Economy Overview
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.
Agriculture Products
coffee, cocoa, cotton, rubber, bananas, oilseed, grains, cassava (manioc, tapioca); livestock; timber
Industries
petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair
Industrial Production Growth Rate
4.2% (2016 est.)
Labor Force
9.659 million (2016 est.)
Labor Force by Occupation
Agriculture: 70%
Industry: 13%
Services: 17% (2001 est.)
Unemployment Rate
30% (2001 est.)
Population Below Poverty Line
30% (2001 est.)
Household Income or Consumption by Percentage Share
Lowest 10%: 37.5%
Highest 10%: 35.4% (2001)
Distribution of Family Income Gini Index
46.5 (2014 est.)
Budget
Revenues: $4.678 billion
Expenditures: $6.615 billion (2016 est.)
Public Debt
28.3% of GDP (2015 est.)
Central Bank Discount Rate
4.25% (31 December 2009)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$3.786 billion (31 December 2015 est.)
Stock of Broad Money
$6.218 billion (31 December 2015 est.)
Stock of Domestic Credit
$4.232 billion (31 December 2015 est.)
Market Value of Publicly Traded Shares
$230 million (31 December 2012 est.)
Reserves of Foreign Exchange and Gold
$3.568 billion (31 December 2015 est.)
Debt External
$6.558 billion (31 December 2015 est.)
Stock of Direct Foreign Investment at Home
Stock of Direct Foreign Investment Abroad
Exchange Rates
510.53 (2012 est.)
