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Logo of Phnom Penh Post newspaper Phnom Penh Post - Current account deficit rises to $542M in 4Q15

Current account deficit rises to $542M in 4Q15

Current account deficit rises to $542M in 4Q15

Cambodia's current account balance deficit was the equivalent of $542 million in the fourth quarter of 2015, the equivalent of 11.5 per cent of GDP, the National Bank of Cambodia said in a report released yesterday.

It said the current account deficit increased by about $121 million on the previous quarter due to “an increase of 24.5 per cent in the deficits of balance on goods, and a decrease of 34.7 per cent in the surplus of net current transfers.”

However, this deficit “was partly offset by an increase of 22.8 per cent in the surplus of net services and a decrease of 9.2 per cent in net income.”

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