Economical context
The Cameroonian economy is the most diversified in the region. Agricultural and forestry activities, which account for 22.2% of GDP (2014), are based on both cash crops (cocoa, coffee, banana, oil palm, sugar cane, rubber) and food crops (plantain). , corn, cassava ...).
The secondary sector accounts for 30.1% of GDP. Hydrocarbons remain an important part of the economy. The industry covers various sectors (beverages, sugar, oil, soap, milling, aluminum, cement, metallurgy, primary wood processing). The services sector (47.8% of GDP) is dominated by transport (especially ports), trade, mobile telephony and financial services.
Despite this diversification, the bulk of exports (80%) are based on unprocessed products. Trade flows with countries in the CEMAC zone account for only a small share of trade, and Cameroon alone accounts for 70% of intra-community agricultural trade in CEMAC. Cameroon's main trading partners are the EU, Nigeria and China.
Cameroon's economic growth has increased from around 2% in 2009 to 5.9% in 2015, 4.8% in 2016, 3.5% in 2017, and 3.8% in 2018 (estimate). Since 2010, average inflation has remained below 3%. Cameroon's public debt rose from 9.7% of GDP in 2008 to 36.9% of GDP in 2018. Wishing to put Cameroon on the road to emergence by 2035, the authorities have launched a major program structuring projects that aim to boost the economy.
source : https://www.diplomatie.gouv.fr/fr/dossiers-pays/cameroun/presentation-du-cameroun/