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Economy of Cameroon

Cameroon is a nation located in the central west region of Africa. It is connected with Nigeria in the west. With its decent volume of oil resources and stable agricultural position, Cameroon is proud to be regarded as one of the gifted major commodity economies in sub-Saharan Africa. The estimated GDP, in terms of purchasing power parity was $53.16 billion according to the stats of 2013. Even though it is facing some serious glitches as compare to most of the underdeveloped nations, industries like agriculture, petroleum production, refining, aluminum production, textiles, ship are helping to boost up to the economic conditions of Cameroon. However, the infrastructure of the Cameroon needs some serious investment for more prosper economy. Yaoundé is the capital of Cameroon and Douala is known as the largest city of the country. The government of Cameroon has involved in a good number of both IMF and World Bank programs to stimulate business investment, upsurge the productivity in the agriculture sector and to also increase the trading opportunities in the country. The fiscal year of Cameroon starts from 1 July to 30 June.

Imports of Cameroon

The estimated imports of Cameroon were $6.795 billion according to the stats of 2013. The major importing commodities of Cameroon include electrical equipment, transport equipment, fuel, food, cereals, fish and capital equipment. China, France, Nigeria, Belgium, United States of America and India are among the main import partners of Cameroon.

Exports of Cameroon

Despite the relatively uneven economic conditions, there is a vigilant optimism that Cameroon is developing with full flow to end the economic hardship. Some of their major export commodities include crude oil and petroleum products, lumber, cocoa beans and aluminum. The estimated exports of Cameroon were $6.002 billion in the year 2013 while the major export partners of Cameroon are China, Netherlands, Spain, India, Portugal and France.

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Capital
Yaoundé
Dialing Code
+237
Fiscal Year
1 July - 30 June
Currency
Franc de la Communau (XAF)
GDP
$42,750,000,000
Exports
$5.361 billion (2011 est.) | Crude Oil And Petroleum Products, Lumber, Cocoa Beans, Aluminum, Coffee, Cotton
Imports
$5.901 billion (2011 est.) | Machinery, Electrical Equipment, Transport Equipment, Fuel, Food
Industries
Petroleum Production And Refining, Aluminum Production, Food Processing, Light Consumer Goods, Textiles, Lumber, Ship Repair