The Philippines (Filipino: Pilipinas), officially the Republic of the Philippines (Republika ng Pilipinas; RP), is an archipelagic nation located in Southeast Asia, with Manila as its capital city. The Philippine archipelago comprises 7,107 islands in the western Pacific Ocean, bordering countries such as Indonesia, Malaysia, Palau and the Republic of China, although it is the only Southeast Asian country to share no land borders with its neighbors. The Philippines is the world's 12th most populous country with a population approaching 87 million people. Its national economy is the 47th largest in the world with a 2006 gross domestic product (GDP) of over US$117.562 billion. There are more than 11 million overseas Filipinos worldwide, about 11% of the total population of the Philippines.