Compare Cambodia (2007) - Cambodia (2008)

Compare Cambodia (2007) z Cambodia (2008)

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	Cambodia (2007)	Cambodia (2008)

Background	Most Cambodians consider themselves to be Khmers, descendants of the Angkor Empire that extended over much of Southeast Asia and reached its zenith between the 10th and 13th centuries. Attacks by the Thai and Cham (from present-day Vietnam) weakened the empire ushering in a long period of decline. The king placed the country under French protection in 1863. Cambodia became part of French Indochina in 1887. Following Japanese occupation in World War II, Cambodia gained full independence from France in 1953. In April 1975, after a five-year struggle, Communist Khmer Rouge forces captured Phnom Penh and evacuated all cities and towns. At least 1.5 million Cambodians died from execution, forced hardships, or starvation during the Khmer Rouge regime under POL POT. A December 1978 Vietnamese invasion drove the Khmer Rouge into the countryside, began a 10-year Vietnamese occupation, and touched off almost 13 years of civil war. The 1991 Paris Peace Accords mandated democratic elections and a ceasefire, which was not fully respected by the Khmer Rouge. UN-sponsored elections in 1993 helped restore some semblance of normalcy under a coalition government. Factional fighting in 1997 ended the first coalition government, but a second round of national elections in 1998 led to the formation of another coalition government and renewed political stability. The remaining elements of the Khmer Rouge surrendered in early 1999. Some of the remaining Khmer Rouge leaders are awaiting trial by a UN-sponsored tribunal for crimes against humanity. Elections in July 2003 were relatively peaceful, but it took one year of negotiations between contending political parties before a coalition government was formed.	Most Cambodians consider themselves to be Khmers, descendants of the Angkor Empire that extended over much of Southeast Asia and reached its zenith between the 10th and 13th centuries. Attacks by the Thai and Cham (from present-day Vietnam) weakened the empire, ushering in a long period of decline. The king placed the country under French protection in 1863 and it became part of French Indochina in 1887. Following Japanese occupation in World War II, Cambodia gained full independence from France in 1953. In April 1975, after a five-year struggle, Communist Khmer Rouge forces captured Phnom Penh and evacuated all cities and towns. At least 1.5 million Cambodians died from execution, forced hardships, or starvation during the Khmer Rouge regime under POL POT. A December 1978 Vietnamese invasion drove the Khmer Rouge into the countryside, began a 10-year Vietnamese occupation, and touched off almost 13 years of civil war. The 1991 Paris Peace Accords mandated democratic elections and a ceasefire, which was not fully respected by the Khmer Rouge. UN-sponsored elections in 1993 helped restore some semblance of normalcy under a coalition government. Factional fighting in 1997 ended the first coalition government, but a second round of national elections in 1998 led to the formation of another coalition government and renewed political stability. The remaining elements of the Khmer Rouge surrendered in early 1999. Some of the remaining Khmer Rouge leaders are awaiting trial by a UN-sponsored tribunal for crimes against humanity. Elections in July 2003 were relatively peaceful, but it took one year of negotiations between contending political parties before a coalition government was formed. In October 2004, King SIHANOUK abdicated the throne due to illness and his son, Prince Norodom SIHAMONI, was selected to succeed him. Local elections were held in Cambodia in April 2007, and there was little in the way of pre-election violence that preceded prior elections. National elections are scheduled for July 2008.
Budget	revenues: $836.2 million expenditures: $978.7 million (2006 est.)	revenues: $915.5 million expenditures: $1.101 billion (2007 est.)
Debt - external	$3.636 billion (2006 est.)	$3.98 billion (31 December 2007 est.)
Economic aid - recipient	$537.8 million pledged in grants and concession loans for 2005 by international donors (2005)	$698.2 million pledged in grants and concession loans for 2007 by international donors (2007)
Economy - overview	In 1999, the first full year of peace in 30 years, the government made progress on economic reforms. The US and Cambodia signed a Bilateral Textile Agreement, which gave Cambodia a guaranteed quota of US textile imports and established a bonus for improving working conditions and enforcing Cambodian labor laws and international labor standards in the industry. From 2001 to 2004, the economy grew at an average rate of 6.4%, driven largely by an expansion in the garment sector and tourism. With the January 2005 expiration of a WTO Agreement on Textiles and Clothing, Cambodia-based textile producers were forced to compete directly with lower-priced producing countries such as China and India. Better-than-expected garment sector performance led to more than 13% growth in 2006. Faced with the possibility that its vibrant garment industry, with more than 200,000 jobs, could be in serious danger, the Cambodian government has committed itself to a policy of continued support for high labor standards in an attempt to maintain favor with buyers. The tourism industry continues to grow rapidly, with foreign visitors surpassing 1 million per year beginning in 2005. In 2005, exploitable oil and natural gas deposits were found beneath Cambodia's territorial waters, representing a new revenue stream for the government once commercial extraction begins in the coming years. Mining also is attracting significant investor interest, particularly in the northeastern parts of the country. The long-term development of the economy remains a daunting challenge. The Cambodian government is working with bilateral and multilateral donors, including the World Bank and IMF, to address the country's many pressing needs. The major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance. More than 50% of the population is less than 21 years old. The population lacks education and productive skills, particularly in the poverty-ridden countryside, which suffers from an almost total lack of basic infrastructure.	