How many factory workers are there in Cambodia?
GTF workers constitute almost 7 per cent of Cambodia’s total estimated population of 15.6 million people (2016 estimate), i.e. there are approximately one million GTF workers in Cambodia.
Is made in Cambodia better than China?
In 2018, Cambodia exported about $19.4 billion worth of goods. … Cambodia’s workforce is lower-skilled than China’s, its transport infrastructure is less developed, and it’s also not as easy to do business there. However, labor costs are significantly lower, with a minimum wage of $190 per month in 2020.
How many garment factory workers are there in Cambodia?
The garment sector in Cambodia employs approximately 600,000 people and up to 85% of workers are women. The vast majority of workers have moved from rural locations to take jobs in the city.
Is Cambodia a rich or poor country?
Cambodia – Poverty and wealth
Cambodia is currently one of the poorest countries in the world. Its per-capita income is only US$260. However, if adjusted for purchasing power parity (which takes into account the low prices for goods in Cambodia), its per-capita income jumps rather dramatically to US$1300.
What is Cambodia’s biggest export?
Cambodia’s exports are dominated by textile goods, which account for around 70 percent of total exports. Other export products include vehicles, footwear, natural rubber and fish. Cambodia’s main export partners are the United States, Hong Kong, Singapore, Canada, Germany and the UK.
What is the main industry in Cambodia?
Key industries include garment and light manufacturing, food and beverage processing, construction and real estate, tourism, as well as the emerging mining and exploration industry (see Extractive industries for detail of mining and exploration).
What religion is Cambodia?
Cambodia is predominantly Buddhist with 80% of the population being Theravada Buddhist, 1% Christian and the majority of the remaining population follow Islam, atheism, or animism. Buddhist nun at Angkor Wat, Siem Reap, Cambodia.
Why is Chinese labor so cheap?
Cheaper prices are due to a complex, national strategy of China to become the preeminent superpower of the 21st century. … Because labor is only one part of the total cost of a product, and in many cases it’s as low as 20% of the total cost.
Is manufacturing moving away from China?
Despite what surveys done in China suggest, the shift away of manufacturing is quite dramatic, and, in another five years, the manufacturing map of the world will look very different from what it does today. Surveys done by UBS globally suggest that 20-30% of manufacturing will be leaving China.