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Cambodia Economic Update, October 2018: Recent Economic Developments and Outlook

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2018-12-18T17:55:41Z
dc.date.available2018-12-18T17:55:41Z
dc.date.issued2018-10
dc.description.abstractEconomic growth remains strong, driven primarily by robust expansion in consumption and exports. Domestic demand has been boosted by higher wage growth and larger public investments, with fiscal expansion serving as stimulus. Public outlays were budgeted to increase to 24.6 percent of GDP in 2018 from 23.1 percent in 2017. At the same time, strong external demand has boosted exports of garment and footwear products, which increased 16.1 percent (y/y) during the first half of 2018 - a two year high—from 8.3 percent at the end of 2017. Tourist arrivals reached 3 million during the first six months of 2018, a 13.6 percent increase (y/y), compared with 11.8 percent in 2017, driven by a surge in tourist arrivals by air from China. Capital inflows, mainly comprising foreign direct investment (FDI) continue to increase, underpinning Cambodia's stable external position. Official data showed rising FDI to the manufacturing sector, especially the textile, apparel, and footwear industries, and to agroprocessing. Vibrant construction activity continues to be financed by rising FDI inflows and domestic credit. FDI is estimated to have increased by 14.3 percent (y/y) during the first six months of 2018. About 90 percent of the inflows (excluding those to the financial sector) have originated from China and are directed toward the construction and real estate, agriculture and agroprocessing, and garment sectors. A growing proportion of FDI is now invested in the productive sectors, namely the manufacturing and agriculture sectors, albeit its share remains relatively small at about 20 percent of total inflows.en
dc.identifierhttp://documents.worldbank.org/curated/en/888141543247252447/Cambodia-Economic-Update-Recent-Economic-Developments-and-Outlook
dc.identifier.doi10.1596/30997
dc.identifier.urihttps://hdl.handle.net/10986/30997
dc.languageEnglish
dc.publisherWorld Bank, Phnom Penh
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectTOURISM INDUSTRY
dc.subjectAGRICULTURAL DIVERSIFICATION
dc.subjectSAFE WATER SUPPLY
dc.subjectFISCAL TRENDS
dc.subjectDEBT
dc.subjectTRADE DISPUTES
dc.subjectSTRUCTURAL TRANSFORMATION
dc.subjectGROWTH DRIVERS
dc.subjectGROWTH MODEL
dc.titleCambodia Economic Update, October 2018en
dc.title.subtitleRecent Economic Developments and Outlooken
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleCambodia Economic Update, October 2018
okr.date.disclosure2018-11-27
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/888141543247252447/Cambodia-Economic-Update-Recent-Economic-Developments-and-Outlook
okr.guid946181548946999935
okr.guid888141543247252447
okr.identifier.doi10.1596/30997
okr.identifier.externaldocumentum090224b086624c9e_1_0
okr.identifier.internaldocumentum30639463
okr.identifier.report132482
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/888141543247252447/pdf/132482-WP-PUBLIC-nov-28-Economic-Update-Nov-final-01Low-res.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryCambodia
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicInternational Economics and Trade::External Debt
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Employment and Shared Growth
okr.unitEast Asia and Pacific 1 (GMTP1)
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