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Cambodia economic update : Cambodia climbing up the manufacturing value chains (English)

Growth remains robust, but is projected to ease slightly to 6.8 percent in 2017, comparedwith 7.0 percent in 2016. Exports of clothing and other textile products have moderated andthe construction sector is showing signs of easing. Offsetting deceleration in the exports ofclothing and other textile products, is the rising share of non-textile product exports, especiallythe exports of electrical machinery, equipment and auto parts, attracted by improvedconnectivity and access to a more reliable energy supply. Efforts to increase tourism potentialseem to be paying off with a marked increase in the arrival of foreign tourists. Real growthis projected to remain strong, expanding at 6.9 percent in 2018. The medium-term outlookremains positive, boosted by export diversification and underpinned by healthy inflows offoreign direct investment (FDI) and an improving global outlook. A possible slowdown ofthe regional economy, especially China, and potential election-related uncertainties posedownside risks to the outlook.

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Details

  • Document Date

    2017/10/01

  • Document Type

    Working Paper

  • Report Number

    121519

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Cambodia,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2017/11/21

  • Disclosure Status

    Disclosed

  • Doc Name

    Cambodia economic update : Cambodia climbing up the manufacturing value chains

  • Keywords

    Technical and Vocational Education;textile product;small and medium size enterprise;Currency and Exchange Rates;manufacturing sector;foreign currency deposit;tourist arrival;construction sector;tourism potential;durable consumer good;division of labor;current account deficit;dollar exchange rate;cost of electricity;international oil price;broad money;minimum wage;price of export;Economy and Finance;world market share;global financial crisis;expenditure in education;chamber of commerce;share of export;expenditure education;free health insurance;per capita cost;investments in agriculture;farm gate price;price of rice;special economic zone;current account balance;country of origin;household and individual;increase in remittance;international tourist arrivals;person with disability;export of apparel;international trade statistic;nondurable consumer goods;increase in prices;impact on poverty;education and health;social security scheme;net foreign asset;decline in inflation;prudent fiscal management;Access to Electricity;competitive energy generation;reliability of supply;regional value chain;domestic credit growth;foreign direct investment;Export Diversification;electricity tariff;external position;foreign reserve;food price;merchandise export;industrial sector;construction boom;global trade;domestic demand;footwear export;external competitiveness;tourism sector;Durable goods;manufactured products;rural area;real sector;export share;garment worker;electrical machinery;agriculture sector;banking sector;increasing exports;import growth;real wage;construction material;agricultural price;apparel article;estate sector;monetary aggregate;household budget;rice production;Real estate;special fund;skilled workforce;agricultural product;factory worker;commodity price;vehicle part;electrical appliance;trade deficit;international arrivals;inflationary pressure;domestic industry;textile industry;income diversification;export product;foreign tourist;downside risk;real growth;domestic revenue;trade balance;cheap labor;increased competition;rice price;petroleum product;daily income;firm operation;monetary sector;capital inflow;Capital Inflows;banking system;manufacturing industry;tourist destination;skill gap;

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Citation

Cambodia economic update : Cambodia climbing up the manufacturing value chains (English). Cambodia economic update Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/628341511277852360/Cambodia-economic-update-Cambodia-climbing-up-the-manufacturing-value-chains