GDP grows 10% following better economic performance
01 Apr '06
1 min read
Cambodia's GDP grew at nearly 10 percent against the predicted 7 percent growth.
This magic rise in GDP growth rate is due to developing sectors like agriculture, garment and tourism.
Garment sector rose by 10.6 percent to US $2.2 billion in 2005, which was predicted to be a 'dangerous year' for the Cambodian garment industry due to the end of the global quotas.
World Bank has appreciated the government's better tax collection, increased foreign investment and loans in the private sector.
Country's foreign investment increased $216 million in 2005 from 121 million in 2004.
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