Philippines Country Report
The Philippines, officially known as The Republic of the Philippines, with Manila as its capital city is an archipelago comprising of 7107 islands. The country is located in the midst of Southeast Asia's main water bodies namely, the South China Sea, Philippine Sea, Sulu Sea, and Celebes Sea. Philippine economy posted a meager increase of 3.7 percent in 2011 from 1.1 percent in 2009, despite the impact of international slowdown in Europe and United States and the typhoons towards the end of the year. The increase was driven by the catch up in government spending in the last quarter of 2011 and the increase in the services sector. The 2010 population was estimated at 94.7 million from 92.2 million in 2009. The GDP per capita was about US$1,100 in the same year.
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