Cambodia’s ministry of economy and finance recently projected the country’s gross domestic product (GDP) per capita to hit $2,071 next year—up from some $1,917 this year—and the economy to grow at 6.6 per cent—up from around 5.6 per cent this year.
The country targets an upper middle-income status by 2030 and a high-income status by 2050, Prime Minister Hun Manet recently told a gathering of garment workers in Phnom Penh.
The poverty rate had dropped from 33.8 per cent in 2009 to 17.8 per cent in 2019, with almost 2 million Cambodians escaping poverty, the prime minister was quoted as saying by a news agency.
