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Cambodia's economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Cambodia ranked 97/197 by economy size with a GDP of $46.4B and 145/197 by GDP per capita at $2,628. Cambodia has $12.3B in government debt, with a debt-to-GDP ratio of 29.1%.

In 2025, Cambodia made up 0.04% of the world's economy, compared to 0.01% in 1975.

The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.

GDP, current $
GDP, constant 2015 $
GDP growth
Year GDP GDP growth
Current $ Constant $
1975 $749,129,748 $5,104,596,992 -
1976 $790,357,255 $5,104,596,992 5.5%
1977 $716,261,764 $4,355,425,545 -9.37%
1978 $766,642,356 $4,355,425,545 7.03%
1979 $723,738,503 $3,796,687,002 -5.6%
1980 $744,384,130 $3,581,475,362 2.85%
1981 $815,153,652 $3,582,947,066 9.51%
1982 $865,516,040 $3,582,947,066 6.18%
1983 $939,291,262 $3,741,793,667 8.52%
1984 $1,021,176,059 $3,926,341,896 8.72%
1985 $1,102,669,184 $4,109,709,289 7.98%
1986 $1,167,630,318 $4,265,911,860 5.89%
1987 $1,036,974,910 $5,184,427,494 -11.2%
1988 $1,662,877,859 $5,805,361,651 60.4%
1989 $1,353,137,648 $6,007,352,428 -18.6%
1990 $1,402,541,177 $6,077,176,597 3.65%
1991 $2,054,974,089 $6,538,513,179 46.5%
1992 $2,491,486,594 $6,997,355,850 21.2%
1993 $2,533,727,592 $7,284,133,440 1.7%
1994 $2,791,435,272 $4,748,625,743 10.2%
1995 $3,441,205,693 $5,218,904,416 23.3%
1996 $3,506,695,720 $5,526,689,597 1.9%
1997 $3,443,413,389 $5,748,123,107 -1.8%
1998 $3,120,425,503 $6,017,229,084 -9.38%
1999 $3,517,242,477 $6,781,740,973 12.7%
2000 $3,694,168,979 $7,459,479,705 5.03%
2001 $4,145,665,970 $8,010,713,671 12.2%
2002 $4,501,227,627 $8,512,590,715 8.58%
2003 $5,046,693,484 $9,387,998,415 12.1%
2004 $5,883,297,160 $10,275,886,654 16.6%
2005 $7,066,296,463 $11,642,922,160 20.1%
2006 $8,350,531,017 $12,917,049,054 18.2%
2007 $10,127,916,460 $14,260,222,988 21.3%
2008 $12,174,303,999 $15,326,369,460 20.2%
2009 $12,502,901,170 $15,950,885,069 2.7%
2010 $13,808,673,288 $16,760,698,493 10.4%
2011 $16,032,622,024 $17,981,993,294 16.1%
2012 $17,826,536,700 $19,357,661,919 11.2%
2013 $19,807,135,253 $20,878,690,157 11.1%
2014 $22,041,463,968 $22,549,052,337 11.3%
2015 $24,174,170,369 $24,174,170,369 9.68%
2016 $26,556,545,153 $26,085,259,688 9.86%
2017 $29,355,665,910 $28,191,654,622 10.5%
2018 $33,145,892,169 $30,665,817,314 12.9%
2019 $36,685,356,408 $33,099,747,943 10.7%
2020 $34,818,073,901 $31,922,812,945 -5.09%
2021 $36,790,163,687 $32,909,177,696 5.66%
2022 $39,994,532,960 $34,597,385,967 8.71%
2023 $42,335,646,896 $36,329,791,405 5.85%
2024 $46,352,647,035 $38,515,324,291 9.49%

Economic Statistics of Cambodia

Cambodia Rank
Gross domestic product
$46.4B
2024
97/197
GDP growth
9.49%
2023-2024
47/196
GDP per capita
$2,628
2024
145/197
GDP per capita, PPP
$7,970
2024
140/197
Government debt
$12.3B
2024
117/185
Debt-to-GDP ratio
29.1%
2025
160/185
Government debt per person
$700
2024
154/185
Average annual personal income after taxes
$2,518
2025
154/197
Government expenditure, % of GDP
17.9%
2025
172/195
Consumer prices inflation
1.6%
2024-2025
154/195
Unemployment rate
0.26%
2023
194/196
Population
18011232
73/197

Cambodia's GDP per capita

Cambodia has a GDP per capita of $2,628, ranking 145/197, a GDP per capita based on purchasing power parity (PPP) of $7,970, ranking 140/197, and a median annual after tax income of $2,518, ranking 154/197.

