What is the average annual income in Cambodia 2024?
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Mia Johnson
Works at the Urban Garden Project, Lives in Los Angeles, CA.
As an expert in economic data analysis, I am well-versed in the intricacies of household income statistics. Understanding the average annual income in a country like Cambodia requires a multifaceted approach, taking into account various factors such as geographical location, economic sector contributions, and demographic nuances.
Cambodia, a Southeast Asian nation, has been experiencing gradual economic growth over the past few years. The average annual income is a significant indicator of the country's economic health and the standard of living of its citizens. It's important to note that average income can vary greatly depending on the region within the country, with urban areas typically exhibiting higher income levels compared to rural ones.
When examining the average annual income, it's crucial to differentiate between nominal and real values. Nominal income does not account for inflation, while real income is adjusted for it, providing a more accurate reflection of purchasing power over time. Additionally, it's beneficial to look at the income distribution to understand the economic disparity within the population.
The Cambodian economy is heavily influenced by agriculture, which is the primary source of livelihood for a large portion of the population. However, the services sector, particularly tourism, has been gaining momentum, contributing to the overall economic growth and potentially increasing average incomes in certain areas.
Investments in infrastructure and education can also play a role in elevating average incomes, as they can lead to better job opportunities and improved productivity. Moreover, foreign direct investment, particularly from neighboring countries like China, has been pouring into Cambodia, boosting various industries and potentially elevating the average income levels.
It's also worth considering the impact of remittances from Cambodian workers abroad. These inflows can significantly contribute to household incomes, particularly in rural areas where traditional income sources might be limited.
Now, turning to the specific data provided, it indicates that Cambodia's Annual Household Income per Capita reached 1,093.46 USD in December 2015, an increase from the previous year's figure of 983.77 USD in December 2014. This suggests a positive trend in terms of income growth. However, to provide a comprehensive answer, one would need to consider more recent data and additional factors mentioned earlier.
It's also essential to recognize that while average income figures can provide a snapshot, they may not fully capture the economic realities of all Cambodians. The median income, for instance, might offer a different perspective by indicating the middle of the income distribution.
In conclusion, to determine the average annual income in Cambodia, one must consider a variety of economic, social, and demographic factors. While the data suggests a growing trend in average income, a thorough analysis would require up-to-date figures and a deeper dive into the economic landscape of the country.
Cambodia, a Southeast Asian nation, has been experiencing gradual economic growth over the past few years. The average annual income is a significant indicator of the country's economic health and the standard of living of its citizens. It's important to note that average income can vary greatly depending on the region within the country, with urban areas typically exhibiting higher income levels compared to rural ones.
When examining the average annual income, it's crucial to differentiate between nominal and real values. Nominal income does not account for inflation, while real income is adjusted for it, providing a more accurate reflection of purchasing power over time. Additionally, it's beneficial to look at the income distribution to understand the economic disparity within the population.
The Cambodian economy is heavily influenced by agriculture, which is the primary source of livelihood for a large portion of the population. However, the services sector, particularly tourism, has been gaining momentum, contributing to the overall economic growth and potentially increasing average incomes in certain areas.
Investments in infrastructure and education can also play a role in elevating average incomes, as they can lead to better job opportunities and improved productivity. Moreover, foreign direct investment, particularly from neighboring countries like China, has been pouring into Cambodia, boosting various industries and potentially elevating the average income levels.
It's also worth considering the impact of remittances from Cambodian workers abroad. These inflows can significantly contribute to household incomes, particularly in rural areas where traditional income sources might be limited.
Now, turning to the specific data provided, it indicates that Cambodia's Annual Household Income per Capita reached 1,093.46 USD in December 2015, an increase from the previous year's figure of 983.77 USD in December 2014. This suggests a positive trend in terms of income growth. However, to provide a comprehensive answer, one would need to consider more recent data and additional factors mentioned earlier.
It's also essential to recognize that while average income figures can provide a snapshot, they may not fully capture the economic realities of all Cambodians. The median income, for instance, might offer a different perspective by indicating the middle of the income distribution.
In conclusion, to determine the average annual income in Cambodia, one must consider a variety of economic, social, and demographic factors. While the data suggests a growing trend in average income, a thorough analysis would require up-to-date figures and a deeper dive into the economic landscape of the country.
2024-06-02 10:46:25
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Studied at University of Texas at Austin, Lives in Austin, TX
Cambodia Household Income per Capita. Cambodia's Annual Household Income per Capita reached 1,093.46 USD in Dec 2015, compared with the previous value of 983.77 USD in Dec 2014.
2023-06-13 02:33:31
Ethan Roberts
QuesHub.com delivers expert answers and knowledge to you.
Cambodia Household Income per Capita. Cambodia's Annual Household Income per Capita reached 1,093.46 USD in Dec 2015, compared with the previous value of 983.77 USD in Dec 2014.
