The economy of Cameroon advanced 3.8 percent year-on-year in the fourth quarter of 2019, following a downwardly revised 3.6 percent growth in the previous period. The secondary sector expanded 5.1 percent, faster than 4.5 percent in Q3 of 2019, mainly boosted by mining (9.2 percent vs 4.9 percent) and construction (6.4 percent vs 6.1 percent). Meanwhile, growth slowed a bit in services (3.5 percent vs 3.6 percent) and in primary activities (2.4 percent vs 2.8 percent). Considering the full year of 2019, the GDP expanded 3.9 percent over a year ago.

GDP Annual Growth Rate in Cameroon averaged 4.36 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. This page provides the latest reported value for - Cameroon GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cameroon GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020.

GDP Annual Growth Rate in Cameroon is expected to be -1.20 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 3.50 in 12 months time. In the long-term, the Cameroon GDP Annual Growth Rate is projected to trend around 3.30 percent in 2021 and 4.30 percent in 2022, according to our econometric models.

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Cameroon GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.60 8.50 0.00 2003 - 2019 percent Quarterly

Cameroon GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.80 3.60 8.50 0.00 percent [+]
GDP 38.76 38.69 38.76 0.62 USD Billion [+]
GDP per capita 1522.70 1502.20 1831.00 872.00 USD [+]
GDP per capita PPP 3652.70 3603.50 3652.70 2514.80 USD [+]
Gross Fixed Capital Formation 1314.80 1198.60 1314.80 969.40 XAF Billion [+]
GDP Constant Prices 4208.00 4454.40 4454.40 2439.90 XAF Billion [+]
GDP From Agriculture 233.70 322.30 344.70 193.70 XAF Billion [+]
GDP From Construction 222.90 284.60 284.60 183.20 XAF Billion [+]
GDP From Public Administration 520.50 557.00 575.40 391.70 XAF Billion [+]
GDP From Transport 235.60 249.70 256.00 196.70 XAF Billion [+]

Cameroon GDP Annual Growth Rate
Cameroon is a commodity dependent economy with oil accounting for over 50 percent of total exports. Yet, agriculture employs more than 50 percent of its workforce.