Cambodia’s dynamic, outward-looking economy

Cambodia is a country of over 16 million inhabitants, and has been a member of ASEAN since January 1, 2016. Its strategic geographical position at the heart of Southeast Asia means it benefits from major inflows of international investment, particularly from Asia (China, Japan, Korea).

Before the COVID-19 crisis, Cambodia’s economy was growing fast (over 7% on average between 2000 and 2019). In 2022, growth is forecast at 4.8%, then 5.2% for 2023 according to the World Bank’s December 2022 report.

The Cambodian economy is mainly oriented towards the export of manufactured goods, mainly textiles, as well as tourism, thanks in particular to the appeal of the Angkor Wat temples in Siem Reap, a UNESCO World Heritage site.

Tourism Development Master Plan 2021-2035

In October 2021, the Cambodian government set up the long-term project to develop the country’s tourism sites, infrastructure, sustainability and connectivity, particularly in the high-growth tourist towns of Siem Reap, home to the temples of Angkor Wat.

In March 2022, Siem Reap inaugurated 108 kilometers of road network thanks to the public investment plan.

In 2022 – 2023, Cambodia plans to introduce financial incentives to support eco-sustainable projects and innovative investments in the tourism sector.

In terms of real estate investment potential, Cambodia has the advantage of being at a less advanced stage of development than countries such as Thailand or Bali. So there are real opportunities to invest under attractive conditions in a market that is still in its infancy.