Current Account Balance: Cambodia

Analysis# Cambodia Current Account Balance Cambodia's current account balance stands at -3.9% of GDP in 2026, reflecting a modest deficit after years of extreme volatility. The metric has declined 290% since 1992, swinging from a peak of 1.3% in 1997 to a catastrophic low of -29.6% in 2021. This trajectory reveals a structural shift toward persistent external imbalances, though recent movements suggest stabilization within a narrow negative band. The pandemic marked a dramatic inflection point: 2021's severe -29.6% deficit reflected supply chain disruptions and tourism collapse, but sharp recovery followed in 2023 when the account briefly returned to surplus at 1.3%. Since then, Cambodia has oscillated between small deficits and surpluses, with 2026 projections pointing toward a -3.9% position. This normalized range, while negative, indicates the economy has largely absorbed pandemic shocks and settled into a sustainable external position.