Abstract
From 2012 to 2018, the annual GDP growth rate of Cambodia exceeded 7%, maintaining rapid development for 7 consecutive years, and it is one of the fastest economic growth rates among developing countries in Asia in recent years. The overall unemployment rate is low, the inflation is moderate and controllable, the trade deficit between import and export, the net inflow of foreign direct investment is increasing by years, and the foreign exchange reserve is growing steadily. In the future, the macro economy of Cambodia will continue to maintain a strong growth momentum.
Highlights
The kingdom of Cambodia is located on Indochina peninsula, bordering Thailand in the west and northwest, Laos in the northeast, and Vietnam in the east and southeast
Copper, iron, zinc, lead, sapphire, ruby and other mineral resources, especially in recent years, Cambodia has discovered a series of mineral deposits with considerable reserves[2]
This paper mainly analyzes the macroeconomic development of Cambodia in recent years from the aspects of economic growth, unemployment rate, price level, import and export trade, foreign investment, international balance of payments and so on
Summary
The kingdom of Cambodia is located on Indochina peninsula, bordering Thailand in the west and northwest, Laos in the northeast, and Vietnam in the east and southeast. The central part of Cambodia is a vast and rich plain, accounting for more than three quarters of the country. The government of Cambodia has implemented an open free market economy, carried out economic privatization and trade liberalization, and given priority to agriculture, processing industry, tourism, infrastructure construction and personnel training. The two sides have signed the china-cambodia agreement on cultural cooperation, the agreement on mutual exemption of visas for diplomatic and official passport holders and the memorandum of understanding on cooperation in the fields of cultural relics protection, tourism, police, sports, agriculture, water conservancy, construction and land and resources management. This paper mainly analyzes the macroeconomic development of Cambodia in recent years from the aspects of economic growth, unemployment rate, price level, import and export trade, foreign investment, international balance of payments and so on
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