Cambodia's economy projected to grow at 6.3% in 2025: Draft budget

01 Nov '24

2 min read

Cambodia's economy projected to grow at 6.3% in 2025: Draft budget

Pic: Adobe Stock

Insights

Cambodia has approved a draft budget of more than $9.3 billion for 2025, down from $9.54 billion in 2024, with economic growth projected at 6.3 per cent.
The country's GDP is expected to reach about $51.39 billion next year, and its GDP per capita is $2,429.
The industry is projected to grow at 8.6 per cent and agriculture at 1.1 per cent.
Inflation is projected at 2.5 per cent in 2025.

Cambodia recently approved a draft budget of more than $9.3 billion for next year, down from $9.54 billion in 2024, with economic growth projected at 6.3 per cent.

The draft Budget Bill 2025 was approved at a cabinet meeting chaired by Prime Minister Hun Manet on October 25. The budget for 2025 accounts for 18.14 per cent of gross domestic product (GDP).

The country’s GDP is expected to reach about $51.39 billion next year, and its GDP per capita is $2,429.

The industry is projected to grow at 8.6 per cent, services at 5.6 per cent and agriculture at 1.1 per cent. Inflation is projected at 2.5 per cent next year.

The draft will now be submitted to the National Assembly for review and approval followed by the Senate for final review and approval before its submission for the endorsement from King Norodom Sihamoni.

“The 2025 budget will serve as an effective policy tool for the Royal Government of Cambodia to maintain, protect and further strengthen the great achievements that Cambodia has achieved in the past, as well as to continue to lay the foundation for Cambodia’s further development,” an official release stated.

At the meeting, Manet instructed ministries and institutions to review the implementation of policies and procedures to facilitate investment by attracting new investors and paying attention to existing investors, domestic media outlets reported.

Fibre2Fashion News Desk (DS)

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