The Philippines is an archipelago located in Southeastern Asia between the Philippine Sea and the South China Sea. It is slightly larger than Arizona. The country has a tropical marine climate with a northeast monsoon (November to April) and a southeast monsoon (May to October). Mountains make up a large part of Philippine terrain with some narrow to extensive coastal lowlands. Natural resources include timber, petroleum, nickel, cobalt, silver, gold, salt, and copper.
Although the Philippines was one of the countries most affected by the 1997 Asian financial crisis, it has since recovered fairly well. The government has promised to continue reforms in hope that the country can match the pace of development in newly industrialized countries in East Asia. Current annual growth is 5.1%, while industrial production has picked up by six per cent after several years of decline. Foreign aid, including a $100 million subvention from the USA in 2002, has helped the country's finances, a blessing at a time when the budget deficit has been growing quickly. Its gross domestic product (GDP) is comprised of: agriculture (15%), industry (32%) and services (54%).
Philippines has around 3,437,500 Telephone lines and 7,820,000 Internet users
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