Asia Regional Integration Center

The economy contracted by 3.1% in 2020 due to the impact of the COVID-19 pandemic, even though Cambodia did not experience a major outbreak. Nonetheless, the pandemic caused a total shutdown of international tourism; a drop in exports of garments, footwear, and travel goods; and a contraction in construction. The economy is forecast to expand by 4.0% in 2021 and 5.5% in 2022. Industrial production is expected to grow strongly, expanding by 7.1% in 2021 and 7.0% in 2022 as garments, footwear, and travel goods exports rebound and light manufacturing expands. Agriculture is also expected to pick up, growing by 1.3% in 2021 and 1.2% in 2022.