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    CameroonShare

    Economic growth is projected to reach 4.4% in 2012, sustained by a recovery in the oil

    sector. Growth of 4.6% is forecast for 2013, which despite confirming that growth remains

    vigorous, is lower than the level needed to achieve the Millennium Development Goals

    (MDGs).

    Economic policy will be marked by the ongoing implementation of the major structuring

    projects identified in the Growth and Employment Strategy Paper.

    Integrating young Cameroonians into the countrys economic life is still a challenge. The

    government has recently shown its readiness to strive for better integration of young people

    and this should produce results in the short and medium term.

    Overview

    Click to enlarge

    The economy of Cameroon should continue to progress in 2012, when it is expected to show

    growth of 4.4% compared to 4.1% in 2011.

    At sector level, the outlook for 2012-13 indicates that the primary sector will show 5%

    growth, thanks to average growth of 5% in the food-crop sub-sector and 5.7% in the cash-

    crop sub-sector. The secondary sector is expected to grow 1.4% over the same period, driven

    by the construction industry, better energy supply and higher production in the food-

    processing and manufacturing industries. The tertiary sector should progress 3.7%, thanks

    notably to buoyant conditions in transport and telecommunications.

    Higher growth in 2012 risks generating a 2.7% increase in inflation, but it will still be below

    the 3% limit set by the Central African Economic and Monetary Community (CEMAC). The

    public finance budgetary balance should improve from -1.3% in 2011 to 0.2% in 2012 on the

    back of increased oil revenue. The current-account balance should also improve slightly to

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    show a deficit of 5.4% in 2012 after 6.3% in 2011 as a result of a reduction in the trade deficit

    from 3.7% in 2011 to 1.4% in 2012.

    A sustained slowdown in economic activity in the euro area could lead to lower external

    demand in the medium term, since the European Union is Cameroons main trading partner.

    In this context, the countrys main task will be to continue increasing agricultural production,developing infrastructure and consolidating the energy supply needed to sustain growth. The

    government will also need to continue to implement structural reforms aimed at improving

    economic competitiveness and the business climate.

    A certain number of programmes have been set up to promote the socio-economic integration

    of young people but the government needs to ensure that these programmes are carried out

    coherently in relation to the national employment policy. Moreover, employment strategy

    needs to be based on partnerships between universities and companies to facilitate the arrival

    of young people on the jobs market

    Figure 1: Real GDP growth (Central)

    Real GDP growth (%)Central Africa - Real GDP growth (%)Africa - Real GDP growth

    (%)200320042005200620072008200920102011201220130%2.5%5%7.5%10%12.5%Real GDP Growth

    (%)Figures for 2010 are estimates; for 2011 and later are projections.

    http://dx.doi.org/10.1787/888932618614

    Table 1: Macroeconomic Indicators

    2010 2011 2012

    Real GDP growth 3.2 4.1 4.4

    Real GDP per capita growth 1 2 2.2

    CPI inflation 1.3 2.5 2.7

    Budget balance % GDP -1.1 -1.3 0.2

    Current account % GDP -5.8 -6.3 -5.4

    Figures for 2010 are estimates; for 2011 and later are projections.

    http://www.africaneconomicoutlook.org/en/countries/central-africa/cameroon/12-10-2012 11pm

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    :343839~pagePK:141132~piPK:141109~theSitePK:343813,00.html12-10-2012 11pm

    Recent Developments & Prospects

    http://dx.doi.org/10.1787/888932618614http://www.africaneconomicoutlook.org/en/countries/central-africa/cameroon/http://www.africaneconomicoutlook.org/en/countries/central-africa/cameroon/http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/CAMEROONEXTN/0,,menuPK:343839~pagePK:141132~piPK:141109~theSitePK:343813,00.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/CAMEROONEXTN/0,,menuPK:343839~pagePK:141132~piPK:141109~theSitePK:343813,00.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/CAMEROONEXTN/0,,menuPK:343839~pagePK:141132~piPK:141109~theSitePK:343813,00.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/CAMEROONEXTN/0,,menuPK:343839~pagePK:141132~piPK:141109~theSitePK:343813,00.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/CAMEROONEXTN/0,,menuPK:343839~pagePK:141132~piPK:141109~theSitePK:343813,00.htmlhttp://www.africaneconomicoutlook.org/en/countries/central-africa/cameroon/http://dx.doi.org/10.1787/888932618614
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    Table 2: GDP by Sector (percentage of GDP)

