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Cambodia has experienced a tremendous drop in poverty but there is a high chance of relapsing to poverty. Poverty rate in Cambodia dropped from 52.2 percent in 2004 to 20.5 percent in 2011. [8] However, most of the individuals only moved from a state of being poor to state of being vulnerable to becoming poor.
Cambodia had a gross domestic product (GDP) of $28.54 billion in 2022. [18] Per capita income, although rapidly increasing, is low compared with most neighboring countries. Cambodia's two largest industries are textiles and tourism, while agricultural activities remain the main source of income for many Cambodians living in rural areas. [19]
Definitions of the poverty line vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations. Even among rich nations, the standards differ greatly. Thus, the numbers are not comparable among countries. Even when nations do use the same method, some issues may remain. [10]
Heavily indebted poor countries – IMF and World Bank classification for special eligibility; Human Development Index – Composite statistic of life expectancy, education, and income indices; Human Poverty Index – Former indication of the poverty of community in a country; List of countries by GDP (PPP) per capita
In Cambodia, and in the regime of Hun Manet, it now has an “ironclad ally” beholden on its investment. Around 40% of Cambodia’s $10 billion foreign debt is owed to China.
It looks like a ranch house my poor friend lived in in the '90s with new cabinets and grey walls." Meanwhile, the equity on some of these homes just keeps growing. "My 60k home in 2011 is now ...
An in-depth study by The Centre for Advanced Studies [6] was done in four poor communities of Phnom Penh Cambodia which resulted in the conclusion that more specifically, a females lack of general education is the leading cause to low levels of health systems being utilized by women. Due to a woman lacking education, they lack the knowledge ...
The World Bank Group is the globe’s most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.