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 facing other underdeveloped countries, such as stagnate per capita income, a relatively inequitable distribution of income, a top-heavy civil service, 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. Weak prices for oil and cocoa led to the significant slowdown in growth in 2009. The government is under pressure to reduce its budget deficit, which by the government's own forecast will hit 2.8% of GDP, but the presidential election in 2011 may make fiscal austerity difficult.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: The information regarding Cameroon on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Cameroon Economy 2011 information contained here. All suggestions for corrections of any errors about Cameroon Economy 2011 should be addressed to the CIA.
$44.65 billion (2010 est.)
country comparison to the world: 93
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$21.88 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
2.8% (2010 est.)
country comparison to the world: 129
[see also: GDP - real growth rate country ranks ]
$2,300 (2010 est.)
country comparison to the world: 184
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 20%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
30.9%
[see also: GDP - composition by sector - industry country ranks ]
services:
49.1% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
7.836 million (2009 est.)
country comparison to the world: 59
[see also: Labor force country ranks ]
agriculture: 70%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
13%
[see also: Labor force - by occupation - industry country ranks ]
services:
17% (2001 est.)
[see also: Labor force - by occupation - services country ranks ]
30% (2001 est.)
country comparison to the world: 178
[see also: Unemployment rate country ranks ]
48% (2000 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
35.4% (2001)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
44.6 (2001)
country comparison to the world: 43
[see also: Distribution of family income - Gini index country ranks ]
21.1% of GDP (2009 est.)
country comparison to the world: 72
[see also: Investment (gross fixed) country ranks ]
revenues: $3.779 billion
[see also: Budget - revenues country ranks ]
expenditures:
$4.34 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
16.8% of GDP (2010 est.)
country comparison to the world: 113
[see also: Public debt country ranks ]
1.9% (2010 est.)
country comparison to the world: 53
[see also: Inflation rate (consumer prices) country ranks ]
4.25% (31 December 2009)
country comparison to the world: 104
[see also: Central bank discount rate country ranks ]
NA% (31 December 2009 est.)
[see also: Commercial bank prime lending rate country ranks ]
$2.888 billion (31 December 2010 est)
[see also: Stock of narrow money country ranks ]
$4.831 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
$848.8 million (31 December 2010 est.)
country comparison to the world: 153
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
coffee, cocoa, cotton, rubber, bananas, oilseed, grains, root starches; livestock; timber
petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair
4% (2009 est.)
country comparison to the world: 88
[see also: Industrial production growth rate country ranks ]
5.601 billion kWh (2007 est.)
country comparison to the world: 108
[see also: Electricity - production country ranks ]
4.801 billion kWh (2007 est.)
country comparison to the world: 109
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
77,310 bbl/day (2009 est.)
country comparison to the world: 55
[see also: Oil - production country ranks ]
26,000 bbl/day (2009 est.)
country comparison to the world: 117
[see also: Oil - consumption country ranks ]
107,100 bbl/day (2007 est.)
country comparison to the world: 66
[see also: Oil - exports country ranks ]
45,520 bbl/day (2007 est.)
country comparison to the world: 90
[see also: Oil - imports country ranks ]
200 million bbl (1 January 2010 est.)
country comparison to the world: 57
[see also: Oil - proved reserves country ranks ]
20 million cu m (2008 est.)
country comparison to the world: 88
[see also: Natural gas - production country ranks ]
20 million cu m (2008 est.)
country comparison to the world: 111
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 195
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 196
[see also: Natural gas - imports country ranks ]
135.1 billion cu m (1 January 2010 est.)
country comparison to the world: 49
[see also: Natural gas - proved reserves country ranks ]
-$826 million (2010 est.)
country comparison to the world: 130
[see also: Current account balance country ranks ]
$4.371 billion (2010 est.)
country comparison to the world: 114
[see also: Exports country ranks ]
crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton
Netherlands 13.99%, Spain 12.25%, Italy 11.84%, China 9.14%, US 6.16%, France 5.51%, South Korea 4.66%, Belgium 4.33%, UK 4% (2009)
$4.869 billion (2010 est.)
country comparison to the world: 118
[see also: Imports country ranks ]
machinery, electrical equipment, transport equipment, fuel, food
France 21.03%, Nigeria 10.79%, China 10.25%, Belgium 6.62%, US 4.31% (2009)
$4.023 billion (31 December 2010 est.)
country comparison to the world: 74
[see also: Reserves of foreign exchange and gold country ranks ]
$3.344 billion (31 December 2010 est.)
country comparison to the world: 123
[see also: Debt - external country ranks ]
Cooperation Financiere en Afrique Centrale francs 506.04 (2010), 472.19 (2009), 447.81 (2008), 493.51 (2007), 522.59 (2006)
This page was last modified 09-Feb-11