67052
Cambodia Growth Expected  at 7%
Cambodia Growth Expected  at 7%

Cambodia Growth Expected at 7%

Cambodia Growth Expected at 7%

Cambodia’s economic growth is expected at 7% in 2017, driven by garment export, construction, tourism and agriculture, a National Bank of Cambodia expert said on Friday, Xinhua reported. With the expected growth, the country’s gross domestic product will reach about $22 billion, as the GDP per capita is forecast to hit $1,434 this year, Duong Sophak, deputy chief of the NBC’s Economic Research and International Cooperation Division, said during a seminar in Phnom Penh. “Industry (mainly garment and construction) and service sector (tourism, transport and telecom, trade and real estate) will significantly contribute to the economic growth, as agriculture will see a marginal contribution to the growth,” he said. Sophak said garment export and construction were forecast to grow by 10% and 14% respectively in 2017, as tourism was projected to see strong growth based on the 12% rise in tourist arrivals during the first four months of this year.

 

Short URL : https://goo.gl/2ssB4b
  1. https://goo.gl/WPLQ4q
  • https://goo.gl/AdhVNT
  • https://goo.gl/CnjHgi
  • https://goo.gl/Rfv3WF
  • https://goo.gl/oX8UjS

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus