Cambodia Economic Update, May 2019 : Recent Economic Developments and Outlook

World Bank Group

World Bank, Phnom Penh

关键词: ECONOMIC GROWTH;    ECONOMIC OUTLOOK;    FOREIGN DIRECT INVESTMENT;    CAPITAL INFLOWS;    CURRENT ACCOUNT DEFICIT;   

RP-ID  :  136575

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Preliminary estimates show real growthachieved a four-year high of 7.5 percent in 2018, comparedto 7.0 percent in 2017. Driven primarily by rapid expansionof exports and robust internal demand, the economy performedbetter-than expected. Exports burgeoned as external demand,especially in the United States and European Union markets,strengthened. Garment and footwear exports which account formore than two-thirds of total merchandise exports, recordeda five-year high,rising by 17.6 percent in 2018, up from 8.3percent in 2017. Upbeat consumer confidence led to a surgein imports. Motor vehicles and steel imports, which gaugedomestic consumption and construction demands, rose by 50percent and 48 percent, respectively. The current accountdeficit widened to 10.4 percent of GDP in 2018, from 9.7percent of GDP in 2017, but remained fully financed byforeign direct investment (FDI). FDI is estimated to havereached a record high of more than 3.0 billion US dollars or13.4 percent of GDP in 2018. Burgeoning exports and strongFDI inflows have contributed to further accumulation ofgross international reserves, which in 2018 reached 10.1billion US dollars or about six months of prospective imports.