Cambodia’s economy: what to watch for in 2022

Prior to the Covid-19 pandemic, Cambodia was a world leader in economic growth and poverty reduction. It sustained an average growth rate of 7.7% between 1995 and 2019, raising its per capita income from US$323 in 1995 to $1,621 in 2019, and graduated to a lower-middle-income economy in 2015. The poverty rate fell from 47.8% in 2007 to 13.5% in 2014.

Like every country, Cambodia’s economy as well as society as a whole has been severely affected by the Covid-19 pandemic.

Nonetheless, since last November, Cambodia has reopened the country and started to live with Covid-19, betting on the kingdom’s herd immunity built upon one of the world’s highest vaccination rates.

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