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 Phnom Penh, the capital and largest city of Cambodia | |
| Currency | Riel (KHR, ៛) |
|---|---|
| Calendar year | |
Trade organisations | WTO, ASEAN, AFTA, RCEP, SCO, G77 |
Country group |
|
| Statistics | |
| Population |  17,181,065 (2024)[3] |
| GDP | |
| GDP rank | |
GDP growth |
|
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
| 2% (2023 est.)[4] | |
Population below poverty line |
|
| 23.6 medium (2024)[9] | |
Labour force | |
Labour force by occupation |
|
| Unemployment |
|
Main industries | tourism, garments, construction, rice milling, fishing, wood and wood products, rubber, cement, gem mining, textiles |
| External | |
| Exports | $20.126 billion (2021 est.)[6] |
Export goods | clothing, precious metal scraps, trunks/cases, gold, leather footwear |
Main export partners |
|
| Imports | $32.83 billion (2021 est.)[6] |
Import goods | refined petroleum, clothing, gold, cars, flavored water |
Main import partners | |
FDI stock |
|
 −$1.563 billion (2024 est.)[6] | |
Gross external debt |  $22.6 billion (31 Dec 2023 est.)[6] |
| Public finances | |
| 32.5% of GDP (2024 est.)[6] | |
| −3.5% (of GDP) (2024 est.)[6] | |
| Revenues | 9.354 billion (2022 est.)[6] |
| Expenses | 9.698 billion (2022 est.)[6] |
| Economic aid | $934 million pledged in grants and concessional loans for 2011 by international donors |
| |
| $21.285 billion (25 April 2024 est.)[6] | |
All values, unless otherwise stated, are in US dollars. | |
| History of Cambodia |
|---|
 |
| Early history |
| Post-Angkor Period |
| Colonial period |
| Independence and conflict |
| Peace process |
| Modern Cambodia |
| By topic |
 Cambodia portal |
The economy of Cambodia (Khmer: សេដ្ឋកិច្ចនៃកម្ពុជា [setʰakəc nəj kampuciə]) currently follows an open market system (market economy) and has seen rapid economic progress in the last decade.[17] Cambodia had a gross domestic product (GDP) of $28.54 billion in 2022.[18] Per capita income, although rapidly increasing, is low compared with most neighboring countries. Cambodia's two largest industries are textiles and tourism, while agricultural activities remain the main source of income for many Cambodians living in rural areas.[19] The service sector is heavily concentrated on trading activities and catering-related services. Recently, Cambodia has reported that oil and natural gas reserves have been found off-shore.[20]
In 1995, with a GDP of $2.92 billion[21] the Cambodian government transformed the country's economic system from a planned economy to its present market-driven system.[22] Following those changes, growth was estimated at a value of 7% while inflation dropped from 26% in 1994 to only 6% in 1995. Imports increased due to the influx of foreign aid, and exports, particularly from the country's garment industry, also increased. Although there was a constant economic growth, this growth translated to only about 0.71% for the ASEAN economy in 2016, compared with her neighbor Indonesia, which contributed 37.62%.[23]
After four years of improving economic performance, Cambodia's economy slowed in 1997–1998 due to the regional economic crisis, civil unrest, and political infighting. Foreign investments declined during this period. Also, in 1998 the main harvest was hit by drought. But in 1999, the first full year of relative peace in 30 years, progress was made on economic reforms and growth resumed at 4%.
Currently, Cambodia's foreign policy focuses on establishing friendly borders with its neighbors (such as Thailand and Vietnam), as well as integrating itself into regional (ASEAN) and global (WTO) trading systems. Some of the obstacles faced by this emerging economy are the need for a better education system and the lack of a skilled workforce; particularly in the poverty-ridden countryside, which struggles with inadequate basic infrastructure. Nonetheless, Cambodia continues to attract investors because of its low wages, plentiful labor, proximity to Asian raw materials, and favorable tax treatment.[24]
Recent economic history
Following its independence from France in 1953, the Cambodian state has undergone five periods of political, social, and economic transformation:
- First Kingdom of Cambodia (1953–1970)
- Khmer Republic (1970–1975)
- Democratic Kampuchea (1975–1982, ousted in 1979); became Coalition Government of Democratic Kampuchea in exile (1982–1993)
- People's Republic of Kampuchea (1979–1989), later renamed "State of Cambodia" (1989–1993)
- Second Kingdom of Cambodia (1993–present)
In 1989, the State of Cambodia implemented reform policies that transformed the Cambodian economic system from a command economy to an open market one.[25] In line with the economic reformation, private property rights were introduced and state-owned enterprises were privatized. Cambodia also focused on integrating itself into regional and international economic blocs, such as the Association of South East Asian Nations and the World Trade Organization respectively. These policies triggered a growth in the economy, with its national GDP growing at an average of 6.1% before a period of domestic unrest and regional economic instability in 1997 (1997 Asian financial crisis).[25] However, conditions improved and since 1999, the Cambodian economy has continued to grow at an average pace of approximately 6–8% per annum.[26]
In 2007, Cambodia's gross domestic product grew by an estimated 18.6%. Garment exports rose by almost 8%, while tourist arrivals increased by nearly 35%. With exports decreasing, the 2007 GDP growth was driven largely by consumption and investment. Foreign direct investment (FDI) inflows reached US$600 million (7 percent of GDP), slightly more than what the country received in official aid. Domestic investment, driven largely by the private sector, accounted for 23.4 percent of GDP. Export growth, especially to the US, began to slow in late 2007 accompanied by stiffer competition from Vietnam and emerging risks (a slowdown in the US economy and lifting of safeguards on China's exports). US companies were the fifth largest investors in Cambodia, with more than $1.2 billion in investments over the period 1997–2007.
