Cameroon


Cameroon Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Cameroon; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Bank of Central African States
International Reserves US$ 3.199 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 25.538 billion (2010 estimate)
GDP (Purchasing Power Parity) 49.819 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4.5% 4% 4% 3.7% 2.3% 3.2% 3.3% 2.6%
2009 2010 2011 2012*
2% 2.9% 4.1% 4.1%

*Estimate

GDP per capita - current prices US$ 1,190 (2010 estimate)
GDP per capita - PPP $2,322 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.08% 0.08% 0.06% 0.06% 0.06%

**Forecast

GDP - composition by sector
  • agriculture: 19.7% 
  • industry: 31.9% 
  • services: 48.4% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
3%(2008) 1.3% 2.9% 3%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
9.5% 10.6% 12.1% 12.9% 18.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
2.3% -0.1% -1.1% -1.9% -3.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Cameroon N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -1.2 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP -4.8% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

28.9% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.03%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.03% (2010)(2007)

(Data were released in 2012)

Total exports US$6.538 billion (2012 estimate) 
Export commodities crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton
Total imports US$6.597 billion (2012 estimate) 
Import commodities machinery, electrical equipment, transport equipment, fuel, food
Exports - major partners Spain 13.3%, China 11.4%, Netherlands 9.7%, Italy 8.8%, India 6.6%, France 6.4%, US 5.9%, Germany 4.8%, Belgium 4% (2011)
Imports - major partners China 16.9%, France 16.8%, Nigeria 12.4%, Belgium 5.3%, Italy 4.3%, US 4.3% (2011)
FDI inflows
2009 2010 2011
US$668 million US$354 million(2009) US$360 million(2009)
FDI outflows
2009 2010 2011
US$-141 million US$-36 million US$-75 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 161 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 125 out of 185 countries(2009)

Enforcing Contracts: 172 out of 185 countries

Registering Property: 158 out of 185 countries

Getting credit: 104 out of 185 countries

Protecting investors: 128 out of 185 countries

Trading across border: 157 out of 185 countries

Paying Taxes: 176 out of 185 countries

Dealing with Construction Permits: 95 out of 185 countries

Getting Electricity: 63 out of 185 countries

Resolving Insolvency: 150 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
112

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 135 Score: 51.8 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 475,442 km2 (2006)
Capital Yaounde (2009)
Currency Communaute Financiere Africaine francs (XAF) (2009)
Government type republic; multiparty presidential regime (2009)
Languages 24 major African language groups, English (official), French (official)
Religions indigenous beliefs 40%, Christian 40%, Muslim 20%
Total population
1980 1990 2000 2012* 2017**
8.7 million 11.52 million 15.33 million 21.46 million 24.28 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
13.9% 31.9% 49.9% 52.1%
Population median age 19 years (2010)
Population growth rate 2.2% (2011)
Life expectancy 51 years (2010)
Adult literacy 71% (2005/2010)
% of population living on less than $2 a day 30.36% (2011)
Inequality of wealth distribution (Gini index)

38.91 (2007)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:6 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

55.69% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 5% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Yaounde: 83rd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.3481 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (North America, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Ecobank Cameroon (Global, 2012)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE