Historical and Political Outlook of Cambodia

Kingdom of Cambodia

Capital City

Phnom Penh

Population

17,3 million

Area

181.035 km²

Head of State

King NORODOM Sihamoni

Prime Minister

HUN Manet

Minister of Foreign Affairs

SOK Chenda Sophea

Offical language

Khmer

Currency

Riel
(1 USD=4.110 Riel)

GDP

32.41 billion USD (2023)

Government Type

Constitutional Monarchy

Independence Day

9 November 1953

Parliament

consists of National Assembly (125 seats) and Senate (62 seats)

Ethnic Groups:

%90 Khmer, %10 Vietnamese, Chinese and other

Prominent International Organizations of which Cambodia is a member:

United Nations (UN)

United Nations Educational, Scientific and Cultural Organization (UNESCO)

United Nations Industrial Development Organization (UNIDO)

Association of Southeast Asian Nations (ASEAN)

Food and Agriculture Organization (FAO)

International Atomic Energy Agency (IAEA)

International Labor Organization (ILO)

International Organization for Migration (IOM)

International Maritime Organization (IMO)

International Monetary Fund (IMF)

World Health Organization (WHO)

World Trade Organization (WTO)

Inter-Parliamentary Union (IPU)

Conference on Cooperation among East Asian Countries for Palestinian Development (CEAPAD)

Historical and Political Outlook of Cambodia

Cambodia is located south of the Mekong Delta in Southeast Asia, where Indian and Chinese cultures intersect. Funan was the first state known to be established in the Cambodian geography between the 1st and 6th centuries AD. The Angkor Empire, which reigned between the 9th and 15th centuries, is historically considered the most influential state established in the Khmer geography.

Cambodia, which came under French rule in 1863, gained its independence in 1953.

Cambodia was completely isolated from the outer world during the Khmer Rouge regime between 1975 and 1979. As a result of the events that took place during this period, defined as genocide by Cambodia, one-fourth of the country's population (1.5-2 million people), especially the educated and minorities, lost their lives, and the country came to the point of economic, political and human destruction. The United Nations Transitional Authority in Cambodia (UNTAC) took over the administration of the country in 1992-1993. Following the Paris Peace Conference in 1991, the new constitution was approved in 1993, and a constitutional monarchy based on multi-party democracy was established, followed by the first democratic election.

King Norodom Sihamoni ascended to the throne in 2004. Last general elections were held in July 2023, with the ruling Cambodian People’s Party (CPP) winning 120 (of the 125) seats in the National Assembly with 82.3% of the votes nationwide. The pro-monarchy FUNCINPEC won 5 seats. A new government was formed on August 22, headed by Hun Manet, the son of former Prime Minister Hun Sen. Senate elections were held on February 25, 2024. The ruling CPP won representation in the Senate with 58 (62) members. Former Prime Minister Hun Sen was elected as Senate President.

Economic Outlook of Cambodia

GDP (billion USD)

32.41

Inflation (%)

5,2

GDP growth rate (%)

5,6

Unemployment rate (%)

0,7

Population (million)

17.3

Export (billion USD)

22.64

GDP per capita (USD)

1.917

Import (billion USD)

24.18

*2023 data (Source: Ministry of Economy and Finance of the Kingdom of Cambodia)

Major trading partners: USA, PRC, Vietnam, Japan, Tailand

Major export items: textiles, apparel, shoes, electrical machinery and components, rice.

Main import items: ready-made clothing intermediates, petroleum products, construction materials, machinery, motor vehicles, cosmetics and pharmaceuticals.

Cambodia became a member of the World Trade Organization in 2003 and has entered a rapid economic growth trend since 2004 (%7 average before the Covid-19 pandemic; %5.6 declared by the Government for 2023). Cambodia is still considered as a Least Developed Country.

The UN ECOSOC, in 2024, is expected to approve the decision of the Committee for Development Policy to graduate Cambodia from the LDC status and grant a five-year transition period in the UN General Assembly at the end of 2024. Cambodia aims to graduate from LDC status by 2030.