Cameroon recorded a Current Account deficit of 3.20 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Cameroon averaged -3.42 percent from 1977 until 2018, reaching an all time high of 1.38 percent in 2007 and a record low of -7.26 percent in 1987.

Current Account to GDP in Cameroon is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cameroon Current Account to GDP is projected to trend around -3.10 percent in 2020, according to our econometric models.

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Cameroon Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.20 -2.70 1.38 -7.26 1977 - 2018 percent Yearly


Cameroon Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Cameroon Trade Last Previous Highest Lowest Unit
Balance of Trade -43.20 -119.74 304.50 -1186.80 CFA Franc Billion [+]
Current Account -730.00 -541.00 -117.60 -730.00 FCFA Billion [+]
Current Account to GDP -3.20 -2.70 1.38 -7.26 percent [+]
Exports 205.08 189.62 3589.80 108.32 CFA Franc Billion [+]
Imports 248.28 309.36 4292.00 174.64 CFA Franc Billion [+]
Gold Reserves 0.00 0.00 0.93 0.00 Tonnes [+]
Terrorism Index 6.62 6.62 7.00 0.00 [+]
Crude Oil Production 69.00 69.00 124.00 59.00 BBL/D/1K [+]