Cambodia’s economic recovery solidified in 2022 with real growth accelerating to 5.2 percent. After shifting to “living with COVID-19” in late 2021, the economy is firmly on a path to recovery and has now returned to its pre-pandemic growth trajectory.

Initially led by the strong performance of export-oriented manufacturing, growth drivers are rotating to the services and agriculture sectors. Driven by pent-up consumer demand, the overall contribution of the services sector to economic growth is returning to the 2019 levels. Underpinned by the complete removal of COVID-19-related mobility restrictions and China’s recent reopening, international arrivals have picked up, reaching 830,000 during the first two months of 2023, approaching pre-pandemic levels.

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