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Cameroon
Introduction
Key Economic Facts
Cameroon is a country in Western Africa that borders the
Bight of Biafra. Neighboring countries include the Central
African Republic, Chad, the Republic of the Congo,
Equatorial Guinea, Gabon, and Nigeria.
The geography of Cameroon is diverse
with coastal plains in the southwest,
plateau in the center, mountains in the
west, and plains in the north. The
government system is a multiparty presidential regime
republic; the chief of state is the president, and the head of
government is the prime minister. Cameroon has a mixed
economic system which
includes a variety of private
freedom, combined with
centralized economic planning
and government regulation.
Cameroon is a member of the
Economic Community of
Central African States
(ECCAS).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
External debt stocks, total
(DOD, current US$):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Primary Religions:
Calling Code:
Voltage:
Middle Africa
Yaounde (+1 GMT)
President Paul Biya
Prime Minister Philemon Yang
Communaute Financiere Africaine
franc (XAF)
24 major African language groups,
English (official), French (official)
Catholic 38.4%, Protestant 26.3%,
other Christian 4.5%, Muslim 20.9%,
animist 5.6%, other 1%, non-believer
3.2% (2005 est.)
237
220
Key Websites
Main Government Page: spm.gov.cm
Risk Assessment (Provided by Coface)
Lower Middle Income
Developing
$72.72 billion (2015)
5.77% (2015)
$3,115.28 (2015)
$6,557,798,000.00 (2015)
14.02% (2015)
-$1.17 billion (2015)
2.69% (2015)
10,497,376 (2016)
4.51% (2016)
$8.55 billion (2015)
$5.55 billion (2015)
GDP Composition %
Agriculture
Industry
Manufacturing
23
28
14
Services
49
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
Rankings
Index
Corruption Perceptions Index
Global Competitiveness Index
Global Enabling Trade Index
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Open Budget Index
Rank
145 / 176
119 / 138
130 / 136
150 / 180
148 / 160
109 / 139
150 / 187
124 / 139
58 / 102
Country rating: C - A very uncertain political and economic
outlook and a business environment with many troublesome
weaknesses can have a significant impact on corporate
payment behavior. Corporate default probability is high.
Business Climate rating: C - The business environment is
difficult. Corporate financial information is often unavailable
and when available often unreliable. Debt collection is
unpredictable. The institutional framework has many
troublesome weaknesses. Intercompany transactions run
major risks in the difficult environments rated C.
Strengths
• Agricultural, oil and mining resources
• Diversified economy compared with that of other oil
exporters
• Ongoing infrastructure modernization
• Debt reduction granted in 2006 as part of the Heavily
Indebted Poor Countries (HIPC) initiative and the
Multilateral Debt Relief initiative
Weaknesses
• External and public accounts dependent on oil
• Rapid rise in debt due to ambitious public investment
program
• Lack of inclusive growth and still difficult business
climate
• Insecurity in the far north of the country and
uncertainty surrounding the succession to the Head
of State
U.S. Embassy
The United States Embassy in Cameroon
Avenue Rosa Parks
P.O. Box 817
Yaounde
Cameroon
Tel:(237) 2220-1500
http://yaounde.usembassy.gov/
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV