Current Account in Cambodia

Cambodia Current Account | Economic News & Forecasts

Cambodia - Current Account

The economy is likely growing at a solid pace so far this year. Tourist arrivals rose by 10% year-on-year in Q1, according to recent government data, with Chinese nationals accounting for the vast majority of visitors. This comes after growth reached a multi-year high in 2018, supported by strong garment exports, tourism inflows and FDI. Moreover, the current account deficit widened notably last year, amid rapid import growth linked to the construction and manufacturing sectors. On the political front, Prime Minister Hun Sen recently announced that China had pledged USD 89 million to boost the Cambodian military, and promised unspecified support if the EU removes preferential market treatment for Cambodian exports.

Cambodia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-12.9  -9.9  -9.4  -8.9  -     

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Cambodia Current Account Chart

Cambodia Current Account
Note: Current account balance as % of GDP.
Source: World Bank and FocusEconomics calculations.

Cambodia Facts

Exchange Rate4,0460.05 %May 13

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