    2006 2011

    Agriculture, forestry, fishing & hunting 21 23.4

    Agriculture, livestock, forestry and fisheries - -

    of which agriculture - -

    Mining and quarrying 11.2 7.2

    of which oil - -

    Manufacturing 17.8 16.2

    Electricity, gas and water 1.1 1

    Electricity, water and sewerage - -

    Construction 3.2 5.5

    Wholesale and retail trade, hotels and restaurants 21.4 19.4

    of which hotels and restaurants - -

    Transport, storage and communication 4.8 7

    Transport and storage, information and communication - -

    Finance, real estate and business services 5.2 10.9

    Financial intermediation, real estate services, business and other service activities - -

    General government services 3.6 8.1

    Public administration & defence; social security, education, health & social work - -

    Public administration, education, health - -

    Public administration, education, health & other social & personal services - -

    Other community, social & personal service activities - -

    Other services 10.6 1.2

    Gross domestic product at basic prices / factor cost 100 100

    Wholesale and retail trade, hotels and restaurants - -

    Figures for 2010 are estimates; for 2011 and later are projections.

    http://dx.doi.org/10.1787/888932620590

    According to National Institute of Statistics data, growth increased from 3.2% in 2010 to 4.1% in

    2011. The structure of production shows strong potential in agriculture, forestry and mining. Thesectoral breakdown as a percentage of gross domestic product (GDP) remains constant from one

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    year to another and is dominated by the services sector, which represented 46.4% of GDP in

    2011, compared to 43.2% in 2010. The secondary sector represented 26.4% in 2011, down from

    27.7% in 2010.

    The primary sectors contribution, meanwhile, rose from 21.7% to 22.9%, thanks mainly to food-

    crop farming and forestry. The agricultural sector contributed 3.1% to primary-sector growth. The

    application of stabilisation mechanisms allowed producer revenues to remain stable. Similarly,

    livestock farming and fishing progressed strongly from 2010 to 2011. Their contribution to growth

    rose from 3.0% to 16.3%, thanks to the distribution of inputs and material to livestock-farming

    groups.

    The secondary sector contributed 26.4% to GDP in 2011, most of it generated by the construction,

    food processing and, to a lesser extent, the water and electricity sectors.

    Manufacturing production increased 4.3% in 2011, as food processing output rose 5.3% and that

    of other manufacturing industries rose 3.3%. The start-up of the power stations provided for by

    the emergency power programme at the end of 2011 should result in an increase in electricity

    production, which will boost the added value of the agro-industrial and manufacturing sectors.

    Construction accounted for 3.4% of GDP in 2011, thanks partly to the governments efforts to

    improve roads and control construction standards on public buildings.

    Among the extractive industries, oil production remains the main activity despite a fall in output of

    12.6%. As for mines and prospecting, the government attributed 100 small-scale prospecting

    permits and Mobilong diamond mining permits to Cameroon and Korea Mining. There are also

    plans to mine cobalt at Nkamouna and iron at Mbalam.

    The tertiary sector accounted for 46.4% of GDP in 2011, up from 43.2% in 2010, following a

    recovery in activity in retail trading, transport and telecommunications. In transport, the start of

    activity at CAMAIR-Co resulted in a 1.2% increase in air-passenger volumes and a 5.7% increasein freight traffic in the first half of 2011. Telecommunications, too, showed growth, as the number

    of subscribers increased by 7.5% to 8.9 million in 2010 and by a further 5.5% in the first half of

    2011, while turnover rose 9%. Tourism saw a 9.6% increase in the number of overnight stays in

    2011, according to Ministry of Finance (MINFI) figures.

    Overall, the Growth and Employment Strategy should push economic growth up to 4.4% in 2012

    and 4.6% in 2013. These projections are justified by the pursuit of measures begun in 2010 to

    modernise production capacity and develop infrastructure.

    Sectoral prospects in 2012 and 2013 suggest that the primary sector will show 5% growth thanks

    to average 5% growth in food production and 5.7% growth in the cash crops. The secondary

    sector should show 1.4% growth over the same period, boosted by construction activity, improvedenergy supply and production from the food-processing and manufacturing industries. The tertiary

    sector should progress 3.7%, thanks notably to buoyant conditions in transport and

    telecommunications.

    Continued efforts to revitalise the agricultural sector, develop infrastructures and strengthen

    energy supply should consolidate Cameroons growth despite economic turbulence in the euro

    area. At the same time, sustained economic turbulence in the euro area could affect external

    demand in the medium term and limit growth.

    Fiscal Policy

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    The overriding objective of the 2012 budget is to improve the living conditions of the population by

    consolidating growth and protecting against external shocks through implementation of a counter-

    cyclical fiscal policy.

    With regard to revenue, the state has given priority to enlarging the tax base by modernising the

    fiscal administration and improving revenue collection, while providing incentives, notably to help

    companies in the informal sector to gradually emerge from it.

