Cambodia

Cambodia's economic growth has been among the world’s fastest during the past quarter century, driven by garment manufacturing, tourism, rice production, and construction. In 2015, the nation achieved lower middle-income status, and has now set its sights on attaining upper-middle income status by 2030. Cambodia has made significant progress in reducing poverty and achieving many other Millennium Development Goals. The country is also very active in GMS cooperation. National development priorities include ensuring stable, sustainable, and equitable economic growth; increasing employment opportunities; improving governance; and reducing poverty further. Although many challenges remain, the country’s development trajectory holds much promise for the future.


Quick Facts

Population 16.64 million (2022)
Average Annual Population Growth Rate 1.4% (2017-2022)
GDP at PPP (current international dollars) 89.70 billion (2022)
Annual Growth Rate of GDP (%) 5.2 (2022)
GDP per capita at PPP (current international dollars) 5,349 (2022)

Sources: ADB Basic Statistics 2023, World Development Indicators (accessed July 2023)



Agriculture

The high-performing agriculture sector of Cambodia has helped lift millions of people out of poverty during the past 2 decades. Higher yields, diversification, and increased farm wages have helped greatly. Although rice continues to be the most important crop, greater emphasis on vegetables, cassava, and maize are proving to be profitable. The country has benefited from agricultural investments and farming knowledge provided by its GMS partners. As agriculture remains central to Cambodia’s development strategy, the priorities include building farmers’ skills, increasing irrigation, and investing more in aquaculture and livestock. The country is also aiming to become a bigger global exporter of rice.

Energy

Cambodia has significantly increased its electricity generation in recent years by building new hydropower and coal-fired plants. However, the country still relies heavily on electricity imports from the Lao PDR, Thailand, and Viet Nam. The proportion of the population without electricity has rapidly decreased this past decade, but still remains high. Government targets include ensuring that all households have access to some form of electricity by 2020, and to grid-quality electricity by 2030. The country is also looking to increase the proportion of hydropower in the domestic energy production mix.

Environment

Cambodia is a biodiversity hot spot, rich in species and ecosystem diversity. Tonle Sap is the largest freshwater lake in Southeast Asia, supporting incredibly productive and diverse fisheries. The country’s environment includes a high proportion of natural forest, including the rain forest of the Cardamom Mountains—one of the region’s most species-rich habitats. In recent years, Cambodia has increased its efforts to prevent forest and biodiversity loss by banning economic land concessions and adding 1.4 million hectares of “biodiversity corridors” to its already extensive protected land areas. The country is also close to finalizing a comprehensive national strategy for guiding environmental sustainability efforts until 2023.

Human Resource Development and Health

Human resource development is essential for achieving Cambodia’s goal of attaining upper-middle income status by 2030. Primary education is now nearly universal, and efforts are under way to improve vocational training and higher education as a means of accelerating industrialization. Cambodia has also strengthened its health system in recent years, resulting in significant improvements in the health of women and children. The country is looking to further expand its health coverage, and is working with its GMS partners to eradicate malaria and to more effectively manage emerging diseases.

Information and Communication Technology

ICT has played an increasing important role in the impressive progress of Cambodia’s development over the past decade. Today, the vast majority of people in the country use mobile phones; and internet access continues to grow rapidly, with a quarter of the population now “online,” up from only 3% in 2011. A government priority is to continue enhancing the ICT sector, and efforts are under way to improve the country’s telecommunications infrastructure, including the extension of coverage to remote communities. Other goals include scaling up ICT use in education and stimulating more private sector investment.

Tourism

Millions of tourists visit Cambodia each year to experience the country’s rich cultural and natural heritage. Angkor Wat and Phnom Penh continue to be the main tourist destinations, while the coastal areas and the unique Tonle Sap Lake are growing in popularity. In 2016, international tourist arrivals reached 5 million for the first time, twice as many as in 2010. Cambodia is working closely with other GMS countries to promote sustainable tourism as a means of achieving inclusive economic growth and poverty reduction.

Transport

Cambodia has made important strides toward improving its transport infrastructure in recent decades. New and better roads, seaports, and airports are helping to drive trade and socioeconomic development. The country’s main national roads have been significantly improved, and road linkages with GMS neighbors greatly enhanced. But more remains to be done. With support from its GMS partners, Cambodia needs to reinvigorate its railways to create a more efficient transport system, and to build stronger linkages with neighbors such as Thailand and Viet Nam. Other priorities include upgrading rural roads and furthering subregional connectivity by strengthening the road networks along the GMS Southern Economic Corridor.

Transport and Trade Facilitation

Cambodia’s growing trade with its GMS partners—especially the PRC, Thailand, and Viet Nam—has helped the country achieve impressive economic growth in recent years. Two-thirds of Cambodia’s imports are from GMS countries (including petroleum and fabrics), and a large portion of Cambodia’s exports go to GMS countries (including agricultural products, garments, and timber). Working with its GMS neighbors, Cambodia is upgrading bilateral agreements to enhance cross-border transport and trade, including agreements to increase the exchange of traffic rights. In addition, the country now has automated customs-clearance systems, and is further developing paperless trade.

