In 1995, with a GDP of $2.92 billion the Cambodian government transformed the country's economic system from a planned economy to its present market-driven system. Following those changes, growth was estimated at a value of 7% while inflation dropped from 26% in 1994 to only 6% in 1995. Imports increased due to the influx of foreign aid, and exports, particularly from the country's garment industry, also increased. Although there was a constant economic growth, this growth translated to only about 0.71% for the ASEAN economy in 2016, compared with her neighbor Indonesia, which contributed 37.62%.Yonn, Royel. "The effects of Cambodia economy on ASEAN economic moving forward." Journal of Management, Economics, and Industrial Organization 1.2 (2017): 1-16.
In 1995, with a GDP of $2.92 billion the Cambodian government transformed the country's economic system from a planned economy to its present market-driven system. Following those changes, growth was estimated at a value of 7% while inflation dropped from 26% in 1994 to only 6% in 1995. Imports increased due to the influx of foreign aid, and exports, particularly from the country's garment industry, also increased. Although there was a constant economic growth, this growth translated to only about 0.71% for the ASEAN economy in 2016, compared with her neighbor Indonesia, which contributed 37.62%.Yonn, Royel. "The effects of Cambodia economy on ASEAN economic moving forward." Journal of Management, Economics, and Industrial Organization 1.2 (2017): 1-16.