|Key Statistics 2020|
|Nominal GDP||$25.29 billion|
|GDP per capita (PPP)||$1,512.7|
|Total Investment (2019)||13.52%|
|US Exports to Cambodia||$343.9 million|
|US Imports from Cambodia||$6,562.4 million|
The US-ASEAN Business Council is the most informed and effective connection available to U.S. companies interested in Cambodia. Through annual business mission to Phnom Penh as well as long-standing connections with Cambodian officials and thought-leaders, the Council supports the U.S. business presence in Cambodia and provides information and support to those looking to invest. The Council has helped work with Cambodia develop and implement key policy changes designed to attract foreign direct investment.
The US-Cambodia Committee is committed to facilitating an innovative and collaborative approach to supporting Cambodia’s development by helping strengthen its key markets and encouraging growth in other areas.
Cambodia was once home to the great Khmer Civilization based at Angkor, but is now working hard to recreate itself after a 20 th century filled with hardships, such as French and Japanese occupation, and the genocide of more than 1.5 million people and the destruction of its physical and intellectual infrastructure by the Khmer Rouge. Following a UN brokered reconciliation process, Cambodia held elections in 1993 under a new Constitutional Monarchy. The first elected Prime Minister was Norodom Ranaridh, with Hun Sen as second Prime Minister. Hun Sen took power in 1997, resulting in great internal strife until a 2004 compromise was brokered by King Norodom Sihanouk. He abdicated shortly therafter, and his son Norodom Sihamoni was named to the throne.
Cambodia’s economy experienced rapid growth in the mid 2000’s, driven by tourism and textile manufacturing. Individual Cambodians still largely support themselves through agriculture. The government relies heavily on foreign donors to meet its budget requirements.