The Philippines has a very low cost of living. The peso has significantly lost much of its value since the Asian Financial Crisis but over the past few years the country is getting back on its feet. The Philippine economy ranks 47th worldwide with a total GDP of over 120 billion euros. Expatriates will find living in the country very cheap compared to the United Kingdom.
The unemployment rate is not tremendously high but poverty may have been rampant due to overpopulation. The Philippines is the 12th most populous country globally with over 88 million people. Some individuals live on 2 euros daily so if immigrants are used to earning 2,000 euros every month, they will be able to afford a semi-luxurious quality of life. [click to continue…]
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