Cambodia Economy Profile 2018
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Cambodia Economy Profile 2018

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Economy - overviewCambodia has experienced strong economic growth over the last decade; GDP grew at an average annual rate of over 8% between 2000 and 2010 and about 7% since 2011. The tourism, garment, construction and real estate, and agriculture sectors accounted for the bulk of growth. Around 600,000 people, the majority of whom are women, are employed in the garment and footwear sector. An additional 500,000 Cambodians are employed in the tourism sector, and a further 50,000 people in construction. Tourism has continued to grow rapidly with foreign arrivals exceeding 2 million per year since 2007 and reaching around 4.5 million visitors in 2014. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron and gems.

Cambodia remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by endemic corruption, limited human resources, high income inequality, and poor job prospects. As of 2012, approximately 2.66 million people live on less than $1.20 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 World Bank in 2016 formally reclassified Cambodia as a lower middle-income country as a result of continued rapid economic growth over the past several years. Cambodia’s graduation from a low-income country will reduce its eligibility for foreign assistance and will challenge the government to seek new sources of financing. The Cambodian Government has been 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 30% of the government budget comes from donor assistance. A 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)$64.21 billion (2017 est.)
$60.04 billion (2016 est.)
$56.09 billion (2015 est.)
note: data are in 2017 dollars
GDP (official exchange rate)$22.25 billion (2016 est.)
GDP - real growth rate6.9% (2017 est.)
7% (2016 est.)
7.2% (2015 est.)
GDP - per capita (PPP)$4,000 (2017 est.)
$3,800 (2016 est.)
$3,600 (2015 est.)
note: data are in 2017 dollars
Gross national saving13.6% of GDP (2017 est.)
14.1% of GDP (2016 est.)
13.1% of GDP (2015 est.)
GDP - composition, by end usehousehold consumption: 76.4%
government consumption: 5.4%
investment in fixed capital: 22%
investment in inventories: 0.9%
exports of goods and services: 62.8%
imports of goods and services: -67.4% (2017 est.)
GDP - composition by sectoragriculture: 25.3%
industry: 32.8%
services: 41.9% (2017 est.)
Population below poverty line17.7% (2012 est.)
Labor force7.897 million (2017 est.)
Labor force - by occupationagriculture: 48.7%
industry: 19.9%
services: 31.5% (2013 est.)
Unemployment rate0.3% (2017 est.)
0.2% (2012 est.)
note: according to official statistics; underemployment is high
Unemployment, youth ages 15-24total: 0.5%
male: 0.7%
female: 0.4%
note: according to official statistics (2010 est.)
Household income or consumption by percentage sharelowest 10%: 2%
highest 10%: 28% (2013 est.)
Distribution of family income - Gini index37.9 (2008 est.)
41.9 (2004 est.)
Budgetrevenues: $4.268 billion
expenditures: $4.69 billion (2017 est.)
Taxes and other revenues19.2% of GDP (2017 est.)
Budget surplus (+) or deficit (-)-1.9% of GDP (2017 est.)
Public debt28.2% of GDP (2017 est.)
29.1% of GDP (2016 est.)
Inflation rate (consumer prices)3.7% (2017 est.)
3% (2016 est.)
Central bank discount rateNA% (31 December 2012)
5.25% (31 December 2007)
Commercial bank prime lending rate11.1% (31 December 2017 est.)
11.36% (31 December 2016 est.)
Stock of narrow money$1.999 billion (31 December 2017 est.)
$1.748 billion (31 December 2016 est.)
Stock of broad money$16.82 billion (31 December 2017 est.)
$14.5 billion (31 December 2016 est.)
Stock of domestic credit$13.71 billion (31 December 2017 est.)
$11.82 billion (31 December 2016 est.)
Market value of publicly traded shares$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 rate10.6% (2017 est.)
Current Account Balance-$1.904 billion (2017 est.)
-$1.776 billion (2016 est.)
Exports$10.45 billion (2017 est.)
$9.233 billion (2016 est.)
Exports - commoditiesclothing, timber, rubber, rice, fish, tobacco, footwear
Exports - partnersUS 21.3%, UK 9.4%, Germany 9%, Japan 8.2%, Canada 6.5%, China 6%, Thailand 4.2%, Spain 4% (2016)
Imports$14.34 billion (2017 est.)
$12.65 billion (2016 est.)
Imports - commoditiespetroleum products, cigarettes, gold, construction materials, machinery, motor vehicles, pharmaceutical products
Imports - partnersChina 35.3%, Thailand 14.8%, Vietnam 11%, Singapore 4.4%, Japan 4.1%, Hong Kong 4% (2016)
Reserves of foreign exchange and gold$11.29 billion (31 December 2017 est.)
$9.122 billion (31 December 2016 est.)
Debt - external$11.34 billion (31 December 2017 est.)
$10.3 billion (31 December 2016 est.)
Stock of direct foreign investment - at home$29.17 billion (2014 est.)
Exchange ratesriels (KHR) per US dollar -
4,055 (2017 est.)
4,058.7 (2016 est.)
4,058.7 (2015 est.)
4,067.8 (2014 est.)
4,037.5 (2013 est.)
Fiscal yearcalendar year

Source: CIA World Factbook
This page was last updated on January 20, 2018

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