ANN/THE STAR – The Cambodia Ministry of Economy and Finance’s Budget in Brief for the Fiscal Year 2024 anticipates the per capita income (PCI) for the Cambodian population will surpass USD 2,000 (MYR93,000) in 2024, reflecting a growth of more than eight percent compared to the figures from 2023.
The economic expansion is expected to reach approximately 6.6 per cent, contributing to an augmented gross domestic product (GDP) of around KHR142.96 trillion (USD34.92 billion).
GDP per capita is anticipated to rise to USD2,071 this year, up from an estimated USD1,917 in 2023 and USD1,784 in 2022.
Director of International Economics at the Royal Academy of Cambodia Hong Vanak, told The Post that forecasts for the country’s income growth are the result of meticulous observation and study by experts.
He said there is currently a significant influx of investment in all sectors of the country, noting that as local socio-economic activities have progressed, the per capita income level has risen correspondingly.
He highlighted that the government’s commitment to enhancing the quality of life and income of the people continues to instil hope for the populace.
Vanak noted that the country’s exports to international markets in the past year have shown positive trends despite a sluggish global economy.
