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The Economy of Cambodia

Cambodia at a Glance

Cambodia is a fast-growing Southeast Asian economy built on garments, tourism, construction and agriculture, rebuilding after decades of war and genocide.

Cambodia has around 17 million people and has been one of Asia’s fastest-growing economies since the 1990s.

Structure

Garments and footwear dominate exports; tourism, construction and farming are also important.

Currency

The US dollar is widely used alongside the riel.

Constraints

Narrow export base, low skills and reliance on a few markets.

A dollar economy

Prices at markets are often quoted in US dollars, with riel used for small change.

Assuming Cambodia is only about Angkor Wat

Garments and construction are big too.

Key takeaways
  • Cambodia has grown fast.
  • Garments dominate exports.
  • Dollars circulate widely.
  • The export base is narrow.
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