Over much of the last two decades, Cambodia’s economy has grown at an impressive average rate of nearly 8%, one of the fastest-growing economies in the world. Significant advances were made in reducing poverty and improving health and education.
Yet, looking behind the averages, social and economic disparities persist, and in some instances, disparities widened during the Covid-19 pandemic.
The World Bank estimates that about 18% of the population live below the poverty line of US$2.70 per person per day. The Global Inequality Index 2020 ranks Cambodia eighth out of the 10 ASEAN member states, and 111th out of the 158 studied countries.