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:
The main industries in Cambodia are textiles, cement, mining gem, tourism, rice milling, garments, wood products, wood, fishing, rubber.
Economy of Cambodia And Agricultural products:
Agro based products in Cambodia include tapioca, corn, vegetables, rubber, rice, cashews.
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:
Products of export-
Timber, rubber, fish, rice, tobacco, footwear, clothing.
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.
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%.
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Source: World Bank
|Last Updated on : 12th MArch 2015||Next Update : February 2016|