| Economy | Cameroon |
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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.)
$45.39 billion (2010 est.)
$44.06 billion (2009 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$2,300 (2011 est.)
$2,200 (2010 est.)
$2,200 (2009 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$25.8 billion (2011 est.) |
GDP - real growth rate:
|
3.8% (2011 est.)
3.2% (2010 est.)
2% (2009 est.) |
GDP - composition by sector:
|
agriculture: 19.7%
industry: 31.9%
services: 48.4% (2011 est.) |
Investment (gross fixed):
|
20.1% of GDP (2011 est.) |
Population below poverty line:
|
48% (2000 est.) |
Household income or consumption by percentage share:
|
lowest 10%: 2.3%
highest 10%: 35.4% (2001) |
Distribution of family income - Gini index:
|
44.6 (2001)
47.7 (1996) |
Inflation rate (consumer prices):
|
3.4% (2011 est.)
1.3% (2010 est.) |
Central bank discount rate:
|
NA% (31 December 2010 est.)
4.25% (31 December 2009 est.) |
Commercial bank prime lending rate:
|
14.5% (31 December 2011 est.)
14% |
Stock of money:
|
$2.881 billion (31 December 2008)
$2.616 billion (31 December 2007) |
Stock of money - per capita:
|
147 USD per capita |
Stock of quasi money:
|
$1.756 billion (31 December 2008)
$1.698 billion (31 December 2007) |
Stock of quasi money - per capita:
|
90 USD per capita |
Stock of domestic credit:
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$1.759 billion (31 December 2011 est.)
$1.587 billion (31 December 2010 est.) |
Stock of domestic credit - per capita:
|
90 USD per capita |
Stock of narrow money:
|
$3.787 billion (31 December 2011 est.)
$3.264 billion (31 December 2010 est.) |
Stock of broad money:
|
$6.26 billion (31 December 2011 est.)
$5.344 billion (31 December 2010 est.) |
Labor force:
|
8.094 million (2011 est.) |
Labor force participation rate:
|
41.06 % of population |
Labor force - by occupation:
|
agriculture: 70%
industry: 13%
services: 17% (2001 est.) |
Unemployment rate:
|
30% (2001 est.) |
Unemployment, youth ages 15-24:
|
void |
Budget:
|
revenues: $4.63 billion
expenditures: $4.989 billion (2011 est.) |
Budget revenues per capita:
|
235 USD per capita |
Taxes and other revenues:
|
17.9% of GDP (2011 est.) |
Budget surplus (+) or deficit (-):
|
-1.4% of GDP (2011 est.) |
Public debt:
|
16.2% of GDP (2011 est.)
16.1% of GDP (2010 est.) |
Industries:
|
petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair |
Industrial production growth rate:
|
4% (2010 est.) |
Electricity - production:
|
5.421 billion kWh (2008 est.) |
Electricity - production per capita:
|
276 kWh per capita |
Electricity - consumption:
|
4.883 billion kWh (2008 est.) |
Electricity - consumption - per capita:
|
248 kWh per capita |
Electricity - exports:
|
0 kWh (2009 est.) |
Electricity - imports:
|
0 kWh (2009 est.) |
Oil - production:
|
65,330 bbl/day (2010 est.) |
Oil - production per capita:
|
3,315 bbl/day per capita |
Oil - consumption:
|
30,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
|
0.56 bbl/year per capita |
Oil - exports:
|
101,300 bbl/day (2009 est.) |
Oil - imports:
|
46,490 bbl/day (2009 est.) |
Oil - proved reserves:
|
200 million bbl (1 January 2011 est.) |
Natural gas - production:
|
20 million cu m (2009 est.) |
Natural gas - production per capita:
|
2 cu m per capita |
Natural gas - consumption:
|
20 million cu m (2009 est.) |
Natural gas - consumption - per capita:
|
2 cu m per capita |
Natural gas - exports:
|
0 cu m (2009 est.) |
Natural gas - imports:
|
0 cu m (2009 est.) |
Natural gas - proved reserves:
|
135.1 billion cu m (1 January 2011 est.) |
Agriculture - products:
|
coffee, cocoa, cotton, rubber, bananas, oilseed, grains, root starches; livestock; timber |
Current account balance:
|
-$1.097 billion (2011 est.)
-$825.8 million (2010 est.) |
Current account balance - per capita:
|
-55 USD per capita |
Exports:
|
$5.361 billion (2011 est.)
$4.494 billion (2010 est.) |
Exports per capita:
|
272 USD per capita |
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.)
$4.975 billion (2010 est.) |
Imports per capita:
|
300 USD per capita |
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.)
$3.665 billion (31 December 2010 est.) |
Reserves of foreign exchange and gold - per capita:
|
172 USD per capita |
Debt - external:
|
$3.311 billion (31 December 2011 est.)
$3.123 billion (31 December 2010 est.) |
Debt - external - per capita:
|
168 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$NA |
Market value of publicly traded shares - per capita:
|
void |
Currency (code):
|
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States |
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) |
Fiscal year:
|
1 July - 30 June |
|
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