Cambodia Country Guide

Economy

 
 
The two pillars of Cambodia's newly stable economy are textiles and tourism. The tourism industry has grown rapidly with over 1.7 million visitors arriving in 2006, 2.0 million in 2007 and 3.6 million in 2012. However, the long-term development of the economy after decades of war remains a daunting challenge, as the population lacks education and productive skills, particularly in the poverty-ridden countryside, which suffers from an almost total lack of basic infrastructure. Though, per capita income is gradually rising, it is still low by Southeast Asian standards at USD2,470 (PPP) in 2011.
 
 
 
 
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More than 60% of the population still gets by on subsistence farming. The government is addressing these issues with assistance from bilateral and multilateral international donors. New construction of roads, irrigation and agriculture are invested to bring up the rural areas. Government keeps constructing roads and other infrastructure, though traffic is limited.  Hydroelectric opportunities do attract foreign investors and clandestine timber exploitation still goes on, particularly where new roads are being built. Major exports from Cambodia include timber, garments, rice, rubber and fish.

Street in Phnom Penh by Tbachner

The National Bank of Cambodia is the country's central bank and also responsible for increasing foreign investment into Cambodia. To attract investments, the country offers an investor-friendly climate to foreign businesses. There are no exchange controls as well as repatriation of profits, low corporate tax of only 20% and generous tax holidays. Foreign companies are also allowed to buy land in Cambodia. Currently, China is the country's largest source of foreign direct investment and financial assistance. 

Nightlife in Siem Reap by antwerpenR

Tourism is Cambodia's second-largest source of hard currency after textile. Main visitors are from Vietnam, South Korea, China, Laos, Thailand, Japan, United States, France, Australia, Malaysia, United Kingdom and Russia. Many visitors arrive directly by air into Siem Reap and Phnom Penh. Other popular destinations include the upcoming beach resort at Sihanoukville, historical sites at Angkor Archaeological Park including Angkor Wat, hill station at Bokor National Park and the water villages of Tonle Sap. 
 
Cambodia
Country Guide

Cambodia Hotels
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Banlung
Battambang
Kampong Cham
Kampot
Kep
Koh Kong
Kratie
Phnom Penh
Poipet
Ratanakiri
Siem Reap
Sihanoukville
Sisophon

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