Is Cameroon poor or rich?

Is Cameroon poor or rich?

Cameroon is a lower-middle-income country with a population of over 25 million (2019). Located along the Atlantic Ocean, it shares its borders with the Central African Republic, Chad, Equatorial Guinea, Gabon, and Nigeria.

What is the GDP of Cameroon 2021?

37.50 USD Billion
GDP in Cameroon is expected to reach 37.50 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cameroon GDP is projected to trend around 38.70 USD Billion in 2022, according to our econometric models.

What is the present GDP of Cameroon?

$38.632 billion
Economy of Cameroon

Population 25,216,237 (2018)
GDP $38.632 billion (nominal, 2019 est.) $100.884 billion (PPP, 2019 est.)
GDP rank 93rd (nominal, 2019) 84th (PPP, 2019)
GDP growth 3.5% (2017) 4.1% (2018) 4.0% (2019e) 4.2% (2020f)

What is the number 1 economy in Africa?

Nigeria’s GDP amounted to 441.5 billion U.S. dollars in 2021, the highest in Africa.

Does Cameroon have a good economy?

Growth could reach 4.1% in 2022 and 4.3% in 2023, due particularly to increased gas output. With continued budgetary consolidation engaged within the framework of an economic and financial program signed with the IMF in July 2021, the budget deficit is forecast to improve to 1.9% of GDP in 2022 and 1.3% in 2023.

Which country has the best economy in East Africa?

Kenya is the largest and the most advanced economy in East and Central Africa; with strong growth prospects supported by an emerging, urban middle class and an increasing appetite for high-value goods and services.

Which is better Cameroon or Nigeria?

Nigeria has a GDP per capita of $5,900 as of 2017, while in Cameroon, the GDP per capita is $3,700 as of 2017. Nigeria has a top tax rate of 24.0% as of 2016. In Cameroon, the top tax rate is 35.0% as of 2016.

Is Cameroon the richest country in Africa?

The African economy is expected to reach a GDP of $29 trillion by 2050, powered by its agriculture, trade, and natural resources sectors….Richest African Countries 2022.

Country GDP Per Capita
Cameroon $44.89 Bn $3,740
Tunisia $44.27 Bn $10,590
Sudan $35.83 Bn $4,080
Senegal $27.93 Bn $3,620

What is the per capita GDP of Cameroon?

The Gross Domestic Product per capita in Cameroon was last recorded at 1372.66 US dollars in 2020. The GDP per Capita in Cameroon is equivalent to 11 percent of the world’s average. GDP per capita in Cameroon averaged 1141.95 USD from 1960 until 2020, reaching an all time high of 1685.85 USD in 1986 and a record low of 802.88 USD in 1967.

What does Cameroon base their economy on?

Cameroon’s market-based, diversified economy features oil and gas, timber, aluminum, agriculture, mining and the service sector. Oil remains Cameroon’s main export commodity, and despite falling global oil prices, still accounts for nearly 40% of exports.

What are the main sources of income in Cameroon?

Land. Most of the Cameroonian land is suitable for arboriculture and agriculture,and it was estimated that about 70% of the country’s farms and agriculture accounted for 19.8% of the

  • Oil and Gas. The first offshore oil production in Cameroon began in 1977,and the country’s annual production has fallen steadily since 1985.
  • Minerals.
  • What is the poverty rate in Cameroon?

    – Cameroon poverty rate for 2014 was 71.00%, a 10.4% decline from 2007. – Cameroon poverty rate for 2007 was 81.40%, a 0.5% increase from 2001. – Cameroon poverty rate for 2001 was 80.90%, a 8.2% decline from 1996. – Cameroon poverty rate for 1996 was 89.10%, a 89.1% increase from .