Growth and Development in Cambodia I A Level and IB Economics

In this growth and development profile, we look at Cambodia which over the last two decades has been one of the fastest-growing countries in the world and the South East Asian region.

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Cambodia is located in Southeast Asia, bordering Laos, Thailand, and Vietnam. It has a young population of around 16 million people, which is expected to increase by more than 1 million by 2020.

Cambodia has undergone a significant transition, reaching lower middle-income status in 2015 and aspiring to attain upper middle-income status by 2030. Globally, in the period 1990 to 2017 Cambodia has the 8th fastest rate of HDI growth which suggests that it is turning some of the benefits of growth into extreme poverty reduction and improved education and health outcomes.

Two major achievements are a reduction in poverty (47.8% in 2007 to 13.5% in 2014) and a fall in measured inequality (Gini from 40 in 1997 to 28 in 2012 before rising again to 32 in 2017).