Preliminary estimates for Cambodia show real growth achieved a four-year high of 7.5% in 2018, compared to 7.0% in 2017.
Driven by garment exports and tourism, Cambodia’s economy has sustained an average growth rate of 8% between 1998 and 2018, making it one of the fastest-growing economies in the world. Meanwhile, investment should remain muted amid heightened uncertainties. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
Its overall score has decreased by 0.5 point because of a drop in the score for investment freedom.
The growth rate is the highest amongst the fast-growing ASEAN nations. In 2012, the exports grew to $4.61 billion up 8% over 2011. The tourism, garment, construction and real estate, and …
However large-scale reforms are needed to support this growth and to make the country competitive on a global level. With a steady economic growth of around 7 percent in recent years, which is forecasted to continue in 2019, Cambodia is on a steady path of economic improvement. The garment industry represents the largest portion of Cambodia's manufacturing sector, accounting for 80% of the country's exports. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Cambodia Economic Growth Economic growth will slow substantially this year, as downbeat external demand and lower remittances pummel disposable income, thus weighing on private consumption. The 2019 April Cambodia Economic Update (CEU) was prepared by Sodeth Ly, with contributions from Miguel Eduardo Sánchez Martín, Runsinarith Phim, Linna Ky, Kimsun Tong, Anne Marie Provo, Somil Nagpal, Phyrum Kov and Ekaterine Vashakmadze. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.Global data and statistics, research and publications, and topics in poverty and development The economy performed better than expected, driven primarily by rapid expansion of exports and robust internal demand, as well as a surge in Foreign Direct Investment. Projects, publications, products and services, operational priorities, and development knowledgeCountries with operations and subregional programs, country planning documentsCareers, business opportunities, and investor relations
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