| 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 facing other underdeveloped countries, such as a top-heavy civil service and a generally unfavorable climate for business enterprise. International oil and cocoa prices have a significant impact on the economy. 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. |
GDP (purchasing power parity):
|
$42.76 billion (2008 est.)
$41.16 billion (2007)
$39.84 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$2,300 (2008 est.)
$2,300 (2007 est.)
$2,300 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
|
$25 billion (2008 est.) |
GDP - real growth rate:
|
3.9% (2008 est.)
3.3% (2007 est.)
3.2% (2006 est.) |
GDP - composition by sector:
|
agriculture: 43.5%
industry: 16%
services: 40.5% (2008 est.) |
Investment (gross fixed):
|
17.6% of GDP (2008 est.) |
Population below poverty line:
|
48% (2000 est.) |
Household income or consumption by percentage share:
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lowest 10%: 2.3%
highest 10%: 35.4% (2001) |
Distribution of family income - Gini index:
|
44.6 (2001) |
Inflation rate (consumer prices):
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4.4% (2008 est.) |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
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15% (31 December 2007) |
Stock of money:
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$2.616 billion (31 December 2007) |
Stock of money - per capita:
|
139 USD per capita |
Stock of quasi money:
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$1.698 billion (31 December 2007) |
Stock of quasi money - per capita:
|
90 USD per capita |
Stock of domestic credit:
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$1.3 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
69 USD per capita |
Labor force:
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6.716 million (2008 est.) |
Labor force participation rate:
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35.57 % of population |
Labor force - by occupation:
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agriculture: 70%
industry: 13%
services: 17% (2001 est.) |
Unemployment rate:
|
30% (2001 est.) |
Budget:
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revenues: $5.371 billion
expenditures: $4.319 billion (2008 est.) |
Budget revenues per capita:
|
285 USD per capita |
Public debt:
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11.9% of GDP (2008 est.) |
Industries:
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petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair |
Industrial production growth rate:
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4.7% (2008 est.) |
Electricity - production:
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3.903 billion kWh (2006 est.) |
Electricity - production per capita:
|
207 kWh per capita |
Electricity - consumption:
|
3.323 billion kWh (2006 est.) |
Electricity - consumption - per capita:
|
177 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
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87,400 bbl/day (2008 est.) |
Oil - production per capita:
|
4,630 bbl/day per capita |
Oil - consumption:
|
24,500 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
0.47 bbl/year per capita |
Oil - exports:
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108,800 bbl/day (2005) |
Oil - imports:
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50,750 bbl/day (2005) |
Oil - proved reserves:
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200 million bbl (1 January 2008 est.) |
Natural gas - production:
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20 million cu m (2006 est.) |
Natural gas - production per capita:
|
2 cu m per capita |
Natural gas - consumption:
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20 million cu m (2006 est.) |
Natural gas - consumption - per capita:
|
2 cu m per capita |
Natural gas - exports:
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0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
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135.1 billion cu m (1 January 2008 est.) |
Agriculture - products:
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coffee, cocoa, cotton, rubber, bananas, oilseed, grains, root starches; livestock; timber |
Current account balance:
|
$377 million (2008 est.) |
Current account balance - per capita:
|
20 USD per capita |
Exports:
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$5.246 billion f.o.b. (2008 est.) |
Exports per capita:
|
278 USD per capita |
Exports - commodities:
|
crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton |
Exports - partners:
|
Spain 19.8%, Italy 15.7%, France 11.7%, South Korea 9.4%, Netherlands 6.1%, US 5.7% (2007) |
Imports:
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$4.362 billion f.o.b. (2008 est.) |
Imports per capita:
|
232 USD per capita |
Imports - commodities:
|
machinery, electrical equipment, transport equipment, fuel, food |
Imports - partners:
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France 23.4%, Nigeria 12.8%, China 9%, Belgium 5.8%, US 4% (2007) |
Reserves of foreign exchange and gold:
|
$3.788 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
201 USD per capita |
Debt - external:
|
$2.36 billion (31 December 2008 est.) |
Debt - external - per capita:
|
126 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 |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$413.8 million (2005) |
Economic aid - recipient per capita:
|
22 USD per capita |
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 (XAF) per US dollar - 447.81 (2008 est.), 493.51 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004)
note: since 1 January 1999, the Central African CFA franc (XAF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; Central African CFA franc (XAF) coins and banknotes are not accepted in countries using West African CFA francs (XOF), and vice versa, even though the two currencies trade at par |
Fiscal year:
|
1 July - 30 June |
|
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