Cambodia’s real GDP is expected to grow by 5.8% in 2023, driven by a recovery in tourism. Easing inflation, supportive fiscal policies, and slower export growth are also factors. Risks include slower growth in China.
Key View
- We forecast real GDP growth of 5.8% in Cambodia in 2023, up from 5.2% in 2022, driven primarily by a strong recovery in tourism.
- Easing inflation and a broadly supportive fiscal policy stance will also support growth in consumption and investment, while export growth will likely slow amid weaker demand in key trading partners.
- The risks to our forecasts remain mostly skewed to the downside, with slower-than-expected growth in Mainland China likely to weigh on tourism and investment.
We maintain our forecast for real GDP growth of 5.8% in Cambodia in 2023, an increase from 5.2% in 2022 and one of the fastest rates expected among South East Asian markets.
Source : Tourism Recovery To Drive Robust Short-Term Growth In Cambodia