Macroeconomic fragilities hamper the outlook

C3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 25.3bn (World ranking 103, World Bank 2020)
Population 16.7mn (World ranking 70, World Bank 2020)
Form of state Constitutional parliamentary monarchy
Head of government Hun Sen (PM)
Next elections 2023, legislative
  • Large growth potential
  • Relatively young population
  • Competitive low-value manufacturing
  • Strong and steady FDI inflows since 2011
  • High degree of regional integration (ASEAN)
  • Benefits from Everything But Arms (EBA) scheme with the European Union (i.e. duty free access)
  • Important infrastructure shortcomings in various areas (energy, transportation, health, education e.g.)
  • High dollarization of the Cambodian economy, limiting an independent exchange rate and monetary policy
  • (Still) dependent on concessional financial assistance
  • High level of perceived corruption and bureaucracy
  • Institutional and regulatory weakness

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
United States 33.4%
1
33.8% China
Japan 7.4%
2
17.9% Thailand
China 7.3%
3
14.7% Vietnam
Germany 6.3%
4
8.9% Singapore
Canada 5.2%
5
3.2% Switzerland

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Articles of apparel & clothing accessories 53.2%
1
21.7% Textile yarn and related products
Footwear 9.4%
2
13.1% Gold, non-monetary (excluding gold ores and concentrates)
Travel goods, handbags, etc. 6.5%
3
5.9% Road vehicles
Gold, non-monetary (excluding gold ores and concentrates) 3.9%
4
5.3% Petroleum, petroleum products and related materials
Miscellaneous manufactured articles, n.e.s. 3.7%
5
4.5% Iron and steel
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