CAMBODIA

Macroeconomic fragilities hamper the outlook

C3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD20.0bn (World ranking 106, World Bank 2016)
Population 15.8mn (World ranking 70, World Bank 2016)
Form of state Multiparty democracy under a constitutional monarchy
Head of government Hun SEN (Prime Minister)
Next elections 2018, general elections
  • 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)

Exports Rank Imports
United States 18%
1
28% China
Germany 8%
2
24% Thailand
United Kingdom 8%
3
15% Vietnam
Japan 7%
4
5% China, Hong Kong SAR
Singapore 6%
5
5% Singapore

Trade structure by product

(% of total)

Exports Rank Imports
Articles of apparel & clothing accessories 62%
1
26% Textile yarn and related products
Footwear 9%
2
7% Road vehicles
Vegetables and fruits 3%
3
5% Petroleum, petroleum products and related materials
Road vehicles 3%
4
4% Specialised machinery
Crude fertilizers other than division 56, and crude minerals 2%
5
4% Miscellaneous manufactured articles, n.e.s.

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Contact Mahamoud Islam

Senior Economist for Asia

mahamoud.islam@eulerhermes.com

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