Phnom Penh's is Cambodia's economic center 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, bars, high rises, and residential buildings springing up around the city. The main 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 as real estate is now getting very expensive in the city. Tourism is also a major contributor in the capital as more shopping and commercial centers open, making Phnom Penh one of the major tourist destinations in the country along with Siem Reap and Sihanoukville.
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