Cambodia’s Digital Economy
Cambodia’s youthful demography and high internet penetration make it fertile ground for digital economy growth.
One of the youngest demographics in the region
A population of approximately 16 million, with a median age of 25 years.
Rapidly growing financial services sector
With 2.65 million debit cards in 2019, a figure that has doubled in five years with sufficient growth to come.
High mobile connection
Cambodia has one of the highest mobile penetration rates in the world, with 20.8 million mobile connections or 124 per cent of the population.
High smartphone penetration
10.7 million smartphones are connected to the internet. Data rates are one of the cheapest in the region at US$1 per 10GB. 4G and 3G coverage is 80 per cent and 85 per cent of the population, respectively.
Internet usage is highly social
By mid-2020, there were 10.8 million Facebook users.
Opportunity in MSME segment
Cambodia has approximately 500,000 micro, small and medium enterprises, of which 95 per cent are informal unregistered businesses. Only a small number of businesses practise appropriate bookkeeping: micro (0.02%), small (3.89%), medium (24.11%).