Cambodia Economic Overview - Cambodia's GDP in 2023 reached approximately 32.17billion,withagrowthrateof5.61,917 [6] - The three major industries in Cambodia are agriculture (21.9% of GDP), industry (37.7% of GDP), and services (33.7% of GDP) as of 2022 [7] - The inflation rate in Cambodia was 5% in 2022 and decreased to 2.5% in 2023 [8] Key Industries in Cambodia Agriculture - Cambodia's agricultural output in 2023 was 36.81 million tons, a 6% increase YoY, with rice production reaching 12.5 million tons [9] - Agricultural exports totaled 8.82 million tons, valued at over 4.8billion,exportedto78countries,withriceexportsreaching4milliontons,a26.518.57 billion, an 11.2% increase YoY, with industrial output valued at 16.37billion,a3.41.415 billion in tourism revenue, contributing 3.6% to GDP [11] - The top five sources of tourists were Thailand, Vietnam, China, Laos, and the US [11] Digital and Green Economy - Cambodia's digital economy is defined by the use of internet-based technologies in production and service exchange, with 69 e-commerce companies registered by February 2023, including Google, Facebook, and Amazon [11][12] - The green economy focuses on green agriculture, transportation, energy, and tourism, with hydropower capacity reaching 1,332 MW and solar power capacity at 377 MW by the end of 2022 [12] Trade and Investment Environment Foreign Trade - Cambodia's total foreign trade in 2023 was 46.83billion,a1.922.65 billion and imports at 24.18billion[13][14]−TheUSisCambodia′slargestexportmarket,whileChinaisthelargestimportsource[16]InvestmentEnvironment−Cambodiaoffersaliberalizedmarketeconomy,preferentialtradeagreements,andlowlaborcosts,makingitattractiveforforeigninvestment[22]−Thecountryranks106thintheGlobalCompetitivenessIndex(2019)and144thintheEaseofDoingBusinessIndex(2020)[22]China−CambodiaTradeRelations−BilateraltradebetweenChinaandCambodiareached16.02 billion in 2022, a 17.5% increase YoY, but decreased to 14.824billionin2023,a5.312.75 billion, while imports from Cambodia were $2.07 billion [20] Key Investment Considerations - Cambodia's investment environment faces challenges such as underdeveloped infrastructure, high costs, and bureaucratic inefficiencies [32] - The EU revoked some tariff preferences for Cambodia in 2020, and the US GSP expired in 2021, impacting trade competitiveness [32] Major Cambodian Enterprises - Notable Cambodian companies include The Royal Group, Canadia Investment Holding, and Chip Mong Group, operating in sectors like telecommunications, finance, and real estate [12] Chinese Enterprises in Cambodia - Major Chinese companies in Cambodia include China Bank, Huawei, and China Huadian, operating in sectors like banking, technology, and energy [35]