Cameroon recorded a Current Account deficit of 2.70 percent of the country's Gross Domestic Product in 2019. source: Bank of Central African States

Current Account to GDP in Cameroon averaged -3.41 percent from 1977 until 2019, reaching an all time high of 1.38 percent in 2007 and a record low of -7.26 percent in 1987. This page provides - Cameroon Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cameroon Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Cameroon is expected to reach -6.00 percent by the end of 2020, 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 -5.30 percent in 2021 and -3.90 percent in 2022, according to our econometric models.

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Cameroon Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -3.70 1.38 -7.26 1977 - 2019 percent Yearly

Cameroon Trade Last Previous Highest Lowest Unit
Balance of Trade -149.35 -153.32 304.50 -1186.80 CFA Franc Billion [+]
Current Account -730.00 -541.00 -117.60 -730.00 FCFA Billion [+]
Current Account to GDP -2.70 -3.70 1.38 -7.26 percent [+]
Imports 412.00 357.39 4292.00 174.64 CFA Franc Billion [+]
Exports 262.65 204.07 3589.80 108.32 CFA Franc Billion [+]
Gold Reserves 0.00 0.00 0.93 0.00 Tonnes [+]
Terrorism Index 6.63 6.62 7.00 0.00 [+]
Crude Oil Production 66.00 66.00 138.00 58.00 BBL/D/1K [+]


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.