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Philippiness

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Ferdinand Marcos Philippiness is a nation led by Ferdinand Kian Estoya Dimaano on the continent of Asia. Ferdinand Marcos Philippiness's government is a Monarchy with very conservative social policies. Economically, Ferdinand Marcos Philippiness favors moderate policies. The official currency of Ferdinand Marcos Philippiness is the Philippine Peso. At 298 days old, Ferdinand Marcos Philippiness is an old nation. Ferdinand Marcos Philippiness has a population of 958,594 and a land area of 26,322.00 sq. miles. This gives it a national average population density of 36.42. Pollution in the nation is almost non-existent. The citizens' faith in the government is completely depleted with an approval rating of 0%.

Main article: Economy of the Philippines

The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion.[11] As a newly industrialized country,[455][456] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.[455][457] The country's labor force was around 49 million as of 2022, and its unemployment rate was 4.3 percent.[458] Gross international reserves totaled US$100.761 million as of April 2023.[459] Debt-to-GDP ratio decreased to 60.9 percent at the end of 2022 from a 17-year high 63.7 percent at the end of the third quarter of that year, and indicated resiliency during the COVID-19 pandemic.[460] The country's unit of currency is the Philippine peso (₱[461] or PHP[462]).[463]

The Philippines is a net importer,[293]: 55–56, 61–65, 77, 83, 111 [464] and a debtor nation.[465] As of 2020, the country's main export markets were China, the United States, Japan, Hong Kong, and Singapore;[466] primary exports included integrated circuits, office machinery and parts, electrical transformers, insulated wiring, and semiconductors.[466] Its primary import markets that year were China, Japan, South Korea, the United States, and Indonesia.[466] Major export crops include coconuts, bananas, and pineapples; it is the world's largest producer of abaca,[8]: 226–242 and was the world's second biggest exporter of nickel ore in 2022,[467] as well as the biggest exporter of gold-clad metals and the biggest importer of copra in 2020.[466]

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Filipinos planting rice. Agriculture employed 24 percent of the Filipino workforce as of 2022.[458]

With an average annual growth rate of six to seven percent since around 2010, the Philippines has emerged as one of the world's fastest-growing economies,[468] driven primarily by its increasing reliance on the service sector.[469] Regional development is uneven, however, with Manila (in particular) gaining most of the new economic growth.[470][471] Remittances from overseas Filipinos contribute significantly to the country's economy;[472][469] they reached a record US$36.14 billion in 2022, accounting for 8.9 percent of GDP.[473] The Philippines is the world's primary business process outsourcing (BPO) center.[474][475] About 1.3 million Filipinos work in the BPO sector, primarily in customer service.[476]

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