KPMG in Cambodia was established in 1994. Today, with over 300 professionals, KPMG is one of the largest professional services firms in Cambodia with a balanced mix of international and local clients.
Cambodia is a member of Association of Southeast Asian Nations (ASEAN) and the World Trade Organization (WTO), and enjoys Most Favored Nation (MFN) status and Generalized System of Preferences (GSP) program benefits and Everything But Arms (EBA) program benefits when trading with other countries, especially the United States (US) and countries in the European Union (EU).
Cambodia's GDP grew by 6.7% in 2018 and is projected to be 6.6% for the year 2019. The inflation rate was 2.8% in 2018 and is projected to be 2.9% in 2019.
Cambodia’s free-market economy with its enviable GDP growth continues to attract strong foreign investment, particularly from ASEAN and other Asian countries.
Cambodia has a strong labor protection regime, and while wages are rising with the development of the economy, the country still remains competitive in the region. In response to global trade concerns, the government has introduced a draft of measures to reduce production and supply costs and encourage further foreign investment.
Limited access to capital is one of the constraints of doing business in Cambodia. Commercial banks are primary sources of funding.