Cameroon

Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems facing other underdeveloped countries, such as stagnate per capita income, a relatively inequitable distribution of income, a top-heavy civil service, and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation’s banks. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs. Weak prices for oil and cocoa led to the significant slowdown in growth in 2009. The government is under pressure to reduce its budget deficit, which by the government’s own forecast will hit 2.8% of GDP, but the presidential election in 2011 may make fiscal austerity difficult.

$44.65 billion (2010 est.)

$43.44 billion (2009 est.)

$43.05 billion (2008 est.)

$21.88 billion (2010 est.)

2.8% (2010 est.)

0.9% (2009 est.)

3.9% (2008 est.)

$2,300 (2010 est.)

$2,300 (2009 est.)

$2,300 (2008 est.)

7.836 million (2010 est.)

30% (2001 est.)

48% (2000 est.)

44.6 (2001)

47.7 (1996)

21.1% of GDP (2010 est.)

16.8% of GDP (2010 est.)

16.3% of GDP (2009 est.)

1.9% (2010 est.)

3% (2009 est.)

4.25% (31 December 2009)

4.75% (31 December 2008)

NA% (31 December 2009 est.)

NA% (31 December 2008 est.)

$2.888 billion (31 December 2010 est)

$3.074 billion (31 December 2009 est)

$4.831 billion (31 December 2010 est.)

$4.921 billion (31 December 2009 est.)

$848.8 million (31 December 2010 est.)

$1.523 billion (31 December 2009 est.)

$NA

coffee, cocoa, cotton, rubber, bananas, oilseed, grains, root starches; livestock; timber

petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair

4% (2010 est.)

5.601 billion kWh (2007 est.)

4.801 billion kWh (2007 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

77,310 bbl/day (2009 est.)

26,000 bbl/day (2009 est.)

107,100 bbl/day (2007 est.)

45,520 bbl/day (2007 est.)

200 million bbl (1 January 2010 est.)

20 million cu m (2008 est.)

20 million cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

135.1 billion cu m (1 January 2010 est.)

-$826 million (2010 est.)

-$1.137 billion (2009 est.)

$4.371 billion (2010 est.)

$4.079 billion (2009 est.)

crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton

Netherlands 13.99%, Spain 12.25%, Italy 11.84%, China 9.14%, US 6.16%, France 5.51%, South Korea 4.66%, Belgium 4.33%, UK 4% (2009)

$4.869 billion (2010 est.)

$4.405 billion (2009 est.)

machinery, electrical equipment, transport equipment, fuel, food

France 21.03%, Nigeria 10.79%, China 10.25%, Belgium 6.62%, US 4.31% (2009)

$4.023 billion (31 December 2010 est.)

$3.676 billion (31 December 2009 est.)

$3.344 billion (31 December 2010 est.)

$3.231 billion (31 December 2009 est.)

Cooperation Financiere en Afrique Centrale francs 506.04 (2010), 472.19 (2009), 447.81 (2008), 493.51 (2007), 522.59 (2006)