Cambodia's Revenue and Growth Forecasts 2021
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B2B Cambodia
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The latest data for Cambodia, suggests the Cambodian government expects to earn tax and customs income of at least $5 billion by the end of 2021, while growth is forecast to be 2.5 per cent.
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Cambodian Government Revenue 2021
The Cambodian government tax revenue collection from January-July 2021 totalled USD $3.061 billion, reported the Khmer Times and Phnom Penh Post. The average monthly tax revenue collection is approximately $400 million per month.- Tax Revenue Collection: $1.716 billion (Jan-July)
- Customs income: $1.345 billion (Jan-July)
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Growth Forecast 2021
Earlier in 2021, the financial outlook for Cambodia suggested growth of around 4 per cent according to the Asian Development Bank’s (ADB), ASEAN+3 Macroeconomic Research Office (AMRO), and the World Bank. On August 1st 2021, it was reported that Prime Minister Samdech Techo Hun Sen had lowered the kingdom's economic growth forecast to 2.5 per cent for 2021, due to the ongoing impact of COVID-19 and the Delta variant. The Prime Minister said growth relied on agriculture as other sectors, particularly tourism, were hit hardest by the pandemic.Cambodia Inflation 2021
The 2021 inflation rate for Cambodia in the first half of the year is 2.5 per cent, confirmed the National Bank of Cambodia (NBC). The NBC projected a 2.5-2.8 per cent inflation rate in the second half of 2021, with the average inflation for 2021 reaching 2.6 per cent.- Food: Increased by 2.9 per cent between the first halves of 2020 and 2021.
- Petroleum-related goods and services: Increased 5.3 per cent the first halves of 2020 and 2021.
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