Cambodia's uncertain economic rebound in 2021
The global economic downturn triggered by the pandemic has hit Cambodia's economy hard. The Kingdom's main engines of growth tourism, construction and the garment industry contributed more than 70 per cent of GDP growth and 39 per cent of total employment in 2019. Due to travel restrictions and lockdowns, Cambodia's tourism and hospitality sector has collapsed. International tourist arrivals declined by 74 per cent to 1.2 million between January and September 2020, from 4.8 million in the same period in 2019. An estimated 3000 tourism-related businesses have closed down and 45,400 jobs have been lost.
