Cambodia Tops Emerging Markets for Investment in 2024!
Top 10 emerging markets according to their FDI momentum in 2024. This ranking comes from fDi Intelligence and was published in December 2023according to their FDI momentum in 2024.
Asia features six countries on the list, with Cambodia expected to carry the strongest investment momentum this year.
With a GDP growth forecasted at 6.1% in 2024, up from 5.6% in 2023, the IMF expects Cambodia to be the fastest-growing economy in Southeast Asia. The country has strengthened its trade relationships with China, South Korea, and the EU.
Meanwhile, the IMF expects the Philippines, in second place, increase GDP growth from 5.3% to 5.9% in 2024. Both public and private investment have played a key role in reinforcing its growth, bolstered by the opening of the renewable energy sector to foreign investors.