    In 2011, fiscal pressure increased in a political context marked by the organisation of the

    presidential election. Fiscal policy resulted in an increase in overall spending of about 8%, as

    capital spending increased nearly 14% and current spending rose about 6%. Current spending

    continued to represent about three quarters of total spending but the share of capital spending

    financed from the states own resources increased slightly in 2011. The rise in public spending was

    partly counterbalanced by an increase in revenue, notably in the form of oil revenue boosted by

    high international prices.

    The improvement in fiscal-revenue collection procedures through enlargement of the tax base and

    the revitalisation of the Douala Stock Exchange should continue in 2012, so as to stimulate

    internal resource generation. Regarding external resources, the government will strengthen

    traditional bilateral and multilateral partnerships through the use of traditional financing like

    funding available under the Heavily Indebted Poor Countries (HIPC) Initiative, while, at the same

    time, pursuing its strategy of diversifying its sources of financing via emerging countries such as

    China, India, Brazil and South Korea.

    Table 3: Public Finances (percentage of GDP)

    2003 2006 2007 2008 2009 2010 2011 2012 2013

    Total revenue and grants 16.9 47.6 20 21.2 17.1 16.6 17.2 17.9 18.3

    Tax revenue 10.6 17.2 10.9 11.1 10.3 10.3 10.6 10.5 10.4

    Oil revenue 4.1 - 6.4 7.8 4.6 4.2 4.5 5.3 5.8

    Grants - - - - - - - - -

    Total expenditure and net lending (a) 15.4 14.6 15.7 19 17.5 17.7 18.5 17.7 17.5

    Current expenditure 13.3 11.7 11.7 13.4 13.5 13.8 14 13.2 12.8

    Excluding interest 11 10.8 11.2 13 13.2 13.5 13.6 12.9 12.5

    Wages and salaries 5.3 4.5 4.4 5.4 5.7 5.4 5.4 5.6 5.6

    Interest 2.3 0.9 0.5 0.4 0.3 0.3 0.3 0.4 0.3

    Primary balance 3.8 34 4.8 2.6 -0.1 -0.8 -1 0.5 1.2

    Overall balance 1.5 33 4.3 2.2 -0.4 -1.1 -1.3 0.2 0.8

    Figures for 2010 are estimates; for 2011 and later are projections.

    http://dx.doi.org/10.1787/888932621578

    Monetary Policy

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    Monetary policy is defined and administered by the Bank of Central African States (BEAC), which

    aims to stabilise internal and external prices. To attain this objective, the BEAC has three

    instruments: the intervention rate, the open-market policy which enables it to intervene on the

    monetary market and control refinancing levels, and the compulsory reserves policy. Since the

    2008 crisis, the BEAC has eased refinancing conditions for credit institutions but the effect on

    economic activity has remained limited because of excess liquidity in the banking system.

    It should be noted that the inflation rate increased from 1.3% in 2010 to 2.5% in 2011 in line with

    the general CEMAC trend. This increase is principally the result of a higher level of economic

    activity. The government pursued its efforts, moreover, to facilitate imports by reducing customs

    duties on several food products with the aim of ensuring that markets were adequately supplied

    and by subsidising the pump prices of oil products so as to contain the inflation level.

    The BEAC has pursued a counter-cyclical monetary policy aimed at stimulating economic activity

    after it was checked by the financial crisis. This resulted in a reduction in the level of state

    reserves, which were estimated to stand at 5.5 months of imports of goods and services in 2011,

    compared to 7.1 months in 2010. The recovery that began in 2010 enabled external assets to be

    rebuilt, increasing 4.3% in 2010 before falling 10% in 2011. Lending to the economy progressedabout 17%, with short-term credit making up most loans of the monetary system to the economy.

    Money supply (M2) progressed by an estimated 9.8% in 2011, but this was lower than in 2010.

    Activity on the money market remained timid with only one interbank transaction in 2011.

    Investments by eligible credit establishments and public-sector financial institutions in the BEAC

    fell to 192 billion CFA francs BEAC (XAF) in June 2011 from XAF 346 billion in June 2010 with

    outstanding credits consolidated by the state totalling XAF 231 million on a year-on-year basis.

    The rate of coverage of the monetary base stabilised below the sub-regional level at around 95%.

    Economic Cooperation, Regional Integration & Trade

    Cameroon belongs to the Economic and Monetary Community of Central Africa (CEMAC) and the

    Economic Community of Central African States (ECCAS)[1], which are due to merge to open the

    way for the creation of a single African currency among the eight Regional Economic Communities

    recognised by the African Union. A pilot committee was set up on 5 July 2010 with the aim of

    facilitating the rationalisation process leading to harmonisation of the institutional framework and

    projects of the ECCAS and CEMAC.

