Cameroon: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2017): China, France, and Italy |
| Top Industries Source: CIA World Factbook | Petroleum Production and Refining; Aluminum Production; Food Processing; Light Consumer Goods |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $110,652,111,633 (2021) |
| GDP Growth Rate (annual %) | 3.487% (2021) |
| GDP Per Capita, PPP (current international) | $4,064 (2021) |
GDP Country Rank 92/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.272% (2021) |
| External debt stocks, total (DOD, current US$) | $13,863,899,166 (2020) |
| Total tax rate (% of commercial profits) | 57.7% (2019) |
| Real Interest Rate (5 year average %) | 7.867% (2008) |
| Manufacturing, value added (% of GDP) | 13.291% (2020) |
| Current Account Balance (BoP, current US$) | ($1,512,407,004) (2020) |
Labor and Employment [1]
| Labor Force, Total | 11,954,346 (2021) |
| Employment in Agriculture (% of total employment) | 42.867% (2020) |
| Employment in Industry (% of total employment) | 15.055% (2020) |
| Employment in Services (% of total employment) | 42.079% (2020) |
| Unemployment Rate | 3.865% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $8,877,236,193 (2021) |
| Exports of goods and services (current US$) | $8,037,426,963 (2021) |
| Total Merchandise Trade (% of GDP) | 21.63% (2021) |
| FDI, net inflows (BoP, current US$) | $675,186,994 (2020) |
| Commercial Service Exports (current US$) | $1,616,493,270 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Cameroon’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.