More than 7,000 islands make up the Philippines, but the bulk of its fast-growing population lives on just 11 of them. Although endowed with many fine beaches and a growing tourism industry, much of the country is mountainous and prone to earthquakes and eruptions from around 20 active volcanoes. It is often buffeted by typhoons and other storms. The Philippines is one of the most dynamic economies in the East Asia Pacific region. With increasing urbanization, a growing middle class, and a large and young population, the Philippinesā economic dynamism is rooted in strong consumer demand supported by a vibrant labor market and robust remittances. In recent years, the Philippine economy has made progress in delivering inclusive growth, evidenced by a decline in poverty rates.
The prevalence of human trafficking in the Philippines is quite high. Experts estimate that the number of people in slavery in the Philippines totals over 780,000. The Philippines moved from Tier 2 to Tier 1 in 2016 and retained the status for five consecutive years. Although it meets minimum standards, the TIP Report said the country’s community reintegration services remain inadequate.