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Economic overview
Cambodia — 36 years of data
Historical Values
| Year | Value |
|---|---|
| 1990 | Cambodia is a desperately poor country whose economic development has been stymied by deadly political infighting. The economy is based on agriculture and related industries. Over the past decade Cambodia has been slowly recovering from its near destruction by war and political upheaval. It still remains, however, one of the world's poorest countries, with an estimated per capita GDP of about $130. The food situation is precarious; during the 1980s famine has been averted only through internat |
| 1991 | Cambodia is a desperately poor country whose economic development has been stymied by deadly political infighting. The economy is based on agriculture and related industries. Over the past decade Cambodia has been slowly recovering from its near destruction by war and political upheaval. It still remains, however, one of the world's poorest countries, with an estimated per capita GDP of about $130. The food situation is precarious; during the 1980s famine has been averted only through internat |
| 1992 | Cambodia is a desperately poor country whose economic development has been stymied by deadly political infighting. The economy is based on agriculture and related industries. Over the past decade Cambodia has been slowly recovering from its near destruction by war and political upheaval. The food situation remains precarious; during the 1980s famine was averted only through international relief. In 1986 the production level of rice, the staple food crop, was able to meet only 80% of domestic nee |
| 1993 | Cambodia remains a desperately poor country whose economic recovery is held hostage to continued political unrest and factional hostilities. The country's immediate economic challenge is an acute financial crisis that is undermining monetary stability and preventing disbursement of foreign development assistance. Cambodia is still recovering from an abrupt shift in 1990 to free-market economic mechanisms and a cutoff in aid from former Soviet bloc countries; these changes have severely impacted |
| 1994 | The Cambodian economy - virtually destroyed by decades of war - is slowly recovering. Government leaders are moving toward restoring fiscal and monetary discipline and have established good working relations with international financial institutions. Despite such positive developments, the reconstruction effort faces many tough challenges. Rural Cambodia, where 90% of almost ten million Khmer live, remains mired in poverty. The almost total lack of basic infrastructure in the countryside will hi |
| 1995 | The Cambodian economy - virtually destroyed by decades of war - is slowly recovering. Government leaders are moving toward restoring fiscal and monetary discipline and have established good working relations with international financial institutions. Growth, starting from a low base, has been strong in 1991-94. Despite such positive developments, the reconstruction effort faces many tough challenges because of the persistence of internal political divisions and the related lack of confidence of |
| 1996 | The Cambodian economy - virtually destroyed by decades of war - is slowly recovering. Government leaders are moving toward restoring fiscal and monetary discipline and have established good working relations with international financial institutions. Growth, starting from a low base, has been strong in 1991-95. Despite such positive developments, the reconstruction effort faces many tough challenges because of the persistence of internal political divisions and the related lack of confidence of |
| 1997 | The Cambodian economy - virtually destroyed by decades of war - is slowly recovering. Government leaders are moving toward restoring fiscal and monetary discipline and have established good working relations with international financial institutions. Growth, starting from a low base, has been strong in 1991-96. Despite such positive developments, the reconstruction effort faces many tough challenges because of the persistence of internal political divisions and the related lack of confidence of |
| 1998 | After four years of solid macroeconomic performance, Cambodia's economy slowed dramatically in 1997 due to the twin shocks of the regional economic crisis and the July violence and political infighting. Economic growth fell from 6.5% in 1996 to 1.5% in 1997, foreign investment slowed, and tourism declined 16% from 1996 levels. Despite these difficulties, inflation accelerated only slightly to 9.5%; the government managed to keep the national budget in balance even with increased expenditures on |
| 1999 | After four years of solid macroeconomic performance, Cambodia's economy slowed dramatically in 1997-98 due to the regional economic crisis, civil violence, and political infighting. Foreign investment fell off, and tourism has declined from 1996 levels. Also, in 1998 the main harvest was hit by drought. The long-term development of the economy after decades of war remains a daunting challenge. Human resource levels in the population are low, particularly in the poverty-ridden countryside. The al |
