Cambodia, The Fastest Growing Economies In Southeast Asia, And Third In Asia In 2024

Phnom Penh, April 06, 2024 --

Cambodia leads the growth projection in Southeast Asia in 2024, according to Seasia Stats based on Southeast Asia’s 2024 GDP growth projection from the IMF’s October 2023 Outlook and January 2024 update.

“Cambodia tops the list with 6.1 percent, while the Philippines ranks second with 5.9 percent and Vietnam third with 5.8 percent,” the source said.

For Asia, the Kingdom sits third among the top 25 fastest growing economies in Asia in 2024, just behind Macao and India with 27.2 and 6.3 percent, respectively.

The rankings show the ability of the new Royal Government of Cambodia under the leadership of Samdech Moha Borvor Thipadei Hun Manet, especially to boost the economic recovery after the COVID-19 crisis and the Ukraine-Russia war crisis.

Cambodia’s economy is mainly driven by garment, footwear and travel goods exports, tourism, agriculture, and real estate and construction.