Cambodia  

Quick Facts

Population 16 million (2016)
GDP at PPP (current international dollars) 59 billion (2016)
GDP per capita at PPP (current international dollars) 5,921 (2016)

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Cambodia has made major advances in agriculture through increased productivity, and the diversification and commercialization of key crops. Cambodia has stimulated the growth of competitive farms and rural enterprises, connected rural areas to markets, and created more jobs. Other agriculture projects include the building of sustainable rural infrastructure, such as irrigation systems, and promoting productivity, competitiveness, and climate change resilience.

Cambodia is also working to provide an adequate supply of energy throughout the country at an affordable price. This is designed to bring the economic benefits of a reliable energy supply to people in rural areas, while at the same time encouraging investment, and building the national economy. In coordination with its GMS partners, Cambodia is exploring sustainable options for the exploration and development of its energy resources, while at the same time taking a leadership role in green growth initiatives.

Cambodia has one of the world’s most spectacular environments. With rich diversity in species and ecosystems, Cambodia’s forests, wetlands and coastlines are among the best preserved in Asia. Cambodians have recognized this environmental treasure, and are working to better manage rapid economic growth with sustainable environmental practices. This includes protecting vital water resources, such as Cambodia’s great lake – the Tonle Sap – and working to control floods that particularly hurt the poor and vulnerable.

Like other GMS countries, Cambodia needs to develop its human resources in order to sustain economic growth, create more jobs, and further reduce poverty. With the support of its partners, Cambodia is working to educate and train its people to be globally competitive. The country has seen an increase in overall student enrolment, an improved curriculum, and a greater focus on vocational training and career orientation. There has been a particular focus the training of health professionals, and the protection of Cambodian workers migrating to nearby countries.

The number of fixed and mobile telecommunications users is rapidly expanding in Cambodia, as is Internet usage. The government has worked, in coordination with its GMS partners, to improve the policy and regulatory environment for telecommunications. With cross-border connections to Thailand, Lao PDR, and Viet Nam, Cambodians are becoming increasingly connected to their GMS neighbors. This has spurred economic activity, and greater access to global and regional knowledge resources.

Tourism in Cambodia has skyrocketed in recent years, with visitors – many from neighboring GMS countries – touring ancient Khmer sites, such as Angkor Wat. In addition to the lively capital of Phnom Penh, visitors are exploring the picturesque Tonle Sap Lake, the majestic Mekong River, the unspoiled Cardamom Mountains, and the alluring southern coasts near Sihanoukville. The country is working with its GMS partners to develop a sustainable tourism sector that reduces poverty and protects natural resources and culture. Projects are underway to develop human resources that serve the tourism sector, and build tourist-related infrastructure.

Cambodia is encouraging trade and investment by working to develop a strong private sector that supports both small enterprises and large corporations. The country also recognizes the importance of microfinance for the poor. Cambodia is working to strengthen the regulatory regime governing financial institutions and promote private sector involvement in regional integration. Cambodia’s fast-growing economy still needs more modern financial infrastructure, including effective bank and insurance regulations.

In the area of transport, Cambodia has benefited from the development of the Southern Economic Corridor: a package of diverse investments along three major subregional routes – one cutting across northern Cambodia including Siem Reap, another running along the western coast, and the third a modern highway that links Phnom Penh, Bangkok and Ho Chi Minh City. These vital thoroughfares have spurred economic growth in communities all along the corridors, and beyond. Cambodia is also working to upgrade its national highway system, particularly roads that link rural areas to cities. The country’s airports and rail system have also been improved, and are slated for further upgrades.

ADB and Cambodia: Fact Sheet

8th ACMECS Summit on 16 June 2018 in Bangkok, Thailand

Thailand was the host of the 8th ACMECS Summit, which was attended by (from left) Myanmar President U Win Myint, Viet Nam Prime Minister Nguyen Xuan Phuc, Thailand Prime Minister Prayut Chan-o-cha, Cambodia Prime Minister Hun Sen, Lao People's Democratic Republic Prime Minister Thongloun Sisoulith and ASEAN Secretary-General Lim Jock Hoi. Photo courtesy of the Ministry of Foreign Affairs, Thailand.

ADB Confirms Support to ACMECS

Asian Development Bank President Takehiko Nakao reaffirmed ADB's support to the Ayeyawady-Chao Phraya Mekong Economic Cooperation Strategy in a video message shown at the 8th ACMECS Summit on 16 June in Bangkok.

Articles

There is a need to strengthen health systems to prevent and manage climate-sensitive diseases, particularly among the most vulnerable groups such as the poor, the elderly, women, and children. Photo: ADB.

Mekong Countries Strengthen Health Resilience to Climate Change

Climate change poses threats to public health in the Greater Mekong Subregion, which is already experiencing hotter weather, longer dry seasons, and changing rainfall patterns.

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Policies to support ease of doing business will boost entrepreneurship, deepen the integration of local businesses in the manufacturing sector, and create more and better jobs in Cambodia. Photo: ADB.

ADB Forecasts Robust Growth for Cambodia, Sees Risks to Competitiveness

PHNOM PENH, CAMBODIA (11 April 2018) — Cambodia’s economy is expected to grow at 7% in 2018 and 2019, bolstered by solid global economic growth, according to the Asian Development Bank's flagship annual economic publication, Asian Development Outlook 2018, released today.

News Releases

The climate-friendly agribusiness value chains project will enhance the resilience and productivity of target crops, make production and post-harvest infrastructure climate-resilient, and promote the use of solar and bioenergy. Photo: ADB.

Green Climate Fund to Support Agribusiness Value Chains Project in Cambodia

The Asian Development Bank (ADB) has secured funding from the Green Climate Fund (GCF) for its climate change project in Cambodia.

Articles