According to World Bank statistics, Cambodia’s economy is spearheading the economic boom in the region with an average GDP growth rate of eight per cent between 1998 and 2018, making it one of the fastest-growing economies worldwide. As a result, Cambodia reached a lower-middle-income status in 2015 and the government aspires to attain upper-middle-income status by 2030.
All these statistics paint the picture of a booming economy ready to take on the powerhouses of the region and startups will play a key role in the transformation.
However, these macro indicators only represent the economy as a whole. Therefore, we will need to explore deeper if the anticipated tech boom can be supported by Cambodians.