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. The service sector is heavily concentrated on trading activities and catering-related services.
What does Cambodia’s economy based on?
Driven by garment exports and tourism, Cambodia’s economy has sustained an average real growth rate of 7.7 percent between 1998 and 2019, making it one of the fastest-growing economies in the world.
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.
What is Cambodia’s average income?
Cambodia Annual Household Income per Capita reached 1,548.682 USD in Dec 2019, compared with the previous value of 1,376.489 USD in Dec 2017. Cambodia Annual Household Income per Capita data is updated yearly, available from Dec 2009 to Dec 2019, with an averaged value of 920.988 USD.
What is the main product of Cambodia?
Agriculture remains the most important sector of the Cambodian economy in terms of its share of the gross domestic product (GDP), and it employs the vast majority of the workforce. Rice is Cambodia’s major crop, its principal food, and, in times of peace, its most important export commodity.
Is Cambodia richer 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.
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.
Is Cambodia a poor or rich country?
Cambodia is currently one of the poorest countries in the world. Its per-capita income is only US$260. However, if adjusted for purchasing power parity (which takes into account the low prices for goods in Cambodia), its per-capita income jumps rather dramatically to US$1300.
How much money do I need to live in Cambodia?
Compared to many Asian countries, the cost of living in Cambodia is still relatively cheap. A foreigner living alone in the city can easily get by on $800 – $1,000 per month if he cooks his own food and indulges in minimal luxuries.
Is Mexico a low income country?
Lower middle income – 51 Countries. Upper middle income – 53 Countries. High income: nonOECD – 48 Countries. High income: OECD – 32 Countries.
Country Income Groups (World Bank Classification)
|Marshall Islands||Upper middle income|
|Mauritania||Lower middle income|
|Mauritius||Upper middle income|
|Mexico||Upper middle income|