Economy of Cameroon
Population: 25.22 M (2018)
GDP per Capita: 1,534 USD (2018)
38,680 M.

GDP USD

(2018)

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7,470 M.

EXPORTS USD

(2018)

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9,170 M.

IMPORTS USD

(2018)

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36.93 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.06 % (2018)
GDP of 2010 USD USD 37.80 B. (2018)
GDP Current USD USD 38.68 B. (2018)
GDP per Capita Current USD USD 1,534 (2018)
GDP per capita, PPP USD 3,359 (2018)
GDP per Capita, 2010 USD USD 1,501 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 11.11 % (2018)
Government Spending USD 4.30 B. (2018)
Government Debt % GDP 36.93 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 153.95 (2018)
Trade Openness 43.01 % (2018)
Exports of Goods and Services % GDP 19.31 % (2018)
Exports Goods & Services USD 7.47 B. (2018)
Exports Annual Growth 2.34 % (2018)
Imports as % GDP 23.70 % (2018)
Total Imports USD 9.17 B. (2018)
Foreign Direct Investment % GDP 1.98 % (2018)
Foreign Direct Investment USD 0.70 B. (2018)
Current Account Balance % GDP USD -3.64 % (2018)
Current Account Balance USD -1.41 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -1.12 B. (2018)
Foreign Exchange Reserves incl Gold USD 3.46 B. (2018)
Remittances % GDP 0.89 % (2018)
Remittances USD 246 M. (2018)
Balance of Payments USD 184 M. (2010)

Labor Market

Indicator Value
Labor Force 11.35 M. (2019)
Unemployment Rate 3.34 % (2019)
Unemployment Rate Females 3.87 % (2019)
Unemployment Rate Males 2.94 % (2019)
Youth Unemployment (ages 15-24) 5.69 % (2019)
Labor Force Participation Rate 76.13 % (2019)
Labor Force (Percent Female) 47.03 % (2019)
Female Labor Force Participation Rate 71.03 % (2019)
Male Labor Force Participation Rate 81.26 % (2019)
Dependent People 83.02 % (2018)

Agriculture Sector

Indicator Value
Forest Area 39.30 % (2016)
Forest Area km² 185,960 km² (2016)
Agricultural Land 20.63 % (2016)
Agricultural Land km² 97,500 km² (2016)
Employment 46.01 % (2019)
Value added % GDP 14.42 % (2018)
Agriculture Value added USD 5.58 B. (2018)
Crop Production Index 186.00 (2016)
Precipitation 1,604 mm (2014)
Arable Land 13 % (2016)
Cereal Yield 1,665 kg/hectare (2017)
Food production index 182 (2016)
Rural Population 44 % (2018)
Fertilizer use of Arable Land 10 kg/hectare (2016)
Livestock Production Index 125 (2016)
Economy of Cameroon

According to the World Bank and its latest published data, the economy of the Cameroon presents a growth rate of 4.06 % (2018) to the previous year.

With a population that reaches 25.22 M (2018) and a gross domestic product of USD 38.68 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,534 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Cameroon also has a workforce of 11.35 M. (2019) with an unemployment rate of 3.34 % (2019), where women represent 3.87 % (2019) and men 2.94 % (2019), the unemployment rate for young people between 15-24 years old stood at 5.69 % (2019). The total number of dependent people stands at 83.02 % (2018).

The central government spent 11.11 % (2018) of its gross domestic product that year, which in absolute terms is USD 4.30 B. (2018). Its consolidated public debt reached 36.93 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Cameroon exported USD 7.47 B. (2018), which represents 19.31 % (2018) of its gross domestic product, in that same sense its imports reached USD 9.17 B. (2018) with a direct foreign investment of USD 0.70 B. (2018).

Cameroon has a forest area of 185,960 km² (2016), which represents 39.30 % (2016) of its total area, an average rainfall of 1,604 mm (2014) per year and a population of 44 % (2018) living in rural areas. With a total area of 97,500 km² (2016) available for agriculture and 46.01 % (2019) of its employments, the agricultural sector contributes to the economy of the Cameroon about USD 5.58 B. (2018) (14.42 % (2018) of its GDP).