Cambodia’s Prime Minister Hun Manet announced the economic growth forecast for 2025 at 6.3 percent, up from 6 percent in 2024. Key contributors to this growth include garment exports, tourism, agriculture, and real estate. The medium-term predictions aim for about 6.5 percent growth annually, aided by regional trade agreements.

Cambodia has maintained its economic growth forecast at 6.3 percent for 2025, an increase from 6 percent in 2024, as stated by Prime Minister Hun Manet during the Cambodia Outlook Conference 2025. The country’s economy is primarily driven by exports of garments, footwear, travel goods, tourism, agriculture, and real estate and construction sectors. Prime Minister Hun Manet emphasized that this year’s growth will be propelled by enhanced exports and a growing tourism sector, as well as continued positive momentum in agriculture.

Furthermore, while real estate and construction are expected to grow, it will be at a more gradual rate. The Prime Minister also projected that over the medium term, the economy would experience an achievable annual growth rate of approximately 6.5 percent. Hong Vanak, a director at the International Relations Institute of Cambodia, highlighted the significance of regional trade agreements, noting their role in revitalizing Cambodia’s trade and long-term economic sustainability.

In summary, Cambodia is optimistic about its economic growth prospects, projecting a rise to 6.3 percent in 2025. The expansion is supported by several key sectors, including manufacturing, tourism, agriculture, and construction. The influence of regional free trade agreements also plays an instrumental role in enhancing the country’s trade opportunities and economic development.

Original Source: english.news.cn

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