The economy of Cameroon grew 4.6 percent year-on-year in the third quarter of 2018, quickening from an upwardly revised 4.2 percent advance in the previous period. It is the fastest growth since Q1 2016, mainly boosted by gains in secondary industry (6.2% vs 1.3% in Q2) of which mining & quarrying (7.8% vs -5.9%), food industries (4.8% vs 0.1%); other manufacturing (7.5% vs 0.6%) and electricity supply (4.6% vs 4.1%). Also, the tertiary sector contributed to the expansion (4.6% vs 5.1%). Meantime, agricultural activity rose much less (1.8% vs 4.5%). GDP Annual Growth Rate in Cameroon averaged 4.38 percent from 2003 until 2018, reaching an all time high of 8.50 percent in the fourth quarter of 2013 and a record low of 0 percent in the fourth quarter of 2015.
GDP Annual Growth Rate in Cameroon is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Cameroon to stand at 4.10 in 12 months time. In the long-term, the Cameroon GDP Annual Growth Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.