Cambodia sees 7 pct GDP growth in 2013

Cambodia’s economy grew by 7 percent in 2013 despite political instability, the National Bank of Cambodia (NBC) reported on January 21.

Cambodia’s economy grew by 7 percent in 2013 despite political instability, the National Bank of Cambodia (NBC) reported on January 21.

The growth rate last year was lower than the 7.3 percent expansion recorded in 2012, according to the NBC figures.

According to the government's figures, the Southeast Asian nation attracted 4.9 billion USD in domestic and foreign investment in 2013, up 69 percent year-on-year.

The country also maintained an inflation rate at around 4 percent, one of the lowest in the region.

The same day, the Ministry of Commerce said Cambodia's total foreign trade amounted to 15.9 billion USD in 2013, up 18 percent compared with 13.4 billion USD the year before.

Cambodia's major trading partners are the United States, European countries, China, Vietnam, Thailand, Singapore, Malaysia and Japan.

Export staples of Cambodia include garment, farm produce, raw rubber and aquatic products, while it imports large volume of fuels, materials and accessories for the garment industry and consumer goods.-VNA

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