External Debt in Cambodia
Cambodia - External Debt
The Covid-19 pandemic likely wreaked havoc on the economy in the first half of the year, suppressing external demand and hitting the vital garment sector. Moreover, recent figures released by the Ministry of Tourism show tourist arrivals dived by almost 70% in January-July compared to the same period in 2019, due to restrictions on visitors and lockdowns abroad. Remittances will also have been dampened by lockdowns abroad, in turn weighing on household spending. On a more positive note, the Asian Development Bank recently approved a USD 128 million loan to support power generation, which should sustain economic activity. Moreover, on the health front, the country has had no new confirmed Covid-19 cases since the end of August. Meanwhile, in early September the government raised the monthly minimum wage for the garment and footwear industry from USD 190 in 2020 to USD 192 in 2021.Cambodia - External Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 51.4 | 49.0 | 50.7 | 54.4 | - |
Cambodia External Debt Chart
Source: World Bank and FocusEconomics calculations.
Cambodia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 4,028 | 0.05 % | Jan 01 |
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