Cambodia

The Kingdom of Cambodia (for the various names of the country in Khmer, see naming section below) is a constitutional monarchy in Southeast Asia with a population of more than 13 million people. Most Cambodians are Therevada Buddhists of Khmer extraction. A citizen of Cambodia is usually identified as Cambodian. Most Cambodians are ethnically Khmer, but the country also has a substantial number of Cham and small hill tribes.

Economy

Main article: Economy of Cambodia

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Despite the recent progress, the Cambodian economy continues to suffer from the effects of decades of civil war and internal strife. The per capita income, is rapidly increasing, but is low compared with other countries in the region. Most rural households depend on agriculture and its related sub-sectors. Rice, fish, timber, garments and rubber are Cambodia's major exports, and the United States, Singapore, Japan, Thailand, Hong Kong, Indonesia and Malaysia are its major export partners.

Related Topics:
Civil war - Per capita income - Agriculture - Rice - Fish - Timber - Garments - Rubber - United States - Singapore - Japan - Thailand - Hong Kong - Indonesia - Malaysia

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The recovery of Cambodia's economy slowed dramatically in 1997-1998 due to the regional economic crisis, civil violence, and political infighting. Foreign investment and tourism also fell off drastically. Since then however, growth has been steady. 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 increasing from 219,000 in 1997 to 1,055,000 in 2004. During 2003 and 2004 the growth rate remained steady at 5.0%, while in 2004 inflation was at 1.7% and exports at $1.6 billion US dollars. As of 2004 GDP per Capita was $1900 USD, which ranked it 175th (out of 232) countries http://www.odci.gov/cia/publications/factbook/rankorder/2004rank.html.

Related Topics:
Regional economic crisis - Foreign investment - Tourism - Growth - 1997 - 2003 - 2004 - US dollars - GDP - USD

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The population lacks education and productive skills, particularly in the poverty-ridden countryside, which suffers from an almost total lack of basic infrastructure. Fear of renewed political instability and corruption within the government discourage foreign investment and delay foreign aid. The government is addressing these issues with assistance from bilateral and multilateral donors.

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