Forex Trading in the Philippines

The Philippines, located in Southeast Asia, has an area of 300,000 km2. The Philippines, with a population of 108,770,000 people, is a densely populated country and has a high population density, with 363 inhabitants per square kilometer.

Its capital is Manila and its currency is Philippine Pesos. The Philippines is the 36th largest economy by GDP. Its public debt in 2020 was 149.404 billion euros, with a debt of 47.07% of GDP. Its per capita debt is €1,374 per capita.

The latest published annual rate of change of the CPI in the Philippines is from June 2021 and was 4.2%. There are a few variables that may help you learn a little more if you are traveling to the Philippines or just want to know more about the standard of living of its inhabitants.

The GDP per capita is a very good indicator of the standard of living and in the case of the Philippines, in 2020, it was €2,919, so you find with this figure it is at the bottom of the table, in the 133rd place. Its inhabitants have a very low standard of living in relation to the 196 countries in the GDP per capita ranking.

As for the Human Development Index or HDI, which is compiled by the United Nations to measure the progress of a country and ultimately shows the standard of living of its inhabitants, it indicates that Filipinos are ranked 109th.

If the reason for visiting the Philippines is business, it is useful to know that the Philippines is ranked 124th out of 190 in the Doing Business ranking, which classifies countries according to the ease of doing business. As for the Corruption Perception Index of the public sector in the Philippines was 34 points, so its inhabitants believe that there is a lot of corruption in the public sector.

In the tables at the bottom of the page you can find more information about the economy and demographics of the Philippines and if you want to see information about any other country you can do it from economy countries.