Cambodia’s economic freedom down slightly, says Report

[geovalin]

Cambodia has been witnessing a five-year decline in its economic freedom, further depressed by score decrease in terms of labour  and trade freedom recording a 2.4-point overall loss of economic freedom since 2017 and remains mired in the “Mostly Unfree” category.

 

Despite this, Royal Academy of Cambodia researcher Hong Vannak insisted that the ranking was “not bad for Cambodia”, and that it was a reasonable reflection of the strengths and weaknesses of Cambodia’s economy. “Cambodia’s economic freedom score is now 57.1, making its economy the 106th freest in the 2022 Index of Economic Freedom.

 

Ranked 21st among 39 countries in the Asia-Pacific region, Cambodia’s overall score is below the regional and world average,” he told Khmer Times, referring to the Index of Economic Freedom released by the Heritage Foundation. The US-based conservative-leading think tank also revealed that Cambodia has an average economic growth of five percent annually over the past five years despite an economic downturn in 2020.

 

read more https://www.khmertimeskh.com/501025759/cambodias-economic-freedom-down-slightly-says-report/