ADB's Asia Economic Monitor

28-07-11 - Cambodia’s economy should pick up this year—growing 6.5% and 6.8% in 2011 and 2012, respectively, says the July edition of ADB's Asia Economic Monitor released today.

Cambodia’s GDP grew 6.3% in 2010, up from 0.1% in 2009 on increased garment exports and higher tourism earnings.

External positions in the region have stayed strong with most countries sporting healthy current account surpluses or small current account deficits. The exceptions are Cambodia and Lao PDR with high current account deficits of 11% and 9%, respectively.

Assessment of Vulnerability (%)
Inflation: 5.2 (Apr 2011)
Fiscal Balance/ GDP (2010): -6.0
Loans/Deposits of Banks: 78.7 (Mar 2011)
Bank lending growth (y-o-y, latest available): 23.9
Current Acct./ GDP (latest available): -11.0 (2010)
External Debt/GDP (2010): 17.9
Short-Term External Debt/Reserves (2010): 6.1
Broad Money/Foreign Reserves (latest available): 1.5
Foreign Reserves (number of months of imports): 3.9
Foreign Liabilities/Foreign assets (latest available) 40.4

Annual GDP Growth (y-o-y, %)
2010: 6.3%
ADO Forecast: 2011: 6.5%; 2012: 6.8%

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