Maintaining High Growth : Cambodia Economic Update, April 2015
Cambodia continues to enjoy robust growth, albeit at a slightly slower pace. Real growth in 2014 is estimated to have reached 7.0 percent. The garment sector, together with construction and services, in particular finance and real estate, continues...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Phnom Penh
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/04/24427602/cambodia-economic-update-maintaining-high-growth http://hdl.handle.net/10986/21904 |
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okr-10986-21904 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MONETARY POLICY DEFICIT DEPOSIT CAPITAL MARKETS HOLDING REGULATORY FRAMEWORK FOREIGN CURRENCY LOANS INTEREST INCOME GOVERNMENT EXPENDITURES OIL PRICE ACCOUNTING DEPOSITS BROAD MONEY FINANCIAL MANAGEMENT FISCAL DEFICITS INFORMATION SYSTEM MACROECONOMIC MANAGEMENT FOREIGN EXCHANGE MARKET INTEREST PUBLIC INVESTMENTS JUDICIAL REFORMS GOVERNMENT SPENDING INTEREST RATE EXCHANGE GOVERNMENT REVENUES LOCAL GOVERNMENTS ECONOMIC DEVELOPMENTS BANKING SYSTEM MACROECONOMIC POLICY RESERVE REQUIREMENTS INTERNATIONAL FINANCIAL MARKETS DEPOSIT INTEREST REVENUES OUTSTANDING CREDIT BONDS DEVALUATION LOAN TRADE SECTOR TAX INCOME TAX BUDGETING FOREIGN EXCHANGE MARKETS RESERVE INVESTMENT REGIME MARKET INFORMATION INFLATION PENSION DEBT BURDEN LENDER SAFETY NETS BUDGET MARKET PARTICIPANTS CENTRAL BANK MACROECONOMIC STABILITY LABOR MARKET HUMAN RESOURCE TRADE BALANCE OIL PRICES EXCHANGE COMMISSION CURRENCY DOMESTIC CURRENCY EXPORT GROWTH RESERVE BANK INCOME GROWTH FINANCES FOREIGN CURRENCIES EXCHANGE RATES TRADING INTEREST RATES DOMESTIC CURRENCIES MARKETS DEBT CAPITAL MARKET RETURN DEFICITS OPEN ECONOMY BUSINESS CYCLE AGRICULTURAL COMMODITY LOANS DIRECT INVESTMENT RESERVES DEBT SERVICE CAPITAL INVESTMENTS PENSION FUNDS MONETARY AUTHORITIES BANK FINANCING FINANCE FOREIGN CURRENCY DOMESTIC BANK PUBLIC INVESTMENT CURRENT ACCOUNT DEFICITS TAXES BANKING SECTOR FISCAL DEFICIT EXPENDITURE TRANSACTIONS INVESTMENT REGIMES EQUITY CREDIT EXPANSION INVESTORS FEDERAL RESERVE FOREIGN EXCHANGE RESERVES GOOD TAX INCENTIVE TAX RATE DEBT REDUCTION FEDERAL RESERVE BANK INTERNATIONAL TRADE TRANSPARENCY FINANCIAL STABILITY EXPORT COMPETITIVENESS FINANCIAL CRISIS FUTURE FOREIGN DIRECT INVESTMENT RETURNS LENDER OF LAST RESORT TREASURY BILLS BUDGETS PURCHASING POWER PRUDENTIAL REGULATIONS INVESTOR CONFIDENCE EQUITY FUNDS PRICE STABILITY EXPENDITURES PROPERTY CURRENT ACCOUNT DEFICIT TAX RATES SHARES FACE VALUE MARKET POLITICAL UNCERTAINTY LOCAL CURRENCY FOREIGN EXCHANGE IMPLICIT GUARANTEE SECURITIES PUBLIC DEBT TREASURY PRODUCTIVE INVESTMENTS HOLDINGS CURRENCIES GOVERNMENT BONDS INVESTOR GOODS FIXED ASSETS SECURITY INTERNATIONAL MARKET PRICE RISKS NATIONAL BANK INVESTMENT DOMESTIC CREDIT HUMAN RESOURCES SHARE INVESTMENT CLIMATE SHORT-TERM INTEREST RATE POVERTY FINANCIAL MARKETS POLITICAL STABILITY BID CAPITAL INFLOWS REVENUE EXTERNAL DEBT PROFIT INVESTMENTS RISK MANAGEMENT LENDING CONSUMER PRICE INDEX CREDIT GROWTH EXCHANGE RATE PUBLIC SPENDING PROFITS LOCAL CURRENCIES CAPITAL INVESTMENT COMMODITY PRICES ARREARS LIQUID ASSETS FOREIGN HOLDINGS GUARANTEE CONSUMER PROTECTION LAND POLICY |
