Investor Guide

Targeted Industries

  • Exporting
  • Light to medium non-polluting manufacturing 
  • Support (warehousing, engineering, research, commercial and utilities and services)

Country Profile

Official Name

Republic of the Philippines


300,000 sq km (115,830 sq miles) spread over 7, 101 islands


92.23 million (2009 census estimate)


Metropolitan Manila

Local Time

GMT +8 hours


Filipinos are predominantly Malay descent, although many have mixed ancestry such as Chinese and Spanish


Pilipino (derivative of Tagalog) and English are official languages, including some 150 more native languages, vernaculars, and dialects

Prevailing Religions

Roman Catholic (83%), Protestant Denominations (8%), Muslim (4.6%), Iglesia ni Cristo (2.3%)

Estimated Average

Life expectancy

70 years for men, 74 years for women (UN, 2008)

Monetary Unit

Philippine Peso (with multi-currency acceptance for local transaction)


Presidential (executive) with Bicameral Congress and independent Judiciary

Head of State and Head of Government

President (also Commander-in-Chief of Armed Forces)

Membership of International Grouping / Organization

United Nations (UN), Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC), Asian Development Bank (ADB), World Trade Organization (WTO), World Bank (WB), International Monetary Fund (IMF), International Atomic Energy Agency (IAEA), International Labor Organization (ILO), Inter-Parliamentary Union (IPU), with evolving diplomatic and economic engagements   

GDP Per Capita (at PPP)

US$ 3,300

Source: Board Of Investments

Statistical Figures

Population (May 2010) 92.34M
Populatoin (Aug 2007) 88.55M
Inflation Rate (Aug 2015) 0.6%
Total Exports (Jul 2015) $5.33B
Total Imports (Jun 2015) $5.92B
Balance of Trade (Jun 2015) $-554.79M
Employment Rate (Jul 2015) 93.5%
Unemployment Rate (Jul 2015) 6.5%
Uderemployment Rate (Jul 2015) 21.0%
LFPR (Jul 2015) 62.9%
Simple Literacy (2000) 92.3%
Functional Literacy (2008) 86.4%
Average Family Income P235,000

Source: Philippine Statistics Authority

Labor Cost & Human Resources

The Philippines has highly competitive labor costs, manpower quality and availability, and one of the highest literacy rates in the region. Its workforce is educated, highly trainable and English-speaking. It also has a large manpower pool of computer literate and technically-skilled workers.