ABOUT CAMBODIA

28-About-Cambodia--Hires

Following more than two decades of strong economic growth, Cambodia has attained the lower-middle-income status as of 2015, with gross national income (GNI) per capita reaching US$1,070. The garment sector, construction, and services have been the main drivers of the economy. Growth is expected to remain strong in 2016, as recovering internal demand and dynamic garment exports slow growth in agriculture and easing construction and tourism activity. However, a lack of essential infrastructure is restraining its ability to sustain its full potential growth - and the ability of its people to participate in the globalized economy more competitively. The government has recognized information and communications technology (ICT) as a key missing piece in achieving a higher growth trajectory.

KEY FACTS AS AT 1 JULY 2016

Population:

15.827 million (growing 2.2% annually). Exceptionally youthful, with half of population under age 25

Largest City:

Phnom Penh, population 1.5 million

Political Stability:

Cambodia is one of the most politically stable country in ASEAN. The dominant Cambodian People’s Party has strengthened its majority in the last four successive general elections.

Economic Growth Drivers:

Garment manufacturing, tourism

  • Low labour costs: Roughly one-half those in China and less than one-third in Thailand
  • Foreign-investment friendly regime, with unrestricted capital flows

Rapid Growth of ICT:

32% annual growth in the sector during the last five years

Low Internet Penetration:

1.8 million users as at 11.1% of the population

Fixed (copper) subscriber lines in service:

Less than 600,000

Active mobile subscribers:

Approximately 21 million

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