The Philippines, officially the Republic of the Philippines, is an archipelagic nation located in Southeast Asia, with Manila as its capital city. It is a newly industrialized country with an agricultural base, light industry, and service-sector economy. It has been listed in "Next Eleven" economies. The Philippines has one of the most vibrant business process outsourcing (BPO) industries in Asia, including Fortune 500 companies.

The economy has nonetheless remained weak, and many Filipinos have sought employment overseas; remittances from an estimated 8 million Filipinos abroad are economically important. Chief exports are semiconductors, electronics, transportation equipment, clothing, copper, petroleum products, coconut oil, fruits, lumber and plywood, machinery, and sugar. The main imports are electronic products, mineral fuels, machinery, transportation equipment, iron and steel, textiles, grains, chemicals, and plastic.

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