GDP per capita
GDP per capita, PPP
Year Current $
GDP per capita GDP per capita, PPP
1975 $113.8 -
1976 $128.8 -
1977 $126.4 -
1978 $147.1 -
1979 $142.2 -
1980 $143.2 -
1981 $154.3 -
1982 $159.2 -
1983 $166.7 -
1984 $174.7 -
1985 $182.4 -
1986 $185.8 -
1987 $158.1 -
1988 $244.1 -
1989 $191.3 -
1990 $190.2 $1,410
1991 $267.3 $1,504
1992 $307 $1,560
1993 $294.1 $1,565
1994 $302 $972
1995 $343 $1,006
1996 $325 $1,006
1997 $297.6 $994
1998 $258.8 $1,009
1999 $286.8 $1,134
2000 $296.4 $1,256
2001 $328 $1,357
2002 $350 $1,442
2003 $387 $1,598
2004 $444 $1,770
2005 $526 $2,038
2006 $612 $2,297
2007 $732 $2,566
2008 $866 $2,769
2009 $876 $2,854
2010 $952 $2,989
2011 $1,089 $3,223
2012 $1,193 $3,583
2013 $1,306 $3,891
2014 $1,432 $4,118
2015 $1,547 $4,434
2016 $1,675 $4,748
2017 $1,826 $5,050
2018 $2,037 $5,617
2019 $2,226 $6,154
2020 $2,082 $5,942
2021 $2,167 $6,226
2022 $2,325 $6,919
2023 $2,430 $7,431
2024 $2,628 $7,970

Cambodia's government spending, deficit, and chart

This chart shows Cambodia's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 30 years, Cambodia recorded a fiscal deficit in 26 years — average annual deficit equal to -2.62% of GDP. In 2024, government spending reached $8.22B (17.9% of GDP), with a deficit of -3.23%.

The national debt reached $12.3B, ranking 117th out of 185 countries by total size, with a debt-to-GDP ratio of 29.1%, ranking 160th.

Government spending
Government debt
Deficit/surplus
Year % of GDP
Government spending Government debt Government deficit/surplus
1996 15.7% 30.1% -7.53%
1997 12.4% 31.4% -3.7%
1998 13.4% 37.2% -5.35%
1999 13.8% 34.6% -3.79%
2000 14.9% 34.9% -4.76%
2001 14.5% 33.5% -4.95%
2002 16.1% 37.8% -6.07%
2003 14.5% 39.8% -5.69%
2004 12.6% 38.7% -3.23%
2005 11% 31.7% -0.34%
2006 11.3% 26.7% -0.15%
2007 12.3% 25.1% 0.62%
2008 13.1% 23% 0.43%
2009 17% 23.7% -3.98%
2010 17% 23.4% -3.09%
2011 16.5% 23.8% -3.76%
2012 17.1% 24.9% -3.57%
2013 16.4% 24.4% -2.01%
2014 16.5% 24.2% -1.24%
2015 14.5% 23.3% -0.65%
2016 15.2% 21.8% -0.29%
2017 16.2% 22.6% -0.76%
2018 16.1% 21.1% 0.28%
2019 17.6% 20.8% 2.19%
2020 20.3% 25.2% -2.53%
2021 21% 25.9% -5.18%
2022 18.4% 25% -0.29%
2023 18.7% 25.7% -2.77%
2024 17.7% 26.6% -3.1%
2025 17.9% 29.1% -3.23%

Inflation rate by year

Over the past 20 years, Cambodia has had an average annual inflation rate of 4.22%. In 2025, inflation was 1.6%. The bar chart below shows consumer price inflation by year.

Year Inflation
1987 -31.2%
1988 23%
1989 63.8%
1990 141.8%
1991 191%
1992 75%
1993 114.3%
1994 10.4%
1995 10.1%
1996 7.1%
1997 10.5%
1998 12.9%
1999 2%
2000 -0.8%
2001 -0.1%
2002 0%
2003 1%
2004 3.9%
2005 6.3%
2006 6.1%
2007 7.7%
2008 25%
2009 -0.7%
2010 4%
2011 5.5%
2012 2.9%
2013 2.9%
2014 3.9%
2015 1.2%
2016 3%
2017 2.9%
2018 2.4%
2019 2%
2020 2.9%
2021 2.9%
2022 5.3%
2023 2.1%
2024 0.9%
2025 1.6%

Balance of trade

Cambodia Rank
Current account balance
$228M
2024
62/189
Current account balance, % of GDP
+0.49%
2024
68/189
Goods imports
$31.2B
2024
66/188
Goods exports
$26.8B
2024
71/188
Service imports
$3.08B
2024
105/188
Service exports
$4.97B
2024
93/188
Imports of goods and services, % of GDP
72.1%
2024
28/180
Exports of goods and services, % of GDP
71.4%
2024
26/193

Cambodia's top 10 trading partners

Cambodia's biggest trading partner accounting for 28.1%% of all exports and imports is China, with a trade balance between the two of -$11.7B — Cambodia exports $1.75B worth of goods and services to China and imports $13.4B.

