Cambodia’s growth projected to ease to 6.9 percent

Phnom Penh, Oct 5 (IANS) Cambodia’s economic growth is expected to slightly ease to 6.9 percent this year, 0.2 percentage point lower than the 7.1 percent growth last year, according to a World Bank report released on Monday.

The country’s economic growth depends mainly on agriculture, tourism, garment exports and construction, Xinhua news agency reported.

The slightly lower growth for 2015 was due to “sluggish agricultural growth, uncertainty in the tourism sector and moderate garment exports”, the report said.

Growth in agricultural sector remains sluggish due to slow crop yield improvements and depressed agricultural commodity prices, it said, adding that the tourism sector keeps underperforming despite the initial recovery in tourist arrivals to Thailand.

It said tourist arrivals during the first six months grew by only 4.6 percent to reach 2.3 million visitors, compared to 6.9 percent during the same period last year.

For apparel exports, it said the value of garment exports eased to a year-on-year growth rate of 7.8 percent during the first six months of the year, compared to 9.2 percent in 2014.

World Bank-Cambodia economist Ly Sodeth said the country’s construction sector remains strong in 2015 due to political stability.

“Construction sector has become the most dynamic engine of growth, partly due to the return of political stability and a revival in consumption,” he said.

According to the report, inflation is projected to stand at 1.5 percent this year, and Cambodia’s GDP per capita is expected to reach $1,145 in 2015, a 5.6 percent increase over 2014.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here