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

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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[caption id="attachment_15722" align="alignleft" width="300"] Cambodia's Prime Minister Hun Sen[/caption] 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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