Market Update

The IMF expects Cambodia's economy to continue to recover

The International Monetary Fund (IMF) has assessed Cambodia's economy and predicted growth in the coming years. The country's economy experienced an acceleration in 2022, with a growth rate of 5.2%. The IMF projects that Cambodia's economy ...

02nd November 2023

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Market Update

$2.8 billion in taxes collected in nine months

Cambodia's General Department of Taxation (GDT) collected $2.8 billion in tax revenue in the first nine months of 2022, a 4.7% increase from the previous year. The increase was attributed to tax system reforms, including providing services ...

01st November 2023

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Market Update

Global economic pressures are placed on garment exports

Cambodia experienced a 17% decrease in apparel and clothing accessories exports in the first nine months of 2023 compared to the same period last year. However, exports have shown signs of recovery in recent months, according to the General ...

31st October 2023

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Market Update

GDP per capita in Cambodia is expected to reach $2,071 in 2024

Cambodia's GDP per capita is expected to reach $2,071 in 2024, up from $1,917 in 2023, according to a report from the Ministry of Economy and Finance. The economy is expected to grow 6.6% next year, driven by garment exports, tourism, ...

30th October 2023

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Market Update

Cambodia's $5.8 billion in exports to RCEP nations increase by 23%

Cambodia's exports to the Regional Comprehensive Economic Partnership (RCEP) countries increased by 23% in the first nine months of 2021, according to a Ministry of Commerce report. The country exported $5.8 billion worth ...

27th October 2023

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Market Update

PM hope the Funan Techo Canal to ripe economic growth

Cambodia's Prime Minister Hun Manet has expressed confidence in the Funan Techo Canal waterway project, a significant infrastructure investment in the country's transport sector to boost the country's economic development. The project, also ...

26th October 2023

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Market Update

As construction activity increases, steel imports rise

Cambodia imported over $280 million worth of iron and steel in the first nine months of 2023, representing over 1% of the country's total imports. The country's construction sector has shown some improvement this year, attributed to an uptick in projects approved ...

25th October 2023

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Market Update

G-PSF to address business challenges, boost economy

The Government-Private Sector Forum (G-PSF) is set to take place in November this year to address challenges in businesses and investment and set up strategic drives to boost the economy. The forum will be chaired by Prime Minister Hun Manet, ...

24th October 2023

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Market Update

Chinese company express interest to construct airport metro

Cambodia's Council for the Development of Cambodia (CDC) has revealed plans by Chinese firm Guangzhou Metro Group to connect Phnom Penh with the new international airport. Chairman of Guangzhou Metro Group, Jianlong Ding, expressed ...

23rd October 2023

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Market Update

In the first nine months, rubber exports bring in $320.5 million for Cambodia

Cambodia exported 242,304 tons of dry rubber in the first nine months of 2023, a 3.5% increase from 234,100 tons in the same period last year, according to a report from the General Directorate of Rubber. The country earned $320.5 million ...

20th October 2023

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