In-Depth Analysis
Cameroon
Cameroon has abundant natural resources, but the cumbersome business environment and infrastructure gaps are major obstacles. The coronavirus pandemic will reduce growth prospects and underpin the need for infrastructural development. The centralised power structure keeps political risk elevated, while insecurity in the restive Anglophone regions remains a perennial concern.
Our outlook on the Cameroonian economy has improved notably over the past 12 months, as additional funding from the IMF and World Bank has managed to simultaneously ease immediate concerns related to debt sustainability and boost medium-term economic growth prospects. Concurrently, external factors, such as rebounding global demand, elevated commodity prices, and recovering foreign investment flows are also anticipated to boost growth over the next few years. As a result, real GDP growth is forecast to accelerate from an estimated 3.5% in 2021 to 4.2% this year, before averaging 3.8% p.a. over the 2023-26 period. (Source: Cameroon Quarterly Update, January 2022.)
Macroeconomic Data
(2021)
|
Fiscal Balance (as a % of GDP) |
-3.2 |
|
Consumer Price Index (% change y-o-y, avg) |
2.2 |
|
Current Account Balance (as a % of GDP) |
-3.6 |
|
Real GDP (annual % change) |
3.5 |
|
GDP per Capita, US$ |
1,643.3 |
|
Import Cover (months) |
5.5 |
|
Population, million |
27.2 |
| Total External Debt (as a % of GDP) |
35.2 |