Cambodia Central Bank Deputy Governor: To Raise 2012 GDP Growth View From 7.0%

June 19, 2012
By Oranan Paweewun
Dow Jones News

BANGKOK--The National Bank of Cambodia is planning to revise up 2012 gross domestic product growth forecast from 7.0% at present, due to a recovery in the country's real estate sector and agricultural products prices, Deputy Governor Neav Chanthana said Wednesday.

Inflation isn't a concern for the central bank, which is projecting a 5% inflation rate this year, she told reporters on the sidelines of the Greater Mekong Investment Forum in Bangkok.

Cambodian per capita GDP likely to reach 1,000 USD in 2013: PM

PHNOM PENH, Jan. 24 (Xinhua) -- Cambodian Prime Minister Hun Sen said Tuesday that the country's per capita GDP is expected to reach 1,000 U.S. dollars in 2013 from merely 830 U.S. dollars at the end of 2010.

In the medium term, the country's economic growth is expected to be at least 6 percent annually and the poverty rate will decline at least one percent a year, he said in a meeting with 26 Cambodian ambassadors and eight consuls general to foreign countries.

By the end of 2010, Cambodia's poverty rate stood at 25.8 percent, according to the government statistics.

Cambodia’s GDP growth likely to exceed 8%

August 04, 2011
Ebeling Hefferman

Cambodia’s GDP (Gross Domestic Product) is expected to grow over 8 % this year despite rising inflation, Cambodian Minister of Commerce Cham Prasidh said Thursday.

He said 3 of the country’s four economic pillars, garment exports, tourism, agriculture and real estate, are expected to post strong increases this year.

“Based on the figures in the first half of this year, the garment and textile exports rose up to 45%, tourism industry up by 13%, and agriculture is going well. I believe the country’s economic growth this year will exceed 8%,” the minister said at a press briefing after the conclusion of the 17th Greater Mekong Sub-region Ministerial Conference.

Prime Minister says, Cambodia’s GDP growth higher in Y 2010

January 18, 2011
Paul A. Ebeling, Jnr.
www.livetradingnews.com

Cambodian Prime Minister Hun Sen said Tuesday that the country’s GDP growth in Y 2010 is 5.5%, higher than March’s forecast of 5%.

The growth rate is higher than the forecast by the International Monetary Fund, the Asian Development Bank and the World Bank at 4.8%, 5% and 4.9% respectively.

“Y 2010 was a good year for Cambodian economy with a significant growth of approximately 5.5%, attributive to the growth in tourism, agriculture and garment,” the premier said on Tuesday evening during the official opening of the 30th ASEAN Tourism Forum.

Last year, Cambodia achieved tourism growth of 16% with International tourist arrivals of around 2.5 million, he said.

The premier projects that Cambodia’s poverty line will go down to 19.5% by Y 2015 from 30% and 27.4% in Y 2007 and 2009 respectively.—

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Hun Sen's rosy economic outlook ... albeit not distributed equally nor equitably

Hun Sen estimates that the rate of poverty will be at 30% in 2008

29-02-2008
By Ky Soklim
Cambodge Soir Hebdo
Translated from French by Luc Sâr

The economic growth in the country for 2008 was evaluated at 7.3% versus 9.6% for 2007, and 10.8% in 2006. That was what Hun Sen announced on Thursday 28 February during a conference on economic outlook for the country in 2008.

Hun Sen self-complimented for these numbers, but he regretted that the growth was not distributed equally and equitably.

In 1994, the rate of poverty was at 47%. In 2004, it fell to 24%. No actual survey (on poverty rate) was made in 2004, but based on an (assumed) reduction of more than 1% per year, Hun Sen estimated the rate of poverty at 30% in 2008.

He recalled that the GDP per capita is $589, but that this would reach $1,000 in 2015.