Phnom Penh (FN), Jan. 7 – Peace, security, and political stability bring about gold opportunity unprecedented to Cambodia to score great and proud achievements of socio-economic development in the last two decades, Cambodian Prime Minister Hun Sen addressed to approximately 70,000 Cambodian People’s Party (CPP) members and supporters gathered Monday at the Phnom Penh’s Olympic Stadium to celebrate the 40th anniversary of the Kingdom’s liberation from Khmer Rouge regime on 7 January 1979.
According to the Strongman Hun Sen, Cambodia ranked as the sixth fastest growing economy in the world as it realized an average growth of over 7% per annum through high and uninterrupted progresses in industry, manufacturing, construction, agriculture, service, tourism, real estates, communications, and transports.
GDP has increased from US$3.6 billion in 2000 with an average per capita income from US$288 to roughly US$24.6 billion and an average per capita income to US$1,560 in 2018 respectively.
Poverty rate has lowered from about 53% in 2004 to roughly 13.5% in 2014 and is expected to lower to around 10% in the present.
“From being insulted, embargoed, and isolated, politically and economically, Cambodia has now become an independent state with full sovereignty and territorial integrity,” the Premier stated.
He added that “Cambodia is integrating actively into regional and global structures and architectures with equal rights in every regional and world affair.”
Once a country receiving UN peacekeeping force, Cambodia has now become a country that sends it troops to serve under the UN peacekeeping missions in many countries.
Once a backward country, economically plagued by poverty and food shortages, Cambodia has now become a country that exports rice, guaranteed food security, and is among countries with high economic growth in the world.