Data at glance of Philippines - average on period

variable 1980-1989 1990-1999 2000-2007 2008-2009 2010-2019 2020 2021 2022 2023 2024
real gdp growth 1.8 2.94 4.94 4.39 4.72 5.71 7.58 5.52 5.69 5.48
CPI % 13.67 9.01 4.8 3.99 2.9 3.93 5.82 5.98 3.21 2.61
Unemployment rate 10.12 9.67 9.97 7.4 6.62 7.78 5.4 4.36 3.81 4.48
Current account balance/GDP % -3.12 -2.76 1.51 4.12 1.39 -1.51 -4.52 -2.83 -3.79 -3.42
Debt/GDP % - 59.06 61.15 48.7 41.62 57.01 57.39 56.48 57.06 58.14

Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here

History

The Philippine Islands became a Spanish colony during the 16th century; they were ceded to the US in 1898 following the Spanish-American War.  Led by Emilio AGUINALDO, the Filipinos conducted an insurgency against US rule from 1899-1902, although some fighting continued in outlying islands as late as 1913. 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. 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. Twenty-one years of authoritarian rule under Ferdinand MARCOS ended in 1986, when a "people power" movement in Manila ("EDSA 1") forced him into exile and installed Corazon AQUINO as president. Several coup attempts hampered her presidency, and progress on political stability and economic development faltered until Fidel RAMOS was elected president in 1992. The US closed its last military bases on the islands the same year. Joseph ESTRADA was elected president in 1998. His vice-president, Gloria MACAPAGAL-ARROYO, succeded him in 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 president in 2004. Corruption allegations marred her presidency, but the Philippine economy was one of the few to avoid contraction after the 2008 global financial crisis. Benigno AQUINO III was elected as president in 2010, followed by Rodrigo DUTERTE in 2016. During his term, DUTERTE pursued a controversial drug war that garnered international criticism for alleged human rights abuses. Ferdinand MARCOS, Jr. was elected president in 2022 with the largest popular vote in a presidential election since his father's ouster.For decades, the country has been challenged by armed ethnic separatists, communist rebels, and Islamic terrorist groups, particularly in the southern islands and remote areas of Luzon.

Environment

Area: 300,000 km2

Climate: tropical marine; northeast monsoon (November to April); southwest monsoon (May to October)

Natural resources: timber, petroleum, nickel, cobalt, silver, gold, salt, copper

Ethnic characteristics

Groups: Tagalog 26%, Bisaya/Binisaya 14.3%, Ilocano 8%, Cebuano 8%, Illonggo 7.9%, Bikol/Bicol 6.5%, Waray 3.8%, Kapampangan 3%, Maguindanao 1.9%, Pangasinan 1.9%, other local ethnicities 18.5%, foreign ethnicities 0.2% (2020 est.)

Languages: Tagalog 39.9%, Bisaya/Binisaya 16%, Hiligaynon/Ilonggo 7.3%, Ilocano 7.1%, Cebuano 6.5%, Bikol/Bicol 3.9%, Waray 2.6%, Kapampangan 2.4%, Maguindanao 1.4%, Pangasinan/Panggalato 1.3%, other languages/dialects 11.2%, unspecified 0.4% (2020 est.)major-language sample(s): Ang World Factbook, ang mapagkukunan ng kailangang impormasyon. (Tagalog)The World Factbook, the indispensable source for basic information.note: data represent percentage of households; unspecified Filipino (based on Tagalog) and English are official languagesTaga; eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan

Religions: Roman Catholic 78.8%, Muslim 6.4%, Iglesia ni Cristo 2.6%, other Christian 3.9%, other 8.2%, none/unspecified <0.1 (2020 est.)

Government

Capital: Manila

Government type: presidential republic

Executive branch

Chief of state: President Ferdinand "BongBong" MARCOS, Jr. (since 30 June 2022)

Head of government: President Ferdinand "BongBong" MARCOS, Jr. (since 30 June 2022)cabinet: Cabinet appointed by the president with the consent of the Commission of Appointments, an independent body of 25 Congressional members that includes the Senate president (ex officio chairman) and is appointed by the presidentelection/appointment process: president and vice president directly elected on separate ballots by simple-majority popular vote for a single 6-year termmost recent election date: 9 May 2022election results: 2022: Ferdinand MARCOS, Jr. elected president; percent of vote - Ferdinand MARCOS, Jr. (PFP) 58.7%, Leni ROBREDO (independent) 27.9%, Manny PACQUIAO (PROMDI) 6.8%, other 6.6%; Sara DUTERTE-Carpio elected vice president; percent of vote Sara DUTERTE-Carpio (Lakas-CMD) 61.5%, Francis PANGILINAN (LP) 17.8%, Tito SOTTO 15.8%, other 4.9%2016: Rodrigo DUTERTE elected president; percent of vote - Rodrigo DUTERTE (PDP-Laban) 39%, Manuel "Mar" ROXAS (LP) 23.5%, Grace POE (independent) 21.4%, Jejomar BINAY (UNA) 12.7%, Miriam Defensor SANTIAGO (PRP) 3.4%; Leni ROBREDO elected vice president; percent of vote Leni ROBREDO (LP) 35.1%, Ferdinand MARCOS, Jr. (independent) 34.5%, Alan CAYETANO 14.4%, Francis ESCUDERO (independent) 12%, other 4%expected date of next election: 9 May 2028note: the president is both chief of state and head of government

Legislative branch

Description: legislature name: Congress (Kongreso)legislative structure: bicameral

Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"