INDUSTRY AT A GLANCE
- The Cambodian economy is projected to grow by 4.8 % in 2022, bringing the gross domestic product (GDP) to around $30.544 billion next year, and GDP per capita to USD 1,841 in 2022.
- Total healthcare expenditures account for approximately 6% of Cambodia’s GDP and is increasing in the country’s high-growth economy.
- In the Personal Care segment, the number of users is expected to 1,322.7 million users by 2025 and the average revenue per user (ARPU) is expected to amount to USD 246.76.
- Revenue in the Personal Care segment is projected to reach USD 222,960 million in 2021. Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 10.51%, resulting in a projected market volume of USD 332,561 million by 2025.
- Averaged age of total population in Cambodia (15.95 million) is 27 years old which is youngest in ASEAN while 74% of population is below age 34. More than 50% of Cambodians are teenagers lower 25 years old who are main target buyers of health, beauty and cosmetic products
Source: https://www.statista.com, https://www.pacificbridgemedical.com, Department of International Trade Promotion, Ministry of Commerce, Thailand
ABOUT CAMBODIA
GEOGRAPHY
Cambodia, officially known as the Kingdom of Cambodia and once known as the Khmer Empire, is a
country located in the southern portion of the Indochina Peninsula in Southeast Asia with the total area 181,035
square kilometers (69,898 square miles), bordered by Thailand to the northwest, Laos to the northeast, Vietnam to
the east, and the Gulf of Thailand to the southwest.
CLIMATE
Cambodia's climate, like that of the rest of Southeast Asia, is dominated by monsoons, which are
known as tropical wet and dry because of the distinctly marked seasonal differences. Cambodia has a temperature
range from 21 to 35 °C (69.8 to 95.0 °F)
POPULATION & RELIGION
Cambodia has a population of over 15 million. The official religion is Theravada
Buddhism, practiced by approximately 95 percent of the population. The country's minority groups include Vietnamese,
Chinese, Chams, and 30 hill tribes. Cambodia's birth rate is 25.4 per 1,000. Its population growth rate is 1.7%. 50%
of the Cambodian population is younger than 22 years old.
LANGUAGE
The Khmer language is a member of the Mon–Khmer subfamily of the Austroasiatic language group.
French, once the language of government in Indochina, is still spoken by many older Cambodians. French is also the
language of instruction in some schools and universities that are funded by the government of France. Cambodian
French, a remnant of the country's colonial past, is a dialect found in Cambodia and is sometimes used in
government, particularly in court. However, the increasing number of tourists from around the world has resulted in
the shift of language from French to English
CURRENCY
US dollars are as commonly used as the Cambodian Riel and even Thai Baht is acceptable in many
places. Most hotels and many restaurants and shops set their prices in dollars. Small transactions are usually done
in Riel. Always carry some small Riel for motorcycle taxis, snacks, beggars and other small purchases. Banknotes is
currently issued as 50, 100, 200, 500, 1000, 5000, 10,000, 50,000 and 100,000 riels.
BUSINESS HOURS
Banks mostly open from 8:00AM to 3:00PM or 4:00PM, Monday to Friday as the official date and
time. Some are opened on Saturday morning until 11:30AM. ATMs are available 24 hours. Business offices are started
from 8:00AM to 12.00PM and 2:00PM to 5:00PM from Monday to Saturday.
Source; BBC, Tourism of Cambodia, Wikipedia,
The information was last edited on 30 January 2018