Cameroon

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Cameroon - In Short.

Overview of Cameroon

Much of the area of present-day Cameroon was ruled by powerful chiefdoms before becoming a German colony in 1884 known as Kamerun. After World War I, the territory was divided between France and the UK as League of Nations mandates. French Cameroon became independent in 1960 as the Republic of Cameroon. The following year the southern portion of neighboring British Cameroon voted to merge with the new country to form the Federal Republic of Cameroon. In 1972, a new constitution replaced the federation with a unitary state, the United Republic of Cameroon. The country has generally enjoyed stability, which has enabled the development of agriculture, roads, and railways, as well as a petroleum industry. Despite slow movement toward democratic reform, political power remains firmly in the hands of President Paul BIYA.
Value
Country Full Name
Cameroon
Country Code
CMR
Region
Sub-Saharan Africa
Income Group
Lower middle income
Currency Unit
GDP
40804449726
Population
26545864
Land Area
472710
Net National Income Per Capita
1269.223056
GDP per Capita (PPP)
3867.51924

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Cameroon - Economic

Economy of Cameroon

Cameroon’s market-based, diversified economy features oil and gas, timber, aluminum, agriculture, mining and the service sector. Oil remains Cameroon’s main export commodity, and despite falling global oil prices, still accounts for nearly 40% of exports. Cameroon’s economy suffers from factors that often impact underdeveloped countries, such as stagnant per capita income, a relatively inequitable distribution of income, a top-heavy civil service, endemic corruption, continuing inefficiencies of a large parastatal system in key sectors, 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 continues to press for economic reforms, including increased budget transparency, privatization, and poverty reduction programs. The Government of Cameroon provides subsidies for electricity, food, and fuel that have strained the federal budget and diverted funds from education, healthcare, and infrastructure projects, as low oil prices have led to lower revenues.Cameroon devotes significant resources to several large infrastructure projects currently under construction, including a deep seaport in Kribi and the Lom Pangar Hydropower Project. Cameroon’s energy sector continues to diversify, recently opening a natural gas-powered electricity generating plant. Cameroon continues to seek foreign investment to improve its inadequate infrastructure, create jobs, and improve its economic footprint, but its unfavorable business environment remains a significant deterrent to foreign investment.

Unemployment Rate

Inflation Rate

Cameroon - GDP Composition

GDP Composiiton & Value Added of Cameroon

Last Updated: Jan, 2021, Updated For 2020.

Cameroon - GDP, Value Added

Demographics of Cameroon

population concentrated in the west and north, with the interior of the country sparsely populated as shown in this population distribution map
Geographic Location

Central Africa, bordering the Bight of Biafra, between Equatorial Guinea and Nigeria

Races

Bamileke-Bamu 24.3%, Beti/Bassa, Mbam 21.6%, Biu-Mandara 14.6%, Arab-Choa/Hausa/Kanuri 11%, Adamawa-Ubangi, 9.8%, Grassfields 7.7%, Kako, Meka/Pygmy 3.3%, Cotier/Ngoe/Oroko 2.7%, Southwestern Bantu 0.7%, foreign/other ethnic group 4.5% (2018 est.)

Languages

24 major African language groups, English (official), French (official)major-language

Religion

Roman Catholic 38.3%, Protestant 25.5%, other Christian 6.9%, Muslim 24.4%, animist 2.2%, other 0.5%, none 2.2% (2018 est.)

Dependency & Expectancy of Cameroon

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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Cameroon - Social Media Briefing

Cameroon - Social Media & Social Commerce

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Politics & Policies of Cameroon

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ACP, AfDB, AU, BDEAC, C, CEMAC, EITI (compliant country), FAO, FZ, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MONUSCO, NAM, OIC, OIF, OPCW, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Import of Cameroon

Export of Cameroon

Import Destination

Export Destination