Cambodia's job market is rapidly evolving, with increasing opportunities in various sectors. If you're considering a career in Cambodia or want to understand the salary landscape, it’s crucial to be aware of the average salary in Cambodia and the trends that influence wages across different industries.

Average Wage in Cambodia: A Snapshot for 2024

As of 2024, the average salary in Cambodia has seen significant growth, driven by the country’s steady economic progress. According to the Cambodia salary guide 2024, the average wage varies depending on the sector, job role, and level of experience. For instance, tech and finance industries offer some of the highest salaries, while sectors like hospitality may offer more moderate wages.

• Average wages by industry in Cambodia: Technology, finance, and engineering are among the sectors offering competitive salaries, whereas industries like agriculture and tourism generally offer lower wage scales.
• Minimum wage in Cambodia: The government periodically revises the minimum wage, particularly in sectors like garment manufacturing, which has traditionally been the backbone of Cambodia’s economy. This ensures that workers in low-paying industries are protected.

Key Salary Trends in Cambodia for 2024

The Cambodia salary trends for 2024 highlight an upward movement in wages due to the country’s growing economy and increased foreign investments. Employers are recognizing the need to offer competitive salaries to attract and retain talent.

• Job market in Cambodia: The demand for professionals in IT, finance, and engineering is growing, offering higher wages compared to other fields. As Cambodia continues to modernize its industries, sectors like digital technology and information technology are experiencing a surge in job opportunities.
• High-paying jobs in Cambodia: IT specialists, senior management professionals, and expatriates working in specialized fields often enjoy the highest salaries in Cambodia. For foreign professionals, salaries are often negotiated in USD, and roles in senior management or multinational companies tend to offer the most lucrative packages.

Salary Expectations in Cambodia: What to Know

For those seeking employment in Cambodia, it’s essential to have realistic salary expectations. Factors like your industry, job role, level of experience, and even location within Cambodia can influence your earnings.

• Living costs in Cambodia: When considering a job offer, it's essential to compare your salary to the living costs in Cambodia. Phnom Penh, being the capital, has a higher cost of living compared to other cities, which may reflect in the wages offered by employers in the region.
• Salary expectations in Cambodia for foreigners: Foreign professionals working in Cambodia, particularly in high-demand sectors, often earn more than their local counterparts. However, it’s important to negotiate salaries that align with the cost of living and industry standards.

Cambodia Economic Growth and Its Impact on Salaries

Cambodia's economic growth continues to influence wages across the country. As the economy strengthens, businesses are willing to invest more in attracting skilled labor. This has resulted in an overall increase in wages, particularly in tech, finance, and engineering sectors.

• Cambodia economic growth: The growing economy has led to more jobs in higher-paying industries like IT, finance, and construction. With more multinational companies entering the Cambodian market, there are more opportunities for local professionals to earn higher wages.
• Professional salary levels in Cambodia: Senior-level professionals, especially in fields like technology and finance, are seeing higher salary offers as employers compete for top talent. The average salary in Cambodia per month for these professionals can significantly exceed the national average, especially in urban centers like Phnom Penh.