Urban Development

Although nearly 80% of Cambodians live in rural areas—the highest proportion in the GMS—the country’s urban centers are growing fast. Phnom Penh’s population has tripled since the turn of the century, and many towns in the Tonle Sap lowlands are also burgeoning. Tourism and trade are boosting growth in the port city of Sihanoukville, Siem Reap, and other towns. Cambodia is now looking to improve the streets, waste management facilities, and flood control systems in its urban centers.


GMS Program Officials and Contacts in Cambodia

  • ROS Seilava (Mr)
    National Coordinator Secretary of State, Ministry of Economy and Finance
  • SUON Sophal (Mr)
    Director Department of Public Relations and Promotion of Private Investment Council for the Development of Cambodia

Greater Mekong Subregion: 25 Years of Partnership

ADB and Cambodia: Fact Sheet




Photo by Dennis Sylvester Hurd via Flickr (CC BY 2.0)

Cambodia and Lao PDR Report Continuous Drop in COVID-19 Cases in April Amid Festivities

Cambodia and the Lao People’s Democratic Republic have reported a steady drop in average COVID-19 cases per day in April 2022, according to a report on “Vaccination Rates, Effectiveness, and Safety” by the Asian Development Bank (ADB). In Cambodia, the average COVID-19 cases per day dropped from 164 to 18.4, and deaths decreased from 1 to 0.06, marking a fall in case fatality rate from 0.43% to 0.35%. In Lao PDR, daily infection rates declined steadily, averaging at 986 for April 2022 from 1102 in March 2022, while average deaths per day plateaued between 1 to 3.


Fisherwoman in Stung Sangke river, Battambang province. Photo by Eric Sales/ADB. 

Proposed ADB Project to Help Boost Cambodia’s Fisheries and Tourism Sectors

A proposed Asian Development Bank (ADB) project will help finance two standard ports that will boost the fisheries and tourism sectors of Cambodia’s Kep province.  

A report by the Khmer Times shared provincial officials and ADB are working to establish the ports’ locations, according to Mr. Vao Sokha, Kep Deputy Governor.  


Night scene in downtown Ho Chi Minh City, Viet Nam. Taken in 2019. Photo by Gerhard Joren/ADB.

Cambodia, Lao PDR, and Viet Nam Consider Plans to Revitalize Tourism

Cambodia, Lao PDR, and Viet Nam (CLV) are looking to revitalize tourism in the CLV subregion, and held a meeting on 4 May to discuss implementing the Tourism Development Plan for the Development Triangle Region (2020-2025) and Vision 2030. The working group plans to promote tourism in the triangle region through exhibitions, videos, logos and brands, with a focus on digital advertising. 


Lao PDR Foreign Minister Saleumxay Kommasith and Cambodia Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation Prak Sokhonn. Photo by Lao PDR Foreign Ministry

Electricity Trade Boosts Cambodia-Lao PDR Bilateral Trade

Electricity trade between Cambodia and the Lao People’s Democratic Republic raised the annual value of bilateral trade to more than $100 million in 2020 from a previous value of $10 million-$20 million. This was noted by Cambodia Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation Prak Sokhonn and Lao Foreign Affairs Minister Saleumxay Kommasith in their meeting on 16 February. Mr. Kommasith was in Phnom Penh, Cambodia, from 15-17 February 2022 to attend the ASEAN Foreign Ministers’ Retreat.  



 A cruise ship in Ha Long Bay, Viet Nam. Photo by Bryan Lippincott (CC BY-ND 2.0)

ASEAN Tourism Ministers Make Plans to Gradually Reopen ASEAN Tourism    

The 25th Meeting of ASEAN Tourism Ministers held on 19 January 2022 in Sihanoukville, Cambodia, exchanged views on the way forward for the recovery of the region’s tourism industry. Bearing the theme “ASEAN – A Community of Peace and Shared Future,” the Meeting discussed the impact of COVID-19 on each ASEAN member state and emphasized the development of the tourism sector amid the coronavirus disease (COVID-19) pandemic. 

 

Decline in Tourist Growth 


Waterfall in Phnom Kulen, Siem Reap, Cambodia. Photo by Kim Seng (CC BY-NC-ND 2.0)

Ecotourism to be Developed in Cambodia's Siem Reap, Kampong Speu, and Koh Kong Provinces

The Government of Cambodia’s Ministry of Environment plans to develop and establish ecotourism in protected areas of Siem Reap, Kampong Speu, and Koh Kong provinces under the “Cambodia Sustainable Landscape and Ecotourism Project.” 

Areas that will potentially be developed include the Preah Jayavarman-Norodom National Park “Phnom Kulen”; the Oral Mountain Wildlife Sanctuary and the Central Cardamom Mountain National Park; and the Tatai and Peam Krasop Wildlife Sanctuaries. 


$95 Million ADB Loan to Help Cambodia Purchase Safe and Effective COVID-19 Vaccines

$95 Million ADB Loan to Help Cambodia Purchase Safe and Effective COVID-19 Vaccines

The Asian Development Bank (ADB) has approved a $95 million loan to help the Cambodian government vaccinate Cambodians against the coronavirus disease (COVID-19) from 2022 to 2023, including annual booster shots for those already vaccinated and primary doses for children under 5.