The Gross Domestic Product (GDP) in Cameroon expanded 0.80 percent in the fourth quarter of 2020 over the same quarter of the previous year. source: Institut National de la Statistique du Cameroun

GDP Annual Growth Rate in Cameroon averaged 4.05 percent from 2003 until 2020, reaching an all time high of 8.50 percent in the fourth quarter of 2013 and a record low of -1.20 percent in the second quarter of 2020. This page provides the latest reported value for - Cameroon GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cameroon GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2021.

GDP Annual Growth Rate in Cameroon is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Cameroon to stand at 2.30 in 12 months time. In the long-term, the Cameroon GDP Annual Growth Rate is projected to trend around 2.70 percent in 2022 and 3.80 percent in 2023, according to our econometric models.

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Cameroon GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.70 8.50 -1.20 2003 - 2020 percent Quarterly

Cameroon GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 0.80 0.70 8.50 -1.20 percent [+]
GDP 39.80 39.00 39.80 0.60 USD Billion [+]
GDP per capita 1490.83 1518.31 1830.98 872.00 USD [+]
GDP per capita PPP 3576.35 3642.28 3642.28 2514.81 USD [+]
Gross Fixed Capital Formation 1393.00 1375.10 1393.00 969.40 XAF Billion [+]
GDP Constant Prices 4323.70 4342.90 4454.40 2439.90 XAF Billion [+]
GDP From Agriculture 240.40 331.20 354.60 193.70 XAF Billion [+]
GDP From Construction 242.10 306.20 306.20 183.20 XAF Billion [+]
GDP From Public Administration 607.40 470.60 607.40 391.70 XAF Billion [+]
GDP From Transport 229.60 245.80 256.00 196.70 XAF Billion [+]

Cameroon GDP Annual Growth Rate
Cameroon is a commodity dependent economy with oil accounting for over 50 percent of total exports. Yet, agriculture employs more than 50 percent of its workforce.