What GDP growth are Cambodian key industries experiencing? Cambodia has seen solid growth since 1998, with GDP growth averaging at about 8% each year. This economic growth is expected to trend upwards, with a growth of 7.0% projected for 2019 and 6.8% for 2020, according to the Asian Development Bank.
What is the current economic status in Cambodia?
Economy of Cambodia
|GDP||$26.730 billion (nominal, 2019 est.) $76.934 billion (PPP, 2019 est.)|
|GDP rank||103rd (nominal, 2019) 95th (PPP, 2019)|
|GDP growth||7.5% (2018) 7.1% (2019e) −1.0% (2020f) 6.0% (2021f)|
|GDP per capita||$1,621 (nominal, 2019 est.) $4,664 (PPP, 2019 est.)|
What is the driver of economic growth in Cambodia?
The main drivers of growth are tourism, construction, garments and paddy. These sectors are highly sensitive to the external economic situation and weather conditions. Even for textiles and garments—a stand-out performer in the industrial sector—only low-end products are exported.
What is the biggest problem in Cambodia?
Cambodia has a lot of problems. First, Cambodia has problems of basic social environments. The GNP level of Cambodia is very low and it is a low income country. A poor-and-needy ratio exceeds 30% of population, and the population growth rate is high, so poverty doesn’t decrease.
What is Cambodia’s biggest export?
Cambodia’s exports are dominated by textile goods, which account for around 70 percent of total exports. Other export products include vehicles, footwear, natural rubber and fish. Cambodia’s main export partners are the United States, Hong Kong, Singapore, Canada, Germany and the UK.
Is Cambodia poorer than Philippines?
Cambodia has a GDP per capita of $4,000 as of 2017, while in Philippines, the GDP per capita is $8,400 as of 2017.
Is Cambodia corrupt?
Transparency International’s 2017 Corruption Perception Index ranks the country 161st place out of 180 countries.
What is the most popular job in Cambodia?
The garment industry is the most important part of Cambodia’s manufacturing sector, and one of the biggest contributors to the country’s economy, accounting for about 80% of all exports, and employing around 700,000 workers, around 90% of whom are women.