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GibsonJack Offline



Beiträge: 7

08.03.2024 09:57
Economy of Cambodia Antworten

Cambodia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Cambodia may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Cambodia exports around $6.78 billion and imports roughly $8.9 billion. 0.2% of population in the country are unemployed. The total number of unemployed people in Cambodia is 32,491. In Cambodia, 17.7% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Cambodia is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 2.1% of GDP. The Gini Index of the country is 37.9. Cambodia is experiencing good equality. The majority of citizens in Cambodia fall within a narrow range of income, although some cases may show significant differences. Cambodia has a Human Development Index (HDI) of 0.584. Cambodia has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Cambodia is 2.179. The strength of legal rights index for Cambodia is 11. Overall, it is considered to be rather strong - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible.

Currency
The currency of Cambodia is Cambodian riel. The plural form of the word Cambodian riel is riels. The symbol used for this currency is ៛, and it is abbreviated as KHR. The Cambodian riel is divided into Sen; there are 100 in one riel.

Credit rating
The depth of credit information index for Cambodia is 5, which means that information is usually sufficient and quite accessible, although occasionally some necessary details may be lacking. According to the S&P credit-rating agency, Cambodia has a credit rating score of B, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Cambodia has a credit rating score of B2, and the prospects of this rating are stable.

Central bank
The prime lending rate of Cambodia's commercial banks is 12.6. In Cambodia, the institution that manages the state's currency, money supply, and interest rates is called National Bank of Cambodia. Locally, the central bank of Cambodia is called ធនាគារជាតិ នៃ កម្ពុជា. The average deposit interest rate offered by local banks in Cambodia is 1.4%.

Public debt
Cambodia has a government debt of 33.7% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information
The corporate tax in Cambodia is set at 20%. Personal income tax ranges from 0% to 20%, depending on your specific situation and income level. VAT in Cambodia is 10%.

Finances
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Cambodia is $50161 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Cambodia was last recorded at $3 million. PPP in Cambodia is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Cambodia is 15,250 billion. Based on this statistic, Cambodia is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Cambodia was last recorded at $1 million. The average citizen in Cambodia has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Cambodia averaged 7.2% in 2014. According to this percentage, Cambodia is currently experiencing significant growth.

https://www.confiduss.com/en/jurisdictions/cambodia/economy/

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