From 2001 to 2004, the economy grew at an average rate of 6.4%, driven largely by an expansion in the garment sector and tourism. The US and Cambodia signed a Bilateral Textile Agreement, which gave Cambodia a guaranteed quota of US textile imports and established a bonus for improving working conditions and enforcing Cambodian labor laws and international labor standards in the industry. With the January 2005 expiration of a WTO Agreement on Textiles and Clothing, Cambodia-based textile producers were forced to compete directly with lower-priced producing countries such as China and India. Better-than-expected garment sector performance led to more than 8% growth in 2007. Its vibrant garment industry employs more than 350,000 people and contributes more than 70% of Cambodia's exports. The Cambodian government has committed itself to a policy supporting high labor standards in an attempt to maintain buyer interest. In 2005, exploitable oil and natural gas deposits were found beneath Cambodia's territorial waters, representing a new revenue stream for the government if commercial extraction begins. Mining also is attracting significant investor interest, particularly in the northeastern parts of the country, and the government has said opportunities exist for mining bauxite, gold, iron and gems. In 2006, a US-Cambodia bilateral Trade and Investment Framework Agreement (TIFA) was signed and the first round of discussions took place in early 2007. The tourism industry continues to grow rapidly, with foreign arrivals reaching 2 million in 2007. In 2007 the government signed a joint venture agreement with two companies to form a new national airline. The long-term development of the economy remains a daunting challenge. The Cambodian government is working with bilateral and multilateral donors, including the World Bank and IMF, to address the country's many pressing needs. The major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance. More than 50% of the population is less than 21 years old. The population lacks education and productive skills, particularly in the poverty-ridden countryside, which suffers from an almost total lack of basic infrastructure.
Exchange rates	riels per US dollar - 4,103 (2006), 4,092.5 (2005), 4,016.25 (2004), 3,973.33 (2003), 3,912.08 (2002)	riels per US dollar - 4,006 (2007), 4,103 (2006), 4,092.5 (2005), 4,016.25 (2004), 3,973.33 (2003)
Executive branch	chief of state: King Norodom SIHAMONI (since 29 October 2004) head of government: Prime Minister HUN SEN (since 14 January 1985); Deputy Prime Ministers SAR KHENG (since 3 February 1992); SOK AN, LU LAY SRENG, TEA BANH, HOR NAMHONG, NHEK BUNCHHAY (since 16 July 2004); KEV PUT REAKSMEI (since 24 October 2006), BIN CHHIN (since 5 September 2007) cabinet: Council of Ministers in theory appointed by the monarch; in practice named by the prime minister elections: none; the monarch is chosen by a Royal Throne Council; following legislative elections, a member of the majority party or majority coalition is named prime minister by the Chairman of the National Assembly and appointed by the king	chief of state: King Norodom SIHAMONI (since 29 October 2004) head of government: Prime Minister HUN SEN (since 14 January 1985) [co-prime minister from 1993 to 1997]; Deputy Prime Ministers SAR KHENG (since 3 February 1992); SOK AN, LU LAY SRENG, TEA BANH, HOR NAMHONG, NHEK BUNCHHAY (since 16 July 2004); KEV PUT REAKSMEI (since 24 October 2006), BIN CHHIN (since 5 September 2007) cabinet: Council of Ministers in theory appointed by the monarch; in practice named by the prime minister elections: none; the monarch is chosen by a Royal Throne Council; following legislative elections, a member of the majority party or majority coalition is named prime minister by the Chairman of the National Assembly and appointed by the king
Exports	NA bbl/day	0 bbl/day (2004)
Flag description	three horizontal bands of blue (top), red (double width), and blue with a white three-towered temple representing Angkor Wat outlined in black in the center of the red band; only national flag to incorporate an actual building in its design	three horizontal bands of blue (top), red (double width), and blue with a white three-towered temple representing Angkor Wat outlined in black in the center of the red band note: only national flag to incorporate an actual building in its design
GDP - composition by sector	agriculture: 35.1% industry: 26.2% services: 38.6% (2006 est.)	agriculture: 31% industry: 26% services: 43% (2007 est.)
GDP - real growth rate	10.5% (2006 est.)	9.1% (2007 est.)
Imports	NA bbl/day	3,585 bbl/day (2004)
Industrial production growth rate	22% (2002 est.)	12% (2007 est.)
Inflation rate (consumer prices)	4.7% (2006 est.)	4.4% (2007 est.)
International organization participation	ACCT, APT, ARF, AsDB, ASEAN, EAS, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (subscriber), ITU, MIGA, NAM, OIF, OPCW, PCA, UN, UNCTAD, UNESCO, UNIDO, UNMIS, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO	ACCT, ADB, APT, ARF, ASEAN, EAS, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ISO (subscriber), ITU, MIGA, NAM, OIF, OPCW, PCA, UN, UNCTAD, UNESCO, UNIDO, UNMIS, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
Military branches	Royal Cambodian Armed Forces: Royal Cambodian Army, Royal Khmer Navy, Royal Cambodian Air Force (2005)	Royal Cambodian Armed Forces: Royal Cambodian Army, Royal Khmer Navy, Royal Cambodian Air Force (2008)

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