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Aliases: Pilipinas, Republic of the Philippines, Republika ng Pilipinas

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Object «Philippines» has attributes

Attribute Value
Geography
Area 300,000 km²
Continent Asia
Land area 298,170 km²
Water area 1,830 km²
Land boundaries 0 km
Border countries Add
Coastline 36,289 km
Mean elevation 442 m
Lowest point 0 m
Highest point 2,954 m
People
Population 109,180,815
Official languages
  • English
  • Filipino
Religion Roman Catholic
Government
Long country name Republic of the Philippines
Short country name Philippines
Long local name Republika ng Pilipinas
Short local name Pilipinas
Former name Add
Government type Presidential republic
Capital Manila
Economy
GDP (PPP) 877,200,000,000 USD
GDP (OER) 313,600,000,000 USD
GDP (real growth rate) 6.7 %
GDP - per capita (PPP) 8,400 USD
Gross national saving 24.3 % of GDP
Labor force 42,780,000
Unemployment rate 5.7 %
Population below poverty line 21.6 %
Budget revenues 49,070,000,000 USD
Budget expenditures 56,020,000,000 USD
Military expenditures 1.13 % of GDP
Taxes and other revenues 15.6 % of GDP
Budget surplus or deficit -2.2 % of GDP
Public debt 39.9 % of GDP
Inflation rate 2.9 %
Central bank discount rate 3.56 %
Commercial bank prime lending rate 5.63 %
Stock of narrow money 71,130,000,000 USD
Stock of broad money 71,130,000,000 USD
Stock of domestic credit 209,800,000,000 USD
Market value of publicly traded shares 352,200,000,000 USD
Current account balance -2,518,000,000 USD
Exports 48,200,000,000 USD
Imports 89,390,000,000 USD
Reserves of foreign exchange and gold 81,570,000,000 USD
External debt 76,180,000,000 USD
National currency Philippine pesos
National currency (code) PHP
National currency (symbol)
National currency rate to USD 50.4

The Philippine Islands became a Spanish colony during the 16th century; they were ceded to the US in 1898 following the Spanish-American War. In 1935 the Philippines became a self-governing commonwealth. Manuel QUEZON was elected president and was tasked with preparing the country for independence after a 10-year transition. In 1942 the islands fell under Japanese occupation during World War II, and US forces and Filipinos fought together during 1944-45 to regain control. On 4 July 1946 the Republic of the Philippines attained its independence. A 21-year rule by Ferdinand MARCOS ended in 1986, when a "people power" movement in Manila ("EDSA 1") forced him into exile and installed Corazon AQUINO as president. Her presidency was hampered by several coup attempts that prevented a return to full political stability and economic development. Fidel RAMOS was elected president in 1992. His administration was marked by increased stability and by progress on economic reforms. In 1992, the US closed its last military bases on the islands. Joseph ESTRADA was elected president in 1998. He was succeeded by his vice-president, Gloria MACAPAGAL-ARROYO, in January 2001 after ESTRADA's stormy impeachment trial on corruption charges broke down and another "people power" movement ("EDSA 2") demanded his resignation. MACAPAGAL-ARROYO was elected to a six-year term as president in May 2004. Her presidency was marred by several corruption allegations but the Philippine economy was one of the few to avoid contraction following the 2008 global financial crisis, expanding each year of her administration. Benigno AQUINO III was elected to a six-year term as president in May 2010 and was succeeded by Rodrigo DUTERTE in May 2016. The Philippine Government faces threats from several groups, some of which are on the US Government's Foreign Terrorist Organization list. Manila has waged a decades-long struggle against ethnic Moro insurgencies in the southern Philippines, which led to a peace accord with the Moro National Liberation Front and a separate agreement with a break away faction, the Moro Islamic Liberation Front. The decades-long Maoist-inspired New People's Army insurgency also operates through much of the country. In 2017, Philippine armed forces battled an ISIS-Philippines siege in Marawi City, driving DUTERTE to declare martial law in the region. The Philippines faces increased tension with China over disputed territorial and maritime claims in the South China Sea.

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