Cambodia Economic Update, May 2019

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dc.creatorWorld Bank Group
dc.date2019-05-07T14:55:09Z
dc.date2019-05-07T14:55:09Z
dc.date2019-05
dc.date.accessioned2026-07-01T00:39:31Z
dc.descriptionPreliminary estimates show real growth achieved a four-year high of 7.5 percent in 2018, compared to 7.0 percent in 2017. Driven primarily by rapid expansion of exports and robust internal demand, the economy performed better-than expected. Exports burgeoned as external demand, especially in the United States and European Union markets, strengthened. Garment and footwear exports which account for more than two-thirds of total merchandise exports, recorded a five-year high,rising by 17.6 percent in 2018, up from 8.3 percent in 2017. Upbeat consumer confidence led to a surge in imports. Motor vehicles and steel imports, which gauge domestic consumption and construction demands, rose by 50 percent and 48 percent, respectively. The current account deficit widened to 10.4 percent of GDP in 2018, from 9.7 percent of GDP in 2017, but remained fully financed by foreign direct investment (FDI). FDI is estimated to have reached a record high of more than 3.0 billion US dollars or 13.4 percent of GDP in 2018. Burgeoning exports and strong FDI inflows have contributed to further accumulation of gross international reserves, which in 2018 reached 10.1 billion US dollars or about six months of prospective imports.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/843251556908260855/Cambodia-Economic-Update-Recent-Economic-Developments-and-Outlook
dc.identifierhttps://hdl.handle.net/10986/31641
dc.identifier10.1596/31641
dc.identifier.urihttp://hdl.handle.net/123456789/408497
dc.languageEnglish
dc.publisherWorld Bank, Phnom Penh
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectCAPITAL INFLOWS
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectEXPORT COMPETITIVENESS
dc.subjectRISKS
dc.subjectEARLY CHILDHOOD DEVELOPMENT
dc.subjectCHILDREN'S HEALTH
dc.subjectNUTRITION
dc.subjectMILLED RICE
dc.subjectGARMENT INDUSTRY
dc.subjectFOOTWEAR INDUSTRY
dc.titleCambodia Economic Update, May 2019
dc.titleRecent Economic Developments and Outlook
dc.typeReport
dc.typeRapport
dc.typeInforme

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