Publication:
Cambodia Economic Update, May 2019: Recent Economic Developments and Outlook

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2019-05-07T14:55:09Z
dc.date.available2019-05-07T14:55:09Z
dc.date.issued2019-05
dc.description.abstractPreliminary 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/843251556908260855/Cambodia-Economic-Update-Recent-Economic-Developments-and-Outlook
dc.identifier.doi10.1596/31641
dc.identifier.urihttps://hdl.handle.net/10986/31641
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.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 2019en
dc.title.subtitleRecent Economic Developments and Outlooken
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleCambodia Economic Update, May 2019
okr.date.disclosure2019-05-05
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/843251556908260855/Cambodia-Economic-Update-Recent-Economic-Developments-and-Outlook
okr.guid843251556908260855
okr.guid270201563337168314
okr.identifier.doi10.1596/31641
okr.identifier.externaldocumentum090224b086c6b4ff_2_0
okr.identifier.internaldocumentum31031537
okr.identifier.report136575
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/843251556908260855/pdf/Cambodia-Economic-Update-Recent-Economic-Developments-and-Outlook.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryCambodia
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Inequality
okr.topicIndustry::Apparel and Leather Industry
okr.topicAgriculture::Food Security
okr.topicInternational Economics and Trade::Export Competitiveness
okr.unitEast Asia and Pacific 1 (GMTP1)
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