Essay Cambodias Economy

Topics: Cambodia, Phnom Penh, Norodom Sihanouk Pages: 3 (1026 words) Published: May 5, 2013
1. Introduction of Cambodia
The Kingdom of Cambodia is a country in southeast Asia. The country is located on the Gulf of Thailand, between Thailand, Laos and Vietnam. The capital is called Phnom Penh and is located in the southern part of the country. The landscape is characterized by a central plain that is partly surrounded by mountains. In the part of the plain in western Cambodia, there is the Tonle Sap Lake. The Mekong flows through the east. It is one of the ten longest rivers in the world.

Cambodia has originated from the kingdom of Kambuja, which prospered from the 9th to 15th Century. After the independence from the colonial power France on 9th November 1953, the country was faced with decades of civil war. Many inhabitants died and the economy was hardly damaged. Furthermore, the Vietnam War and the dictatorship of the Khmer Rouge from 1975 to 1979 brought the country economic decline.

Cambodia now has about 15 million inhabitants, of which 95% are Buddhists. The head of state is the King Norodom Sihamoni, who was crowned on 29/10/2004 and governs the country, which is divided into 24 provinces and 1,621 municipalities.

2. Economy

Cambodia has an average income of 801 USD (2010) per head and is a part of the group of Least Developed Countries (LDCs). Although considerable efforts to reform and massive support from industrialized countries, the basis of the economy of Cambodia is weak. It mainly consists of agriculture. With a population growth of 1.8% per year, the average growth of per head income was about 11% in the last four years. Cambodia is member of ASEAN, which is an association of southeastern Nations of Asia, to improve the cooperation between their economies, politics and social aspects. As you can see in the diagram below, Cambodia generates only 1% of the total GDP (Gross domestic product) of ASEAN. In the HDI ranking (United Nations Human Development Index 2012), Cambodia is ranked on place 138 of 186. Nearly 3 million...
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