i have been keeping track of countries growth national product ever since i took a statistic class which had us study about countries. ofcourse, i picked cambodia because its the country of my origin. anyways, in 2006, cambodia was like in 120's in overall wealth in the world. the ratings in 2007 have them in 81st place. thats a big jumped. not to mention the oil drilling hasn't even started yet. i believe their annual growth rate has been similiar to china and vietnam. vietnam also jump from the 80's to a ranking in the 37 place. talk about rise of the former communist states. cambodia might be able to eradicate poverty sooner then china or vietnam for the fact that they have a smaller population density. although, china will be the largest market in the world surpassing the united states and will have more of an economic impact on the world.

good for cambodia after so much suffering.

how much oil is cambodia expected to be able to produce? how much reserves you got?

Great news for Cambodia!



Oil reserves are estimated at about 700 million to 2 billion barrels and as high as 11 trillion cubic feet of gas. That's not much compared to other nations but considering how small Cambodia is as a country, that amount will generate a great deal of money for the economy.

can you give us the complete list?

great news, Cambodia is headed for great things, and in so little time.

Good new for the people of Cambodia...
I personally think you guys in Cambodia did a Great job, rising from the aftermath of the Khmer Rouge to jumping drastically in GDP.Good job guys

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)

here's the link. focus on the graph on the left side which is in ppp, purchasing power parity by the international monetary fund, which is actually more realistic in terms of standard of living.

122 to 81: 122 - 81 = 41.

41

But there are three lists... which one to trust?

So what will we rank in 2020??

Any educated guesses or some on-going pattern?

I would say the same or slightly lower, maybe ranked in the 50-60th place due to it's low population. Anyways, most of the countries that are in the lower end of the ranking spectrum are countries with the highest populations, such as China (2nd place) and India (3rd place), after the US of course.

that's very good observation. my prediction is around twenty years from now, cambodia should be where malaysia is right now. a very decent economy. and the thing with china and india is, they will be the most wealthiest nations in the world. although, that doesnt mean that everyone will have a high standard of living. not for another 30-60 years in my opinion. china even stated it, that they understand that their gdp might surpass the u.s. by 2015, but their average wage per person will not reach western standards until 2050 where the average worker will make about 1200-1400 per month which is decent. i mean, its a billion people. although, give them some credit, in the past 30 years since they started reforming, they have lifted 400 million people out of poverty.

the reason i picked malaysia is because thats probably the country most similar to cambodia in sheer size and structure. i've been to malaysia, cant complain from what i've seen. and haven't u noticed that the potential for growth is based on ones population. once a peak is reached growth seems to be very slow. maybe thats why the u.s. gives people with children tax relief and opens up their borders to immigration. because they understand that the larger their population, the more room for growth and they are they will be competing with three giants, in china, india and the european union. karl marx said it best, when he stated that the world's most valuable resource is human labor in an economists point of view.

I agree that labor is the most important part of an economy.

love your topic

Of course. You are looking at total GDP. More people > bigger sum (exept if they are far more poor). It is good to see how much power and influence a country has over others, but in order to see where citizens are richer, you'd better look at the GDP per capita. Sometimes it's better to have 1/20000 than 1/200000000 even if the secound sum is bigger.

exactly, this is the economic advantage that western europe and the english speaking societies have because these societies have been playing this modern day form of capitalism for the past three hundred years. although, there are few asian countries that have reached western standards of a developed economy which is pretty much an amazement. thats why westerners call countries like taiwan, the "taiwan miracle", i mean going from third world status to first world status in a matter of half a century. this is due to the fact that technology is much more efficient in modern times and that these asian countries have been able to take technological innovation to such a faster pace then their counterpart in the west. basically, the developed asian countries consists of japan, south korea, taiwan, hong kong, and singapore. countries, like thailand and malaysia are getting there themselves. china, vietnam, cambodia, indonesia, philipines, etc are making their moves, but china, vietnam, and cambodia are growing faster then anyone else in the world. its like discovering gold in california back in the 1800's.