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 Sen

Minister of Foreign Affairs:

PRAK Sokhonn

Offical language: Khmer

Currency: Riel

(1 USD=4.110 Riel)

GDP: 30,37 billion USD (2022)

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)

Historical and Political Outlook of Cambodia

The first human settlements in the region of present-day Cambodia dates back to 2000 B.C. The Funan Kingdom is the first Southeast Asian civilization, located in Cambodia between 1-6 A.C.

The Angkor Empire, which ruled most of the lands of Southeast Asia, including today's Cambodia, between the 9th and 15th centuries, historically stands out as the most prominent ancient Khmer state, founded in the present-day Cambodia territories.

The dissolution of the Angkor Empire in 1432 brought a politically unstable period to the region. During the said period, as locally ruling administrations were established, Vietnamese and Siamese (Thai) ethnic groups struggled for dominance over the region.

Cambodia, which was placed under French protection in 1863, gained its independence in 1953.

The recent political history of Cambodia was shaped by the developments in neighboring Thailand and Vietnam, in addition to the destruction caused by the Khmer Rouge regime, which ruled Cambodia between 1975-1979.

Internal turmoil in the country continued in the 1980s. As a result of the negotiations carried out by the United Nations (UN), a transitional authority was established in 1991 under the UN mandate.

Named the "Kingdom of Cambodia" in 1993, the country has been governed by a constitutional monarchy since then. Current King Norodom Sihamoni acceded to the throne in 2004.

In the latest general elections, held in July 2018, the ruling Cambodia People's Party (CPP) won all the seats in the National Assembly, with 77.36% of the nationwide vote. The next general elections will be held on 23 July 2023.

Economic Outlook of Cambodia

GDP (billion USD)

30,37

Inflation (%)

7,85

GDP growth rate (%)

4,8

Unemployment rate (%)

3,00

Population (million)

17,3

Export (billion USD)

15,6

GDP per capita (USD)

1.842,00

Import (billion USD)

19,1

*2022 data (Source: Ministry of Economy and Finance of the Kingdom of Cambodia)

Major trading partners: USA, Singapore, PRC, Japan, Germany

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 attained a rapid economic growth trend since 2004. Thanks to the garment, construction and tourism sectors, Cambodia’s economy grew at an average annual rate of 7 percent in the last 15 years, before Covid-19. The World Bank predicts that the Cambodian economy will be one of the fastest-growing economies in South East Asia in the upcoming period.

In 2015, Cambodia had an attempt to reach lower-middle-income countries group from the Least Developed Countries group; yet did not meet the required criteria.