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Cameroon's economy is expected to grow 4 percent this year, up from 3.2 percent in 2017 due to the start of natural gas production and construction work for an … Cameroon’s economic freedom score is 53.6, making its economy the 145th freest in the 2020 Index. Underinvestment in social safety nets and ineffective public financial management also contribute to Cameroon’s high rate of poverty.International migration has been driven by unemployment (including fewer government jobs), poverty, the search for educational opportunities, and corruption. Despite slow movement toward democratic reform, political power remains firmly in the hands of President Paul BIYA. Cameroon’s financial system is the largest in the CEMAC region.
Cameroon continues to have a high risk of debt distress, according to the IMF’s assessment in November 2018 (debt was almost 39% of GDP in 2018, compared with 12% in 2007). While the microfinance sector is consequently becoming increasingly important, its development is hampered by a loose regulatory and supervisory framework for In 2018, Cameroon's financial system is being requested by the International Monetary Fund (IMF) to increase its tax base to cover the losses from the North-West and South-West Cameroon's regions instabilities, the loss of oil revenue, the failure to deliver on port facilities, and the decline in oil production from mature oil fields. Continue reading Cameroon economic growth for 2016 was $32.62B, a 5.52% increase from 2015. The current account deficit is estimated at the same level in 2019 as in 2018 (3.7% of GDP) before declining to 2.6% in 2020 (its 2017 level). gas 53 km; liquid petroleum gas 5 km; oil 1,107 km; water 35 km (2013)(major rivers in the south, such as the Wouri and the Sanaga, are largely non-navigable; in the north, the Benue, which connects through Nigeria to the Niger River, is navigable in the rainy season only to the port of Garoua) (2010) French Cameroon became independent in 1960 as the Republic of Cameroon. Cameroon is a lower-middle-income country with a population of over 25 million (2018). 2010-2018 Data | 2019-2020 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Oil remains Cameroon’s main export commodity, and despite falling global …

However, growth remained below the goal of an average 5.5% over the period. The shape of the population pyramid gradually evolves over time based on fertility, mortality, and international migration trends.median age at first birth among women 25-29 (2011 est. Cameroon is a republic dominated by a strong presidency. 10 regions (regions, singular - region); Adamaoua, Centre, East (Est), Far North (Extreme-Nord), Littoral, North (Nord), North-West (Nord-Ouest), West (Ouest), South (Sud), South-West (Sud-Ouest)1 January 1960 (from French-administered UN trusteeship)State Unification Day (National Day), 20 May (1972)mixed legal system of English common law, French civil law, and customary lawaccepts compulsory ICJ jurisdiction; non-party state to the ICCtCameroon People's Democratic Movement or CPDM [Paul BIYA]Cameroon Renaissance Movement or MRC [Maurice KAMTO]Cameroonian Democratic Union or UDC [Adamou Ndam NJOYA]Movement for the Defense of the Republic or MDR [Dakole DAISSALA]Movement for the Liberation and Development of Cameroon or MLDC [Marcel YONDO]National Union for Democracy and Progress or UNDP [Maigari BELLO BOUBA]Union of Peoples of Cameroon or UPC [Provisionary Management Bureau]Network of Human Rights Defenders in Central Africa or REDHAC [Maximilliene Ngo MBE]ACP, AfDB, AU, BDEAC, C, CEMAC, EITI (compliant country), FAO, FZ, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MONUSCO, NAM, OIC, OIF, OPCW, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTOthree equal vertical bands of green (hoist side), red, and yellow, with a yellow five-pointed star centered in the red band; the vertical tricolor recalls the flag of France; red symbolizes unity, yellow the sun, happiness, and the savannahs in the north, and green hope and the forests in the south; the star is referred to as the "star of unity"
and Consumer Credit Risk Solutions from The country has generally enjoyed stability, which has enabled the development of agriculture, roads, and railways, as well as a petroleum industry. Cameroon, particularly the northern region, is vulnerable to food insecurity largely because of government mismanagement, corruption, high production costs, inadequate infrastructure, and natural disasters. )Cameroon has a large youth population, with more than 60% of the populace under the age of 25. Access to financial services is limited, particularly for SMEs. Cameroon economic growth for 2018 was $38.68B, a 10.74% increase from 2017. The Trading Economics Application Programming Interface (API) provides direct access to our data. Less than 5 percent of Cameroonians have access to a bank account.


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