Cambodia's economy to grow at 6.6% in 2024 from 5.6% in 2023: Ministry
30 Oct 23 1 min read
Insights
- Cambodia's ministry of economy and finance recently projected the country's GDP per capita to hit $2,071 next year—up from some $1,917 this year—and the economy to grow at 6.6 per cent—up from around 5.6 per cent this year.
- The country targets an upper middle-income status by 2030 and a high-income status by 2050, according to Prime Minister Hun Manet.
The country targets an upper middle-income status by 2030 and a high-income status by 2050, Prime Minister Hun Manet recently told a gathering of garment workers in Phnom Penh.
The poverty rate had dropped from 33.8 per cent in 2009 to 17.8 per cent in 2019, with almost 2 million Cambodians escaping poverty, the prime minister was quoted as saying by a news agency.
With a population of nearly 17 million, people living below the poverty line are defined by an income of less than 10,951 riel ($2.7) per day, according to the World Bank.
Related News
- Inflation in Bangladesh drops slightly to 9.74% in Apr; non-food 9.34%
- Egypt's chemical industry 3rd-largest export contributor in Q1 2024
- China’s current account surplus $39.2 bn in Q1 2024: Official data
- China's CPI rises 0.3% YoY, 0.1% MoM in Apr 2024; core CPI up 0.7% YoY
- Cambodia's apparel industry resilient, exports up 20% in Jan-Apr 2024
- Bank of England keeps interest rates unchanged at 5.25%
Fibre2Fashion News Desk (DS)
Popular News
|
USDA predicts surge in global cotton supply for 2024-25 season |
|
ICE cotton faces heavy selling; prices drop despite positive factors |
|
US cotton exports see notable increase over last week: USDA |
|
Bangladesh business leaders meet to discuss RMG sector challenges |
|
Bangladesh Bank’s exchange rate policy change sparks taka freefall |
|
Cotton yarn prices down in Delhi, sentiments weak in north India |