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Economy of Cambodia

Economy of CambodiaThe Cambodian economy grew at a rate of 10% between 2004 and 2007. This was mainly driven by industries such as garment, tourism construction and agriculture. Due to the global economic crisis GDP dropped to below 7% growth in 2008, and stayed just in the positive in 2009, 0.1 percent, while the growth in 2010 is expected to be around 5 percent.

Clothing, timber, rubber, rice, fish, tobacco, and footwear are the main exports; petroleum products, cigarettes, gold, construction materials, machinery, motor vehicles, and pharmaceuticals are the main imports. The chief trade partners are the United States, Hong Kong, China, and France.

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Cambodian Currency

Change money at the markets in CambodiaThe official currency of Cambodia is the riel. However, US dollars are widely used and accepted. In Battambang and other areas near the Thai border, the Thai baht is also accepted.

The exchange rate is roughly 4000 riel to one dollar, although the last couple of months the rate has gone up a bit, reaching 4200 riel to the dollar. Many businesses still use the 4000 riel exchange rate, as it’s easier.

Hotels, guesthouses, and other larger businesses will quote their prices in dollars. Smaller shops and market stalls quote prices in riel.

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Kingdom of Wonder

Cambodia Kingdom of Wonder logoCambodia is promoting itself as The Kingdom of Wonder using different logo’s.

The one to the left is for promoting the Angkor Temples. There are also logo’s targeting other attractions of Cambodia: beaches, cuisine, culture, ecotourism, nature, and wildlife.

Several promotion spots have been made, to be honest some better than others.

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