Cambodia was severely damaged by the financial crisis of 2007–2008, and its main economic sector, the garment industry, suffered a 23% drop in exports to the United States and Europe.[27] As a result, 60,000 workers were laid off. However, in the last quarter of 2009 and early 2010, conditions were beginning to improve and the Cambodian economy began to recover. Cambodian exports to the US for the first 11 months of 2012 reached $2.49 billion, a 1 per cent increase year-on-year. Its imports of US goods grew 26 per cent for that period, reaching $213 million. Another factor underscoring the potential of the Cambodian economy is the recent halving of its poverty rate. The poverty rate is 20.5 per cent, meaning that approximately 2.8 million people live below the poverty line.
Data
The following table shows the main economic indicators in 1986–2020 (with IMF staff estimates in 2021–2026).[28] Inflation below 5% is in green. The annual unemployment rate is extracted from the World Bank, although the International Monetary Fund find them unreliable.[29]
| Year | GDP
(in Bil. US$PPP) |
GDP per capita
(in US$ PPP) |
GDP
(in Bil. US$nominal) |
GDP per capita
(in US$ nominal) |
GDP growth
(real) |
Inflation rate
(in Percent) |
Unemployment[29]
(in Percent) |
Government debt
(in % of GDP) |
|---|---|---|---|---|---|---|---|---|
| 1986 | n/a | n/a | 0.2 | 25.71 | n/a | n/a | n/a | n/a |
| 1987 | 4.3 | 516.02 | 0.1
|
17.1
|
n/a | -31.2%
|
n/a | n/a |
| 1988 | 4.8
|
569.1
|
0.3
|
32.6
|
9.6%
|
23.0%
|
n/a | n/a |
| 1989 | 5.2
|
593.1
|
 0.3
|
39.7
|
3.3%
|
63.8%
|
n/a | n/a |
| 1990 | 5.4
|
602.5
|
0.9
|
99.8
|
1.1%
|
141.8%
|
n/a | n/a |
| 1991 | 6.0
|
647.5
|
2.0
|
215.7
|
7.6%
|
191.0%
|
0.7% | n/a |
| 1992 | 6.6
|
684.4
|
2.4
|
252.5
|
7.1%
|
75.0%
|
0.8%
|
n/a |
| 1993 | 7.0
|
703.6
|
2.4
|
242.5
|
4.0%
|
114.3%
|
0.8%
|
n/a |
| 1994 | 7.8
|
745.9
|
2.8
|
265.1
|
8.2%
|
10.4%
|
1.3%
|
n/a |
| 1995 | 8.4
|
781.7
|
3.4
|
319.5
|
6.0%
|
10.1%
|
 0.8%
|
n/a |
| 1996 | 9.1
|
818.5
|
3.5
|
316.2
|
5.9%
|
7.1%
|
0.8%
|
30.2% |
| 1997 | 9.6
|
842.8
|
3.4
|
302.2
|
4.0%
|
10.5%
|
0.9%
|
31.6%
|
| 1998 | 10.2
|
870.1
|
3.1
|
267.9
|
4.7%
|
12.9%
|
0.9%
|
37.2%
|
| 1999 | 11.6
|
971.9
|
3.5
|
293.7
|
12.7%
|
2.0%
|
0.9%
|
34.7%
|
| 2000 | 13.0
|
1,065.4
|
3.7
|
300.0
|
9.6%
|
-0.8%
|
1.0%
|
35.2%
|
| 2001 | 14.4
|
1,158.3
|
4.0
|
320.0
|
8.6%
|
-0.1%
|
1.0%
|
34.9%
|
| 2002 | 15.6
|
1,230.7
|
4.3
|
337.5
|
6.6%
|
0.0%
|
1.1%
|
39.7%
|
| 2003 | 17.3
|
1,336.5
|
4.7
|
360.7
|
8.5%
|
1.0%
|
1.1%
|
43.1%
|
| 2004 | 19.6
|
1,489.6
|
5.3
|
405.6
|
10.3%
|
3.9%
|
1.1%
|
42.7%
|
| 2005 | 22.9
|
1,712.6
|
6.3
|
470.7
Zdroj:https://en.wikipedia.org?pojem=Clothing_industry_in_Cambodia Text je dostupný za podmienok Creative Commons Attribution/Share-Alike License 3.0 Unported; prípadne za ďalších podmienok. Podrobnejšie informácie nájdete na stránke Podmienky použitia.
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