Cambodia’s economy has displayed impressive resilience over the past decade. After the 2008 financial crisis, the garment industry emerged as a key driver, boosting exports. Despite political tensions and labor disputes, Cambodia maintained steady growth from 2013 to 2019, fueled by garments, tourism, and construction. Government efforts to attract foreign investment and diversify the economy further aided progress.
The COVID-19 pandemic in 2020 dealt a harsh blow, causing a 3.1% contraction. However, the government responded swiftly with support measures. While challenges remain in achieving sustained development and upper-middle-income status by 2030, ambitious reforms are underway to address poverty, infrastructure, and the business climate.
Below are some key indicators that showcase Cambodia’s economy from 2010 until 2023(E):
Cambodia’s GDP growth: 2010 – 2023(E)
Cambodia’s GDP per capita: 2010 – 2023(E)
Cambodia’s GDP per capita (USD): 2010 – 2023(E)
Cambodia’s inflation: 2010 – 2023(E)
Cambodia’s revenue: 2010 – 2023(E)
Cambodia’s general government debt: 2010 – 2023(E)
Cambodia’s export: 2010 – 2023(E)
Cambodia’s import: 2010 – 2023(E)
Cambodia’s FDI: 2010 – 2023(E)
Cambodia’s economic journey showcases its resilience, adaptability, and commitment to achieving sustainable growth. With a focus on economic diversification, attracting foreign investment, and implementing necessary reforms, Cambodia is poised to continue its upward trajectory and improve the lives of its citizens.
Source:World Bank. (November 2023). “From Recovery to Reform”.
Photos by:ផ្លុង រី – 𝐏𝐡𝐥𝐨𝐧𝐠 𝐑𝐲
