Cambodia is regarded as one of the most successful post-conflict developing countries – transforming from a war-torn country to a liberal market economy with a high degree of economic openness and high economic performance.
In 2016, Cambodia’s total export volume was $9.2 billion – accounting for 46.3 percent of GDP. Total import volume reached $12.8 billion – accounting for 64.2 percent of GDP. These figures clearly demonstrate that Cambodia’s economy is well connected to the global economy.
So maintaining an open and robust international economic system benefits Cambodia.
The Asian Development Bank (ADB) calls Cambodia “Asia’s New Tiger” after two decades of high economic performance with a GDP average growth rate of above seven percent.
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