Cambodia’s economy remains robust in 2023 despite weakening global demand, say experts

Cambodia’s economic growth remained strong in 2023 despite weakening global demand and a slowdown in real estate, a government official and economic experts have said.

Economy and Finance Minister Aun Pornmoniroth said the economy was expected to grow by 5.6 per cent in 2023, pushing up the Southeast Asian country’s gross domestic product (GDP) to US$32.17 billion.

“For 2024, Cambodia’s economy is forecast to achieve a growth rate of around 6.6 per cent, which will increase the GDP to US$35.16 billion,” he told the parliament during a 2024 budget law debate in mid-November.

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