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.
|Broad Money Growth 1||16.1 (Oct21)||16.1||15.3|
|Headline Inflation Rate 2||3.0 (Sep21)||3.4||2.9|
|Merchandise Export Growth 2||-6.8 (Sep21)||-6.8||-22.7|
|Exchange Rate Index 3||99.2 (Dec21)||99.3||98.6|
2 y-o-y, %.
3 Monthly average, January 2006 = 100, $/local currency.
|Source: CEIC database.|
Initiatives / FTAs
ADB Working Paper Series4 items
on Regional Economic
Studies and Research