Capital’s income levels set to soar

[geovalin]

Matthieu de Gaudemar

 

Phnom Penh’s median household income could swell to surpass the projected level of Bangkok within 15 years if the city’s rapid urbanisation is properly managed through effective policymaking and adequate city planning, according to a new study.

 

The ASEAN Cities – Stirring the Melting Pot report published last week by the Economist Intelligence Unit (EIU), a member of the Economist Group, forecasts that growth in the Kingdom’s capital could propel the city’s median household income to $32,200 by 2030. That would put it higher than most cities in the 10-member ASEAN regional economic bloc, including Bangkok and Ho Chi Minh City.

 

“Cities where favourable demographics boost the labour force will have an advantage in terms of sustaining higher levels of economic income and consumer spending growth,” the report said.

 

read more http://www.phnompenhpost.com/business/capitals-income-levels-set-soar

 

 

-- © Copyright Phenom Pen Post 10/10

[elgordo38]

I knew we were falling behind. Of course Bangkok pay levels are mostly on the military/government level so rethinking this I think its a pipe dream.