Cambodia’s economy is projected to grow by 6.3 percent in 2025

Oct 29th at 08:25
29-10-2024 08:25:37+07:00

Cambodia’s economy is projected to grow by 6.3 percent in 2025

The Cambodian government has approved a draft budget of more than $9.3 billion for 2025, with economic growth projected at 6.3 percent.

 

This growth is anticipated through gains in key sectors, including industry (8.6 percent), services (5.6 percent), and agriculture (1.1 percent). Inflation is projected at 2.5 percent.

Cambodia’s GDP is expected to reach about $51.39 billion, and its GDP per capita is $2,429.

The 2025 budget supports institutional development, infrastructure, human resources improvement, and economic diversification. It also focuses on enhancing public services in education, health care, and justice.

The Cambodian economy is forecast to continue its recovery this year, with a growth rate of 6.6 percent, raising its per capita income to $2,071.

khmertimeskh



NEWS SAME CATEGORY

Cambodia ranks third in cashew cultivation area

Cambodia with an estimated 580,117 hectares of cashew cultivation ranks third in the world for the cultivated area of the crop, a senior official of the Ministry of...

Govt cuts 2025 budget expenditure to $9.3 billion

The Royal Government of Cambodia Friday approved a budget bill of approximately 37.950 billion riels ($9.32 billion) for expenditure in 2025, down from 38.829...

Cambodia’s bourse records rise in new trading accounts

CSX Chief Executive Officer Hong Sok Hour said on Friday that the Cambodia Securities Exchange (CSX) has recorded more than 57,000 trading accounts.

Cambodia’s insurance industry sees 3.2 pct growth in Jan.-Sept.

The Insurance Regulator of Cambodia (IRC) said in a report on Friday that Cambodia’s insurance industry recorded a gross premium of $272.8 million in the first nine...

Kingdom’s exports to EU touches $3.3B in Q3

Cambodia’s export to the European Union (EU) surged to $3.29 billion in the first three quarters of 2024, up nearly 20 percent from $2.79 billion compared to the...

Insurance sector logs $28M in gross premium in Sept

Cambodia’s insurance sector logged a total gross premium reaching $28.48 million in September this year, up 5.27 percent from September last year, a report from the...

Cambodia, Thailand hammer out border issues to boost trade ties

Amid the regional economic uncertainty, the Royal Government of Cambodia (RGC) and the Royal Thai Government (RTG) Wednesday discussed mechanisms to accelerate the...

Cambodia attracts $443 million in new FDI

Cambodia attracted Foreign Direct Investment (FDI) worth $443 million in September 2024 which could create about 25,000 more jobs for local people, it was disclosed...

Cambodia, US mull to establish trade management system

The Export Control and Related Border Security (EXBS) Program of the United States and the Royal Government of Cambodia (RGC) Tuesday examined the possibility of...

New car market shifts to top gear in Cambodia

The automotive market in the Kingdom is experiencing a period of significant growth presenting a promising opportunity for manufacturers and distributors of new...


MOST READ


Back To Top