    Cameroon is also strengthening its co-operation with the new emerging countries, while not

    abandoning its traditional partners. In the first half of 2011, the government signed

    18 agreements and financing conventions representing a total XAF 675 billion with bilateral and

    multilateral fund providers.

    There is little diversification of foreign trade in terms of products or trading partners. The European

    Union is the countrys leading partner, with a 41% share of trade by value, followed by East Asiawith 18.3%, the CEMAC zone with 8%, North America with 4.7%, West Africa with 3.4% and Latin

    America with 2.6%. For the last five years at least, Cameroons trade deficit has been widening as

    imports have increased, especially food products, oil and gas, fuels and lubricants, inorganic

    chemical products and fertilisers. The trade deficit could be reduced slightly to 1.4% of GDP,

    compared with 3.7% in 2011, in 2012 as a result of higher oil revenue. This would reduce the

    current-account deficit from 6.3% of GDP in 2011 to 5.4% in 2012.

    Table 4: Current Account (percentage of GDP)

    2003 2006 2007 2008 2009 2010 2011 2012 2013

    Trade balance 1.3 3.7 3.6 2 -1.1 -2.7 -3.7 -1.4 0.5

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    2003 2006 2007 2008 2009 2010 2011 2012 2013

    Exports of goods (f.o.b.) 17.8 21.4 24.3 25.3 17.3 16.2 16.7 18.7 20.2

    Imports of goods (f.o.b.) 16.5 17.7 20.7 23.3 18.4 18.9 20.4 20.1 19.7

    Services -6.5 -4.5 -1.9 -5 -4 -1.7 -1.6 -2.6 -2.5

    Factor income -3.9 -1.8 -2.4 -1.4 -0.6 -2 -1.7 -2.1 -2.2

    Current transfers 1.4 1.7 2.2 2.6 2.3 0.7 0.7 0.8 0.7

    Current account balance -7.8 -0.8 1.4 -1.9 -3.3 -5.8 -6.3 -5.4 -3.5

    Figures for 2010 are estimates; for 2011 and later are projections.

    http://dx.doi.org/10.1787/888932622566

    Debt Policy

    Cameroon enjoyed a substantial reduction of its debt in 2006 after reaching the completion point

    of the HIPC Initiative. The public debt to GDP ratio stood at 14% in 2011, significantly less than

    the 52% level registered in 2005. The stock of public debt increased in 2011 to reach

    XAF 1.72 trillion, comprising XAF 1.18 trillion of external debt and XAF 0.54 trillion of internal

    debt.

    Repayment of external debt amounted to XAF 45.4 billion, representing an execution rate of

    56.8% in relation to the XAF 80 billion target set by the budget. The repayment total comprised

    XAF 14.9 billion in interest and XAF 30.5 billion in principal. Repayment of domestic debt totalled

    XAF 114.7 billion to give an execution rate of 39.4% on the XAF 290.8 billion amount budgeted.

    This total was made up of XAF 25.7 billion in principal, XAF 44.3 billion in VAT credits andXAF 43.6 billion in domestic arrears payments. Cameroon expects to issue a new XAF 200 billion

    bond to finance structuring projects announced in the Growth and Employment Strategy Document

    announced by the President of the Republic. Cameroons debt ratio remains low at about 14%,

    well below the community reference level of 70%.

    Figure 2: Stock of total external debt (percentage of GDP) and debt service (percentage of exports of

    goods and services)

    Debt/GDPDebt

    service/Exports200320042005200620072008200920102011201220130%10%20%30%40%50%Percent

    age

    Figures for 2010 are estimates; for 2011 and later are projections.

    http://dx.doi.org/10.1787/888932618614

    Social Context & Human Development

    Building Human Resources

    The population of Cameroon was estimated to be 19 406 100 in 2010 and the annual growth rate

    to be 2.8%. The population is essentially young, with more than half aged under 20. Conscious ofthe potential labour force this represents, the government intends to continue its efforts to

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    improve training and develop a high-quality education system, available to as many people as

    possible and geared towards the jobs market.

