Cameroon

Description of Cameroon

Cameroon, a country nestled in Central Africa, holds a strategic geopolitical position with access to both the Atlantic Ocean and the vast resources of the African continent. Endowed with diverse landscapes, from lush rainforests to savannahs, Cameroon boasts a rich cultural tapestry, reflecting the traditions of over 200 ethnic groups. As a nation transitioning towards industrialization and economic diversification, Cameroon faces a myriad of challenges and opportunities on its path to development. This website delves into the macroeconomic dynamics, geopolitical significance, and key statistics shaping Cameroon's trajectory in the global arena.

Population And Age Structure

Population, total: With a population of 26,491,087, Cameroon is below the average population of 40,097,746. The country ranks 53 out of 194 countries in total population.

Population ages 0-14 (% of total population): Cameroon's 0-14 age group makes up 42.63% of the total population, which is higher than the average of 27.34%. Cameroon ranks 20 out of 194 countries in this demographic.

Population ages 0-14, total: The total number of children aged 0-14 in Cameroon is 11,291,870, slightly lower than the average of 10,327,380. Cameroon ranks 37 out of 194 countries in this age group.

Population ages 15-64 (% of total population): Cameroon's working-age population (15-64) represents 54.64% of the total population, below the average of 63.44%. The country ranks 172 out of 194 countries in this category.

Population ages 15-64, total: There are 14,474,160 individuals aged 15-64 in Cameroon, significantly lower than the average of 26,003,407. Cameroon ranks 55 out of 194 countries for this demographic.

Population ages 65 and above (% of total population): The elderly population (65 and above) accounts for 2.74% of Cameroon's total population, much lower than the average of 9.22%. Cameroon ranks 174 out of 194 countries in this age group.

Population ages 65 and above, total: Cameroon has 725,057 individuals aged 65 and above, well below the average of 3,766,959. The country ranks 86 out of 194 countries in this age category.

Summary

Cameroon has a population below the global average, with a high percentage of children aged 0-14 and a lower percentage of working-age individuals (15-64). This demographic distribution could impact the country's labor force and dependency ratio, potentially affecting economic productivity and social welfare programs. Understanding these population dynamics is crucial for policymakers to plan for the future, such as addressing education and healthcare needs for the younger population and developing retirement and healthcare services for the elderly.

Population Miscellaneous

1. Rural population in Cameroon is 11,242,817, which is below the average of 18,044,041. With a rank of 48 out of 190 countries, it indicates a moderately populated rural area compared to other nations.

2. Rural population (% of total population) stands at 42.44% in Cameroon, slightly above the average of 41.16%. The country ranks 90 out of 190 countries in this aspect.

3. Urban population of 15,248,270 is below the average of 22,425,747, positioning Cameroon at 49 out of 194 countries, suggesting a lower urban population density.

4. Urban population (% of total population) is 57.56% in Cameroon, below the average of 59.69%. The country ranks 105 out of 194 countries in terms of urbanization.

5. The Age dependency ratio (% of working-age population) in Cameroon is 83.02%, significantly higher than the average of 59.22%. This places Cameroon at rank 23 out of 194 countries, indicating a higher dependency on the working-age population.

6. Cameroon's crude Birth rate of 35.51 per 1,000 people exceeds the average of 19.38, ranking 16 out of 192 countries, signaling a relatively higher birth rate.

7. With a crude Death rate of 8.42 per 1,000 people, Cameroon is slightly above the average of 8.21. The country ranks 75 out of 192 countries concerning mortality rate.

8. The Fertility rate in Cameroon is 4.54 births per woman, surpassing the average of 2.60. Cameroon ranks 17 out of 190 countries, indicating a higher fertility rate compared to the average.

Summary

Cameroon exhibits a moderately populated rural area and lower urban population density compared to global averages. The country has a significantly higher age dependency ratio, indicating a greater reliance on the working-age population. Additionally, Cameroon has relatively higher birth and fertility rates, which could impact future demographic trends and workforce dynamics.

These indicators are crucial for policymakers and analysts as they provide insights into Cameroon's demographic structure, population distribution, and potential challenges related to dependency ratios and healthcare services. Understanding these statistics is essential for developing targeted policies to address the country's evolving demographics effectively.

Military

Based on the data provided, in terms of Military expenditure (current USD), Cameroon's expenditure of $393,299,390.06 is significantly below the average of $12,904,993,617.17, ranking 92 out of 149 countries.

For Military expenditure (% of GDP), Cameroon's expenditure of 0.96% is below the average of 1.90%, placing it at 117 out of 148 countries in the dataset.

Regarding Armed forces personnel, total, Cameroon's 34,000 personnel is lower than the average of 165,908.54, ranking 85 out of 164 countries.

Lastly, for Armed forces personnel (% of total labor force), Cameroon's percentage of 0.31% is below the average of 1.28%, positioning it at 144 out of 164 countries.