| spellingShingle |
MONETARY POLICY DEFICIT DEPOSIT CAPITAL MARKETS HOLDING REGULATORY FRAMEWORK FOREIGN CURRENCY LOANS INTEREST INCOME GOVERNMENT EXPENDITURES OIL PRICE ACCOUNTING DEPOSITS BROAD MONEY FINANCIAL MANAGEMENT FISCAL DEFICITS INFORMATION SYSTEM MACROECONOMIC MANAGEMENT FOREIGN EXCHANGE MARKET INTEREST PUBLIC INVESTMENTS JUDICIAL REFORMS GOVERNMENT SPENDING INTEREST RATE EXCHANGE GOVERNMENT REVENUES LOCAL GOVERNMENTS ECONOMIC DEVELOPMENTS BANKING SYSTEM MACROECONOMIC POLICY RESERVE REQUIREMENTS INTERNATIONAL FINANCIAL MARKETS DEPOSIT INTEREST REVENUES OUTSTANDING CREDIT BONDS DEVALUATION LOAN TRADE SECTOR TAX INCOME TAX BUDGETING FOREIGN EXCHANGE MARKETS RESERVE INVESTMENT REGIME MARKET INFORMATION INFLATION PENSION DEBT BURDEN LENDER SAFETY NETS BUDGET MARKET PARTICIPANTS CENTRAL BANK MACROECONOMIC STABILITY LABOR MARKET HUMAN RESOURCE TRADE BALANCE OIL PRICES EXCHANGE COMMISSION CURRENCY DOMESTIC CURRENCY EXPORT GROWTH RESERVE BANK INCOME GROWTH FINANCES FOREIGN CURRENCIES EXCHANGE RATES TRADING INTEREST RATES DOMESTIC CURRENCIES MARKETS DEBT CAPITAL MARKET RETURN DEFICITS OPEN ECONOMY BUSINESS CYCLE AGRICULTURAL COMMODITY LOANS DIRECT INVESTMENT RESERVES DEBT SERVICE CAPITAL INVESTMENTS PENSION FUNDS MONETARY AUTHORITIES BANK FINANCING FINANCE FOREIGN CURRENCY DOMESTIC BANK PUBLIC INVESTMENT CURRENT ACCOUNT DEFICITS TAXES BANKING SECTOR FISCAL DEFICIT EXPENDITURE TRANSACTIONS INVESTMENT REGIMES EQUITY CREDIT EXPANSION INVESTORS FEDERAL RESERVE FOREIGN EXCHANGE RESERVES GOOD TAX INCENTIVE TAX RATE DEBT REDUCTION FEDERAL RESERVE BANK INTERNATIONAL TRADE TRANSPARENCY FINANCIAL STABILITY EXPORT COMPETITIVENESS FINANCIAL CRISIS FUTURE FOREIGN DIRECT INVESTMENT RETURNS LENDER OF LAST RESORT TREASURY BILLS BUDGETS PURCHASING POWER PRUDENTIAL REGULATIONS INVESTOR CONFIDENCE EQUITY FUNDS PRICE STABILITY EXPENDITURES PROPERTY CURRENT ACCOUNT DEFICIT TAX RATES SHARES FACE VALUE MARKET POLITICAL UNCERTAINTY LOCAL CURRENCY FOREIGN EXCHANGE IMPLICIT GUARANTEE SECURITIES PUBLIC DEBT TREASURY PRODUCTIVE INVESTMENTS HOLDINGS CURRENCIES GOVERNMENT BONDS INVESTOR GOODS FIXED ASSETS SECURITY INTERNATIONAL MARKET PRICE RISKS NATIONAL BANK INVESTMENT DOMESTIC CREDIT HUMAN RESOURCES SHARE INVESTMENT CLIMATE SHORT-TERM INTEREST RATE POVERTY FINANCIAL MARKETS POLITICAL STABILITY BID CAPITAL INFLOWS REVENUE EXTERNAL DEBT PROFIT INVESTMENTS RISK MANAGEMENT LENDING CONSUMER PRICE INDEX CREDIT GROWTH EXCHANGE RATE PUBLIC SPENDING PROFITS LOCAL CURRENCIES CAPITAL INVESTMENT COMMODITY PRICES ARREARS LIQUID ASSETS FOREIGN HOLDINGS GUARANTEE CONSUMER PROTECTION LAND POLICY World Bank Group Maintaining High Growth : Cambodia Economic Update, April 2015 |
| geographic_facet |
East Asia and Pacific Cambodia |
| description |
Cambodia continues to enjoy robust
growth, albeit at a slightly slower pace. Real growth in
2014 is estimated to have reached 7.0 percent. The garment
sector, together with construction and services, in
particular finance and real estate, continues to propel
growth. However, there are signs of weaknesses in garment
and agricultural production that are slightly slowing
growth. Overall macroeconomic management remains
appropriate. Fiscal consolidation continues with further
improvements in revenue collection resulting from enhanced
administration. Poverty continues to fall in Cambodia
(poverty headcount rate in 2012 was 17.7 percent) although
the pace of poverty reduction has declined significantly.
Cambodia’s real growth rate is expected to moderate to 6.9
percent in 2015 and 2016, as it confronts stronger
competition in garment exports, continued weak agriculture
sector growth, and softer growth in the tourism sector.
Recent developments include: the garment sector continues to
be one of Cambodia’s main engines of growth, the external
position remains stable, supported by healthy foreign direct
investment inflows, underpinning the overall macroeconomic
stability, Exchange rate targeting continues to support
price stability, inflation has eased significantly with
continuing depressed food prices and the recent decline in
oil prices, and financial deepening continues, supporting
economic expansion as deposit and credit growth accelerated
quickly in 2014. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Maintaining High Growth : Cambodia Economic Update, April 2015 |
| title_short |
Maintaining High Growth : Cambodia Economic Update, April 2015 |
| title_full |
Maintaining High Growth : Cambodia Economic Update, April 2015 |
| title_fullStr |
Maintaining High Growth : Cambodia Economic Update, April 2015 |
| title_full_unstemmed |
Maintaining High Growth : Cambodia Economic Update, April 2015 |
| title_sort |
maintaining high growth : cambodia economic update, april 2015 |
| publisher |
World Bank, Phnom Penh |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/04/24427602/cambodia-economic-update-maintaining-high-growth http://hdl.handle.net/10986/21904 |
| _version_ |
1764449580622020608 |
| spelling |
okr-10986-219042021-04-23T14:04:05Z Maintaining High Growth : Cambodia Economic Update, April 2015 World Bank Group MONETARY POLICY DEFICIT DEPOSIT CAPITAL MARKETS HOLDING REGULATORY FRAMEWORK FOREIGN CURRENCY LOANS INTEREST INCOME GOVERNMENT EXPENDITURES OIL PRICE ACCOUNTING DEPOSITS BROAD MONEY FINANCIAL MANAGEMENT FISCAL DEFICITS INFORMATION SYSTEM MACROECONOMIC MANAGEMENT FOREIGN EXCHANGE MARKET INTEREST PUBLIC INVESTMENTS JUDICIAL REFORMS GOVERNMENT SPENDING INTEREST RATE EXCHANGE GOVERNMENT REVENUES LOCAL GOVERNMENTS ECONOMIC DEVELOPMENTS BANKING SYSTEM MACROECONOMIC POLICY RESERVE REQUIREMENTS INTERNATIONAL FINANCIAL MARKETS DEPOSIT INTEREST REVENUES OUTSTANDING CREDIT BONDS DEVALUATION LOAN TRADE SECTOR TAX INCOME TAX BUDGETING FOREIGN EXCHANGE MARKETS RESERVE INVESTMENT REGIME MARKET INFORMATION INFLATION PENSION DEBT BURDEN LENDER SAFETY NETS BUDGET MARKET PARTICIPANTS CENTRAL BANK MACROECONOMIC STABILITY LABOR MARKET HUMAN RESOURCE TRADE BALANCE OIL PRICES EXCHANGE COMMISSION CURRENCY DOMESTIC CURRENCY EXPORT GROWTH RESERVE BANK INCOME GROWTH FINANCES FOREIGN CURRENCIES EXCHANGE RATES TRADING INTEREST RATES DOMESTIC CURRENCIES MARKETS DEBT CAPITAL MARKET RETURN DEFICITS OPEN ECONOMY BUSINESS CYCLE AGRICULTURAL COMMODITY LOANS DIRECT INVESTMENT RESERVES DEBT SERVICE CAPITAL INVESTMENTS PENSION