    The governments priority in the education sector remains the pursuit of the Millennium

    Development Goals (MDGs). More specifically, it aims to achieve goals two and three, which

    concern universal primary education and promoting gender equality. In 2011, the budget

    allocation to the education sector fell from 16% to 14%, of which a large part goes on operating

    costs. The measures programmed include: i) organising a major forum in 2012 to set the main

    strategic goals of the education sector; ii) reforming all programmes for schools, vocational-

    training centres and universities by adopting a skills-based approach aimed at making the

    programmes more coherent and thus improving the internal performance and external efficiency of

    the system; iii) creating a quality-assurance agency covering the whole education system to define

    curriculum standards and guide learners towards the different existing and potential learning paths

    on the basis of the real demands of the jobs market; iv)building and equipping model secondary

    schools and training centres, a vocational-training centre in each region that take into account the

    regional economy and a centre for the development of training and professional qualifications.

    In the health sector, the strategy for 2011-15 focuses on reducing infant and juvenile mortality,

    improving maternal health and fighting HIV/AIDS. A medium-term spending programme has beendrawn up for 2011-13 based on four programmes covering: i) the health of mothers, children and

    teenagers; ii) the fight against disease, particularly AIDS, malaria, tuberculosis, diabetes and high

    blood pressure, iii) the promotion of good health; iv)improvements to the functioning of district

    health services. The health budget is increased each year but is still below international standards.

    Poverty Reduction, Social Protection & Labour

    In 2011, the Cameroonian government continued to set up social safety net programmes aimed

    at helping vulnerable groups such as the handicapped, the elderly, widows and marginals. Action

    was taken to ensure that the guarantee of social security rights is applied, notably through the

    mutualisation of health insurance and payment of social security benefits.

    Among young people, government action took the form of socio-economic integration programmesand measures to reduce youth unemployment. The government recently initiated a plan to recruit

    25 000 young people into the civil service in line with a commitment given by President Biya in the

    run-up to the 2011 presidential election. This measure is in addition to the PAJER-U programme in

    favour of rural and urban youth which has resulted in publication of a manual setting out the

    procedure for gaining access to financing and the establishment of a national fund for youth

    integration

    Gender Equality

    According to the results of the third population and housing census, women make up 50.6% of the

    Cameroonian population and are increasing in number at a rate of 10.1%, compared to 9.9% for

    men.

    Cameroon has ratified international conventions providing for gender equality, including the

    Convention on the Elimination of all Forms of Discrimination against Women (CEDAW).

    Nevertheless, gender disparities can still be seen in such key sectors as education, health,

    employment and the environment. These disparities are exacerbated by the influence of culture

    and tradition.

    Revenue imbalance is still rife and 52% of poor people are women. Activity levels according to the

    International Labour Office definition are 79.5% for women and 86.2% for men.

    In the political sphere, there are only nine women among the 60 or so members of the new

    government.

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    Because of i ts modest oil resources and favorable agricultural conditions, Cameroon has one

    of the best-endowed primary commodity economies in sub-Saharan Africa. Sti l l , i t faces many

    of the serious problems confronting other underdeveloped countries, such as stagnant percapita income, a relatively inequitable distribution of income, a top-heavy civi l service,

    endemic corruption, and a generally unfavorable cl imate 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 recapital ize the

    nation's banks. The IMF is pressing for more reforms, including increased budget

    transparency, privatization, and poverty reduction programs. Subsidies for electricity, food,

    and fuel have strained the budget. New mining projects - in diamonds, for example - have

    attracted foreign investment, but large ventures wil l take time to develop. Cameroon's

    business environment - one of the world's worst - is a deterrent to foreign investment.

    GDP (purchasing power parity):

    $47.86 bil l ion (2011 est.)country comparison to the world:94$45.97 bil l ion (2010 est.)

    $44.67 bil l ion (2009 est.)

    note: data are in 2011 US dollars

    GDP (official exchange rate):

    $25.76 bil l ion (2011 est.)

    GDP - real growth rate:

    4.1% (2011 est.)

    country comparison to the world:952.9% (2010 est.)

    2% (2009 est.)

    GDP - per capita (PPP):

    $2,300 (2011 est.)

    country comparison to the world: 185 $2,300 (2010 est.)

    $2,200 (2009 est.)

    note: data are in 2011 US dollars

    GDP - composition by sector:

    agriculture: 19.5%

    industry: 31%

    services: 49.5% (2011 est.)

    Labor force:

    8.083 mil l ion (2011 est.)

    country comparison to the world: 60

    Labor force - by occupation:

    agriculture: 70 %

    industry: 13% services: 17% (2001 est.)

    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ov/library/publications/the-world-factbook/fields/2001.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2048.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2095.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2012.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2004.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2003.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2195.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2001.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2048.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2095.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2012.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2004.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2003.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2195.htmlhttps://www.cia.gov/library/publications/the-world-factbook/fields/2001.htmlhttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html#2048https://www.cia.gov/library/publications/the-world-factbook/rankorder/2095rank.html?countryName=Cameroon&countryCode=cm&regionCode=afr&rank=60#cmhttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html#2095https://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html#2012https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html?countryName=Cameroon&countryCode=cm&regionCode=afr&rank=185#cmhttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html#2004https://www.cia.gov/library/publications/the-world-factbook/rankorder/2003rank.html?countryName=Cameroon&countryCode=cm&regionCode=afr&rank=95#cmhttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html#2003https://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html#2195https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html?countryName=Cameroon&countryCode=cm&regionCode=afr&rank=94#cmhttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html#2001http://www.africaneconomicoutlook.org/#overview
  • 7/30/2019 Economic Details

    10/14

    Unemployment rate:

    30% (2001 est.)

    country comparison to the world: 177

    Population below poverty line:

    48% (2000 est.)

    Household income or consumption by percentage share:

    lowest 10%: 2.3%

    highest 10%: 35.4% (2001)

    Distribution of family income - Gini index:

    44.6 (2001)

    country comparison to the world: 4347.7 (1996)

    Investment (gross fixed):

    19.6% of GDP (2011 est.)

    country comparison to the world: 102

    Budget:

    revenues: $5.01 bil l ion

    expenditures: $5.302 bil l ion (2011 est.)

    Taxes and other revenues:

    19.5% of GDP (2011 est.)country comparison to the world: 166

    Budget surplus (+) or deficit (-):

    -1.1% of GDP (2011 est.)

    country comparison to the world:63

    Public debt:

    13.9% of GDP (2011 est.)

    country comparison to the world: 127 13.5% of GDP (2010 est.)

    Inflation rate (consumer prices):

    2.9% (2011 est.)

    country comparison to the world: 571.3% (2010 est.)

    Central bank discount rate:

    NA% (31 December 2010 est.)

    country comparison to the world: 854.25% (31 December 2009 est.)

    Commercial bank prime lending rate:

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  • 7/30/2019 Economic Details

    11/14

    14.5% (31 December 2011 est.)

    country comparison to the world: 5614% (31 December 2010 est.)

    Stock of narrow money:

    $3.259 bil l ion (31 December 2011 est.)

    country comparison to the world:114 $3.264 bil l ion (31 December 2010 est.)

    Stock of broad money:

    $5.438 bil l ion (31 December 2011 est.)

    country comparison to the world:124 $5.344 bil l ion (31 December 2010 est.)

    Stock of domestic credit:

    $2.523 bil l ion (31 December 2011 est.)

    country comparison to the world:133 $1.587 bil l ion (31 December 2010 est.)

    Market value of publicly traded shares:

    $N A

    Agriculture - products:

    coffee, cocoa, cotton, rubber, bananas, oilseed, grains, cassava (manioc); l ivestock; timber

    Industries:

    petroleum production and refining, aluminum production, food processing, l ight consumer

    goods, texti les, lumber, ship repair

    Industrial production growth rate:

    4% (2010 est.)

    country comparison to the world: 80

    Current account balance:

    -$1.361 bil l ion (2011 est.)

    country comparison to the world: 130

    -$856.3 mil l ion (2010 est.)

    Exports:

    $5.549 bil l ion (2011 est.)

    country comparison to the world: 111 $4.485 bil l ion (2010 est.)

    Exports - commodities:

    crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton

    Exports - partners:

    Spain 13.3%, China 11.4%, Netherlands 9.7%, Italy 8.8%, India 6.6%, France 6.4%, US 5.9%,

    Germany 4.8%, Belgium 4% (2011)

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  • 7/30/2019 Economic Details

    12/14

    Imports:

    $6.108 bil l ion (2011 est.)

    country comparison to the world: 120 $4.663 bil l ion (2010 est.)

    Imports - commodities:

    machinery, electrical equipment, transport equipment, fuel, food

    Imports - partners:

    China 16.9%, France 16.8%, Nigeria 12.4%, Belgium 5.3%, Italy 4.3%, US 4.3% (2011)

    Reserves of foreign exchange and gold:

    $3.316 bil l ion (31 December 2011 est.)

    country comparison to the world: 100

    $3.665 bil l ion (31 December 2010 est.)

    Debt - external:

    $3.147 bil l ion (31 December 2011 est.)

    country comparison to the world: 132 $2.964 bil l ion (31 December 2010 est.)

    Exchange rates:

    Cooperation Financiere en Afrique Centrale francs (XAF) per dollar -

    471.87 (2011 est.)

    495.28 (2010 est.)

