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Cameroon

Republic of Cameroon

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
MarketDouala Stock Exchange (DSX)

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)$888.2 MWorld Bank, 2024
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

Country Facts

CapitalYaounde
RegionCentral Africa
CurrencyCentral African CFA (XAF)
FX RegimeFixed peg to EUR via CFA franc
Stock ExchangeDouala Stock Exchange (DSX)
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

Regulations & Taxes

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