Investment In Cambodia
Economic Trend 1. Gross Domestic Product The Cambodian economy enjoyed rapid growth with an average of 7.6 percent per annum from 1993 to 2003, and continued to reach the high growth of over 10 percent per annum in between 2004 and 2007. Due to the global financial crisis of 2009, the trends went down from 6.7 percent in 2008 to 0.1 percent in 2009. However, the trend has been managed to return in 2010 with a 5.9 percent to the robust growth of 7.1 percent per annum again until 2014. In October 2014, the World Bank named Cambodia to join the Olympians of Growth in its economic update, noting that “Cambodia has grown at a yearly average growth rate of 7.7 percent for two decades now making it the sixth fastest growing country in the world over that time period”. The Asian Development Bank (ADB) is projecting for Cambodia to enjoy healthy growth at 7.3 percent in 2015 and 7.5 percent in 2016, while maintain the stable trade deficit per GDP at around 13.7 percent in 2015 and manage th