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Cambodia has experienced a tremendous drop in poverty but there is a high chance of relapsing to poverty. Poverty rate in Cambodia dropped from 52.2 percent in 2004 to 20.5 percent in 2011. [8] However, most of the individuals only moved from a state of being poor to state of being vulnerable to becoming poor.
Image credits: my_country_corner For instance, just under half of those who live in a city (47%) would prefer staying there, while 30% would opt for a town or rural area and 22% a suburb.
Squatting is not an activity defined in Cambodian law. [1]: 468 In the Khmer language, "squatter" means an anarchist and "squatters settlements" literally translate as "places where anarchy and confusion reign" therefore officially squatters are referred to by different names, such as the "urban poor" or "temporary residents".
According to the Global Hunger Index, Cambodia currently ranks as the 32nd hungriest nation in the world out of the list of the 56 nations with the worst hunger situation(s) in the world. [37] Cambodia is a low-income economy, with two million people living in poverty, endemic government corruption and a poor record on human rights.
Image credits: Competitive_Bag3933 #2. Being poor is very expensive. For example, if you're unable to afford to pay a speeding ticket, it will accrue late fees, making it even harder to pay off.
Cambodia had a gross domestic product (GDP) of $28.54 billion in 2022. [18] Per capita income, although rapidly increasing, is low compared with most neighboring countries. Cambodia's two largest industries are textiles and tourism, while agricultural activities remain the main source of income for many Cambodians living in rural areas. [19]
In Cambodia, and in the regime of Hun Manet, it now has an “ironclad ally” beholden on its investment. Around 40% of Cambodia’s $10 billion foreign debt is owed to China.
For poor peasants, the corvée service (a tax substitute) of as many as ninety days a year on public works projects, was an onerous duty. According to Hou Yuon (a veteran of the communist movement who was murdered by the Khmer Rouge after they seized power in 1975), usury vied with taxes as the chief burden upon the peasantry.