In recent years, Cambodia has experienced significant economic growth, leading to changes in the average salary in Cambodia. As the country develops, understanding the dynamics of the job market is crucial for both local and foreign professionals. This article explores the current Cambodia salary guide 2024, highlighting average wages by industry in Cambodia, minimum wage, and salary expectations for various professions.

The Current Job Market in Cambodia

As of 2024, the job market in Cambodia is becoming increasingly competitive. With a growing number of local and international companies establishing operations in the country, the demand for skilled professionals is rising. This shift has a direct impact on salary levels, as employers seek to attract and retain top talent.

According to recent studies, the average wage in Cambodia has shown a steady increase over the past few years. The Cambodia salary trends indicate that sectors such as information technology, finance, and engineering are witnessing higher average salaries compared to traditional industries like agriculture and textiles. This trend reflects the country’s economic diversification and the demand for specialized skills.

Average Salary and Wages by Industry

To provide a clearer picture, let's examine the average wages by industry in Cambodia:

1. Information Technology: With the digital revolution in full swing, the IT sector is one of the highest-paying industries. The average salary in Cambodia for tech professionals can range from $800 to $2,500 per month, depending on experience and expertise.
2. Finance and Banking: Professionals in this sector can expect competitive salaries, typically ranging from $700 to $2,200 monthly. Financial analysts and managers often command even higher wages.
3. Engineering: As infrastructure development continues, engineers in various fields, including civil, mechanical, and electrical, enjoy average salaries ranging from $600 to $1,800 per month.
4. Education: Teachers, particularly those in international schools, can earn between $500 and $1,500 monthly, depending on qualifications and experience.
5. Healthcare: Medical professionals' salaries vary widely, with doctors earning between $1,000 and $3,000 per month, while nurses generally earn around $400 to $1,000.

Minimum Wage and Living Costs

The minimum wage in Cambodia is a critical factor in determining the overall salary landscape. As of 2024, the minimum wage in the garment sector stands at $190 per month, reflecting the government’s efforts to improve workers' living conditions. However, the rising living costs in Cambodia mean that many workers find it challenging to make ends meet, prompting discussions about wage increases and labor rights.

Salary Expectations and Foreign Professionals

For expatriates, the average salary in Cambodia for foreigners tends to be higher than that of local professionals, particularly in managerial positions. The average salary in Cambodia in USD varies widely, influenced by industry, experience, and negotiation skills. Foreign professionals often expect salaries that reflect their qualifications and the cost of living.

Conclusion

Understanding the average salary in Cambodia is essential for both job seekers and employers. With the country's economic growth and evolving job market, professionals need to stay informed about salary expectations in Cambodia. Whether you're a local looking to advance your career or a foreigner considering a move, being aware of Cambodia salary trends will help you make informed decisions.