The economy of Cameroon advanced 4.2 percent year-on-year in the first quarter of 2019, following a downwardly revised 3.5 percent growth in the previous period. The services sector expanded 3.3 percent, faster than 1.7 percent in Q4 2018, mainly boosted by internal trade (7.9 percent vs 4.3 percent); transport (6.6 percent vs 2.3 percent) and finance & insurance (8.5 percent vs 13.8 percent). Meantime, the secondary sector grew 5.5 percent, above 4.8 percent in Q4, driven by mining (14.3 percent vs 6.2 percent). On the other hand, agricultural activity rose 4.1 percent, slowing from a 8.2 percent growth in Q4. GDP Annual Growth Rate in Cameroon averaged 4.38 percent from 2003 until 2019, 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 4.30 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.