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Cameroon

Republic of Cameroon: its economy, what is open there now and who is doing business there.

Open tenders, funding calls and programmes
9Show open
Contract awards on record
4,467Awards
Companies on record
347
Deals tracked
5
French, English Central African CFA (XAF) Mixed: French civil law, English common law
AU, ECCAS, CEMAC, AfCFTA, Commonwealth, WTO

Cameroon is Central Africa's largest economy and the region's most diversified, often called "Africa in miniature" for its geographic, cultural, and economic diversity. The economy spans oil production, agriculture (cocoa, coffee, bananas, cotton), forestry, and a growing services sector.

The country is the economic anchor of the Central African Economic and Monetary Community (CEMAC) and benefits from both Francophone and Anglophone business cultures. The deep-water port of Douala serves as the primary trade gateway for landlocked Chad and Central African Republic.

Challenges include Anglophone-region instability, Boko Haram-related security concerns in the Far North, aging infrastructure, and governance issues. The government's National Development Strategy 2020-2030 targets industrialization and structural transformation.

Snapshot

Population~29.9 MWorld Bank, 2025
GDP (current USD)$58.9 BWorld Bank, 2025
GDP per Capita$1,972World Bank, 2025
GDP Growth3.20%World Bank, 2025
Inflation (y/y)~3.40%World Bank, 2025
BEAC TIAO rate5.00%Central Bank
Unemployment3.60%World Bank, ILO modelled estimate, 2025
Internet Use~46.26%World Bank, 2024
Electrification~65.00%World Bank WDI
CPI Score (Rank)26.0/100 (#142)Transparency Intl
HDI (Rank)0.587 (#151)UNDP HDR
Credit RatingS&P: B- (Stable), 18 Sep 2026Moody's: Caa1 (Stable), 27 Jul 2023Fitch: B- (Stable), 16 Oct 2026Long term foreign currency, checked 6 Nov 2026
MarketBVMAC (Bourse des Valeurs Mobilieres de l'Afrique Centrale, Douala)

World Bank Indicators Compare with another country

GDP (current USD)$58.9 BWorld Bank, 2025
GDP growth (annual)3.20%World Bank, 2025
GDP per capita (USD)$1,972World Bank, 2025
Population, total29.9 MWorld Bank, 2025
FDI net inflows (USD)$598.9 MWorld Bank, 2025
Inflation (consumer prices)3.40%World Bank, 2025
Unemployment (% labour force)3.60%World Bank, 2025
Internet use (% of people)46.26%World Bank, 2024
Trade (% of GDP)33.38%World Bank, 2025

Climate Readiness Full ranking

49out of 100
Emerging
Climate adaptation readiness for Cameroon, from 5 of 5 measured indicators.
Energy access6565.0% · 30% weight
Governance readiness2626 / 100 CPI · 20% weight
Human readiness590.587 HDI · 20% weight
Economic readiness48$1,972, 2025 · 15% weight
Digital readiness3636.0% · 15% weight
This scores climate adaptation readiness (adaptive capacity), following the readiness dimension of the ND-GAIN framework, from five measured indicators scaled 0 to 100. It does not measure emissions or physical climate vulnerability. Energy access is the most climate-specific of the five; the others cover governance, the economy, human development and digital readiness. The economic sub-score is relative to the African countries we cover.
How this is computed

Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework, from measured indicators only. It is not a measure of emissions or physical climate vulnerability.

  • Energy access (30%): World Bank, access to electricity (% of population). The single most climate and energy specific signal held: SDG 7 and the clean-energy transition.
  • Governance readiness (20%): Transparency International, Corruption Perceptions Index (0-100). ND-GAIN governance readiness: the capacity to govern and deploy climate finance. Higher is cleaner.
  • Human readiness (20%): UNDP, Human Development Index (0-1). ND-GAIN social readiness: the adaptive capacity of the population.
  • Economic readiness (15%): World Bank, GDP per capita (current US$), latest measured year. ND-GAIN economic readiness: the capacity to finance adaptation. Scored relative to the covered set.
  • Digital readiness (15%): World Bank, individuals using the Internet (% of population). Information systems for early warning and adaptation.

