|
Because of its modest oil
resources and favorable agricultural conditions,
Cameroon has one of the best-endowed primary commodity
economies in sub-Saharan Africa. Since 1990, the
government has embarked on various programs designed to
spur business investment, increase efficiency in
agriculture, improve trade, and recapitalize the
nation's banks.
In June 2000, the
Cameroonian government completed a three-year structural
adjustment program including increased budget
transparency, privatization, and poverty reduction
programs. International oil and cocoa prices have a
significant impact on the economy. |
|
GDP of Cameroon
Africa (purchasing power parity):
|
$40.01 billion (2007 est.)
|
|
GDP (official
exchange rate):
|
$17.25 billion (2007 est.)
|
|
GDP - real growth
rate:
|
3.2% (2007 est.)
|
|
GDP - per capita
(PPP):
|
$2,300 (2007 est.)
|
|
GDP of Cameroon
Africa- composition by sector:
|
agriculture: 44.3%
industry: 15.9%
services: 39.8% (2007 est.) |
|
Labor force in
Cameroon:
|
6.68 million (2007 est.)
|
|
Labor force in
Cameroon Africa - by occupation:
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agriculture: 70%
industry: 13%
services: 17% (2001 est.) |
|
Unemployment rate:
|
30% (2001 est.) |
|
Population below
poverty line:
|
48% (2000 est.) |
|
Household income or
consumption by percentage share of Cameroonians:
|
lowest 10%: 2.3%
highest 10%: 35.4% (2001) |
|
Distribution of
Cameroonian family income - Gini index:
|
44.6 (2001) |
|
Inflation rate of
Cameroon(consumer prices):
|
2% (2007 est.) |
|
Investment (gross
fixed):
|
17.2% of GDP (2007 est.)
|
|
Budget of Cameroon:
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revenues: $4.14
billion
expenditures: $3.3 billion (2007 est.)
|
|
Public debt:
|
13.8% of GDP (2007 est.)
|
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Agriculture products
from Cameroon Africa:
|
coffee, cocoa, cotton,
rubber, bananas, oilseed, grains, root starches;
livestock; timber |
|
Industries in
Cameroon Africa:
|
petroleum production and
refining, aluminum production, food processing, light
consumer goods, textiles, lumber, ship repair
|
|
Industrial production
growth rate in Cameroon Africa:
|
3.5% (2007 est.)
|
|
Electricity -
production:
|
4.09 billion kWh (2005)
|
|
Electricity in
Cameroon Africa- production by source:
|
fossil fuel: 2.7%
hydro: 97.3%
nuclear: 0%
other: 0% (2001) |
|
Electricity -
consumption:
|
3.435 billion kWh (2005)
|
|
Electricity exports:
|
0 kWh (2005) |
|
Electricity imports:
|
0 kWh (2005) |
|
Oil production:
|
82,670 bbl/day (2005 est.)
|
|
Oil consumption:
|
24,200 bbl/day (2005 est.)
|
|
Oil exports from
Cameroon:
|
107,400 bbl/day (2004)
|
|
Oil imports into
Cameroon:
|
63,710 bbl/day (2004)
|
|
Oil - proved
reserves:
|
400 million bbl (1 January
2006 est.) |
|
Natural gas -
production:
|
0 cu m (2005 est.)
|
|
Natural gas -
consumption:
|
0 cu m (2005 est.)
|
|
Natural gas -
exports:
|
0 cu m (2005 est.)
|
|
Natural gas -
imports:
|
0 cu m (2005) |
|
Natural gas - proved
reserves:
|
105.9 billion cu m (1
January 2006 est.) |
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Current account
balance:
|
-$501 million (2007 est.)
|
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Exports from cameroon:
|
$3.705 billion f.o.b. (2007
est.) |
|
Exports - commodities
from Cameroon Africa:
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crude oil and petroleum
products, lumber, cocoa beans, aluminum, coffee, cotton
|
|
Exports partners to
Cameroon Africa:
|
Spain 21.3%, Italy 15.4%,
France 11.6%, South Korea 7.3%, Netherlands 7.2%, US
5.7%, Belgium 4.2% (2006) |
|
Imports in Cameroon
Africa:
|
$3.632 billion f.o.b. (2007
est.) |
|
Imports -
commodities:
|
machinery, electrical
equipment, transport equipment, fuel, food |
|
Imports - partners:
|
France 23.6%, Nigeria 13.2%,
China 7.3%, Belgium 6.1%, US 4.6% (2006) |
|
Economic aid for
Cameroonians - recipient:
|
$413.8 million in January
2001, the Paris Club agreed to reduce Cameroon's debt of
$1.3 billion by $900 million; debt relief now totals
$1.26 billion (2005) |
|
Reserves of foreign
exchange and gold in Cameroon Africa:
|
$2.341 billion (31 December
2007 est.) |
|
Debt of Cameroonians
- external:
|
$2.449 billion (31 December
2007 est.) |
|
Market value of
publicly traded shares in Cameroon:
|
$NA |
|
Currency of Cameroon
(code):
|
Communaute Financiere
Africaine franc (XAF); note - responsible authority is
the Bank of the Central African States |
|
Currency code of
Cameroon:
|
XAF |
|
Exchange rates in
Cameroon:
|
Communaute Financiere
Africaine francs (XAF) per US dollar - 493.51 (2007),
522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2
(2003) |
|
Fiscal year:
|
1 July - 30 June |
