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Cambodia's Economic Overview 2016

Cambodia has a market economy where most economic decisions are made by private individuals rather than the government. Key indicators about Cambodia's economy include: 1) GDP of $20.02 billion in 2016, which is growing but still small compared to other nations. 2) Unemployment rate of only 0.2% in 2016, much lower than most other countries. 3) GDP growth rate of 6.9% in 2016, showing the economy is expanding. GDP per capita in Cambodia was $1,269.91 in 2016, much lower than the United States' $57,466.79, reflecting Cambodia's less developed economy.

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98 views1 page

Cambodia's Economic Overview 2016

Cambodia has a market economy where most economic decisions are made by private individuals rather than the government. Key indicators about Cambodia's economy include: 1) GDP of $20.02 billion in 2016, which is growing but still small compared to other nations. 2) Unemployment rate of only 0.2% in 2016, much lower than most other countries. 3) GDP growth rate of 6.9% in 2016, showing the economy is expanding. GDP per capita in Cambodia was $1,269.91 in 2016, much lower than the United States' $57,466.79, reflecting Cambodia's less developed economy.

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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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What is the country that you are researching?

Cambodia
The economic system of Cambodia is an open market system (Market Economy). The market
Write a brief summary of the economic system of the country: Identify and
economy system has more economic freedom. Most decisions are made by private individuals
explain the type of economic system.
and firms. The people determine how the economy runs, not the government.
GDP 20.02 Billion (2016)
Unemployment Rate .2% (2016)
Growth Rate 6.9% (2016)

Cambodia’s GDP is small compared to some countries (18.57 trillion for the United States in
Select three key economic indicators such as poverty rates, labor distribution,
2016) but has become much stronger over the years. In 1960 Cambodia’s GDP was 637.1
use of resources, etc. and analyze what this information says about the country,
million so the country’s GDP trend for a healthier economy is on the rise. Cambodia’s
how does it compare to other countries, change over time, etc.
unemployment rate is very low compared to most other countries, for example in 2016 the
United States’ unemployment rate was 4.9%. Cambodia’s low unemployment rate indicates an
improving economy. The growth rate for Cambodia shows the country is in the expansion
phase of the business cycle. The US growth rate in 2016 was 1.6% indicating it is a highly
industrialized country unlike Cambodia.
Identify the GDP - per capita for the country. GDP per capita Cambodia 1,269.91 (2016)
GDP per capita United States 57,466.79 (2016)

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