Economy of Cameroon |
Currency |
CFA Franc (XAF) |
Fiscal year |
1 Jan - 31 Dec |
Trade organisations |
AU, WTO |
Statistics [1] |
GDP ranking |
91st (2004) [2] |
GDP |
$30.17 billion (2004) |
GDP growth |
4.9% (2004) |
GDP per capita |
$1,900 (2004) |
GDP by sector |
agriculture (43.7%), industry (20.1%), services (36.2%) (2004) |
Inflation |
1% (2004) |
Pop below poverty line |
48% (2000) |
Labour force |
6.68 million (2004) |
Labour force by occupation |
agriculture (70%), industry and commerce (13%), other (17%) |
Unemployment |
30% (2001) |
Main industries |
petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair |
Trading Partners [3] |
Exports |
$2.445bn (2004) |
Export - Commodities |
crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton |
Main partners |
Spain 16.2%, Italy 14.1%, France 10.2%, UK 9.9%, U.S. 9.6%, Netherlands 5.1% {2004) |
Imports |
$1.979bn (2004) |
Imports - Commodities |
machinery, electrical equipment, transport equipment, fuel, food |
Main Partners |
France 28.2%, Nigeria 9.4%, Belgium 7.6%, U.S. 4.8%, Germany 4.6%, the People's Republic of China 4.4%, Italy 4% |
Public finances [4] |
Public debt |
69.1% of GDP {2004) |
Revenues |
2.493bn 2004) |
Expenses |
$2.248bn (2004) |
Economic aid |
The Paris Club agreed to reduce Cameroon's debt of $1.3 billion by $900 million, debt relief now totals $1.26 billion (2001) |