Cambodia’s GDP expected to grow at 5% in 2022: NBC report

The Cambodian economy is likely to grow at around 5 per cent this year compared three per cent last year, but the inflationary pressures being witnessed across the world can cut into the purchasing power of the country’s households as well, according to the Financial Stability Report 2021, released by the National Bank of Cambodia (NBC) recently.

The country’s gross domestic product (GDP) growth in 2022 will be primarily supported by agricultural exports, transport, telecommunications and improved investment flows and remittances from overseas workers.

In terms of trade and investment, the country is expected to benefit from the Regional Comprehensive Economic Partnership (RCEP) agreement, bilateral free trade agreements and the introduction of new investment law, it said.

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