structural:scholar_edition, linguistic:voice_change, information:classification
Economy

Phnom Penh is Cambodia's economic centre as it accounts for a large portion of the Cambodian economy. Double-digit economic growth rates in recent years have triggered an economic boom in Phnom Penh, with new hotels, restaurants, schools, bars, high rises and residential buildings springing up in the city.

The economy is based on commercial interests such as garments, trading, and small and medium enterprises. In the past few years the property business has been booming, with rapidly increasing real estate prices. Tourism is also a major contributor in the capital as more shopping and commercial centres open, making Phnom Penh one of the major tourist destinations in South East Asia along with Siem Reap and Sihanoukville. According to the World Travel and Tourism Council, tourism made up 19.2 percent (US$2,053 million) of Cambodia's GDP in 2009 and accounts for 13.7 percent of total employment. One of the most popular areas in Phnom Penh for tourists is Sisowath Quay, alongside the Tonle Sap River. Sisowath Quay is a five kilometre strip of road that includes restaurants, bars, and hotels.

The US$2.6 billion new urban development, Camko City, is meant to bolster the city landscape. The Bureau of Urban Affairs of Phnom Penh Municipality has plans to expand and construct new infrastructure to accommodate the growing population and economy. High rise buildings will be constructed at the entrance of the city and near the lakes and riverbanks. Furthermore, new roads, canals, and a railway system will be used to connect Camko City and Phnom Penh.

Other projects include:

With booming economic growth seen since the 1990s, new shopping venues have opened, such as Sorya Center Point, Aeon Mall Phnom Penh, Aeon Mall Sen Sok City, Aeon Mall Mean Chey and Olympia Mall. Many international brands have opened such as Mango, Salvatore Ferragamo, Hugo Boss, Padini Concept Store, Lily, Timberland, Jimmy Choo, CC Double O, MO, Brands Outlet, Nike, Converse, Pony, Armani Exchange, and Super Dry.

The tallest skyscraper in Phnom Penh is Vattanac Capital Tower at a height of 188 metres (617 ft), dominating Phnom Penh's skyline with its neighbour skyscraper Canadia Tower (OCIC Tower). The tower was completed in December 2014. Modern high rises have been constructed all around the city, not concentrated in any one particular area.

The Central Market Phsar Thmei is a tourist attraction. The four wings of the yellow colored market are teeming with numerous stalls selling gold and silver jewelry, antique coins, clothing, clocks, flowers, food, fabrics and shoes. Phsar Thmei is undergoing under a major renovation, along with the creation of newer stalls.