Cambodia’s GDP per capita to cross $1,000

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Hun Sen
Cambodia’s Prime Minister Hun Sen

Cambodia’s GDP per capita was projected to hit $1,036 in 2013, up from nearly $1,000 in 2012, Prime Minister Hun Sen said on September 21-.

The country will move from the status of a low-income to a lower-middle income nation “in the near future,” he said in a message on the 11th International Day of Peace.

Lower middle income countries are defined by the GDP per capita between $1,036 and $4,085, according to the World Bank’s classifications.

Cambodia’s economy was expected to grow by 7.6 per cent in equivalent to $15.19 billion in 2013, and the poverty rate would drop to 19 per cent this year from 20 per cent last year, the prime minister  added.

The country’s economic growth is mainly reliant on garment exports, tourism, agriculture and construction. Cambodia has been in a political deadlock since the July 28 elections due to disputes over election results.

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Reading Time: 1 minute

Cambodia’s Prime Minister Hun Sen

Cambodia’s GDP per capita was projected to hit $1,036 in 2013, up from nearly $1,000 in 2012, Prime Minister Hun Sen said on September 21-.

Reading Time: 1 minute

Hun Sen
Cambodia’s Prime Minister Hun Sen

Cambodia’s GDP per capita was projected to hit $1,036 in 2013, up from nearly $1,000 in 2012, Prime Minister Hun Sen said on September 21-.

The country will move from the status of a low-income to a lower-middle income nation “in the near future,” he said in a message on the 11th International Day of Peace.

Lower middle income countries are defined by the GDP per capita between $1,036 and $4,085, according to the World Bank’s classifications.

Cambodia’s economy was expected to grow by 7.6 per cent in equivalent to $15.19 billion in 2013, and the poverty rate would drop to 19 per cent this year from 20 per cent last year, the prime minister  added.

The country’s economic growth is mainly reliant on garment exports, tourism, agriculture and construction. Cambodia has been in a political deadlock since the July 28 elections due to disputes over election results.

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