<hdr>The World Factbook 1994: Cambodia<nl>Economy</hdr><body>
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<item><hi format=bold>Overview:</hi> The Cambodian economy—virtually destroyed by decades of war—is slowly recovering. Government leaders are moving toward restoring fiscal and monetary discipline and have established good working relations with international financial institutions. Despite such positive developments, the reconstruction effort faces many tough challenges. Rural Cambodia, where 90% of almost ten million Khmer live, remains mired in poverty. The almost total lack of basic infrastructure in the countryside will hinder development and will contribute to a growing imbalance in growth between urban and rural areas over the near term. Moreover, the new government's lack of experience in administering economic and technical assistance programs, and rampant corruption among officials, will slow the growth of critical public sector investment. Inflation for 1993 as a whole was 60%, less than a quarter of the 1992 rate, and was declining during the year. The government hoped the rate would fall to 10% in early 1994.
<item><hi format=bold>National product:</hi> GDP—purchasing power equivalent— $6 billion (1993 est.)
<item><hi format=bold>National product real growth rate:</hi> 7.5% (1993 est.)
<item><hi format=bold>National product per capita:</hi> $600 (1993 est.)
<item>• <hi format=ital>revenues:</hi> $350 million
<item>• <hi format=ital>expenditures:</hi> $350 million, including capital expenditures of $133 million (1994 est.)
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<item><hi format=bold>Exports:</hi> $70 million (f.o.b., 1992 est.)
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<item>• <hi format=ital>commodities:</hi> natural rubber, rice, pepper, raw timber
<item>• <hi format=ital>partners:</hi> Thailand, Japan, India, Singapore, Malaysia, China, Vietnam
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<item><hi format=bold>Imports:</hi> $360 million (c.i.f., 1992 est.)
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<item>• <hi format=ital>commodities:</hi> international food aid; fuels, consumer goods, machinery
<item>• <hi format=ital>partners:</hi> Japan, India, Singapore, Malaysia, Thailand, China, Vietnam
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<item><hi format=bold>External debt:</hi> total outstanding bilateral official debt to OECD members $248 million (yearend 1991), plus 840 million ruble debt to former CEMA countries
<item><hi format=bold>Industrial production:</hi> growth rate 15.6% (year NA); accounts for 10% of GDP
<item><hi format=bold>Electricity:</hi>
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<item>• <hi format=ital>capacity:</hi> 35,000 kW
<item>• <hi format=ital>production:</hi> 70 million kWh
<item>• <hi format=ital>consumption per capita:</hi> 9 kWh (1990)
<item><hi format=bold>Agriculture:</hi> accounts for 50% of GDP; mainly subsistence farming except for rubber plantations; main crops—rice, rubber, corn; food shortages—rice, meat, vegetables, dairy products, sugar, flour
<item><hi format=bold>Illicit drugs:</hi> secondary transshipment country for heroin produced in the Golden Triangle
<item><hi format=bold>Economic aid:</hi>
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<item>• <hi format=ital>recipient:</hi> US commitments, including Ex-Im (FY70-89), $725 million; Western (non-US countries) (1970-89), $300 million; Communist countries (1970-89), $1.8 billion; donor countries and multilateral institutions pledged $880 million in assistance in 1992
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<item><hi format=bold>Currency:</hi> 1 new riel (CR)=100 sen
