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Cameroon Economy 2011
https://theodora.com/wfb2011/cameroon/cameroon_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 12, 2011

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):
$44.65 billion (2010 est.)
country comparison to the world: 93

$43.44 billion (2009 est.)
$43.05 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$21.88 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.8% (2010 est.)
country comparison to the world: 129

0.9% (2009 est.)
3.9% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,300 (2010 est.)
country comparison to the world: 184

$2,300 (2009 est.)
$2,300 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
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 ]

Labor force:
7.836 million (2009 est.)
country comparison to the world: 59
[see also: Labor force country ranks ]

Labor force - by occupation:
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 ]

Unemployment rate:
30% (2001 est.)
country comparison to the world: 178
[see also: Unemployment rate country ranks ]

Population below poverty line:
48% (2000 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
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 ]

Distribution of family income - Gini index:
44.6 (2001)
country comparison to the world: 43

47.7 (1996)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
21.1% of GDP (2009 est.)
country comparison to the world: 72
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $3.779 billion
[see also: Budget - revenues country ranks ]
expenditures: $4.34 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
16.8% of GDP (2010 est.)
country comparison to the world: 113

16.3% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
1.9% (2010 est.)
country comparison to the world: 53

3% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 104

4.75% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
NA% (31 December 2009 est.)

NA% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.888 billion (31 December 2010 est)

$3.074 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$4.831 billion (31 December 2010 est.)

$4.921 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$848.8 million (31 December 2010 est.)
country comparison to the world: 153

$1.523 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
coffee, cocoa, cotton, rubber, bananas, oilseed, grains, root starches; livestock; timber

Industries:
petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair

Industrial production growth rate:
4% (2009 est.)
country comparison to the world: 88
[see also: Industrial production growth rate country ranks ]

Electricity - production:
5.601 billion kWh (2007 est.)
country comparison to the world: 108
[see also: Electricity - production country ranks ]

Electricity - consumption:
4.801 billion kWh (2007 est.)
country comparison to the world: 109
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
77,310 bbl/day (2009 est.)
country comparison to the world: 55
[see also: Oil - production country ranks ]

Oil - consumption:
26,000 bbl/day (2009 est.)
country comparison to the world: 117
[see also: Oil - consumption country ranks ]

Oil - exports:
107,100 bbl/day (2007 est.)
country comparison to the world: 66
[see also: Oil - exports country ranks ]

Oil - imports:
45,520 bbl/day (2007 est.)
country comparison to the world: 90
[see also: Oil - imports country ranks ]

Oil - proved reserves:
200 million bbl (1 January 2010 est.)
country comparison to the world: 57
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
20 million cu m (2008 est.)
country comparison to the world: 88
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
20 million cu m (2008 est.)
country comparison to the world: 111
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 195
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 196
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
135.1 billion cu m (1 January 2010 est.)
country comparison to the world: 49
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$826 million (2010 est.)
country comparison to the world: 130

-$1.137 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$4.371 billion (2010 est.)
country comparison to the world: 114

$4.079 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton

Exports - partners:
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)

Imports:
$4.869 billion (2010 est.)
country comparison to the world: 118

$4.405 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery, electrical equipment, transport equipment, fuel, food

Imports - partners:
France 21.03%, Nigeria 10.79%, China 10.25%, Belgium 6.62%, US 4.31% (2009)

Reserves of foreign exchange and gold:
$4.023 billion (31 December 2010 est.)
country comparison to the world: 74

$3.676 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$3.344 billion (31 December 2010 est.)
country comparison to the world: 123

$3.231 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Cooperation Financiere en Afrique Centrale francs 506.04 (2010), 472.19 (2009), 447.81 (2008), 493.51 (2007), 522.59 (2006)


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.



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