A glance on Cambodia Population: 14.2 million (2006) Area: 18,1035 Km 2 GDP Per Capita (Nominal): 512 USD (2006) GDP Per Capita (PPP): 2,727 USD (2005) Inflation: 3.6 per cent (2002-2006 average) Adult Literacy Rate: 73.6 (2005) Life Expectancy: 58.0 (2005)
Basic Macroeconomic Data 200420052006 Saving-Investment Balance Gross national saving 15.615.819.5 Gross investment 17.720.121.5 General Government Budget Total revenue 10.3 11.5 Total expenditure 14.913.713.5 Balance of Payment Exports of goods 220.127.116.11 Imports of goods 64.165.668.8 External debt Outstanding Debt (%GDP) 38.533.931.0 Debt Service (Mn USD) 6869 (in percent of exports of good and service) 18.104.22.168
Characteristics of Cambodian Economies 1.Dollarized economy. 2.Aid-dependence. 3.Around 80 of population engages in agriculture and makes up about 40 per cent of GDP. 4.FDI-led growth: garment sector as growth engine. 5.Angkor Wat as tourism site. 6.Construction boom (in the last few years).
Garment: Fast Growing Industry 1.Employment: 400,000 jobs in total and absorb some 30,000 jobs per year. 2.Jobs in garment sector help alleviate poverty of workers and families. 3.Exports of garment products account for approximately 80 per cent of total export.
Opportunities 1.Oil Reserve (?) 2.FDI-led growth 3.Garment Sector as Growth Engine 4.Hydro-electric power plant (9 plants by 2019?) 5.Improvement in financial market
Challenges 1.Environmental Problems 2.Widening gap between the rich and the poor 3.Sky rocketing in real estate price recently land grabbing the poor becomes worse-off 4.National Program for Administrative Reform (NPAR): Civil Service Reform 5.Low domestic technological accumulation leads to slow technological absorption from outside.