The Kingdom of Cambodia is a highly agrarian country that is in the process of stabilizing and developing its economy. The country began its transformation from a planned to a liberal economy at the end of the 1980s, managing to accelerate its growth and reaching the status of low-middle income level according to the World Bank.
Cambodia exports a large part of its production to the United States, consisting mainly of clothing, clothing and shoes. In recent years, the tourism sector has also taken on great importance, but the agricultural industry continues to generate the largest contribution to the country's GDP (about a third), and employs more than 40% of its population. The country has begun to develop policies to attract foreign investment and free trade agreements to improve its business environment. Its low levels of taxes with respect to the region are also contributing to increase its attractiveness as an investment destination.
In terms of business relationships, it is essential to have a local partner in Cambodia, since personal relationships are key to the establishment and success of businesses in the country.
A curious fact: The official biographer of the former Cambodian monarch, Norodom Sihanouk, the Chilean Julio A. Jeldres . Chileans are everywhere.
GDP Growth rate:
Khmer (Official), French
Ta Khmau, Battambang
Cambodia is a LOW-MIDDLE income FRONTIER economy.
Frontier economy with a growing domestic consumer market
High sustained growth
Important tourist destination
Booming real estate market
High growth Sectors