Flag of Cambodia

Cambodia Economy Profile 2014

Home > Factbook > Countries > Cambodia

Economy - overviewSince 2004, garments, construction, agriculture, and tourism have driven Cambodia's growth. GDP climbed more than 7% per year between 2010 and 2013. The garment industry currently employs more about 400,000 people and accounts for about 70% of Cambodia's total exports. In 2005, exploitable oil deposits were found beneath Cambodia's territorial waters, representing a potential revenue stream for the government, if commercial extraction becomes feasible. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron and gems. The tourism industry has continued to grow rapidly with foreign arrivals exceeding 2 million per year since 2007 and reaching over 3 million visitors in 2012. Cambodia, nevertheless, remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by endemic corruption, limited educational opportunities, high income inequality, and poor job prospects. Approximately 4 million people live on less than $1.25 per day, and 37% of Cambodian children under the age of 5 suffer from chronic malnutrition. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the impoverished countryside, which also lacks basic infrastructure. The Cambodian Government is working with bilateral and multilateral donors, including the Asian Development Bank, the World Bank and IMF, to address the country's many pressing needs; more than 50% of the government budget comes from donor assistance. The major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance.
GDP (purchasing power parity)$39.64 billion (2013 est.)
$37.04 billion (2012 est.)
$34.52 billion (2011 est.)
note: data are in 2013 US dollars
GDP (official exchange rate)$15.64 billion (2013 est.)
GDP - real growth rate7% (2013 est.)
7.3% (2012 est.)
7.1% (2011 est.)
GDP - per capita (PPP)$2,600 (2013 est.)
$2,400 (2012 est.)
$2,300 (2011 est.)
note: data are in 2013 US dollars
Gross national saving9.6% of GDP (2013 est.)
9.1% of GDP (2012 est.)
12% of GDP (2011 est.)
GDP - composition, by end usehousehold consumption: 74.7%
government consumption: 7.7%
investment in fixed capital: 16.4%
investment in inventories: 2.1%
exports of goods and services: 65.3%
imports of goods and services: -66.2%
(2013 est.)
GDP - composition by sectoragriculture: 34.8%
industry: 24.5%
services: 40.7% (2013 est.)
Population below poverty line20% (2012 est.)
Labor force7.9 million (2011 est.)
Labor force - by occupationagriculture: 55.8%
industry: 16.9%
services: 27.3% (2010 est.)
Unemployment rate0% (2011 est.)
0.3% (2010 est.)
Unemployment, youth ages 15-24total: 3.4%
male: 3.5%
female: 3.3% (2008)
Household income or consumption by percentage sharelowest 10%: 3%
highest 10%: 37.3% (2007)
Distribution of family income - Gini index37.9 (2008 est.)
41.9 (2004 est.)
Budgetrevenues: $2.685 billion
expenditures: $3.1 billion (2013 est.)
Taxes and other revenues17.2% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-2.7% of GDP (2013 est.)
Public debtNA% of GDP
Inflation rate (consumer prices)3.2% (2013 est.)
2.9% (2012 est.)
Central bank discount rateNA% (31 December 2012)
5.25% (31 December 2007)
Commercial bank prime lending rate13% (31 December 2013 est.)
12.98% (31 December 2012 est.)
Stock of narrow money$1.206 billion (31 December 2013 est.)
$995.1 million (31 December 2012 est.)
Stock of broad money$8.373 billion (31 December 2013 est.)
$7.1 billion (31 December 2012 est.)
Stock of domestic credit$5.705 billion (31 December 2013 est.)
$4.801 billion (31 December 2012 est.)
Market value of publicly traded shares$NA
Agriculture - productsrice, rubber, corn, vegetables, cashews, cassava (manioc, tapioca), silk
Industriestourism, garments, construction, rice milling, fishing, wood and wood products, rubber, cement, gem mining, textiles
Industrial production growth rate9.5% (2013 est.)
Current Account Balance-$1.262 billion (2013 est.)
-$1.208 billion (2012 est.)
Exports$6.781 billion (2013 est.)
$6.016 billion (2012 est.)
Exports - commoditiesclothing, timber, rubber, rice, fish, tobacco, footwear
Exports - partnersUS 32.6%, UK 8.3%, Germany 7.7%, Canada 7.7%, Singapore 6.6%, Vietnam 5.7%, Japan 4.7% (2012)
Imports$8.895 billion (2013 est.)
$7.965 billion (2012 est.)
Imports - commoditiespetroleum products, cigarettes, gold, construction materials, machinery, motor vehicles, pharmaceutical products
Imports - partnersThailand 27.1%, Vietnam 20.3%, China 19.5%, Singapore 7.1%, Hong Kong 5.8%, South Korea 4.3% (2012)
Reserves of foreign exchange and gold$5.415 billion (31 December 2013 est.)
$4.938 billion (31 December 2012 est.)
Debt - external$4.912 billion (31 December 2013 est.)
$4.567 billion (31 December 2012 est.)
Exchange ratesriels (KHR) per US dollar -
4,037.6 (2013 est.)
4,033 (2012 est.)
4,184.9 (2010 est.)
4,139 (2009)
4,070.94 (2008)
Fiscal yearcalendar year

Source: CIA World Factbook
This page was last updated on June 30, 2015

Economy Comparison