Cambodia leads the growth projection in Southeast Asia in 2024, according to Seasia Stats based on Southeast Asia’s 2024 GDP growth projection from the IMF’s October 2023 Outlook and January 2024 update.
“Cambodia tops the list with 6.1 percent, while the Philippines ranks second with 5.9 percent and Vietnam third with 5.8 percent.”
For Asia, the Kingdom sits third among the top 25 fastest-growing economies in 2024, just behind Macao and India with 27.2 and 6.3 percent, respectively.
The rankings underscore the effective leadership of the new Royal Government of Cambodia, led by Mr Hun Manet, in driving the economic recovery post the COVID-19 and the Ukraine-Russia war crises.
Cambodia’s robust economy is propelled by a diverse range of sectors, including garment, footwear and travel goods exports, tourism, agriculture, and real estate and construction. khmertimeskh