Maintaining High Growth: Cambodia Economic Update

Cambodia continues to enjoy robust growth, albeit at a slightly slower pace. Real growth in 2014 is estimated to have reached 7.0 percent. The garment sector, together with construction and services, in particular, finance and real estate, continues to propel growth. However, there are signs of weaknesses in garment and agricultural production that are slightly slowing growth. Overall macroeconomic management remains appropriate. Fiscal consolidation continues with further improvements in revenue collection resulting from the enhanced administration. Poverty continues to fall in Cambodia (poverty headcount rate in 2012 was 17.7 percent) although the pace of poverty reduction has declined significantly. Cambodia’s real growth rate is expected to moderate to 6.9 percent in 2015 and 2016, as it confronts stronger competition in garment exports, continued weak agriculture sector growth, and softer growth in the tourism sector.

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Additional Info

Field Value
Document type Reports, journal articles, and research papers (including theses and dissertations)
Language of document
  • English
Topics
  • Banking and financial services
  • Economic policy and administration
  • Economy and commerce
  • Foreign investors
  • Garments and textiles
Geographic area (spatial range)
  • Cambodia
Copyright Yes
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Version / Edition 2015
Date uploaded 2017-12-21T04:35:07.657143
Date modified 2018-03-17T10:40:23.210959
Contact

The World Bank Group Cambodia Country Office 113 Norodom Blvd., Phnom Penh, Cambodia Tel: (855-23) 861 300 Fax: (855-23) 861 301/302 www.worldbank.org/cambodia

Author (corporate) World Bank
Publication place Phnom Penh, Cambodia
Publisher The World Bank Group
Publication date 2015
Pagination 35
Keywords Economic growth,Inequality,Credit