A senior World Bank economist has maintained that Cambodia's economic growth will reach around 5.8% in 2024, up from 5.4% in 2023.
Cambodia's economic growth has been driven by garment exports, tourism, agriculture, construction, and real estate. Cambodia's main exports include garments, footwear, travel goods, bicycles, and agricultural products such as rice, rubber, cassava, bananas, and mangoes.
At a press conference on the release of the East Asia and Pacific Update on Monday, April 1, Aaditya Mattoo, the World Bank's chief economist for the Asia-Pacific region, said: "Exports are a key driver of Cambodia's economic growth as global trade recovers."
He added that the Cambodia-China Free Trade Agreement could facilitate the flow of foreign direct investment from China into Cambodia, as Cambodia has a deep relationship with China in both trade and investment.
According to official data, Cambodia's international trade volume increased by 19.2% in the first two months of this year compared to the same period last year and reached $8.12 billion.
According to Mattoo, Cambodia's economic growth in 2025 is projected to reach around 6.1 percent.
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