Cambodia's territorial waters, representing a new revenue stream for the government if commercial extraction begins. Mining also is attracting significant investor interest, particularly in the northern parts of the country. The government has said opportunities exist for mining bauxite, gold, iron and gems. In 2006, a US-Cambodia bilateral Trade and Investment Framework Agreement (TIFA) was signed, and several rounds of discussions have been held since 2007. Rubber exports increased about 25% in 2009 due to rising global demand. The tourism industry has continued to grow rapidly, with foreign arrivals exceeding 2 million per year in 2007–08, however, economic troubles abroad dampened growth in 2009. The global financial crisis is weakening demand for Cambodian exports, and construction is declining due to a shortage of credit. The long-term development of the economy remains a daunting challenge. The Cambodian government is working with bilateral and multilateral donors, including the World Bank and IMF, to address the country's many pressing needs. The major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the poverty-ridden countryside, which suffers from an almost total lack of basic infrastructure.
GDP (purchasing power parity):
$29.46 billion (2010 est.) country comparison to the world: 110 $28.3 billion (2009 est.)
$28.73 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$11.36 billion (2010 est.)
GDP - real growth rate:
4.1% (2010 est.) country comparison to the world: 78 −1.5% (2009 est.)
5% (2008 est.)
GDP - per capita (PPP):
$2,000 (2010 est.) country comparison to the world: 188 $2,000 (2009 est.)
$2,100 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 29%
industry: 30%
services: 41% (2007 est.)
Labor force:
8 million (2009 est.) country comparison to the world: 56
Labor force - by occupation:
agriculture: 67.9%
industry: 12.7%
services: 19.5% (2009 est.)
Unemployment rate:
3.5% (2007 est.) country comparison to the world: 27 2.5% (2000 est.)
Population below poverty line:
31% (2007 est.)
Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 34.2% (2007)
Distribution of family income - Gini index:
43 (2007 est.) country comparison to the world: 49 40 (2004 est.)
Investment (gross fixed):
20.9% of GDP (2010 est.) country comparison to the world: 77
Inflation rate (consumer prices):
4.1% (2010 est.) country comparison to the world: 120 −0.7% (2009 est.)
Central bank discount rate:
NA% (31 December 2008) country comparison to the world: 83 5.25% (31 December 2007)
Commercial bank prime lending rate:
17% (31 December 2009) country comparison to the world: 40 16.01% (31 December 2008)
Stock of narrow money:
$850.7 million (31 December 2010 est) country comparison to the world: 142 $747.2 million (31 December 2009 est)
Stock of broad money:
$4.982 billion (31 December 2010 est.) country comparison to the world: 119 $3.899 billion (31 December 2009 est.)
Stock of domestic credit:
$2.195 billion (31 December 2010 est.) country comparison to the world: 123 $1.991 billion (31 December 2009 est.)
Market value of publicly traded shares:
$NA
Agriculture - products:
rice, rubber, corn, vegetables, cashews, tapioca, silk
Industries:
tourism, garments, construction, rice milling, fishing, wood and wood products, rubber, cement, gem mining, textiles
Industrial production growth rate:
4.5% (2010 est.) country comparison to the world: 72
Electricity - production:
1.273 billion kWh (2007 est.) country comparison to the world: 142
Electricity - consumption:
1.272 billion kWh (2007 est.) country comparison to the world: 143
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
167 million kWh (2007 est.)
Oil - production:
0 bbl/day (2009 est.) country comparison to the world: 199
Oil - consumption:
4,000 bbl/day (2009 est.) country comparison to the world: 175
Oil - exports:
0 bbl/day (2007 est.) country comparison to the world: 205
Oil - imports:
30,970 bbl/day (2007 est.) country comparison to the world: 97
Oil - proved reserves:
0 bbl (1 January 2010 est.) country comparison to the world: 195
Natural gas - production:
0 cu m (2008 est.) country comparison to the world: 189
