January 24, 2012

Cambodian per capita GDP likely to reach 1,000 USD in 2013: PM


PHNOM PENH, Jan. 24 -- Cambodian Prime Minister Hun Sen said Tuesday that the country's per capita GDP is expected to reach 1,000 U.S. dollars in 2013 from merely 830 U.S. dollars at the end of 2010.

In the medium term, the country's economic growth is expected to be at least 6 percent annually and the poverty rate will decline at least one percent a year, he said in a meeting with 26 Cambodian ambassadors and eight consuls general to foreign countries.

By the end of 2010, Cambodia's poverty rate stood at 25.8 percent, according to the government statistics.

The country's GDP growth in 2011 was estimated at 6.4 percent ( equivalent to 12.02 billion U.S. dollars), Cambodia's Finance Minister Keat Chhon said last month.

The main sectors driving economic growth are garment industry, tourism, agriculture and construction.

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