The provincial capital of Kratie was one of the first towns to be Ďliberatedí by the Khmer Rouge (actually it was the North Vietnamese, but the Khmer Rouge later took the credit) in the summer of 1970. It was also one of the first provincial capitals to fall to the liberating Vietnamese forces in the overthrow of the Khmer Rouge on 30 December 1978.
Most Kratie residents are subsistence farmers or fishers. 78% of residents are employed in agriculture. Thirty percent of Kratiť households live on less than US$1 per day;
the province's poverty rate of 32% is somewhat lower than the national average of 39%. Some gold mining occurs in Kratie. Most soil in Kratie is poor; the province primarily grows perennial industrial crops like rubber. Illegal logging supervised by provincial officials is a problem. Kratie has the potential to be an ecotourism destination.
Kraties road system is poorly developed. As of 1998, the average household possessed 0.48 hectares of agricultural land, and 37% were landless.