Cambodia’s economy is forecast to grow at 5.8 per cent in 2024 and 6 per cent in 2025, according to the latest edition of the Asian Development Bank’s (ADB) flagship economic report. These optimistic predictions are largely attributed to the nation’s robust manufacturing sector.
The Cambodian economy is expected to build on its 5 per cent growth in 2023, spurred by sustained activity in manufacturing outside the garment, footwear, and travel goods (GFT) sector. The forecast economic expansion over the next two years is set to be bolstered by a surge in export-oriented manufacturing, as per the Asian Development Outlook (ADO) April 2024 report.
