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In its April 2024 World Economic Outlook, the International Monetary Fund (IMF) disclosed Cambodia's revised Gross Domestic Product ("GDP") estimates. The calculations were based on the year 2014 instead of 2000, resulting in an economy that is 35 percent greater than previously estimated.
Cambodia's GDP for the year 2023 is $41.9 billion.
This revision follows a thorough procedure that has been evaluated by the International Monetary Fund (IMF) with the goal of offering a more precise depiction of Cambodia's economy.
The present GDP estimates are predicated on the data from the year 2000 and do not take into account the country's structural transformation, inflation effects, and technical advancements that have occurred in the past 23 years.
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: accounting@advancegroupkh.com (accounting), audit@advancegroupkh.com (audit), tax@advancegroupkh.com (tax) and number and telegram 085 36 8888 and 070 399 888.
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