Cambodia's Economy Projected at 6.6 pct in 2024: PM
This photo taken on May 22, 2023 shows a view of the General Tire Technology (Cambodia) factory in the Sihanoukville Special Economic Zone (SSEZ) in Preah Sihanouk Province, Cambodia. Photo by Ly Lay/Xinhua
- By Xinhua News Agency
- April 3, 2024 11:00 AM
PHNOM PENH -- Cambodia is expected to see a 6.6-percent rise in its economy in 2024 from 5.6 percent in 2023, the country's Prime Minister Hun Manet said here on Tuesday.
The Southeast Asian country's growth is mainly driven by garment export, tourism, agriculture, as well as construction and real estate.
"Over decades, Cambodia has undergone a remarkable transformation, evolving into a modern and globally integrated economy," he said in a speech during the opening ceremony of a one-day Cambodia-ASEAN Business Summit here.
"Our growth is projected to return to the pre-pandemic level of 7 percent by 2028, signaling a promising economic future," he added.
Hun Manet said Cambodia's strategic membership in key regional and global trade agreements positions it as a highly integrated player within the dynamic global market.
"Made-in-Cambodia products, encompassing garments and bicycles, are now recognized worldwide for their quality and competitive pricing," he said. "This signifies Cambodia's growing presence in the global marketplace."
