Fiscal Balance in Cambodia

Cambodia Fiscal Balance | Economic News & Forecasts

Cambodia - Fiscal Balance

Following a likely severe hit in H1 due to the impact of the pandemic and associated restrictions, available data suggests that economic activity remains subdued in H2. The tourism industry, which accounts for more than a quarter of GDP, continues to suffer: Despite a significant increase from July, tourist arrivals were still down 95.9% year-on-year in August. Moreover, both investment projects and construction proposals declined markedly in January–August compared to last year, signaling still-downbeat private sector activity. Meanwhile, on a brighter note, merchandise exports grew robustly in the same period on higher shipments of bicycles, electronics and rice. Lastly, on 23 October, the government approved the draft 2021 budget—valued at around USD 8.1 billion, slightly lower than last year’s original budget—aimed at addressing the harsh impact of the pandemic and supporting the recovery.

Cambodia - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-0.6  -0.3  -0.8  0.7  -     

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Note: Fiscal balance as % of GDP.

Cambodia Facts

Value Change Date
Exchange Rate4,0280.05 %Jan 01

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