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.
National product:
GDP - purchasing power equivalent - $6 billion (1993 est.)
National product real growth rate:
7.5% (1993 est.)
National product per capita:
$600 (1993 est.)
Inflation rate (consumer prices):
60% (1993 est.)
Unemployment rate:
NA%
Budget:
revenues:
$350 million
expenditures:
$350 million, including capital expenditures of $133 million (1994
est.)
Exports:
$70 million (f.o.b., 1992 est.)
commodities:
natural rubber, rice, pepper, raw timber
partners:
Thailand, Japan, India, Singapore, Malaysia, China, Vietnam
Imports:
$360 million (c.i.f., 1992 est.)
commodities:
international food aid; fuels, consumer goods, machinery
partners:
Japan, India, Singapore, Malaysia, Thailand, China, Vietnam
External debt:
total outstanding bilateral official debt to OECD members $248 million
(yearend 1991), plus 840 million ruble debt to former CEMA countries
Industrial production:
growth rate 15.6% (year NA); accounts for 10% of GDP
Electricity:
capacity:
35,000 kW
production:
70 million kWh
consumption per capita:
9 kWh (1990)
Industries:
rice milling, fishing, wood and wood products, rubber, cement, gem
mining
Agriculture:
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
Illicit drugs:
secondary transshipment country for hero