| 2000 | After four years of solid macroeconomic performance, Cambodia's economy slowed dramatically in 1997-98 due to the regional economic crisis, civil violence, and political infighting. Foreign investment and tourism fell off. Also, in 1998 the main harvest was hit by drought. But in 1999, the first full year of peace in 30 years, progress was made on economic reforms and growth resumed at 4%. The long-term development of the economy after decades of war remains a daunting challenge. The population |
| 2001 | Cambodia's economy slowed dramatically in 1997-98 due to the regional economic crisis, civil violence, and political infighting. Foreign investment and tourism fell off. In 1999, the first full year of peace in 30 years, progress was made on economic reforms and growth resumed at 4%. GDP growth for 2000 had been projected to reach 5.5%, but the worst flooding in 70 years severely damaged agricultural crops, and high oil prices hurt industrial production, and growth for the year is estimated at o |
| 2002 | Cambodia's economy slowed dramatically in 1997-98 due to the regional economic crisis, civil violence, and political infighting. Foreign investment and tourism fell off. In 1999, the first full year of peace in 30 years, progress was made on economic reforms and growth resumed at 5%. GDP growth for 2000 had been projected to reach 5.5%, but the worst flooding in 70 years severely damaged agricultural crops, and high oil prices hurt industrial production, and growth for the year is estimated at o |
| 2003 | Cambodia's economy slowed dramatically in 1997-1998 due to the regional economic crisis, civil violence, and political infighting. Foreign investment and tourism fell off. In 1999, the first full year of peace in 30 years, progress was made on economic reforms and growth resumed at 5.0%. Despite severe flooding, GDP grew at 5.0% in 2000, 6.3% in 2001, and 5.2% in 2002. Tourism was Cambodia's fastest growing industry, with arrivals up 34% in 2000 and up another 40% in 2001 before the September 11 |
| 2004 | Cambodia's economy slowed dramatically in 1997-1998 due to the regional economic crisis, civil violence, and political infighting. Foreign investment and tourism fell off. In 1999, the first full year of peace in 30 years, progress was made on economic reforms. Growth resumed and has remained about 5.0% during 2000-2003. Tourism was Cambodia's fastest growing industry, with arrivals up 34% in 2000 and up another 40% in 2001 before the 11 September 2001 terrorist attacks in the US. Cambodia expec |
| 2005 | Cambodia's economy slowed dramatically in 1997 and 1998 due to the regional economic crisis, civil violence, and political infighting, and foreign investment and tourism decreased. In 1999, the first full year of peace in 30 years, the government made progress on economic reforms. Growth resumed and remained about 5% from 2000 to 2004. Economic growth has been largely driven by expansion in the garment sector and tourism, but is expected to fall in 2005 as growth in the garment sector stalls. Cl |
| 2006 | In 1999, the first full year of peace in 30 years, the government made progress on economic reforms. The US and Cambodia signed a Bilateral Textile Agreement, which gave Cambodia a guaranteed quota of US textile imports and established a bonus for improving working conditions and enforcing Cambodian labor laws and international labor standards in the industry. From 2001 to 2004, the economy grew at an average rate of 6.4%, driven largely by an expansion in the garment sector and tourism. With th |
| 2007 | In 1999, the first full year of peace in 30 years, the government made progress on economic reforms. The US and Cambodia signed a Bilateral Textile Agreement, which gave Cambodia a guaranteed quota of US textile imports and established a bonus for improving working conditions and enforcing Cambodian labor laws and international labor standards in the industry. From 2001 to 2004, the economy grew at an average rate of 6.4%, driven largely by an expansion in the garment sector and tourism. With th |
| 2008 | From 2001 to 2004, the economy grew at an average rate of 6.4%, driven largely by an expansion in the garment sector and tourism. The US and Cambodia signed a Bilateral Textile Agreement, which gave Cambodia a guaranteed quota of US textile imports and established a bonus for improving working conditions and enforcing Cambodian labor laws and international labor standards in the industry. With the January 2005 expiration of a WTO Agreement on Textiles and Clothing, Cambodia-based textile produce |