    472.19 (2009)447.81 (2008)

    493.51 (2007)

    Fiscal year:

    1 July - 30 June

    https://www.cia.gov/library/publications/the-world-factbook/geos/cm.html 12-10-2012 11:20am

    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  • 7/30/2019 Economic Details

    13/14

    Economy stats: Cameroon vs India

    Cameroonian

    Economy stats

    Indian

    Economy statsAid as % of GDP 4.3% 0.3%

    Ranked 53rd. 13 times more than India Ranked 113rd.

    Economic freedom 1.65 1.5

    Ranked 109th. 10% more than India Ranked 123rd.

    Exports to US $37,000,000.00 $3,233,200,000.00

    Ranked 110th. Ranked 19th. 86 times more than

    Cameroon

    GDP $42,640,000,000.00 $4,164,000,000,000.00

    Ranked 90th in 2006. Ranked 5th in 2006. 97 times more than

    Cameroon

    GDP growth > annual % 2.04 annual % 9.23 annual %

    Ranked 144th in 2005. Ranked 14th in 2005. 4 times more than

    Cameroon

    GDP (per capita) $2,555.93 per capita $3,751.99 per capita

    Ranked 137th in 2006. Ranked 121st in 2006. 47% more than

    Cameroon

    GDP per capita, PPP > current

    international $2,298.54 PPP $ 3,452.5 PPP $

    Ranked 116th in 2005. Ranked 103rd in 2005. 50% more than

    Cameroon

    GDP > PPP $35,116,000,000.00 $3,362,960,000,000.00

    Ranked 79th. Ranked 4th. 95 times more thanCameroon

    Gross National Income $8,740,080,000.00 $477,000,000,000.00

    Ranked 82nd. Ranked 12th. 54 times more than

    Cameroon

    Gross national income > constant LCU 7906602000000 28322300000000

    Gross National Income (per $ GDP) $28.97 per $100 $14.37 per $100

    Ranked 93rd. 102% more than India Ranked 160th.

    http://www.nationmaster.com/country/cm-cameroon/eco-economyhttp://www.nationmaster.com/country/cm-cameroon/eco-economyhttp://www.nationmaster.com/country/cm-cameroon/eco-economyhttp://www.nationmaster.com/country/in-india/eco-economyhttp://www.nationmaster.com/country/in-india/eco-economyhttp://www.nationmaster.com/country/in-india/eco-economyhttp://www.nationmaster.com/graph/eco_aid_as_of_gdp-economy-aid-as-of-gdphttp://www.nationmaster.com/graph/eco_aid_as_of_gdp-economy-aid-as-of-gdphttp://www.nationmaster.com/graph/eco_eco_fre-economy-economic-freedomhttp://www.nationmaster.com/graph/eco_eco_fre-economy-economic-freedomhttp://www.nationmaster.com/graph/eco_exp_to_us-economy-exports-to-ushttp://www.nationmaster.com/graph/eco_gdp-economy-gdphttp://www.nationmaster.com/graph/eco_gdp-economy-gdphttp://www.nationmaster.com/graph/eco_gdp_gro_ann-economy-gdp-growth-annualhttp://www.nationmaster.com/graph/eco_gdp_gro_ann-economy-gdp-growth-annualhttp://www.nationmaster.com/graph/eco_gdp_percap-economy-gdp-per-capitahttp://www.nationmaster.com/graph/eco_gdp_per_cap_ppp_cur_int-per-capita-ppp-current-internationalhttp://www.nationmaster.com/graph/eco_gdp_per_cap_ppp_cur_int-per-capita-ppp-current-internationalhttp://www.nationmaster.com/graph/eco_gdp_ppp-economy-gdp-ppphttp://www.nationmaster.com/graph/eco_gdp_ppp-economy-gdp-ppphttp://www.nationmaster.com/graph/eco_gro_nat_inc-economy-gross-national-incomehttp://www.nationmaster.com/graph/eco_gro_nat_inc_con_lcu-gross-national-income-constant-lcuhttp://www.nationmaster.com/graph/eco_gro_nat_inc_con_lcu-gross-national-income-constant-lcuhttp://www.nationmaster.com/graph/eco_gro_nat_inc_pergdp-gross-national-income-per-gdphttp://www.nationmaster.com/graph/eco_gro_nat_inc_pergdp-gross-national-income-per-gdphttp://www.nationmaster.com/graph/eco_gro_nat_inc_pergdp-gross-national-income-per-gdphttp://www.nationmaster.com/graph/eco_gro_nat_inc_con_lcu-gross-national-income-constant-lcuhttp://www.nationmaster.com/graph/eco_gro_nat_inc-economy-gross-national-incomehttp://www.nationmaster.com/graph/eco_gdp_ppp-economy-gdp-ppphttp://www.nationmaster.com/graph/eco_gdp_per_cap_ppp_cur_int-per-capita-ppp-current-internationalhttp://www.nationmaster.com/graph/eco_gdp_per_cap_ppp_cur_int-per-capita-ppp-current-internationalhttp://www.nationmaster.com/graph/eco_gdp_percap-economy-gdp-per-capitahttp://www.nationmaster.com/graph/eco_gdp_gro_ann-economy-gdp-growth-annualhttp://www.nationmaster.com/graph/eco_gdp-economy-gdphttp://www.nationmaster.com/graph/eco_exp_to_us-economy-exports-to-ushttp://www.nationmaster.com/graph/eco_eco_fre-economy-economic-freedomhttp://www.nationmaster.com/graph/eco_aid_as_of_gdp-economy-aid-as-of-gdphttp://www.nationmaster.com/country/in-india/eco-economyhttp://www.nationmaster.com/country/in-india/eco-economyhttp://www.nationmaster.com/country/cm-cameroon/eco-economyhttp://www.nationmaster.com/country/cm-cameroon/eco-economy
  • 7/30/2019 Economic Details

