Cambodia’s economic growth will stand at 6.7 percent this year and 7.2
percent in 2014, the International Monetary Fund (IMF) has forecast.
According to the IMF, Cambodia’s economy is mainly supported by
the garment industry, tourism, agriculture, real estate and
construction, with the garment and textile sector continuing to play a
key role, accounting for three-quarters of the country’s total export
turnover.
The IMF highly valued the role played by the
Cambodian Government in maintaining a stable and peaceful society,
creating conditions for investment and development.
Official statistics have shown that Cambodia’s average per capita
income reached nearly 1,000 USD in 2012 and is expected to increase to
1,080 USD this year.
The Cambodian Government should
further reforms and economic diversification along with improving
infrastructure and business environment in order to attract foreign
investment, the IMF suggested.-VNA