According to the World Bank, the last decade was golden for Cambodian agriculture which grew at an average of 5.3% between 2004 and 2012 - one of the highest in the world. Yields increased for all crops by 4% during 2004-2012. Farm production expanded at a competitive price level allowing Cambodia to increase its agricultural exports and successfully compete with producers in Thailand, Vietnam and Myanmar.
The agriculture sector contribute to over 30% of the Kingdom’s GDP and provide the bulk of employment for its people. During this period, farm wages have doubled over the last decade, and are now better aligned with salaries in other sectors. The success of Cambodian agriculture helped four million people out of poverty. The poverty headcount dropped from 50% in 2007 to 18% in 2012.