Cambodia's GDP growth will reach 7 percent to 15.65 billion USD in2013, thanks to continued increases in tourism, agriculture, garment andconstruction, according the World Bank's economic outlook report issuedon April 26.
The report said the country’stourism and agriculture will continue to see strong performance, whilegarment industry is likely to benefit from improved confidence ofcustomers in the US and the Euro zone.
The construction sector is also forecast to enjoy growth but at a slower pace, it added.
In addition, Cambodia will continue to curb its inflation rate at around 3 percent this year, according to the report.
Speaking at the closing of the annual conference of the CambodianMinistry of Agriculture on the same day, Prime Minister Hun Sen said thecountry recorded an economy growth of 7.3 percent and a GDP per capitaof nearly 1,000 USD in 2012. Its poverty rate fell to 20 percent.
He affirmed that Cambodia will get out of the status of alow-income to a lower-middle-income country by the end of this year,with its GDP per capita is predicted to reach 1,080 dollars.-VNA
The report said the country’stourism and agriculture will continue to see strong performance, whilegarment industry is likely to benefit from improved confidence ofcustomers in the US and the Euro zone.
The construction sector is also forecast to enjoy growth but at a slower pace, it added.
In addition, Cambodia will continue to curb its inflation rate at around 3 percent this year, according to the report.
Speaking at the closing of the annual conference of the CambodianMinistry of Agriculture on the same day, Prime Minister Hun Sen said thecountry recorded an economy growth of 7.3 percent and a GDP per capitaof nearly 1,000 USD in 2012. Its poverty rate fell to 20 percent.
He affirmed that Cambodia will get out of the status of alow-income to a lower-middle-income country by the end of this year,with its GDP per capita is predicted to reach 1,080 dollars.-VNA
