Cameroon Information

Cameroon Information reveals various aspects of the economy of Cameroon. It furnishes details about the different sectors of the country. Cameroon 's strategic location is of immense advantage to the country. Bordered by Nigeria and different nations belonging to Central Africa, Cameroon has easy access to most of the important markets. Cameroon has not been subjected to any civil violence or social disputes and has almost enjoyed a harmonious co existence until the economic crisis in the 80s. Due to economic shortfall between 1980 through 1990, Cameroon was subjected to escalating burden of debt. It was approximately 84% of the gross domestic product in the year 1999. Debt was calculated at USD$ 7.7 billion. Several sectors of the economy suffered drastically due to the burden of debt. In the year 2000, Cameroon was declared eligible for availing debt relief for Heavily Indebted Poor Countries or HIPC. This eligibility was declared by the International Monetary fund or the IMF.

In the following section we have discussed the key indicators of Cameroon.

GDP in 2006-

The GDP purchasing power parity was USD$42.2 billion; GDP real growth rate was 4.1%; GDP per capita (purchasing power parity) was USD$2,400; GDP from agriculture was 45.2%; GDP from the service sector was 38.7%; GDP from industry was 16.1%;

Cameroon information also reveals details about its workforce.
In 2001, the agriculture sector engaged 70% of Cameroon's workforce. Industrial sector employed 13% of the workforce. Service industry provided job opportunities to 17% of the workforce. Rate of unemployment was 30% in 2001.

The agricultural products in the country include cotton, rubber, cocoa, coffee, oilseed, grains, bananas; timber.

The chief industries in Cameroon include food processing, textiles, ship repairing , production of aluminum, consumer goods, lumber, production, refining of petroleum.

Commodities of export:

Petroleum products, cocoa beans, coffee, crude oil, cotton.
Export countries(2005)- Italy, South Korea, Netherlands, UK, France, Spain, USA.

Commodities of import:

Transport equipments, food, fuel, machinery, electrical equipments.
Import partners-Germany, Nigeria, France, China, Thailand, USA, Belgium.

Currency of Cameroon:

The currency of Cameroon is Communaute Financiere Africaine franc. The currency code is XAF