Cambodia: Economy | Asian Development Bank

Cambodia: Economy

In the absence of quarterly or half-yearly GDP data, other evidence suggests that the economy is on track to grow strongly this year, as anticipated in April in the Asian Development Outlook 2017 Update. Improved weather supported farm and fishery output in the first half of the year. The government approved construction projects worth nearly $5 billion in the first 6 months, up by 27% year on year. Indicating strong growth in the service sector, international tourist arrivals reached 2.3 million in the first 5 months. This meant 12.5% growth year on year, more than quadrupling meager 2.4% growth in arrivals in the previous 12-month period. Read more from Asian Development Outlook 2017 Update

Note: GDP growth rate forecasts for 2017 and 2018.


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam -5.4 2.2
Cambodia 5.5 5.7
Indonesia 3.2 4.2
Lao People’s Democratic Republic 5.4 5.5
Malaysia 2.6 2.6
Myanmar 7.5 7.9
Philippines 4.7 4.9
Singapore 0.9 1.0
Thailand 3.0 3.1
Viet Nam 5.5 5.7
Average 3.3 3.8
Country 2017f 2018f
Brunei Darussalam –0.3 0.1
Cambodia 3.0 3.2
Indonesia 4.0 3.7
Lao People’s Democratic Republic 1.5 1.5
Malaysia 3.7 2.7
Myanmar 7.0 7.5
Philippines 3.2 3.5
Singapore 1.0 1.5
Thailand 0.7 1.5
Viet Nam 4.5 5.5
Average 3.1 3.1
Country 2017f 2018f
Brunei Darussalam 6.0 6.5
Cambodia –9.7 –9.3
Indonesia –1.7 –2.0
Lao People’s Democratic Republic –17.5 –19.0
Malaysia 2.4 2.4
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 8.5 6.5
Viet Nam 1.0 2.0
Average 3.0 2.8
Country 2015
Brunei Darussalam 38,010
Cambodia 1,070
Indonesia 3,440
Lao People’s Democratic Republic 1,740
Malaysia 10,570
Myanmar 1,160
Philippines 3,550
Singapore 52,090
Thailand 5,720
Viet Nam 1,990

f = forecast number.

Sources:
Asian Development Outlook 2017
Asian Development Outlook 2017 Update