    14/14

    Household final consumption

    expenditure, etc. > constant 2000 US$

    (per capita)

    529.6 constant 2000 US$ per c 338.6 constant 2000 US$ per c

    Ranked 77th in 2005. 56% more than India Ranked 90th in 2005.

    Human Development Index 0.497 0.602

    Ranked 149th. Ranked 128th. 21% more than

    Cameroon

    Income category Low income Low income

    Income distribution > Poorest 10% 1.9% 3.5%

    Ranked 84th. Ranked 22nd. 84% more than

    Cameroon

    Income distribution > Richest 10% 36.6% 33.5%

    Ranked 26th. 9% more than India Ranked 38th.

    Population under $1 a day 33.4 44.2

    Ranked 18th. Ranked 11th. 32% more than Cameroon

    Poverty > Share of all poor people 0.45 % of world's poor 41.01 % of world's poor

    Ranked 23rd. Ranked 1st. 90 times more than

    Cameroon

    http://www.nationmaster.com/graph/eco_hou_fin_con_exp_etc_con_2000_us_percap-constant-2000-us-per-capitahttp://www.nationmaster.com/graph/eco_hou_fin_con_exp_etc_con_2000_us_percap-constant-2000-us-per-capitahttp://www.nationmaster.com/graph/eco_hou_fin_con_exp_etc_con_2000_us_percap-constant-2000-us-per-capitahttp://www.nationmaster.com/graph/eco_hum_dev_ind-economy-human-development-indexhttp://www.nationmaster.com/graph/eco_hum_dev_ind-economy-human-development-indexhttp://www.nationmaster.com/graph/eco_inc_cat-economy-income-categoryhttp://www.nationmaster.com/graph/eco_inc_dis_poo_10-economy-income-distribution-poorest-10http://www.nationmaster.com/graph/eco_inc_dis_ric_10-economy-income-distribution-richest-10http://www.nationmaster.com/graph/eco_inc_dis_ric_10-economy-income-distribution-richest-10http://www.nationmaster.com/graph/eco_pop_und_1_a_day-economy-population-under-1-dayhttp://www.nationmaster.com/graph/eco_pop_und_1_a_day-economy-population-under-1-dayhttp://www.nationmaster.com/graph/eco_pov_sha_of_all_poo_peo-poverty-share-all-poor-peoplehttp://www.nationmaster.com/graph/eco_pov_sha_of_all_poo_peo-poverty-share-all-poor-peoplehttp://www.nationmaster.com/graph/eco_pov_sha_of_all_poo_peo-poverty-share-all-poor-peoplehttp://www.nationmaster.com/graph/eco_pop_und_1_a_day-economy-population-under-1-dayhttp://www.nationmaster.com/graph/eco_inc_dis_ric_10-economy-income-distribution-richest-10http://www.nationmaster.com/graph/eco_inc_dis_poo_10-economy-income-distribution-poorest-10http://www.nationmaster.com/graph/eco_inc_cat-economy-income-categoryhttp://www.nationmaster.com/graph/eco_hum_dev_ind-economy-human-development-indexhttp://www.nationmaster.com/graph/eco_hou_fin_con_exp_etc_con_2000_us_percap-constant-2000-us-per-capitahttp://www.nationmaster.com/graph/eco_hou_fin_con_exp_etc_con_2000_us_percap-constant-2000-us-per-capitahttp://www.nationmaster.com/graph/eco_hou_fin_con_exp_etc_con_2000_us_percap-constant-2000-us-per-capita