Located in Southeast Asia, the Philippines is an archipelago consisting of more than 7,100 islands, of which more than 800 are inhabited. It has a democratic system of government. Official languages are Filipino and English. With more than 105 million people, the Philippines is a strong exporter of electronic products, garments, petroleum products and fruits. It trades regularly with the U.S., Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan and Thailand. In March, Fitch Ratings upgraded the country's credit rating to investment grade, igniting interest in the country.