10 Least Developed Countries in Asia

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7. Cambodia

HDI Ranking: 5

GDP Per Capita Ranking: 9

Average Ranking: 7

Cambodia is located in Southeast Asia and is one of the least developed countries in Asia, due to its legacy of political unrest, corruption, disproportionate reliance on agriculture and poor infrastructure. 

As with any underdeveloped country with the right policies in place, Cambodia is rapidly growing, and had a consistent growth rate of 7% prior to the pandemic. Now that the pandemic shocks are fading away, Cambodia’s economic growth, mainly due to the blooming manufacturing sector, is projected to accelerate to 5.2% in 2023, as per the World Bank estimates.

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