Cambodia

Cambodia Economy

Cambodia's economy in numbers:

Nominal GDP of USD 29.6 billion in 2022.

GDP per capita of USD 1,851 compared to the global average of USD 10,589.

Average real GDP growth of 5.7% over the last decade.

Share of the region's population
Share of the region's GDP

Economic structure:

In 2021, services accounted for 40% of overall GDP, manufacturing 18%, other industrial activity 19%, and agriculture 23%. Looking at GDP by expenditure, private consumption accounted for 65% of GDP in 2021, government consumption 8%, fixed investment 27%, and net exports 0%.

GDP by economic sector
GDP by type of expenditure

International trade:

In 2020, manufactured products made up 76% of total merchandise exports, mineral fuels 0%, food 4%, ores and metals 1% and agricultural raw materials 2%, with other categories accounting for 17% of the total. In the same period, manufactured products made up 74% of total merchandise imports, mineral fuels 10%, food 8%, ores and metals 2% and agricultural raw materials 2%, with other goods accounting for 4% of the total. Total exports were worth USD 23 billion in 2022, while total imports were USD 32 billion.

Key exports
Key imports
Key export partners
Key import partners

Economic growth:

The economy recorded average annual growth of 5.7% in the decade to 2022. To read more about GDP growth in Cambodia, go to our dedicated page.

Fiscal policy:

Cambodia's fiscal deficit averaged 1.7% of GDP in the decade to 2022. Find out more on our dedicated page.

Unemployment:

The unemployment rate averaged 0.4% in the decade to 2022. For more information on Cambodia's unemployment click here.

Inflation:

Inflation averaged 3.0% in the decade to 2022. Go to our Cambodia inflation page for extra insight.

Exchange Rate:

From end-2012 to end-2022 the riel weakened by 2.8% vs the U.S. dollar. For more info on the riel, click here.
Growth was seemingly robust in 2023. In January-November, inbound traveler numbers surged by 157% year on year, with arrivals from China soaring 450% on the removal of Covid-related restrictions. This, together with lower inflation in January–November compared to 2022, will have aided service sector growth and private consumption. Additionally, foreign fixed investment shot up by over a fifth last year from 2022, with investment projects focused on infrastructure, agro-industry and tourism. That said, merchandise exports grew a timid 1.8% in 2023, suggesting a weak external sector. Moving to this year, in January, the minimum wage for workers employed in the garment, footwear and travel products industries was raised from USD 200 to USD 204, a small increase which should underpin competitiveness and limit inflation, while restraining household purchasing power.
Projections out to 2033.

38 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 11 expert analysts.

Want to get insight on the economic outlook for Cambodia in the coming years? FocusEconomics collects projections out to 2033 on 38 economic indicators for Cambodia from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Cambodia economy. To download a sample report on the Cambodia's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .

Cambodia Economic Data

2018 2019 2020 2021 2022
Population (million) 15.5 15.6 15.7 15.8 16.0
GDP (USD bn) 24.5 27.0 26.0 27.2 29.6
GDP per capita (USD) 1,581 1,733 1,656 1,716 1,851
GDP (KHR bn) 99,544 110,014 105,892 110,506 121,030
Economic Growth (Nominal GDP, ann. var. %) 10.8 10.5 -3.7 4.4 9.5
Economic Growth (GDP, ann. var. %) 7.5 7.1 -3.1 3.0 5.3
Private Consumption (ann. var. %) 6.6 6.1 -4.3 -2.0 3.6
Government Consumption (ann. var. %) 7.7 6.8 13.0 38.0 18.8
Fixed Investment (ann. var. %) 15.6 14.3 -2.7 4.5 0.0
Exports (G&S, ann. var. %) 14.2 13.3 -11.3 6.4 21.0
Imports (G&S, ann. var. %) 16.9 11.1 -8.9 5.5 18.0
Industrial Production (ann. var. %) 11.6 11.3 -1.4 9.4 8.9
Unemployment (% of active population, aop) 0.1 0.1 0.3 0.3 0.4
Fiscal Balance (% of GDP) 0.7 3.0 -3.4 -7.1 -0.9
Public Debt (% of GDP) 28.4 28.2 34.4 35.9 36.5
Inflation (CPI, ann. var. %, aop) 2.5 1.9 2.9 2.9 5.3
Deposit Rate (%, aop) 1.38 1.44 1.49 1.40 1.50
Exchange Rate (KHR per USD, eop) 4,013 4,060 4,032 4,069 4,115
Exchange Rate (KHR per USD, aop) 4,032 4,041 4,064 4,063 4,083
Current Account Balance (USD bn) -2.9 -2.9 -0.9 -10.9 -7.6
Current Account Balance (% of GDP) -11.8 -10.8 -3.4 -40.1 -25.6
Merchandise Trade Balance (USD bn) -5.9 -7.7 -3.7 -11.3 -8.9
Merchandise Exports (USD bn) 13.0 14.7 17.5 19.7 23.3
Merchandise Imports (USD bn) 18.9 22.4 21.1 31.0 32.1
Merchandise Exports (ann. var. %) 15.6 12.9 19.0 12.6 18.2
Merchandise Imports (ann. var. %) 21.4 18.5 -5.4 46.6 3.7
Foreign Direct Investment (USD bn) 3.2 3.7 3.6 3.5 3.6
International Reserves (USD bn) 14.6 18.8 21.3 20.3 17.8
International Reserves (months of imports) 9.3 10.1 12.1 7.8 6.6
External Debt (USD bn) 13.5 15.4 17.6 20.1 22.5
External Debt (% of GDP) 55.3 56.8 67.8 73.8 75.9

Free Sample Report

Interested in Cambodia economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest