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Since Cambodia's civil war continued for nearly a decade, the economic growth was slow compared to other ASEAN countries. However, in recent years, the country has shown rapid economic growth as it is attracting attention from foreign companies seeking inexpensive labor. The country's population is still low but is showing growth since 1980, and now has one of the fastest growing populations, among the ASEAN countries. A U.S. dollar-denominated real estate transaction is possible, which makes an investment in Cambodia attractive. Since the US dollar is widely used in Cambodia, it is the unofficial second currency with few restrictions on real estate transactions on ownership, payment, and remittance.
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