Compass Cambodia report - The Cambodian economy is forecast to increase at a rate of around 4.8 percent in 2022, bringing the gross domestic product (GDP) to around 124 162 billion riels ($30.544 billion), up from $1,730 in 2021. Per capita GDP is expected to reach $1,842 in 2022, up from $1,730 in 2021.
This growth is backed by the ongoing growth of important economic sectors such as: Industry; the industrial sector is anticipated to increase at a pace of 7.7% by 2022, according to the Law on Finance's 2022 Management Report. Agriculture: The agricultural sector is expected to grow at a slower rate of 1.1 percent by 2022, with continued good growth in the crop and livestock sub-sectors. Services: The services sector is expected to grow at 4.1 percent due to the recovery of the hotel, restaurant, and other tourism sectors. Agriculture: The agricultural sector is projected to grow at a slower rate of 1.1 percent by 2022, with the expectation of continued good growth in the crop and livestock sub-sectors.
Overall, the Cambodian economy is predicted to rebound at a faster rate in 2022, despite a number of local and international problems and hazards that could stymie economic progress and disrupt overall development.
Source: Compass Cambodia comprehensive arrangement
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