Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - $1 billion reserves

$1 billion reserves

Cambodia's foreign currency reserves have exceeded $1 billion - a nine-times increase

since 1994 - because of sustained economic growth, Prime Minister Hun Sen said on

February 27. He also said Cambodia's annual per capita income rose to $500 last year,

and attributed both factors to reforms implemented by the government.

The Cambodian economy, fueled largely by the garment industry, has grown on average

9.5 percent a year since 1999, according to statistics. Last year's growth was 10.4

percent, lower than the 13.5 percent in 2005 but still one of the highest rates in

Asia.

0

Comments

Please, login or register to post a comment

Latest Video

Explore the durian and rubber farms of Kampong Cham

Take a drive north of Kampong Cham, past the dirt roads and the dense greenery.

Kem Sokha talks politics, power and Hun Sen

Kem Sokha, leader of the Cambodia National Rescue Party, sat down with The Post’s Alex Willemyns and Mech Dara to discuss his supporters’ initial disappointment with this year’s

NEC officials tally votes during a recount last week in Phnom Penh.

Cambodia’s National Election Committee last week rejected 33 of 61 complaints filed over the conduct of June 4’s commune election, according to a s

People search for their names on the voter lists at a polling station in Kampong Cham’s Veal Vong commune earlier this month.

Four years ago, when the opposition snatched Kampong Cham away from the ruling party in 2013 national elections, it hinted at a deeper shift taking