FUNDS MONETARY AUTHORITIES BANK FINANCING FINANCE FOREIGN CURRENCY DOMESTIC BANK PUBLIC INVESTMENT CURRENT ACCOUNT DEFICITS TAXES BANKING SECTOR FISCAL DEFICIT EXPENDITURE TRANSACTIONS INVESTMENT REGIMES EQUITY CREDIT EXPANSION INVESTORS FEDERAL RESERVE FOREIGN EXCHANGE RESERVES GOOD TAX INCENTIVE TAX RATE DEBT REDUCTION FEDERAL RESERVE BANK INTERNATIONAL TRADE TRANSPARENCY FINANCIAL STABILITY EXPORT COMPETITIVENESS FINANCIAL CRISIS FUTURE FOREIGN DIRECT INVESTMENT RETURNS LENDER OF LAST RESORT TREASURY BILLS BUDGETS PURCHASING POWER PRUDENTIAL REGULATIONS INVESTOR CONFIDENCE EQUITY FUNDS PRICE STABILITY EXPENDITURES PROPERTY CURRENT ACCOUNT DEFICIT TAX RATES SHARES FACE VALUE MARKET POLITICAL UNCERTAINTY LOCAL CURRENCY FOREIGN EXCHANGE IMPLICIT GUARANTEE SECURITIES PUBLIC DEBT TREASURY PRODUCTIVE INVESTMENTS HOLDINGS CURRENCIES GOVERNMENT BONDS INVESTOR GOODS FIXED ASSETS SECURITY INTERNATIONAL MARKET PRICE RISKS NATIONAL BANK INVESTMENT DOMESTIC CREDIT HUMAN RESOURCES SHARE INVESTMENT CLIMATE SHORT-TERM INTEREST RATE POVERTY FINANCIAL MARKETS POLITICAL STABILITY BID CAPITAL INFLOWS REVENUE EXTERNAL DEBT PROFIT INVESTMENTS RISK MANAGEMENT LENDING CONSUMER PRICE INDEX CREDIT GROWTH EXCHANGE RATE PUBLIC SPENDING PROFITS LOCAL CURRENCIES CAPITAL INVESTMENT COMMODITY PRICES ARREARS LIQUID ASSETS FOREIGN HOLDINGS GUARANTEE CONSUMER PROTECTION LAND POLICY Cambodia continues to enjoy robust growth, albeit at a slightly slower pace. Real growth in 2014 is estimated to have reached 7.0 percent. The garment sector, together with construction and services, in particular finance and real estate, continues to propel growth. However, there are signs of weaknesses in garment and agricultural production that are slightly slowing growth. Overall macroeconomic management remains appropriate. Fiscal consolidation continues with further improvements in revenue collection resulting from enhanced administration. Poverty continues to fall in Cambodia (poverty headcount rate in 2012 was 17.7 percent) although the pace of poverty reduction has declined significantly. Cambodia’s real growth rate is expected to moderate to 6.9 percent in 2015 and 2016, as it confronts stronger competition in garment exports, continued weak agriculture sector growth, and softer growth in the tourism sector. Recent developments include: the garment sector continues to be one of Cambodia’s main engines of growth, the external position remains stable, supported by healthy foreign direct investment inflows, underpinning the overall macroeconomic stability, Exchange rate targeting continues to support price stability, inflation has eased significantly with continuing depressed food prices and the recent decline in oil prices, and financial deepening continues, supporting economic expansion as deposit and credit growth accelerated quickly in 2014. 2015-05-19T17:06:45Z 2015-05-19T17:06:45Z 2015-04-07 Report http://documents.worldbank.org/curated/en/2015/04/24427602/cambodia-economic-update-maintaining-high-growth http://hdl.handle.net/10986/21904 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Phnom Penh Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific Cambodia |