What is the GDP of Cameroon?

Cameroon's GDP is approximately $53.3 billion USD. The GDP growth rate is 3.5%.

What is the population of Cameroon?

Cameroon has a population of approximately 29.1 million people. The population growth rate is 2.6%.

What is the inflation rate in Cameroon?

The inflation rate in Cameroon is 4.5%.

What is the unemployment rate in Cameroon?

The unemployment rate in Cameroon is 3.6%.

What is the GDP per capita of Cameroon?

Cameroon's GDP per capita is approximately $1,830 USD.

Is Cameroon a good country to invest in?

Cameroon has an investment score of 35/100, classified as "Caution" risk. Key sectors include Energy (Oil & Gas), Agriculture, Mining. Credit rating: NR.

How open is Cameroon's economy to trade?

Cameroon's trade openness (trade as % of GDP) is 34%. Exports total approximately $8.4B and imports $10B.

How much foreign investment does Cameroon attract?

Foreign direct investment (FDI) in Cameroon is 1.7% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Cameroon?

Cameroon's economy is composed of services (51% of GDP), industry (23% of GDP), and agriculture (18% of GDP).

Can I start a business in Cameroon as a foreigner?

Cameroon offers various options for foreign entrepreneurs. Visit our business setup guide for Cameroon for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Cameroon's economy growing?

Cameroon's GDP growth rate is 3.5%. This is above the global average, indicating strong economic momentum.

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Cameroon Economy Overview

Name: Cameroon Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLower MiddleCapital: YaoundeCMR

Caution

Growing

53.3B USD

GDP (Nominal)

Growing at 3.5%

$1,830

GDP Per Capita

Developing economy

29.1M

Population

+2.6% annual growth

High

4.5%

Inflation

Moderate

34%of GDP

Trade Openness

1.7%of GDP

FDI Inflows

Public Debt

Low

3.6%

Unemployment

Deficit

-$1.6B

Trade Balance

GDP

Billion USD, nominal

$53.3B

2024+4.5B

GDP Growth

Annual %

3.5%

2024+0.2%

Inflation

Consumer prices, annual %

4.5%

2024-2.9%

Population

Millions

29.1M

2024+0.8M

Economic Structure

Services51%

Industry23%

Agriculture18%

Investment Score Breakdown

Economic Health (30%)38

Political Safety (25%)25

Business Climate (20%)35

Financial Strength (15%)38

Growth Potential (10%)42

Key Sectors

Energy (Oil & Gas)

5% of GDP

declining

Agriculture

15% of GDP

stable

Mining

3% of GDP

growing

Forestry

4% of GDP

stable

Should I Invest in Cameroon?

CautionSetup: ModerateROI: Moderate

Cameroon scores 35/100 on the NationsData Investment Index, rated "Caution". Growth is healthy at 4%.

Investment Score35/100

GDP Growth4%

Inflation5.5%

FDI/GDP1.8%

Public Debt45%

Political Stability-1.0

Strengths

+Healthy GDP growth at 4%

Risks

-Significant political instability - governance risks may affect business continuity
-Elevated inflation (5.5%) - factor into pricing strategy
-Corruption is a significant concern - budget for compliance and due diligence

Also Consider

Kenya

Same region, similar income level

Benin

Same region, similar income level, faster growth (6%)

Nigeria

Same region, similar income level

Uganda

Same region, similar income level, faster growth (5.3%)

Countries Similar to Cameroon

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