Current Account in Cambodia
Cambodia - Current AccountEconomic recovery likely accelerated in H1 2022 thanks to looser Covid-19 restrictions and stronger regional trade ties. Exports grew 34.5% year on year in January–May, boosted by the Regional Comprehensive Economic Partnership (RCEP) trade deal which took effect in January. Consumption should have also gained steam as the February–March Covid-19 wave subsided. In addition, the government’s cash handout scheme, providing USD 45 per month to around 2.8 million people living below the poverty line, should be also bolstering domestic demand. Moreover, the revival of international arrivals—up 192% annually between January and April 2022—should be further supporting the economy. In other news, on 6 June the U.S. removed import tariffs on solar panels from Cambodia until 2024, boding well for investment inflows from China—which still faces U.S. tariffs—and export growth.
Cambodia - Current Account Data
|Current Account (% of GDP)||-8.9||-8.6||-8.2||-12.3||-15.8|
5 years of economic forecasts for more than 30 economic indicators.
Cambodia Current Account Chart
Source: World Bank and FocusEconomics calculations.
|Exchange Rate||4,028||0.05 %||Jan 01|
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