Below is the list of the top 10 trade partners of Cambodia.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $15.2B 28.1% $1.75B $13.4B Textiles & consumer goods Textiles & consumer goods
2 United States $10.2B 18.9% $9.93B $264M Textiles & consumer goods Processed food, beverages & tobacco
3 Vietnam $7.79B 14.4% $3.62B $4.17B Raw agricultural goods Raw materials & minerals
4 Thailand $4.29B 7.95% $845M $3.44B Raw agricultural goods Raw materials & minerals
5 Japan $2.16B 4% $1.41B $753M Textiles & consumer goods Machinery & equipment
6 Singapore $1.24B 2.3% $295M $944M Precious metals & jewellery Raw materials & minerals
7 Canada $1.17B 2.17% $1.11B $61.7M Textiles & consumer goods Precious metals & jewellery
8 Indonesia $1.1B 2.04% $94.7M $1.01B Machinery & equipment Raw materials & minerals
9 Germany $1.07B 1.99% $911M $161M Textiles & consumer goods Machinery & equipment
10 Spain $1.07B 1.98% $1.04B $25.1M Textiles & consumer goods Processed food, beverages & tobacco

Cambodia's top 10 exports

Cambodia Rank
Textiles & consumer goods $15.9B 21/193
Transport & tourism services $4.39B 74/188
Raw agricultural goods $3.58B 39/193
Machinery & equipment $2.64B 65/193
Raw materials & minerals $1.87B 94/193
Precious metals & jewellery $564M 75/190
Metals $522M 87/192
Processed food, beverages & tobacco $507M 104/192
Wood & paper products $491M 62/192
Chemicals & pharma $467M 89/193

Cambodia's top 10 imports

Cambodia Rank
Textiles & consumer goods $8.14B 40/193
Machinery & equipment $5.59B 84/193
Raw materials & minerals $5.12B 73/193
Metals $2.88B 66/193
Chemicals & pharma $2.73B 79/193
Transport & tourism services $2.42B 95/188
Processed food, beverages & tobacco $1.6B 80/193
Wood & paper products $1.08B 63/193
Animal & marine products $652M 77/193
Business & finance services $343M 122/188

Economic freedom indices

Cambodia Rank
Economic freedom 58.2 108/197
Property rights 41.7 118/182
Government integrity 17.6 118/182
Judicial effectiveness 22.7 118/182
Tax burden 89.8 32/181
Government spending 88.8 29/180
Fiscal health 86.6 51/181
Business freedom 61 107/182
Labor freedom 47.2 159/182
Monetary freedom 74.1 59/180
Trade freedom 69.2 103/181
Investment freedom 50 107/181
Financial freedom 50 73/181

Cambodia's economic freedom by year

Cambodia is ranked 96/180 for economic freedom with a score of 58.2, compared to 68/163 and a score of 60 in 2005.

Economic freedom
Judicial effectiveness
Tax burden
Government spending
Fiscal health
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
1997 52.8 - 91.7 91.8 -
1998 59.8 - 91.6 91.6 -
1999 59.9 - 91.6 92 -
2000 59.3 - 91.6 91.3 -
2001 59.6 - 91.6 94.1 -
2002 60.7 - 91.3 91.3 -
2003 63.7 - 91.3 92.5 -
2004 61.1 - 91.4 91 -
2005 60 - 91.3 90.4 -
2006 56.7 - 91.3 90.9 -
2007 55.9 - 91.4 93.3 -
2008 55.9 - 91.4 94.2 -
2009 56.6 - 91.4 94.5 -
2010 56.6 - 91 92.9 -
2011 57.9 - 90.9 94.2 -
2012 57.6 - 91.1 90 -
2013 58.5 - 90.9 88.4 -
2014 57.4 - 90.8 88.4 -
2015 57.5 - 90.5 87.5 -
2016 57.9 - 90.5 87.4 -
2017 59.5 22.1 90.2 88.1 95.7
2018 58.7 24.5 89.8 86.5 92.1
2019 57.8 27.6 89.7 85.9 89.1
2020 57.3 28.1 89.4 83.9 94.8
2021 57.3 23.2 89.1 84.3 98.3
2022 57.1 20.9 88.7 81.5 98
2023 56.5 14.5 87.9 78.7 90.1
2024 55.6 22 88.8 78.2 74.7
2025 58.2 22.7 89.8 88.8 86.6

More economic indicators

Cambodia Rank
Services, % of GDP
35.6%
2024
185/191
Industry, % of GDP
41.8%
2024
16/194
Agriculture, forestry, and fishing, % of GDP
16.6%
2024
47/193
GNI, Atlas method
$44.4B
2024
96/194
GNI per capita, PPP
$7,820
2024
135/191
Total reserves including gold
$22.5B
2024
58/177
Net foreign direct investment
-$4.22B
2024
159/188
Net inflows of foreign direct investment
$4.39B
2024
47/193
Net outflows of foreign direct investment
$172M
2024
76/187
Servicing debt to the IMF, % of GNI
5.94%
2023
38/119
Poverty at national poverty lines
17.7%
2012
113/176
Gross capital formation, % of GDP
32.2%
2024
25/176

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GDP per capita map

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.