Cambodia Investment Review

Cambodia’s Economic Census Surveys 750k+ Entities With Combined Annual Sales of $50.7b

Cambodia’s Economic Census Surveys 750k+ Entities With Combined Annual Sales of $50.7b

Cambodia Investment Review

The Economic Census of Cambodia 2022 (EC2022) has unveiled comprehensive insights into the Kingdom’s economic activities, shedding light on the intricate details of its business landscape. Conducted from March 1 to March 31, with March 1 as the reference date, this second establishment listing, conducted as a complete count, has compiled vital statistics on economic activities throughout Cambodia.

Senior Minister Chhay Than, Minister of Planning, expressed his gratitude to all stakeholders and highlighted the census’s importance for policymakers, local and national governments, NGOs, the private sector, academics, researchers, and trade partners. The census data is poised to play a crucial role in shaping Cambodia’s economic policies and supporting the National Strategy for the Development of Statistics.

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The extensive report, released by the National Institute of Statistics (NIS) with the support of the Royal Government of Cambodia and the Japan International Cooperation Agency, paints a detailed picture of Cambodia’s economic landscape, touching upon various aspects.

Key Figures and Establishments:

The census highlights the diversity of Cambodia’s economic entities, with 753,670 establishments reported. The distribution of establishments based on the number of persons engaged showcases the prevalence of small-scale enterprises, with those employing five or more persons forming the majority at 53,724 establishments.

The report indicates a substantial rise in new establishments, numbering 241,821, with a notable presence of street businesses accounting for 10.2% of the total establishments. Sole proprietorships dominate the business landscape, comprising 96.5% of all establishments, echoing trends observed in the 2011 census.

Economic Sectors and Regional Analysis:

“Wholesale and retail trade and repair of motor vehicles and motorcycles” emerges as the largest sector, representing 65.6% of all establishments, underlining its pivotal role in Cambodia’s economy. Phnom Penh, with 149,888 establishments, stands out as the epicenter of economic activities, accounting for one-fifth of all establishments.

An intriguing aspect is the prevalence of female representatives in the business landscape, constituting 69.1% of the total, showcasing a positive trend towards gender inclusivity in Cambodia’s entrepreneurial ventures.

Sales, Expenses, and Profitability:

The combined annual sales of entities in Cambodia reached USD 50.7 billion, with larger-scale establishments contributing significantly. Annual expenses, however, accounted for 76% of annual sales, highlighting a high-cost structure in Cambodia’s industry and service sectors. The report emphasizes the need for the country to address this issue for sustained socioeconomic development.

The pandemic’s shadow looms over Cambodia’s business community, with around 81% of establishments reporting various impacts, including decreased revenue, increased expenditure, declining market demand, and a lack of working capital. This underscores the resilience of businesses amid unprecedented challenges.

Future Implications and Acknowledgments:

Looking forward, the census results are expected to inform policy formulation and program development, fostering more substantive deconcentration and decentralization reform in Cambodia. The report serves as a crucial tool for statistics-based planning and evidence-based policymaking.

Senior Minister Chhay Than expressed gratitude to all contributors, including enumerators, supervisors, government institutions, and business representatives, emphasizing the collaborative effort that made the EC2022 successful. The support of Prime Minister HUN SEN and contributions from the World Bank and the Australian Government were also acknowledged.

In conclusion, the Economic Census of Cambodia 2022 stands as a testament to the nation’s resilience, providing valuable insights that will guide Cambodia’s journey towards sustainable socioeconomic development. The data is poised to be a cornerstone for informed decision-making and strategic planning in the years to come.

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