What is the current economic situation in Cameroon?

What is the current economic situation in Cameroon?

Among Central African countries, Cameroon was the hardest hit by the COVID– 19 pandemic in 2020, from a health and economic perspective. Real GDP contracted by 2.4% in 2020, compared with growth of 3.7% in 2019. This 6.1 percentage point decline in economic activity is largely explained by the fall in world oil prices.

What’s the population of Cameroon 2021?

27.2 million persons
Cameroon – Total population In 2021, population for Cameroon was 27.2 million persons. Over the last 50 years, population of Cameroon grew substantially from 6.87 million to 27.2 million persons rising at an increasing annual rate that reached a maximum of 3.23% in 1987 and then decreased to 2.55% in 2021.

Is Cameroon economically developed?

Cameroon’s economic freedom score is 52.9, making its economy the 136th freest in the 2022 Index. Cameroon is ranked 27th among 47 countries in the Sub-Saharan Africa region, and its overall score is below the regional and world averages. The economy contracted by 2.8 percent in 2020.

Which region is the richest in Cameroon?

Cameroon’s East region is with the North, Far-north and Adamoua among the poorest regions in the country. But, paradoxically, it is the richest in forest and mining resources.

What is Cameroon largest export?

Cameroon’s 5 main exports are crude oil, cocoa beans, sawn wood, petroleum gases and rough wood. Combined, that quintet of leading Cameroonian exported products represent 82.3% of the Central African country’s export sales. So high a percentage indicates a highly concentrated portfolio of export goods.

Is Cameroon politically stable?

Though Cameroon is a stable country with ostensibly democratic institutions, political power remains concentrated in the hands of President Biya and his ruling party. The ruling Democratic Rally of the Cameroon People (RDPC) has dominated Cameroonian politics and controlled its government since independence.

Which is the biggest town in Cameroon?

In 2015, approximately 2.77 million people lived in Douala, making it the biggest city in Cameroon.

What are the 3 biggest cities in Cameroon?

Cameroon – 10 Largest Cities

Name Population
1 Douala , Littoral 1,338,082
2 Yaoundé , Centre 1,299,369
3 Garoua , North 436,899
4 Kousséri , Far North 435,547

What is the main industry in Cameroon?

Economy of Cameroon

Main industries petroleum production and refining, aluminium production, food processing, light consumer goods, textiles, lumber, ship repair
Ease-of-doing-business rank 167th (below average, 2020)
Exports $4.732 billion (2017 est.)

What are Cameroon’s major imports?

In 2019, Cameroon exported $302 million of goods to the United States. In 2019, Cameroon’s top imports were crude petroleum ($346 million), scrap vessels ($332 million), rice ($323 million), special purpose ships ($216 million) and packaged medicines ($169 million).