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Cameroon Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Cameroon Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 15,

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. New mining projects - in diamonds, for example - have attracted foreign investment, but large ventures will take time to develop. Cameroon's business environment - one of the world's worst - is a deterrent to foreign investment.

GDP (purchasing power parity):
$47.12 billion (2011 est.)
country comparison to the world: 94

$45.39 billion (2010 est.)
$44.06 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$25.8 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.8% (2011 est.)
country comparison to the world: 108

3.2% (2010 est.)
2% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$2,300 (2011 est.)
country comparison to the world: 182

$2,200 (2010 est.)
$2,200 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 19.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 31.9%
[see also: GDP - composition by sector - industry country ranks ]
services: 48.4% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
8.094 million (2011 est.)
country comparison to the world: 58
[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: 176
[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: 41

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

Investment (gross fixed):
20.1% of GDP (2011 est.)
country comparison to the world: 117
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $4.63 billion
[see also: Budget revenues country ranks ]
expenditures: $4.989 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
17.9% of GDP (2011 est.)
country comparison to the world: 171
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-1.4% of GDP (2011 est.)
country comparison to the world: 63
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
16.2% of GDP (2011 est.)
country comparison to the world: 118

16.1% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
3.4% (2011 est.)
country comparison to the world: 74

1.3% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
NA% (31 December 2010 est.)
country comparison to the world: 85

4.25% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
14.5% (31 December 2011 est.)
country comparison to the world: 59

14%
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.787 billion (31 December 2011 est.)
country comparison to the world: 106

$3.264 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$6.26 billion (31 December 2011 est.)
country comparison to the world: 119

$5.344 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.759 billion (31 December 2011 est.)
country comparison to the world: 136

$1.587 billion (31 December 2010 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% (2010 est.)
country comparison to the world: 88
[see also: Industrial production growth rate country ranks ]

Electricity - production:
5.421 billion kWh (2008 est.)
country comparison to the world: 112
[see also: Electricity - production country ranks ]

Electricity - consumption:
4.883 billion kWh (2008 est.)
country comparison to the world: 113
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
65,330 bbl/day (2010 est.)
country comparison to the world: 56
[see also: Oil - production country ranks ]

Oil - consumption:
30,000 bbl/day (2010 est.)
country comparison to the world: 117
[see also: Oil - consumption country ranks ]

Oil - exports:
101,300 bbl/day (2009 est.)
country comparison to the world: 63
[see also: Oil - exports country ranks ]

Oil - imports:
46,490 bbl/day (2009 est.)
country comparison to the world: 90
[see also: Oil - imports country ranks ]

Natural gas - production:
20 million cu m (2009 est.)
country comparison to the world: 88
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
20 million cu m (2009 est.)
country comparison to the world: 111
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 79
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 173
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
135.1 billion cu m (1 January 2011 est.)
country comparison to the world: 50
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.097 billion (2011 est.)
country comparison to the world: 128

-$825.8 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$5.361 billion (2011 est.)
country comparison to the world: 114

$4.494 billion (2010 est.)
[see also: Exports country ranks ]

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

Exports - partners:
Spain 15.1%, Netherlands 12.8%, China 9.4%, Italy 9.3%, France 6.5%, US 6.4% (2010)

Imports:
$5.901 billion (2011 est.)
country comparison to the world: 114

$4.975 billion (2010 est.)
[see also: Imports country ranks ]

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

Imports - partners:
France 19.1%, China 13.3%, Nigeria 12.4%, Belgium 5.5%, Germany 4% (2010)

Reserves of foreign exchange and gold:
$3.389 billion (31 December 2011 est.)
country comparison to the world: 98

$3.665 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$3.311 billion (31 December 2011 est.)
country comparison to the world: 131

$3.123 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Cooperation Financiere en Afrique Centrale francs

473.7 (2011 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
493.51 (2007)


NOTE: 1) The information regarding Cameroon on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Cameroon Economy 2012 information contained here. All suggestions for corrections of any errors about Cameroon Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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