| 2009 | From 2004 to 2007, the economy grew about 10% per year, driven largely by an expansion in the garment sector, construction, agriculture, and tourism. Growth dropped to below 7% in 2008 as a result of the global economic slowdown. With the January 2005 expiration of a WTO Agreement on Textiles and Clothing, Cambodian textile producers were forced to compete directly with lower-priced countries such as China, India, Vietnam, and Bangladesh. The garment industry currently employs more than 320,000 |
| 2010 | From 2004 to 2007, the economy grew about 10% per year, driven largely by an expansion in the garment sector, construction, agriculture, and tourism. GDP contracted 1.5% in 2009 as a result of the global economic slowdown, but climbed more than 4% in 1010, driven by renewed exports. With the January 2005 expiration of a WTO Agreement on Textiles and Clothing, Cambodian textile producers were forced to compete directly with lower-priced countries such as China, India, Vietnam, and Bangladesh. The |
| 2011 | From 2004 to 2007, the economy grew about 10% per year, driven largely by an expansion in the garment sector, construction, agriculture, and tourism. GDP contracted slightly in 2009 as a result of the global economic slowdown, but climbed more than 4% in 1010, driven by renewed exports. With the January 2005 expiration of a WTO Agreement on Textiles and Clothing, Cambodian textile producers were forced to compete directly with lower-priced countries such as China, India, Vietnam, and Bangladesh. |
| 2012 | Since 2004, garments, construction, agriculture, and tourism have driven Cambodia's growth. GDP climbed more than 6% per year between 2010 and 2012. The garment industry currently employs more than 335,000 people and accounts for more than 75% of Cambodia's total exports. In 2005, exploitable oil deposits were found beneath Cambodia's territorial waters, representing a potential revenue stream for the government, if commercial extraction becomes feasible. Mining also is attracting some investor |
| 2013 | Since 2004, garments, construction, agriculture, and tourism have driven Cambodia's growth. GDP climbed more than 6% per year between 2010 and 2012. The garment industry currently employs more about 400,000 people and accounts for about 70% of Cambodia's total exports. In 2005, exploitable oil deposits were found beneath Cambodia's territorial waters, representing a potential revenue stream for the government, if commercial extraction becomes feasible. Mining also is attracting some investor int |
| 2014 | Since 2004, garments, construction, agriculture, and tourism have driven Cambodia's growth. GDP climbed more than 7% per year between 2010 and 2013. The garment industry currently employs more about 400,000 people and accounts for about 70% of Cambodia's total exports. In 2005, exploitable oil deposits were found beneath Cambodia's territorial waters, representing a potential revenue stream for the government, if commercial extraction becomes feasible. Mining also is attracting some investor int |
| 2015 | Cambodia has experienced strong economic growth over the last decade. Cambodian GDP grew at an average annual rate of over 8% between 2000 and 2010 and over 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 constructi |
| 2016 | Cambodia has experienced strong economic growth over the last decade; GDP grew at an average annual rate of over 8% between 2000 and 2010 and at least 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. Touris |
| 2017 | Cambodia 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 h |
| 2018 | Cambodia 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 700,000 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 200,000 people in construction. Tourism |
| 2019 | Cambodia 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 700,000 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 200,000 people in construction. Tourism |
| 2020 | Cambodia 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 700,000 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 200,000 people in construction. Tourism |
| 2021 | Cambodia 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 700,000 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 200,000 people in construction. Tourism |
| 2022 | Cambodia 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 700,000 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 200,000 people in construction. Tourism |
| 2023 | one of the fastest growing Southeast Asian economies; rebounding tourism and clothing exports; substantial manufacturing and construction sectors; new trade agreements expanding agricultural markets; significant public debt; investing in new ports and roads |
| 2024 | one of the fastest growing Southeast Asian economies; rebounding tourism and clothing exports; substantial manufacturing and construction sectors; new trade agreements expanding agricultural markets; significant public debt; investing in new ports and roads |
| 2025 | one of the fastest growing Southeast Asian economies; rebounding tourism and clothing exports; substantial manufacturing and construction sectors; new trade agreements expanding agricultural markets; significant public debt; investing in new ports and roads |