Yuanta

Cambodia is 49th World’s most connected nation

Cambodia moved up four spots to 49 out of 169 countries in a ranking of the world’s most connected nations last year, a study conducted by Germany-based logistics firm DHL said. Last week, DHL released the fifth edition of its Global Connectedness Index (GCI) – a detailed analysis of globalization, measured by international flows of trade, capital, information and people – illustrating the size of a country’s international flows relative to its domestic activity. Cambodia’s overall ranking in the 2015 edition was 53rd. According to the GCI 2018 report, the top 10 countries ranked by their shares of Cambodia’s international flows are – China (17 per cent), Thailand (17 per cent), Vietnam (11 per cent), the US (nine per cent), South Korea (four per cent), Japan (four per cent), Singapore (four per cent), the UK (three per cent), Laos (three per cent) and France (three per cent). Cambodia is one among four other countries – Malaysia, Mozambique, Singapore and Vietnam – where their international flows most exceeded expectations in the GCI 2018 report. Cambodia’s depth rank, which refers to international flows relative to total activity, has risen sharply over the past decade, reaching 27th place in the GCI 2018 report from 46th in 2008. Cambodia Freight Forwarders Association (Camffa) president Sin Chanthy on Monday said the Kingdom has seen advances in transportation and telecommunications systems which have helped to facilitate increased and improved international flows. Chanthy continued that he expects international trade, capital, information, and people flows will only further increase from their current levels. (Source: Phnom Penh Post)

 

Economy & Industry

20th February 2019

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