Source: FN
Cambodian Prime Minister Hun Sen expressed optimism that if Cambodian economy continued to grow as at 7% per annum, the average GDP per person will be increased from $1,560 in 2018 to over $2,000 by 2023, addressing to 27,444 workers from 24 factories in Kompong Speu province on Wednesday.
Amid the 2018 election in Cambodia, Cambodian economy continued to grow from 7.1% in 2017 to 7.2% in 2018, according to the ASEAN+3 Macroeconomic Research Office (AMRO)
“Last year, Cambodia had achieved a growth rate of 7%, and in this year’s budget plan, we set the macroeconomic framework to be 7% and the inflation rate below 3.5%, while AMRO stated that Cambodian economy will grow at 7.2% with just 3.1% inflation rate,” said Prime Minister Hun Sen.
Cambodia will transform to higher middle income country by 2030 and high income country by 2050.