The Philippines, is an archipelagic country located in Southeast Asia with Manila as its capital city. The Philippine archipelago comprises 7,107 islands in the western Pacific Ocean, sharing maritime borders with Indonesia, Malaysia, Palau, the Republic of China (Taiwan), and Vietnam. The Philippines is the world’s 12th most populous country with a population approaching 90 million people. Its national economy is the 46th largest in the world with an estimated 2008 gross domestic product (GDP) of over US$154.073 billion. There are more than 11 million overseas Filipinos worldwide, about 11% of the total population of the Philippines. It is a multi-ethnic country. Ecologically, The Philippines is considered to be among 17 of the most megadiverse countries in the world.