unbekannter Gast

Cameroon: Economy#

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.

Economic Facts#

GDP (purchasing power parity)$53.16 billion (2013 est.)
$50.85 billion (2012 est.)
$48.62 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate4.6% (2013 est.)
4.6% (2012 est.)
4.1% (2011 est.)
GDP - per capita (PPP)$2,400 (2013 est.)
$2,400 (2012 est.)
$2,300 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 20.6%
industry: 27.3%
services: 52.1% (2013 est.)
Population below poverty line48% (2000 est.)
Household income or consumption by percentage sharelowest 10%: 2.3%
highest 10%: 35.4% (2001)
Labor force - by occupationagriculture: 70%
industry: 13%
services: 17% (2001 est.)
Exports - commoditiescrude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton
Exports - partnersChina 15.2%, Netherlands 9.7%, Spain 9.1%, India 8.6%, Portugal 8.1%, Italy 6%, US 5.5%, France 4% (2012)
Agriculture - productscoffee, cocoa, cotton, rubber, bananas, oilseed, grains, cassava (manioc, tapioca); livestock; timber
Budgetrevenues: $5.089 billion
expenditures: $6.28 billion (2013 est.)
Imports - commoditiesmachinery, electrical equipment, transport equipment, fuel, food
Imports - partnersChina 18.7%, France 14.9%, Nigeria 12.3%, Belgium 5.2%, US 4.4%, India 4.2% (2012)
Exchange ratesCooperation Financiere en Afrique Centrale francs (XAF) per dollar -
500.7 (2013 est.)
510.53 (2012 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
Exports$6.002 billion (2013 est.)
$6.015 billion (2012 est.)
Debt - external$3.455 billion (31 December 2013 est.)
$3.207 billion (31 December 2012 est.)
Fiscal year1 July - 30 June
Imports$6.795 billion (2013 est.)
$6.321 billion (2012 est.)
Industrial production growth rate4.1% (2013 est.)
Industriespetroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair
Inflation rate (consumer prices)2.6% (2013 est.)
2.9% (2012 est.)
Labor force8.426 million (2013 est.)
Unemployment rate30% (2001 est.)
Distribution of family income - Gini index44.6 (2001)
47.7 (1996)
Public debt16.7% of GDP (2013 est.)
16.1% of GDP (2012 est.)
Current account balance-$1.461 billion (2013 est.)
-$956.2 million (2012 est.)
Reserves of foreign exchange and gold$3.353 billion (31 December 2013 est.)
$3.431 billion (31 December 2012 est.)
GDP (official exchange rate)$27.88 billion (2013 est.)
Market value of publicly traded shares$230 million (31 December 2012 est.)
Central bank discount rate4.25% (31 December 2009 est.)
Commercial bank prime lending rate14% (31 December 2013 est.)
14% (31 December 2012 est.)
Stock of domestic credit$2.898 billion (31 December 2013 est.)
$2.772 billion (31 December 2012 est.)
Stock of narrow money$3.764 billion (31 December 2013 est.)
$3.482 billion (31 December 2012 est.)
Stock of broad money$6.195 billion (31 December 2013 est.)
$5.731 billion (31 December 2012 est.)
Taxes and other revenues18.3% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-4.3% of GDP (2013 est.)
GDP - composition, by end usehousehold 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%
(2013 est.)
Gross national saving21.6% of GDP (2013 est.)
21% of GDP (2012 est.)
19.8% of GDP (2011 est.)