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 is forecast to reach 4% this year supported by the entering into operation of infrastructure developments, including the Hilli Episeyo floating liquefied natural gas (FLNG) plant, the Port of Kribi and several new energy facilities. This is despite increasing economic headwinds fuelled by continued conflict in the Anglophone regions, ongoing Boko Haram insurgencies at Lake Chad Basin and dwindling oil production. Furthermore, although political risk seems to be rising, we remain hopeful that the political situation could be changing for the better, especially in the face of mounting international pressure. (Source: Cameroon Quarterly Update, May 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) |
4.0 |
|
GDP per Capita, US$ |
1,555.4 |
|
Import Cover (months) |
5.3 |
|
Population, million |
24.7 |
| Total External Debt (as a % of GDP) |
24.7 |