Summary

Cameroon's military expenditure, both in absolute terms and as a percentage of GDP, is below the global average, indicating a relatively smaller investment in defense compared to other countries in the dataset. The total number of armed forces personnel in Cameroon is also significantly lower than the average, suggesting a smaller military workforce. These indicators are crucial as they reflect Cameroon's prioritization of defense spending and the size of its military in relation to its labor force, which can have implications for national security, defense capabilities, and resource allocation decisions.

Natural Resources

1. Forest area (sq. km): Cameroon's forest area is 203404.8 sq. km, below the average of 211606.11 sq. km. It ranks 30th out of 191 countries in the dataset.

2. Land area (sq. km): Cameroon's land area is 472710 sq. km, below the average of 665166.51 sq. km. It ranks 51st out of 194 countries.

3. Surface area (sq. km): Cameroon's surface area is 475440 sq. km, below the average of 689779.56 sq. km. It ranks 54th out of 194 countries.

4. Arable land (hectares): Cameroon has 6200000 hectares of arable land, below the average of 7329543.16 hectares. It ranks 38th out of 190 countries.

5. Land under cereal production (hectares): Cameroon has 2118556 hectares of land under cereal production, below the average of 4206011.63 hectares. It ranks 52nd out of 174 countries.

6. Average precipitation in depth (mm per year): Cameroon has an average precipitation depth of 1604 mm per year, above the average of 1157.83 mm per year. It ranks 50th out of 178 countries.

7. Renewable internal freshwater resources, total (billion cubic meters): Cameroon has 273 billion cubic meters of renewable internal freshwater resources, above the average of 240.41 billion cubic meters. It ranks 27th out of 178 countries.

Summary

Cameroon ranks below average in forest area, land area, surface area, arable land, and land under cereal production compared to other countries in the dataset. However, it ranks above average in average precipitation depth and renewable internal freshwater resources. These indicators are crucial as they provide insights into Cameroon's environmental sustainability, agricultural potential, and water resource management, highlighting areas for potential growth and development.

Resource Rents

1. Total natural resources rents (% of GDP): Cameroon's value for this attribute is 4.34%, slightly below the average of 4.63%. Cameroon ranks 58 out of 175 countries in this dataset.

2. Forest rents (% of GDP): Cameroon's value for this attribute is 2.70%, which is higher than the average of 1.53%. This places Cameroon at rank 30 out of 174 countries.

3. Oil rents (% of GDP): Cameroon's value for this attribute is 1.28%, lower than the average of 2.51%. The country ranks 32 out of 117 countries in this dataset.

4. Natural gas rents (% of GDP): Cameroon's value for this attribute is 0.36%, below the average of 1.25%. Cameroon holds the 34th position out of 96 countries in this dataset.

Summary

Cameroon has a significant share of natural resources rents in its GDP, with values for forest rents and oil rents notably higher and lower than the global averages, respectively. The country's ranking in these indicators positions it favorably compared to numerous other nations. This data highlights Cameroon's reliance on natural resources for economic growth and underscores the importance of sustainable resource management and diversification to mitigate economic risks associated with fluctuations in global commodity prices.

Commodities

Cereal production in Cameroon is 3,678,843.99 metric tons, which is significantly below the average of 17,249,945.93 metric tons, ranking 71 out of 174 countries. Aquaculture production stands at 8,500 metric tons, much lower than the average of 679,642.92 metric tons, ranking 82 out of 180 countries.

Capture fisheries production is 281,630 metric tons in Cameroon, below the average of 467,453.06 metric tons, ranking 47 out of 190 countries. Total fisheries production is 290,130 metric tons, also below the average of 1,153,914.85 metric tons, ranking 47 out of 182 countries.

Fertilizer consumption in Cameroon is 13.39 kilograms per hectare of arable land, lower than the average of 159.04 kilograms per hectare, ranking 153 out of 187 countries.

Summary

Cameroon's agricultural sector faces challenges as shown by its below-average cereal production, aquaculture production, capture fisheries production, and total fisheries production. The low fertilizer consumption in the country further indicates potential struggles in achieving optimal crop yields. Addressing these issues is vital for improving food security, boosting economic growth, and enhancing the country's overall agricultural competitiveness globally.

Intellectual Property

Cameroon's number of Scientific and technical journal articles is 1130.5, significantly below the average of 15103.76 articles among 192 countries, ranking it 80th out of the included countries.

Cameroon's Charges for the use of intellectual property, payments (BoP, current US$) amount to 2099252.21, well below the average of 3218843494.39, making it 123rd out of 143 countries in the dataset.

Cameroon received 2406487.65 in Charges for the use of intellectual property, receipts (BoP, current US$), also below the average of 3191687117.58. This places Cameroon at 81st out of 122 countries in the ranking.

Summary

Cameroon lags behind in scientific and technical journal articles production, intellectual property charges payments, and receipts compared to global averages and rankings among countries. This could indicate a lack of investment in research and development, potentially hindering innovation, economic growth, and competitiveness in the international market.

Broad Economy Attributes

Cameroon's GDP (current US$) is significantly below the average of $442,870,224,838.68, ranking 90th out of 189 countries. The GDP, PPP (current international $) for Cameroon is also below average at $102,542,479,274.65, placing it 87th out of 181 countries.

