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Cambodia

13. Foreign Direct Investment and Foreign Portfolio Investment Statistics 

There has been a surge in FDI inflows to Cambodia in recent years. Though FDI goes primarily to infrastructure, including commercial and residential real estate projects, it has also recently favored investments in manufacturing and agro-processing. Cambodia reports its FDI at USD4.1 billion in 2020 in terms of fixed assets and registered capital.

Investment into Cambodia is dominated by China, and the level of investment from China has surged especially the last five years. Cambodia reports that its stock of FDI from China reached USD19.5 billion by the end of 2020. Other major sources of FDIs in Cambodia include the United Kingdom (USD4 billion), Malaysia (USD4.4 billion), and Korea (USD5.4 billion), through 2020.

Table 2: Key Macroeconomic Data, U.S. FDI in Host Country/Economy 
Host Country Statistical source* USG or international statistical source USG or International Source of Data: BEA; IMF; Eurostat; UNCTAD, Other
Economic Data Year Amount Year Amount
Cambodia Gross Domestic Product (GDP) ($M USD) 2020 NA billion 2020 $25.4 billion www.worldbank.org/en/country 
Foreign Direct Investment Host Country Statistical source* USG or international statistical source USG or international Source of data: BEA; IMF; Eurostat; UNCTAD, Other
U.S. FDI in Cambodia ($M USD, stock positions) 2020 $1,515 2017 $517 BEA data available at https://www.bea.gov/international/
direct-investment-and-multinational-enterprises-comprehensive-data 
Cambodia’s FDI in the United States ($M USD, stock positions) N/A N/A 2017 $5 BEA data available at https://www.bea.gov/international/
direct-investment-and-multinational-enterprises-comprehensive-data 
Total inbound stock of FDI as % host GDP 2020 169% 2019 127.5% UNCTAD data available at https://unctad.org/en/Pages/DIAE/
World%20Investment%20Report/
Country-Fact-Sheets.aspx 

* Source for Host Country Data: The Council for the Development of Cambodia (CDC) provides official government data on investment in Cambodia, but not all data is published online. See: www.cambodiainvestment.gov.kh/why-invest-in-cambodia/investment-enviroment/investment-trend.html 

Table 3: Sources and Destination of FDI 
Direct Investment from/in Counterpart Economy Data (through 2018)
From Top Five Sources/To Top Five Destinations (US Dollars, Millions)
Inward Direct Investment Outward Direct Investment
Total Inward 23,246 100% Total Outward 840 100%
China 6,786 29.2% South Africa 310 37%
Korea 1,934 8.3% China 260 31%
Vietnam 1,880 8% Singapore 225 27%
Hong Kong 1,688 7.3% Philippines 31 3.7%
Taiwan 1,629 7% Myanmar 17 2%
“0” reflects amounts rounded to +/- USD 500,000.

Data retrieved from IMF’s Coordinated Direct Investment Survey database presents a much different picture of FDI into Cambodia as compared to that provided by the Cambodian government. For example, the Council for Development of Cambodia reports USD38.5 billion stock FDI in term of fixed asset through year-end 2018, while the IMF reports only USD23 billion.

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