Cambodia’s Ministry of Economy and Finance predicts that the economy will grow by approximately 6.6% in 2024, despite external challenges like geopolitical tensions and a global economic slowdown.
The projection is based on improvements in the non-garment sector and tourism, coupled with a significant early-year rebound in the garment sector.
Ministry Secretary of State Phan Phalla projects that the country’s gross domestic product (GDP) would reach approximately 142.96 trillion riels (about $35.17 billion) this year, with GDP per capita expected to rise to $2,071, compared to $1,917 in 2023.
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