ADB Forecast: Cambodia to Rank Third in Southeast Asia for GDP Growth in 2025

According to forecasts by the Asian Development Bank (ADB), Cambodia is expected to rank third among Southeast Asian countries for GDP growth in 2025, outperforming Thailand and even Indonesia, a more economically advanced country.

Data cited from the ADB’s official website show that the Philippines and Vietnam are projected to record the region’s highest GDP growth this year, at 6.2% each. Cambodia is forecast to grow by 6%, followed by Indonesia at 5%, Timor-Leste at 3.9%, Laos at 3.7%, Thailand at 2.7% and Myanmar at 1.7%.

Cambodia recorded growth of 5.8% last year, while the ADB projects GDP growth of 6% this year. Jyotsana Varma, ADB Country Director for Cambodia, said the forecast is based on a recovery in the textile sector, particularly garments, footwear and travel goods, which is driving the country’s economic growth. Agriculture and tourism continue to expand, while ongoing inflows of foreign direct investment are helping to accelerate Cambodia’s economy. Overall, these drivers are bringing more favorable conditions for 2024 and strengthening the foundation for robust growth in 2025 and beyond.

It is also worth noting that, in addition to the ADB, the Ministry of Economy and Finance has forecast Cambodia’s economic growth, projecting it to reach around 6.3% in 2025.

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