Cambodia predicts economic growth of 6.6% for 2024

Fireworks fill the night sky on Oct 29 to celebrate coronation day of King Norodom Sihamoni in Phnom Penh. – Phnom Penh Post/ANN

PHNOM PENH: Cambodia's economy is projected to witness an upward swing in 2024 with an anticipated growth rate of 6.6%, pushing its gross domestic product (GDP) to approximately 142.96 trillion riel (US$34.52bil), as per the Ministry of Economy and Finance.

The ministry released a summary of the draft 2024 Law on Financial Management on Oct 27, which stated the GDP per capita is predicted to touch US$2,071, marking an increment from US$1,917 in 2023.