Cambodia Economic Outlook
October 18, 2016Cambodia’s economy should remain broadly stable this year, expanding only slightly below last year’s robust 7.0% mark. GDP growth this year has been supported by strong garment sector exports and healthy agricultural production thanks to more clement weather. Fiscal policy has also been supportive of growth: the deficit is set to widen considerably this year following a boost to civil servants’ pay at the beginning of the year. Tourism, however, has grown at a much slower pace compared to last year. During an official visit to the country in October, the Chinese president forgave a USD 90 million debt and announced a new USD 15 million loan for additional military spending.
Cambodia Economy Data
|GDP per capita (USD)||878||944||1,024||1,096||-|
|GDP (USD bn)||12.8||14.0||15.5||16.8||-|
|Economic Growth (GDP, annual variation in %)||7.1||7.3||7.5||7.1||-|
|Fiscal Balance (% of GDP)||-4.1||-3.8||-2.1||-1.3||-|
|Public Debt (% of GDP)||30.3||32.1||33.0||33.9||-|
|Inflation Rate (CPI, annual variation in %)||5.5||2.9||3.0||3.9||1.2|
|Policy Interest Rate (%)||1.34||1.33||1.34||1.42||1.42|
|Exchange Rate (vs USD)||4,023||3,996||3,970||4,050||4,020|
|Exchange Rate (vs USD, aop)||4,048||4,035||4,007||4,011||4,038|
|Current Account (% of GDP)||-3.7||-9.7||-10.7||-10.8||-|
|Current Account Balance (USD bn)||-0.5||-1.4||-1.7||-1.8||-|
|Trade Balance (USD billion)||-2.6||-3.5||-3.6||-2.7||-|
|Exports (USD billion)||6.7||7.8||9.2||10.8||-|
|Imports (USD billion)||9.3||11.4||12.8||13.5||-|
|Exports (annual variation in %)||30.4||16.9||18.0||16.8||-|
|Imports (annual variation in %)||36.9||22.0||12.8||5.5||-|
|International Reserves (USD)||3.5||4.3||4.5||5.6||-|
|External Debt (% of GDP)||33.9||40.7||41.9||40.6||-|
5 years of Cambodia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||4,062||0.30 %||Oct 20|
Cambodia Economic Growth
October 18, 2016Growth will be supported by robust domestic demand this year, but political instability and financial sector fragility threaten the outlook going forward. FocusEconomics Consensus Forecast panelists expect the economy to expand 6.9% in 2016, which is unchanged from last month's projection. In 2017, panelists expect the economy to expand 7.0%.