Cambodia: Asian Development Bank Member Fact Sheet 2018

Abstract

Over the past 20 years, Cambodia has achieved remarkable economic development, enjoying an average annual growth rate of 7.7%. This sustained economic progress saw the country attain middle-income status in July 2016. It also helped reduce Cambodia’s poverty rate from 47.8% in 2007 to 13.5% in 2014, although more than 70% of Cambodians still live on less than $3.20 a day.