A country is scored only when at least 4 of the five indicators are held. Sub-scores are weighted and renormalised over the indicators that are present; nothing is estimated for one that is absent.

Country Facts

CapitalYaounde
RegionCentral Africa
CurrencyCentral African CFA (XAF)
FX RegimeFixed peg to EUR via CFA franc
Stock ExchangeBVMAC (Bourse des Valeurs Mobilieres de l'Afrique Centrale, Douala)
Investment Promotion AgencyInvestment Promotion Agency (API)
Legal SystemMixed: French civil law, English common law
Time ZoneAfrica/Douala

Focus Sectors

Oil & Gas
Agriculture (cocoa, coffee, banana)
Timber
Mining
Telecoms
Agro-processing
Construction
Transport
Financial Services
Manufacturing

Trade

Exports $6.92B (2024)

7.3% to other African countries

Top export partners

Netherlands
20.3%
China
15.5%
Malaysia
10.8%
France
7.7%
Germany
7.2%
India
6.8%
Italy
6.1%
USA
3.7%
Uganda
3.6%

Top export products (HS 4)

Petroleum oils and oils obtained from bituminous minerals
39.0%
Cocoa beans
18.5%
Petroleum gases and other gaseous hydrocarbons
10.5%
Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm
6.1%
Cocoa; butter, fat and oil
4.8%
Cocoa; paste; whether or not defatted
4.3%
Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
3.6%
Bananas, including plantains
2.6%
Petroleum oils and oils from bituminous minerals, not crude
1.5%
Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared
1.5%

By HS chapter

Mineral fuels, mineral oils and products of their distillation 51.0%Cocoa and cocoa preparations 27.6%Wood and articles of wood 8.7%Natural, cultured pearls 3.6%Fruit and nuts, edible 2.6%Aluminium and articles thereof 1.2%Rubber and articles thereof 1.0%Dairy produce 0.6%Copper and articles thereof 0.5%Coffee, tea, mate and spices 0.4%

Imports $8.23B (2024)

7.0% from other African countries

Top import partners

China
44.3%
France
7.1%
India
6.5%
Belgium
5.0%
Brazil
3.4%
Türkiye
2.4%
USA
2.2%
Thailand
2.2%
Germany
2.1%
Netherlands
1.7%

Top import products (HS 4)

Rice
5.9%
Petroleum oils and oils from bituminous minerals, not crude
5.1%
Cane or beet sugar and chemically pure sucrose, in solid form
3.3%
Wheat and meslin
3.1%
Medicaments
2.6%
Telephone sets, including smartphones and other telephones for cellular/wireless networks
2.5%
Fish
2.1%
Footwear
1.8%
Insecticides, rodenticides, fungicides, herbicides, anti-sprouting products, plant growth regulators, disinfectants and the like, put up in forms or packings for retail sale or as preparations or articles
1.8%
Insulated wire, cable and other electric conductors, connector fitted or not
1.5%

By HS chapter

Machinery and mechanical appliances, boilers, nuclear reactors 10.0%Electrical machinery and equipment and parts thereof 9.7%Cereals 9.3%Mineral fuels, mineral oils and products of their distillation 6.0%Vehicles 6.0%Plastics and articles thereof 4.7%Sugars and sugar confectionery 3.6%Iron or steel articles 3.5%Pharmaceutical products 3.3%Chemical products n.e.c. 2.4%

Source: CEPII BACI (version 202601, updated 22 Jan 2026), Etalab 2.0 (licence). Goods only, HS 2022, current USD, 2024. Aggregated by allbusiness.africa.

Regulations & Taxes

Corporate Income Tax33% (including surcharges)
VAT / Sales Tax19.25% standard