Cameroon
Cameroon is a country with abundant natural resources, but the cumbersome business environment and infrastructure gaps are major obstacles. The centralised power structure keeps political risk elevated at a time of increasing demands for autonomy from the English-speaking region.
Economic growth reached 4.3% y-o-y in the first quarter of 2019, compared to 4.1% y-o-y in the corresponding quarter of 2018, despite the ongoing political conflict in the Far North and the Anglophone (Northwest and Southwest) regions. Going forward, growth should be underpinned by gas production gaining traction at the Hilli Episeyo floating liquefied natural gas (FLNG) plant, the completion of Afcon-related projects, and various other construction and energy developments. We forecast GDP growth to reach 4.2% in 2019, and 4.7% p.a. in the medium term. (Source: Cameroon Country Quarterly Update, October 2019.)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-2.7 |
|
Consumer Price Index (% change y-o-y, avg) |
1.1 |
|
Current Account Balance (as a % of GDP) |
-3.8 |
|
Real GDP (annual % change) |
4.1 |
|
GDP per Capita, US$ |
1,525 |
|
Import Cover (months) |
5.2 |
|
Population, million |
25.2 |
| Total External Debt (as a % of GDP) |
29.9 |