flash report on the cambodian economy - aug 2009

8/14/2019 Flash Report on the Cambodian Economy - Aug 2009

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Cambodia Economic Flash Report August 2009

Cambodia Development Resource Institute Page 2

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sanPaBGRtabrR)ak; nig CMnYyGPivDn_BIeRkARbeTsExchange Rates and External Development Assistance

Riels per US Dollar

May 2008 July 2009

Source: National Bank of Cambodia

Riels per THB & VND

May 2008 July 2009


Monetary Survey (In Percentage)

March 2008 May 2009


Domestic Credit (In Percentage)

March 2008 May 2009


Monetary Operations

March 2008 May 2009


Note: revised data for April 09

External Development Assistance Disbursement:

Water and Sanitation2000 2007

Source: Cambodia Aid Effectiveness Report 2007, CDC

4126 4

151

4182

4109

41344

165

3900

3950

4000

4050

4100

4150

4200

May

08

Jul08

Sep

08

Nov

08

Jan

09

Mar09

May

09

Jul09

Market rate

Official rate

123

122

124

23.6

23.4

24.6

114

116

118

120

122

124

126

128

May08

Jul08

Sep08

Nov08

Jan09

Mar09

May09

Jul09

KHRperBaht

19

20

21

22

23

24

25

26

KHRperVND10

Thai baht (left)

Vietnamese dong (right )

0

5

10

15

20

25

30

2000 2001 2002 2003 2004 2005 2006 2007

USDm

-6000

-4000

-2000

0

2000

4000

6000

800010000

12000

14000

Mar-08

May-08

Jul-08

Sep-08

Nov-08

Jan-09

Mar-09

May-09

KHRbn

Liquidity Net Foreign Assets

Private Sector Credit Government Deposits

Other

-100

-50

0

50

100

150

200

Mar08

May08

Jul08

Sep08

Nov08

Jan09

Mar09

May09

Annualised growth rate (M2)

Annualised growth rate (M1)

Growth over the previous 12 months (M2)

-40-20

02040

6080

100120140

160180

Mar08

May08

Jul08

Sep08

Nov08

Jan09

Mar09

May09

1020

304050

6070

8090100

110120

Annualise d change in dom es tic c redit (left)

Annualise d cha nge in private se cto r credit (left)

P revious 12 mo nths' gro wth in dome stic c redit (right)


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BaNiCkmeRkARbeTs nig karGnuvtfvikaCatiExternal Trade and National Budget Operations

Imports: Cigarettes & Construction Materials

March 2008 May 2009

Source:Economic & Monetary Statistics, NBC

Cambodia: Main Exports

March 2008 May 2009

Source:Economic & Monetary Statistics,NBC

Imports: Petroleum Products

March 2008 May 2009

Source:Economic & Monetary Statistics,NBC

Current Budget Operations

March 2008 May 2009

Source: MEF Bulletin

Current Budget Revenue

March 2008 May 2009

Source: MEF web site

Current Budget Expenditure

March 2008 May 2009

294

14152

102

0

200

400

600

800

1000

1200

1400

M

ar08

May08

J

ul08

Sep08

Nov08

Jan09

M

ar09

May09

KHRbn

Other services

Subsidies and social assistanceWages

Current expenditure

]

Source: MEF web site

116131

85

-150

-100

-50

0

50100

150

200

250

300

350

Mar08

May08

Jul08

Sep08

Nov08

Jan09

Mar09

May09

KHRbn

338 298

270

114

69 96

50

51 45

0

100

200

300

400

500

600

Ma

r08

May08

Ju

l08

Se

p08

Nov08

Jan09

Ma

r09

May09

KHRbn

Non-tax

Import and Export taxes

Domes tic taxes

0

50

100

150

200

250

300

350

400

Mar08

May08

Jul08

Sep08

Nov08

Jan09

Mar09

May09

USDm

0

1

2

3

4

5

6

7

8

USDm

T otal exports (left) Garments (left )

Rubber (right) Fish (right)

52.954.9

21.9

17.1 10.3

16.1

22.018.5

16.8

0

20

40

60

80

100

120

Mar08

May08

Jul08

Sep08

Nov08

Jan09

Mar09

May09

KHRbn

Cigarett es Cement Steel

100.9

98.4

76.3

0

20

40

60

80

100

120

Mar08

May08

Jul08

Sep08

Nov08

Jan09

Mar09

May09

KHR

bn


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GRtabrR)ak; nig sanPaBfTMnijelITIpSarGnrCatiExchange Rates and Commodity Prices in World Markets

KRW & HKD per USD

July 2008 July 2009 (monthly average)

7.72

7.74

7.76

7.78

7.80

7.82

7.84

7.86

7.88

7.90

7.92

Jul08

Sep

08

Nov

08

Jan

09

Mar

09

May

09

Jul09

HKD

910

970

1030

1090

1150

1210

1270

1330

1390

1450

1510

KRW

HKD (left scale)

KRW (rig ht scale)

Source: Federal Reserve Bank of New York

EUR & JPY per USD


0.60

0.63

0.66

0.69

0.72

0.75

0.78

0.81

0.84

0.87

Jul08

Sep

08

Nov

08

Jan

09

Mar

09

May

09

Jul09

EUR

90

94

98

102

106

110

114

118

122

126

JPY

EURO(left scale)

JPY (right scale)

Source: Federal Reserve Bank of New York

THB & SGD Per USD


28

30

32

34

36

38

40

42

Jul08

Sep08

Nov08

Jan09

Mar09

May09

Jul09

THB

1.35

1.38

1.41

1.44

1.47

1.50

1.53

1.56

SGD

THB (left scale)

SGD (right scale)

S

ource: Federal Reserve Bank of New York

Rice: International Prices Index & Export Prices

June 2008 June2009

150

250

350

450

550

650

750

850

950

1050

Jun08

Aug08

Oct08

Dec08

Feb09

Apr09

Jun09

USD/to

nneFOB

0

50

100

150

200

250

300

350

400

450

IPO

USA 2/4

Thai 100% B

IPO

Sources: Osiriz/InfoArroz and InterRice.

Prices: Soybeans, Maize & Palm OilJune 2008 June 2009

0

1 0 0

2 0 0

3 0 0

4 0 0

5 0 0

6 0 0

Jun08

Aug08

Oct08

Dec08

Feb09

Apr09

Jun09

USD/tonneFOB

0

4 0 0

8 0 0

1 2 0 0

1 6 0 0

2 0 0 0

2 4 0 0

S o y b e a n s : U S N o . 1 , Y e l l o w ( l e ft s c a l e )

M a i z e : U S N o . 2 , Y e l l o w ( l e ft s c a l e )

P a l m O i l : c ru d e ( r ig h t s c a l e )

Source: Food and Agriculture Organisation

Prices: Crude Oil, Gasoline & DieselJuly 2008 July 2009

20

30

40

50

60

70

80

90

100

110

120

130

140

150

J

ul08

Sep08

Nov08

Jan09

M

ar09

May09

J

ul09

USD

20

30

40

50

60

70

80

90

100

110

120

130

140

150

USCent

Crude oil: OPEC spot -

USD/barrel

Gasoline: US Gulf Coast - US

cents/litre (right scale)

Diesel: low sulphur No.2 - US

cents/litre (right scale)

Source: US Energy Information Administration


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flash report on the cambodian economy - aug 2009

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