Overview

Overview

Cambodia has achieved impressive economic growth since the mid-1990s and has made significant progress in reducing national poverty. Cambodia is ranked 138 out of 185 countries on the UNDP 2013 Human Development Index. According to the World Bank, the poverty rate decreased from 53.2 percent in 2004 to 20.5 percent in 2011. However, a significant portion of the population remains ‘near poor’ as they are still at high risk of falling back into poverty at the slightest income shock. Thus, the impact of losing US$0.30 a day in income would double the poverty rate to 40 percent.

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