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Cambodia Economic update : maintaining high growth (English)

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 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. Recent developments include: the garment sector continues to be one of Cambodia’s main engines of growth, the external position remains stable, supported by healthy foreign direct investment inflows, underpinning the overall macroeconomic stability, Exchange rate targeting continues to support price stability, inflation has eased significantly with continuing depressed food prices and the recent decline in oil prices, and financial deepening continues, supporting economic expansion as deposit and credit growth accelerated quickly in 2014.


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    East Asia and Pacific,

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    Cambodia Economic update : maintaining high growth

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    General Department of Taxation;real effective exchange rate;Public Works and Transport;public sector service delivery;inequality will;per capita income threshold;financial management reform program;lender of last resort;efficiency in public spending;nominal effective exchange rate;construction sector;national poverty line;current account deficit;poverty headcount rate;exchange rate targeting;Real estate;tourism sector;domestic revenue collection;engine of growth;dollar exchange rate;consumer price index;domestic political stability;public sector wage;foreign currency deposit;agricultural commodity price;broad money;agriculture sector;farm gate price;foreign direct investment;Agricultural Advisory Services;social sector spending;total wage bill;cost of electricity;repatriation of profit;world tourism market;exchange rate peg;operations and maintenance;competitiveness of export;import of goods;quality of bank;Social Safety Nets;domestic credit growth;real estate price;global food prices;international experiences show;finance and markets;resource for poverty reduction;competition among bank;international financial market;global economic crisis;maintenance of road;automation of business;debt sustainability analysis;oil price decline;international reserve;Financial Sector;tourist arrival;export growth;fiscal deficit;banking sector;cultivated area;real growth;import demand;annual budget;Macroeconomic Stability;total credit;paddy rice;health equity;real sector;crop production;production cost;yield improvement;capital budget;monetary sector;investment inflow;budget revenue;export market;Labor Market;wet season;tax base;business environment;banking system;government deposit;monetary policy;lending rate;revenue administration;rice yield;Tax Administration;tourist destination;rice production;export value;political uncertainty;external shock;weighted average;tax rate;land management;trade deficit;trade costs;monetary aggregate;Exchange Rates;financial deepening;economic recovery;expenditure composition;external position;consumption distribution;construction boom;outstanding credit;largest markets;crop yield;improve revenue;fiscal space;government spending;finance budget;Budget Management;budget law;Capital Investments;downside risk;agricultural sector;development partner;land area;export volume;inflation;dollar lending;Macroeconomic Management;credit expansion;deposit rate;export price;program leader;fixed deposit;increased competition;input cost;distribution list;fixed asset;support price;budgetary decision;construction permit;business cost;dollar term;company registration;payment facility;land concession;import good;construction material;poverty trend;economic sector;poverty decline;Fixed Assets;price control;domestic price;poor household;investment approvals;smaller share;household budget;health budget;national resource;irrigation system;annual wage;budget increase;land policy;land policies;speculative bubble;agricultural production;sectoral strategy;retirement fund;high volatility;vulnerable household;manufacturing sector;trade sector;Banking Supervision;public price;estate sector;public debt;travel arrangements;domestic economy;company operating;foreign country;external condition;credit bank;coastal area;low-income economy;international inflation;road transportation;executive board;Trade Logistics;irrigation infrastructure;ministerial coordination;managerial capacity;domestic export;physical inspection;welfare gains;good governance;seed development;financial resource;facilitation process;investment law;macroeconomic development;customs procedure;medium-term perspective;external fund;General Administration;Judicial Reform;Education Quality;Technical Training;Health Service;reform priorities;fiscal source;fiscal position;capital expenditure;budget source;budgetary reform;capital spending;water resource;power supply;business account;Electronic Payment;Annual Pay Increase;performance outcome;escape poverty;wage increase;export revenue



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Cambodia Economic update : maintaining high growth (English). Cambodia economic update Washington, D.C. : World Bank Group.