Fiscal Balance in Cambodia

Cambodia Fiscal Balance | Economic News & Forecasts

Cambodia - Fiscal Balance

Economic growth has likely been brisk so far this year thanks to strong fixed investment, private consumption and tourism inflows. In H1, total visitor arrivals were up 11% year-on-year, driven by soaring Chinese tourist numbers—underlining Cambodia’s ever-closer relationship with Beijing. In addition, total credit was up by roughly a quarter in annual terms in the first three months of the year according to the most recent Central Bank data, boding well for domestic demand. Moreover, the construction sector—fueled by Chinese capital—saw approved investment rise sharply in the first half; however, this is also generating concerns over credit quality and a possible rise in non-performing loans. Meanwhile, in politics, in August the government announced a reduction in public holiday numbers to boost output and competitiveness.

Cambodia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.6  -1.6  -1.3  -1.4  -1.1  

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Note: Fiscal balance as % of GDP.

Cambodia Facts

Exchange Rate4,0680.05 %Sep 04

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