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Monday, February 12, 2007

Political stability helping Cambodia's economy: UN Cambodia

CambodiaIn Depth

The United Nations says the economy in Cambodia grew by 9.5 per cent last year, attributing growth to political stability after three decades of civil war.

The economic performance followed a record 13.4 per cent growth in Cambodia's gross domestic product in 2005. The UN says apart from booming tourism and rising garment exports, political stability after three decades of civil war, including the Khmer Rouge's brutal rule in the 1970s, helped spur Cambodia's economy.

The Economic Institute of Cambodia estimated the country's gross domestic product at $US6.5 billion dollars last year.

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