Economy of Cambodia

Cambodia is a poor country with majority of the population indulging in subsistence farming. The economy of Cambodia displayed remarkable growth by approximately 4.5% in the year 1999. Economic growth ranged between 5%-5.5% in the year 2000.

Two of Cambodia’s industries that have helped Cambodia move ahead are the tourism industry and the garment industry. Only 13% of the land area is arable in Cambodia. Woodlands and forests make up approximately 66% of the land area.

Facts about Cambodia’s economy:

Industries:
The main industries in Cambodia are textiles, cement, mining gem, tourism, rice milling, garments, wood products, wood, fishing, rubber.

Cambodia Economic Performance GDP Inflation Graph 1995-2013

Cambodia Economic Performance GDP Inflation Graph 1995-2013

Economy of Cambodia And Agricultural products:

Agro based products in Cambodia include tapioca, corn, vegetables, rubber, rice, cashews.

GDP:
Gross domestic product (PPP) in the year 2006 was USD$36.78 billion.
Gross domestic product (real growth rate) was 5.8% in the year 2006.
GDP per capita (purchasing power parity) in 2006 was USD$2,600.

Sector wise GDP in 2004 was:
Service sector-35%
Agriculture sector-35%
Industrial sector-30%.

Products of export-
Timber, rubber, fish, rice, tobacco, footwear, clothing.

Trading partners(export-2005)
Germany, United States of America, Canada, Hong Kong.

Products of Import-
Gold, machinery, pharmaceutical goods, products of petroleum, materials for construction, cigarettes, automobile.
China, France, Hong Kong, South Korea, Taiwan, Thailand, Japan, Vietnam, Singapore.

External debt
in 2006 was USD$3.664 billion.

Currency Currency of Cambodia is Riel. The currency code is KHR.

In 2004, population of Cambodia below poverty line was 40%. Rate of unemployment in the year 2000 was 2.5%.

Cambodia Economic Performance 1995-2013
Year GDP % Change Inflation % Change Year GDP % Change Inflation % Change
1995 6.44 -0.80 2005 13.25 6.35
1996 5.41 7.15 2006 10.77 6.14
1997 5.62 7.96 2007 10.21 7.67
1998 5.01 14.81 2008 6.69 25.00
1999 11.91 4.01 2009 0.09 -0.66
2000 8.77 -0.79 2010 5.96 4.00
2001 8.04 -0.60 2011 7.07 5.48
2002 6.69 3.23 2012 7.31 2.93
2003 8.51 1.21 2013 7.41 2.94
2004 10.34 3.92

Source: World Bank

More Information on Asia
Thailand China
Malaysia Philippine
Uzbekistan Bhutan
Hong Kong Mongolia
South Korea Cambodia
Indonesia Pakistan
Sri Lanka

 

Last Updated on : 12th MArch 2015 Next Update : February 2016