Property frontiers

Cambodia:
Country Economic Overview

an overview of the Cambodian economy

Sample

An Overview of the Economy

Cambodia's economy has traditionally been dominated by the textile and tourism industries, which many fear are too narrow an economic base for the country is to develop as it hopes. However, the imminent expansion of the mining industry following the discovery of various minerals on-land coupled with potentially huge oil and gas deposits in fields offshore in the Gulf of Thailand, mean its economic future is one ripe with potential. Tourism continues to thrive and with visitor arrivals estimated to reach three million per annum by 2010 bringing in an estimated $US780 a head, the value of this industry in economic terms is undeniable. GDP growth is high, supported by considerable foreign direct investment from neighbouring countries, namely China.

statistics
GDP (PPP) (IMF) (US$Billions)	25.9
GDP (PPP) (CIA) (US$Billions)	25.8
GDP Growth (IMF) (%)	9.6%
GDP Growth (CIA) (%)	9.6%
GDP Per Capita (PPP) (IMF) (US$)	1,806
GDP Per Capita (PPP) (CIA) (US$)	1,806
GDP by Sector	Agriculture: 31% Services: 26% Industry:43%
Inflation (%)	5.9%
Population Below the Poverty Line (%)	35%
Labour Force (Millions)	7
Labour Force by Occupation	Agriculture: 75% Services: - Industry: -
Unemployment (%)	2.5% (2000 est)
Main Industries	Tourism, garments, rice milling, fishing, wood and wood products, rubber, cement, gem mining, textiles.

^{Sources: CIA World Factbook, IMF}

GDP

economic indicators	2003	2004	2005	2006	2007
GDP (US$Billions)	4.7	5.3	6.3	7.3	8.5
GDP Growth (%)	8.5%	10.3%	13.3%	10.8%	9.5%
GDP Per Capita (US$)	349	394	455	513	592
GDP Per Capita (PPP) (US$)	2,365	2,639	3,024	3,374	3,743
Inflation (%)	1.2%	3.8%	5.9%	4.7%	5.9%
Unemployment (%)	Latest figures (2000) 2.5%	-	-	-	-
Mobile Phone Users	80,000	380,000	380,000	1,062,000	1,062,000
Internet Users	10,000	30,000	30,000	41,000	41,000

^{Sources: CIA World Factbook, IMF}

Major Exports & Imports

Textile production dominates Cambodia's export industry, profiting from a large labour force. This could be under threat however from neighbouring Vietnam whose accession to the WTO could have a negative impact on the manufacturing prices of Cambodia. Cambodia is very dependent on the money that tourism brings into the country and is therefore making a sustained effort to increase the country's tourist appeal.