26/05/2020 - Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates. 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. Cameroon is a commodity dependent economy with oil accounting for over 50 percent of total exports. 89
country comparison to the world (CIA rank, may be based on non-current data): Cameroon’s energy sector continues to diversify, recently opening a natural gas-powered electricity generating plant. Resident Representative for Cameroon Fabien Nsengiyumva Resident Representative . Yet, agriculture employs more than 50 percent of its workforce. Cameroon plays a central role in the Economic and Monetary Community of Central Africa (CEMAC), holding nearly 40% of its money supply. country comparison to the world (CIA rank, may be based on non-current data): 4.6% (2016 est.) country comparison to the world (CIA rank, may be based on non-current data): 30
- … 143 Annual percentage growth rate of GDP at market prices based on constant local currency. The IMF program will end in June 2020, and its effects are likely to continue into 2020 and 2021. Specifically, Cameroon’s real GDP will have to grow by roughly 8% (or 5.7% per capita) between 2015 to 2035, which in turn will require the investment share of GDP to increase from about 20% in 2015 to 30% in 2035, and productivity growth to reach 2% over the same period from its average zero growth rate over the past decade. 107 country comparison to the world (CIA rank, may be based on non-current data):
Cameroon GDP Growth Rate - values, historical data and charts - was last updated on August of 2020. GDP Growth Rate in 2017 was 3.55%, representing a change of 1,246,383,919 US$ over 2016, when Real GDP was $35,118,434,874. The IMF program will end in June 2020, and its effects are likely to continue into 2020 and 2021. country comparison to the world (CIA rank, may be based on non-current data): ... All suggestions for corrections of any errors about Cameroon Economy 2020 should be addressed to the CIA or the source cited on each page. 109 143 Among the Major Seven economies, the United States recorded an annual growth of minus 9.5%, while the United Kingdom recorded the sharpest annual fall … The economy seems to have been hit hard by Covid-19 in the first half of the year, after annual growth had risen at the end of 2019. country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): … 94 Cameroon gdp … Cameroon Economic Outlook July 21, 2020 The economy has been battered by Covid-19 in the first half of the year, after annual growth edged up to 3.8% in Q4 2019. GDP per Capita in Cameroon (with a population of 24,566,073 people) was $1,480 in 2017, an increase of $13 from $1,468 in 2016; this represents a change of 0.9% in GDP … 31 country comparison to the world (CIA rank, may be based on non-current data): August 25, 2020. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. In the first quarter of 2020, real GDP decreased 5.0 percent. GDP Growth Rate in Cameroon is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 116 country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. 115 The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. The statistic shows the growth in real GDP in Cameroon from 2009 to 2018, with projections up until 2021. 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.