Cambodia

Camboya Economy

Cambodia's economy in numbers:

Nominal GDP of USD 29.6 billion in 2022.

GDP per capita of USD 1,851 compared to the global average of USD 10,589.

Average real GDP growth of 5.7% over the last decade.

Share of the region's population
Share of the region's GDP

Economic structure:

In 2021, services accounted for 40% of overall GDP, manufacturing 18%, other industrial activity 19%, and agriculture 23%. Looking at GDP by expenditure, private consumption accounted for 65% of GDP in 2021, government consumption 8%, fixed investment 27%, and net exports 0%.

GDP by economic sector
GDP by type of expenditure

International trade:

In 2020, manufactured products made up 76% of total merchandise exports, mineral fuels 0%, food 4%, ores and metals 1% and agricultural raw materials 2%, with other categories accounting for 17% of the total. In the same period, manufactured products made up 74% of total merchandise imports, mineral fuels 10%, food 8%, ores and metals 2% and agricultural raw materials 2%, with other goods accounting for 4% of the total. Total exports were worth USD 23 billion in 2022, while total imports were USD 32 billion.

Key exports
Key imports
Key export partners
Key import partners

Economic growth:

The economy recorded average annual growth of 5.7% in the decade to 2022. To read more about GDP growth in Cambodia, go to our dedicated page.

Fiscal policy:

Cambodia's fiscal deficit averaged 1.7% of GDP in the decade to 2022. Find out more on our dedicated page.

Unemployment:

The unemployment rate averaged 0.4% in the decade to 2022. For more information on Cambodia's unemployment click here.

Inflation:

Inflation averaged 3.0% in the decade to 2022. Go to our Cambodia inflation page for extra insight.

Exchange Rate:

From end-2012 to end-2022 the riel weakened by 2.8% vs the U.S. dollar. For more info on the riel, click here.
Growth was seemingly robust in 2023. In January-November, inbound traveler numbers surged by 157% year on year, with arrivals from China soaring 450% on the removal of Covid-related restrictions. This, together with lower inflation in January–November compared to 2022, will have aided service sector growth and private consumption. Additionally, foreign fixed investment shot up by over a fifth last year from 2022, with investment projects focused on infrastructure, agro-industry and tourism. That said, merchandise exports grew a timid 1.8% in 2023, suggesting a weak external sector. Moving to this year, in January, the minimum wage for workers employed in the garment, footwear and travel products industries was raised from USD 200 to USD 204, a small increase which should underpin competitiveness and limit inflation, while restraining household purchasing power.
Projections out to 2033.

38 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 11 expert analysts.

Want to get insight on the economic outlook for Cambodia in the coming years? FocusEconomics collects projections out to 2033 on 38 economic indicators for Cambodia from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Cambodia economy. To download a sample report on the Cambodia's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .

Camboya Datos económicos

2018 2019 2020 2021 2022
Población (millones) 15.5 15.6 15.7 15.8 16.0
PIB (en millones de dólares) 24.5 27.0 26.0 27.0 -
PIB per cápita (USD) 1,581 1,733 1,656 1,704 -
PIB (mil millones de rupias) 99,544 110,014 105,892 110,506 -
Crecimiento económico (PIB nominal, var. anual) 10.8 10.5 -3.7 4.4 -
Crecimiento económico (PIB, var. anual) 7.5 7.1 -3.1 3.0 -
Consumo privado (% var. anual) 6.6 6.1 -4.3 -5.3 -
Consumo público (var. anual) 7.7 6.8 13.0 22.7 -
Inversión fija (% var. anual) 15.6 14.3 -2.7 6.8 -
Exportaciones (G&S, % var. anual) 14.2 13.3 -11.3 13.5 -
Importaciones (G&S, % var. anual) 16.9 11.1 -8.9 23.1 -
Producción industrial (% var. anual) 11.6 11.3 -1.4 9.4 -
Desempleo (% de la población activa, aop) 0.1 0.1 0.3 0.6 -
Saldo fiscal (% del PIB) 0.7 3.0 -3.5 -5.9 -
Deuda pública (% del PIB) 28.4 28.2 35.2 36.3 -
Inflación (IPC, % var. anual, aop) 2.5 1.9 2.9 2.9 5.3
Tipo de depósito (%, aop) 1.38 1.44 1.49 1.40 1.50
Tipo de cambio (KHR por USD, eop) 3,992 4,055 4,035 4,064 4,108
Tipo de cambio (KHR por USD, aop) 4,023 4,029 4,057 4,057 4,077
Balanza por cuenta corriente (en millones de dólares) -2.9 -4.1 -2.2 -12.3 -
Balanza por cuenta corriente (% del PIB) -11.8 -15.0 -8.5 -45.7 -
Balanza comercial de mercancías (en millones de USD) -5.9 -7.3 -2.5 -11.4 -
Exportaciones de mercancías (en millones de dólares) 13.0 15.1 18.6 19.7 -
Importaciones de mercancías (en millones de dólares) 18.9 22.4 21.2 31.0 -
Exportaciones de mercancías (% var. anual) 15.6 15.9 23.3 5.6 -
Importaciones de mercancías (% var. anual) 21.4 18.5 -5.5 46.6 -
Inversión extranjera directa (en millones de dólares) 3.2 3.7 3.6 3.5 -
Reservas internacionales (en millones de dólares) 13.4 17.0 18.6 17.3 14.7
Reservas internacionales (meses de importaciones) 8.5 9.1 10.5 6.7 -
Deuda externa (en millones de dólares) 13.5 15.3 17.6 20.0 -
Deuda externa (% del PIB) 55.3 56.8 67.7 74.2 -

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