Cambodia

  • Although Cambodia has the second lowest per capita GDP in ASEAN at US$1,000, it's economy has grown by an average of 7% since 2011 and we anticipate it to grow by at least that amount in 2016. Cambodia’s international competitiveness is largely reliant on garment manufacturing, which accounts for 80% of the country’s exports. Garment factories, primarily Chinese owned, employ 700,000 workers in Cambodia. It also boasts a competitive tourism sector and immense natural gas and oil resources that have been largely untapped.
    Cambodia's recent political history has been marred with social unrest and political instability as the country's labor groups and increasingly popular opposition party, the Cambodia National Rescue Party (CNRP), have forced Prime Minister Hun Sen and his Cambodia's People's Party (CPP) to concede some power. After nearly a year of dangerous political brinkmanship, the two sides agreed upon a political truce in July 2014. However, by mid-2015 the culture of dialogue has almost completely evaporated. Political instability appears to be returning to Cambodia as the two parties look toward local elections in 2017 and national elections in 2018.
  • Price of 1 US$ in Cambodian Riel: 4,064.6230 10.9443 (0.27%) 10.9443 (0.27%)
    As of 3:42 PM EST 2/10/2017

    Interactive Currency Exchange Rate Chart Generated by Bloomberg.com External Link

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