Cameroon Economy 2016
Economy - overview:
Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems confronting other underdeveloped countries, such as stagnant per capita income, a relatively inequitable distribution of income, a top-heavy civil service, endemic corruption, and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs. Subsidies for electricity, food, and fuel have strained the budget. Cameroon has several large infrastructure projects under construction, including a deep sea port in Kribi and the Lom Pangar Hydropower Project. It also recently opened a natural gas powered electricity generating plant. Cameroon must attract more investment to improve its inadequate infrastructure, but its business environment is a deterrent to foreign investment.
GDP (purchasing power parity)
$53.16 billion (2013 est.)
country comparison to the world: 97
$50.85 billion (2012 est.)
$48.62 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]
GDP (official exchange rate):
$27.88 billion (2013 est.)
GDP - real growth rate:
4.6% (2013 est.)
country comparison to the world: 64
4.6% (2012 est.)
4.1% (2011 est.)
GDP - per capita:
$2,400 (2013 est.)
country comparison to the world: 188
$2,400 (2012 est.)
$2,300 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
Gross national saving:
21.6% of GDP (2013 est.)
country comparison to the world: 71
21% of GDP (2012 est.)
19.8% of GDP (2011 est.)
GDP - composition, by end use:
household consumption: 65.6%
government consumption: 16%
investment in fixed capital: 21.7%
investment in inventories: 0%
exports of goods and services: 31.7%
imports of goods and services: -35%
Economy - overview:
Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems confronting other underdeveloped countries, such as stagnant per capita income, a relatively inequitable distribution of income, a top-heavy civil service, endemic corruption, and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs. Subsidies for electricity, food, and fuel have strained the budget. Cameroon has several large infrastructure projects under construction, including a deep sea port in Kribi and the Lom Pangar Hydropower Project. It also recently opened a natural gas powered electricity generating plant. Cameroon must attract more investment to improve its inadequate infrastructure, but its business environment is a deterrent to foreign investment.
GDP (purchasing power parity)
$53.16 billion (2013 est.)
country comparison to the world: 97
$50.85 billion (2012 est.)
$48.62 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]
GDP (official exchange rate):
$27.88 billion (2013 est.)
GDP - real growth rate:
4.6% (2013 est.)
country comparison to the world: 64
4.6% (2012 est.)
4.1% (2011 est.)
GDP - per capita:
$2,400 (2013 est.)
country comparison to the world: 188
$2,400 (2012 est.)
$2,300 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
Gross national saving:
21.6% of GDP (2013 est.)
country comparison to the world: 71
21% of GDP (2012 est.)
19.8% of GDP (2011 est.)
GDP - composition, by end use:
household consumption: 65.6%
government consumption: 16%
investment in fixed capital: 21.7%
investment in inventories: 0%
exports of goods and services: 31.7%
imports of goods and services: -35%
