Countries
Cameroon
Key Economic Indicators
$162.77 billion
$5,589
3.52%
4.53%
3.6%
$51.327 billion (2024 est.)
32.5% of GDP (2016 est.)
$-2,018,870,650
Economic Overview
largest CEMAC economy with many natural resources; recent political instability and terrorism reducing economic output; systemic corruption; poor property rights enforcement; increasing poverty in northern regions
All Economic Data
Agricultural products
cassava, plantains, oil palm fruit, maize, taro, tomatoes, sorghum, sugarcane, bananas, vegetables (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
2.9% of household expenditures (2023 est.)
On food:
45.8% of household expenditures (2023 est.)
Budget
Expenditures:
$7.624 billion (2021 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$6.385 billion (2021 est.)
Currency
code:
XAF
name:
Central African CFA franc (XAF) [Fr]
Current account balance
$-2,018,870,650
Current account balance 2021:
-$1.794 billion (2021 est.)
Current account balance 2022:
-$1.505 billion (2022 est.)
Current account balance 2023:
-$2.019 billion (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$15.77 billion
Debt - external 2023:
$11.112 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
Exchange rates 2020:
575.586 (2020 est.)
Exchange rates 2021:
554.531 (2021 est.)
Exchange rates 2022:
623.76 (2022 est.)
Exchange rates 2023:
606.57 (2023 est.)
Exchange rates 2024:
606.345 (2024 est.)
Exports
$8.35 billion
Exports 2021:
$7.447 billion (2021 est.)
Exports 2022:
$8.641 billion (2022 est.)
Exports 2023:
$8.353 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
crude petroleum, natural gas, gold, cocoa beans, wood (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Netherlands 21%, France 14%, UAE 13%, India 9%, China 8% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$888.22 million
GDP - composition, by end use
Exports of goods and services:
14.7% (2024 est.)
Government consumption:
10.5% (2024 est.)
Household consumption:
74.5% (2024 est.)
Imports of goods and services:
-21.1% (2024 est.)
Investment in fixed capital:
21.4% (2024 est.)
Investment in inventories:
0% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
17.4% (2024 est.)
Industry:
25.6% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
49.9% (2024 est.)
GDP (official exchange rate)
$51.327 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$1,830
Gini Index coefficient - distribution of family income
46.6 (2014)
Gini Index coefficient - distribution of family income 2021:
42.2 (2021 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$52.38 billion
GNI per capita
$1,700
Gross domestic investment
19 % of GDP
Household income or consumption by percentage share
Highest 10%:
31.1% (2021 est.)
Lowest 10%:
2.1% (2021 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$9.98 billion
Imports 2021:
$9.025 billion (2021 est.)
Imports 2022:
$9.759 billion (2022 est.)
Imports 2023:
$10.294 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
garments, refined petroleum, plastic products, wheat, rice (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 43%, France 6%, India 6%, Belgium 4%, UAE 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
1.9% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair
Inflation rate (consumer prices)
4.53%
Inflation rate (consumer prices) 2022:
6.2% (2022 est.)
Inflation rate (consumer prices) 2023:
7.4% (2023 est.)
Inflation rate (consumer prices) 2024:
4.5% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
11.119 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
11.47 million persons
Labor force - by occupation
agriculture:
41.85%
industry:
14.61%
services:
43.53%
Population below poverty line
37.7%
Public debt
Public debt 2016:
32.5% of GDP (2016 est.)
Real GDP (purchasing power parity)
$162.77 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$133.843 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$138.191 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$143.264 billion (2024 est.)
Real GDP growth rate
3.52%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
3.7% (2022 est.)
Real GDP growth rate 2023:
3.2% (2023 est.)
Real GDP growth rate 2024:
3.7% (2024 est.)
Real GDP per capita
$5,589
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$4,800 (2022 est.)
Real GDP per capita 2023:
$4,900 (2023 est.)
Real GDP per capita 2024:
$4,900 (2024 est.)
Remittances
$690.15 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
1% of GDP (2021 est.)
Remittances 2022:
1.3% of GDP (2022 est.)
Remittances 2023:
1.6% of GDP (2023 est.)
Reserves of foreign exchange and gold
$4.88 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2021:
$4.3 billion (2021 est.)
Reserves of foreign exchange and gold 2022:
$5.133 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$4.882 billion (2023 est.)
Revenue (excl grants)
14 % of GDP
Tax revenue
11 % of GDP
Taxes and other revenues
11.3% (of GDP) (2021 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
3.6%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
3.7% (2022 est.)
Unemployment rate 2023:
3.7% (2023 est.)
Unemployment rate 2024:
3.6% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
6.7% (2024 est.)
Male:
5.9% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
6.2% (2024 est.)
World Bank Indicators
Currency
Central African CFA franc (XAF) Fr (2025)
Exports (US$)
$8.35B (2024)
External Debt
$15.77B (2024)
FDI Net Inflows (US$)
$888.22M (2024)
GDP Growth (%)
3.52 (2024)
Gdp Nominal
$53.30B (2024)
GDP Per Capita
1,830 (2024)
Gini Index
46.60 (2014)
Imports (US$)
$9.98B (2024)
Inflation Rate (%)
4.53 (2024)
Languages
English, French (2025)
Reserves
$4.88B (2023)
Unemployment Rate (%)
3.60 (2024)
Youth Unemployment
6.62 (2024)
Economic Rankings
Gini Index
#24
External Debt
#53
GDP (PPP)
#84
GDP (Nominal)
#91
Reserves
#99
Inflation Rate
#119
Exports
#121
Imports
#122
Unemployment Rate
#133
GDP Growth Rate
#140
GDP per Capita
#152
Quick Facts
Industries
petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair
Agricultural products
cassava, plantains, oil palm fruit, maize, taro, tomatoes, sorghum, sugarcane, bananas, vegetables (2023)
Labor force
11.119 million (2024 est.)
Exports - partners
Netherlands 21%, France 14%, UAE 13%, India 9%, China 8% (2023)
Imports - partners
China 43%, France 6%, India 6%, Belgium 4%, UAE 4% (2023)
Exchange rates
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
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