The Philippines is the 73rd-largest country in the world and the 21st-largest country in Asia. The 7,641 islands that make up the archipelago are largely uninhabited. With less exposure to unstable international assets, less reliance on exports, and relatively strong local consumption, the economy is reasonably immune to global economic shocks.
The land area is approximately 74% the size of California, and the capital city, Manila, is about 8,507 miles from New York.
The Republic of the Philippines, commonly known as the Philippines, is broadly separated into three main geographic regions from north to south: Luzon, Visayas, and Mindanao.
The dispersed geography adds great cultural variety to each island. For example, the prevalence of Spanish surnames among Filipinos reflects strong Hispanic legacies but does not always denote Spanish ancestry. The widespread use of English is one of many ways America’s impacted contemporary Filipino culture.
The increasingly industrialized Philippines economy is shifting from an agricultural focus to manufacturing and service industries.
The World Bank classifies the Philippines as a lower-middle-income economy with the following trade agreements and alliances: