FREE REPORT: THE BEST PLACES TO RETIRE IN 2025
We Value Your Privacy! We will not share your email address with anyone else, period.

THE 10 BEST PLACES TO RETIRE IN 2025

the 10 best places to retire in 2025

PLUS: A SPECIAL BONUS DESTINATION

Simply sign up to receive the FREE daily e-letter, Overseas Opportunity Letter, and we’ll immediately email you our editors’ latest research report… absolutely FREE

We Value Your Privacy! We will not share your email address with anyone else, period.

Philippines Facts & Figures

Contents FAQS Articles Resources AdobeStock/MICHEL Fun And Interesting Facts Information Type Philippines Data Population 119.11 million (November 2024 est.) Gross Domestic Product (GDP) US$471.5 billion (2024 est.) GDP Per Capita US$3,877 (2024 est.) Inflation Rate 3.33% (2024 est.) Currency Philippine Peso (PHP) Exchange Rate Versus U.S. Dollar 58.72 pesos per U.S. dollar (November 2024) Language […]

We Value Your Privacy! We will not share your email address with anyone else, period.
Basket of dried chili pepper. cost of living in philippines philippines facts
AdobeStock/MICHEL

Fun And Interesting Facts

Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

Reviewed By Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

Start Your New Overseas Life Today

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2025

We Value Your Privacy! We will not share your email address with anyone else, period.

Information TypePhilippines Data
Population119.11 million (November 2024 est.)
Gross Domestic Product (GDP)US$471.5 billion (2024 est.)
GDP Per CapitaUS$3,877 (2024 est.)
Inflation Rate3.33% (2024 est.)
CurrencyPhilippine Peso (PHP)
Exchange Rate Versus U.S. Dollar58.72 pesos per U.S. dollar (November 2024)
LanguageFilipino (official; based on Tagalog) and English (official); eight major dialects (Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan)
CapitalManila
Population of Capital City14.94 million (metropolitan area)
Time ZoneUTC+8
SeasonsTropical marine; northeast monsoon (November to April); southwest monsoon (May to October)
International Dialing Code63
Electricity220V/ 60Hz
System of GovernmentRepublic
Current LeaderRodrigo Duterte
Income Tax Rate for Residents5% to 32%
Property Tax1% to 2%
Capital Gains Tax6%
Inheritance Taxnone
Rental Income TaxTaxable income is computed by deducting income-generating expenses and personal allowances from gross income.
Transfer Tax0.5% of the selling price, or zonal value or fair market value, whichever is higher.
Sales TaxVAT rate 12%
Restrictions on Foreign Ownership of PropertyThe Philippines restrict foreign ownership to condos and in any given building foreigners can own only up to 40% of the units.
Local Chamber of Commercehttp://www.philippinechamber.com/
American Chamber of Commercehttp://www.amchamphilippines.com/
Primary ExportsSemiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits
Residency and Visa RequirementsYou qualify for the SRRV classic visa program by depositing US$50,000 in a Philippine bank or purchasing a condominium costing US$50,000 or more if you are between ages 35 and 49. If you are age 50 or older, you need invest only US$10,000, provided you have an individual pension of at least US$800 per month. A couple must be able to show pension income of at least US$1,000 per month.
Special Benefits for Foreign Residents or RetireesFour types of special resident retiree visas are offered, starting with the SRRV smile program that allows you to remain in the Philippines for as long as you want provided you deposit US$20,000 in a Philippine bank and keep it there for the duration of your stay. This visa is available to anyone who is 35 or older.
National Airlinehttp://www.philippineairlines.com/
Start Your New Life Overseas Today!
Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In 2025.
We Value Your Privacy! We will not share your email address with anyone else, period.
  • The name ‘Philippines’, was given to the island by King Philip II of Spain.
  • The Philippines are the fifth largest English speaking nation in the world.
  • Three of the world’s ten largest shopping malls are in the Philippines.
  • The Philippines exports more tropical fruit than any other country. 
  • The Philippines is unique as Asia’s only predominantly Christian country.
  • When the Philippines are at war, the national flag is raised upside down.
  • Jellyfish Lake has over 13 million jellyfish. The stings on these jellyfish is mild enough that you can swim with them.
  • The Philippines celebrate Christmas from September until January.
  • The national drink is Tanduay rum. This is often cheaper than water.
  • The world’s smallest hooved animal, the Philippine mouse deer, is native to the Philippines.
  • One of the most popular methods of public transport is the jeepney. This brightly colored buses, modified from Jeeps left behind by the U.S. army in the 1940’s.
  • The Philippines contain 3 active volcanos. It also receives hundreds of earthquakes every week, but most of these are so slight they cannot be felt.
  • The national dish is adobo which is a form of chicken stew.
  • Basketball is the most popular participation sport. Lots of people enjoy watching boxing and cock fighting.
Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

Reviewed By Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

Start Your New Overseas Life Today

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2025

We Value Your Privacy! We will not share your email address with anyone else, period.

Philippines Facts & Figures- FAQs

Submit Your Own Questions

Be The First To Ask About Philippines Facts & Figures

Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

Portugal is known for Fado music and also for being the largest cork producer in the world.

Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

Latest On Philippines Facts & Figures

' . . '
Cambodia
3 years ago 0

The Global Nomad Lifestyle: A Journey To Personal Freedom

' . . '
Brazil
3 years ago 0

7 Emerging Markets In 2022 For Offshore Diversification

' . . '
Lifestyle
4 years ago 0

Is The Philippines Safe?

' . . '
Philippines
11 years ago 0

Cheapest Places To Retire In The Philippines

More Resources From Philippines
HOME

Best For:

BROWSE ALL COUNTRIES
How Much Will It Cost
To Live Overseas?
Meet Our Experts

Overseas Property Alert 

 

How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

VISIT SITE

Buying Real Estate For Cashflow

 

Discover tips and strategies used by global property investing veterans

READ MORE

Explore Our Latest Posts

 

Learn how to invest and purchase property abroad…

EXPLORE

Live and Invest In Spain Conference

VALENCIA, SPAIN Sep. 17-19, 2025
LEARN MORE
DISCOUNT

Offshore Wealth Summit

PANAMA CITY, PANAMA Oct. 15-17, 2025
LEARN MORE
PRE-REGISTER

GREECE WORKSHOP

VIRTUAL Nov. 13, 2025
LEARN MORE
PRE-REGISTER
MORE EVENTS

Contact Our Events Team:

Toll-Free U.S. and Canada:
1 (888) 627 8834

From Outside North America:
1 (443) 599 1221

Working Hours
Monday – Friday 08:00 am – 17:00 pm EST.

Reach us with your questions by email at: events@liveandinvestoverseas.com

Overseas Havens Reports

Conference Kits

Lahardan Books

Services

VISIT OUR STORE

THE 10 BEST PLACES TO RETIRE IN 2025

FREE REPORT: The 10 Best Places To retire in 2025

Sign up to receive the FREE daily e-letter, Overseas Opportunity Letter and we’ll immediately email you our editors’ latest research report…

We Value Your Privacy! We will not share your email address with anyone else, period.

LIBRARY

Follow Us:

© 2008 - Live and Invest Overseas - All Rights Reserved.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

We Value Your Privacy! We will not share your email address with anyone else, period.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

Sign up for FREE to learn how. Plus, check out our FREE report on THE 10 BEST PLACES TO RETIRE


We Value Your Privacy! We will not share your email address with anyone else, period.