Cambodia

Cambodia: Quick Facts

Population16 million (2015)
GDP at PPP (current international dollars) 55 billion (2015)
GDP per capita at PPP (current international dollars)3,496 (2015)
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Cambodia: Quick Facts

Population16 million (2015)
GDP at PPP (current international dollars) 55 billion (2015)
GDP per capita at PPP (current international dollars)3,496 (2015)

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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

Thailand’s Sunny Bangchak Solar Farm

Technicians check the panel surface temperature at Thailand’s Sunny Bangchak Solar Farm, one of the largest solar plants in Southeast Asia. Photo: ADB.

Renewable Energy in the Greater Mekong Subregion: A Status Report

The Greater Mekong Subregion has significant potential to develop renewal energy, but it also faces major challenges, according to the publication Renewable Energy Developments and Potential in the Greater Mekong Subregion.

Articles

GMS Agriculture Working Group Finalizing Strategy on Agro-Based Value Chains

The focus will be on inclusiveness and impacting the small-scale farmers and micro and small agri-enterprises in GMS.

GMS Agriculture Working Group Finalizing Strategy on Agro-Based Value Chains

SIEM REAP, CAMBODIA (13 July 2017) — A senior level working group meeting is finalizing a 5-year strategy for promoting safe and environment-friendly agro-based value chains (2018-2022) for the Greater Mekong Subregion.

News Releases

ADB to Partner with Cambodia to Launch National Solar Park Program

The 100 megawatt solar power park program will be implemented in two phases, the first phase is around 30 MW to be followed by a second phase of 70 MW. Photo: ADB.

ADB to Partner with Cambodia to Launch National Solar Park Program

PHNOM PENH, CAMBODIA (27 June 2017) — The Asian Development Bank is supporting Electricite Du Cambodge in setting up a national solar park program to exploit Cambodia’s abundant solar resources through a transaction advisory agreement.

News Releases

The group visited a shoe factory at the Bavet Industrial Park. Photo: ADB Cambodia Resident Mission.

The group visited a shoe factory at the Bavet Industrial Park. Photo: ADB Cambodia Resident Mission.

Japan Ambassador, ADB Country Director Visit Bavet Industrial Park

Japan’s Ambassador to Cambodia Hidehisa Horinouchi and Asian Development Bank Country Director Samiuela Tukuafu recently joined Cambodia’s Minister Attached to the Prime Minister and Secretary General of the Council for the Development of Cambodia, Sok Chenda Sophea, on a visit to the Bavet Industrial Park near the border with Viet Nam.

Articles

Migrant and mobile populations in the Greater Mekong Subregion are often more exposed to malaria and out of reach of the health system. They can also spread the disease as they move within the region. Photo: ADB.

Migrant and mobile populations in the Greater Mekong Subregion are often more exposed to malaria and out of reach of the health system. They can also spread the disease as they move within the region. Photo: ADB.

Mosquitoes Know No Borders

Cambodia, the Lao People’s Democratic Republic, and Myanmar are on the frontlines of the global fight against malaria.

Articles