Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - GDP at 2% in 1997

GDP at 2% in 1997

Despite recent domestic and regional economic problems, Cambodia saw GDP growth

of about 2% in 1997 as well as low inflation and higher foreign reserves, Finance

Minister Keat Chhon said on Feb 19.

"As part of Southeast Asia, we are not immune from the financial cataclysm in

the region," Chhon told a conference on Cambodia's future role in the Association

of South East Asian Nations.

"In spite of recent domestic and regional turbulence, Cambodia enjoyed GDP growth

in 1997 of about 2%, which is in line with worldwide and regional trends," he


The Cambodian economy grew by 6.5% in 1996 and was on target for similar growth in

1997 until July.

Keat Chhon said last month that GDP growth in 1998 was expected to be 3.5%.

Cambodia's riel currency is not traded internationally and though it has lost some

value since the July turmoil, it has not fallen as much as some other crisis-hit

currencies in the region. - Reuters



Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".