Cambodia's GDP per capita to hit 1,130 USD in 2014: PM

19 August 2014

Cambodia's GDP per capita is expected to reach 1,130 U.S. dollars this year, an estimated increase of 8% from 1,043 U.S. dollars last year.

The nation's poverty rate had fallen from 53% in 2004 to 19% in 2013, he said during a food security and nutrition conference. "Cambodia stands at number 5 among developing countries that can achieve the Millennium Development Goal earlier than the United Nations-imposed 2015 target." The prime minister added that the Southeast Asian nation set its long-term vision to become an upper-middle-income country in 2030 and a high-income country in 2050. An upper-middle- income nation is defined by the GDP per capita between 4,036 U.S. dollars and 12,475 U.S. dollars, while a high-income country is determined by the GDP per capita of 12,476 U.S. dollars.

Source:

http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235977