Cameroon's GDP per capita (current US$) is notably lower than the average of $15,462.11, standing at $1,539.13. This ranks Cameroon 151st out of 190 countries. The GDP per capita, PPP (current international $) for Cameroon is also below average at $3,870.83, positioning it 147th out of 181 countries.

Furthermore, Cameroon's GNI (current US$) is below average at $39,888,925,026.94, ranking 89th out of 185 countries. The GNI, PPP (current international $) for Cameroon is below average at $100,318,472,355.47, placing it 87th out of 181 countries.

Lastly, Cameroon's GNI per capita, PPP (current international $) is significantly lower than the average of $20,615.75, at $3,790, ranking it 149th out of 181 countries.

Summary

Cameroon lags behind the global average in key macroeconomic indicators such as GDP, GDP per capita, GNI, and GNI per capita. These lower-than-average figures suggest that Cameroon's economy faces challenges in comparison to other nations, highlighting the need for targeted economic development initiatives, increased productivity, and improved living standards for its citizens.

Broad Value Added

Cameroon's Gross Value Added at Basic Prices (GVA) is $37,632,417,765.27, ranking 84th out of 176 countries. It is below the attribute average of $360,070,943,595.12.

Agriculture, forestry, and fishing value added in Cameroon accounts for 17.50% of its GDP, ranking 46th out of 182 countries. This is above the attribute average of 10.86%.

Cameroon's Agriculture, forestry, and fishing value added in current US dollars is $7,134,038,986.93, ranking 56th out of 182 countries. It is below the attribute average of $19,924,732,828.07.

Services value added in Cameroon represents 51.76% of its GDP, ranking 127th out of 183 countries. This is below the attribute average of 56.72%.

The Services value added in current US dollars for Cameroon is $21,105,012,794.74, ranking 90th out of 183 countries, below the average of $295,837,711,130.69.

Cameroon's Industry (including construction) value added is $9,393,365,983.59, ranking 90th out of 183 countries. It falls below the attribute average of $118,421,095,413.50.

Summary

Cameroon's economy demonstrates strengths in agriculture, forestry, and fishing sectors, with these industries accounting for a significant portion of its GDP and ranking above the global average. However, the country lags behind in services and industry sectors, both in terms of contribution to GDP and in comparison to global averages. This imbalance suggests a reliance on traditional sectors and highlights the need for diversification and growth in service and industrial activities to enhance economic resilience and competitiveness.

Manufacturing Value Added

Cameroon's Manufacturing value added in current US dollars is $5.37 billion, significantly below the attribute average of $76.21 billion, ranking at 84 out of 173 countries. The country is lagging behind in this aspect compared to the average.

Manufacturing value added as a percentage of GDP in Cameroon is 13.18%, higher than the attribute average of 11.90%. Cameroon ranks at 66 out of 173 countries in this attribute, showing a relatively strong performance compared to other nations.

Cameroon's Medium and high-tech manufacturing value added as a percentage of total manufacturing value added is 7.61%, much lower than the attribute average of 24.49%. This places Cameroon at 124 out of 149 countries, indicating a significant gap in this aspect compared to other nations.

Summary

Cameroon's manufacturing value added in current US dollars is considerably below the global average, signaling a significant gap in its manufacturing sector's output. However, the country performs relatively well in terms of manufacturing value added as a percentage of GDP, surpassing the global average. Nonetheless, Cameroon lags significantly in medium and high-tech manufacturing value added, highlighting a potential need for investments in advanced manufacturing capabilities to enhance industrial growth and competitiveness.

Money

Cameroon's consumer price inflation rate stands at 2.44%, below the average of 8.26% among 165 countries, placing Cameroon at rank 75 out of the data pool. On the other hand, the GDP deflator inflation rate for Cameroon is 0.71%, which is notably lower than the average of 6.90% across 188 countries, positioning Cameroon at rank 130 in the dataset.

Summary

Cameroon's consumer price inflation rate of 2.44% is lower than the global average of 8.26%, placing the country at rank 75 out of 165 countries analyzed. Additionally, Cameroon's GDP deflator inflation rate of 0.71% is significantly below the global average of 6.90%, ranking the country at 130 out of 188 countries surveyed.

These findings indicate that Cameroon has relatively low inflation rates compared to the global averages. A lower consumer price inflation rate suggests stability in prices for consumers, potentially leading to greater purchasing power and economic predictability. The low GDP deflator inflation rate indicates a minimal increase in the overall price level of goods and services produced in the country, which can be beneficial for economic growth and competitiveness.

Consumption Expenditure

Final consumption expenditure (current US$): Cameroon's final consumption expenditure amounts to $34,904,643,439.41, ranking 82nd out of 159 countries included in the data. This is significantly below the attribute average of $381,630,252,515.38.

Final consumption expenditure (% of GDP): Cameroon's final consumption expenditure as a percentage of GDP stands at 85.61%, which is higher than the average of 82.37%. Cameroon ranks 60th out of 159 countries for this metric.

General government final consumption expenditure (current US$): Cameroon's expenditure is $5,007,741,631.94, placing it 87th out of 158 countries. This value is much lower than the attribute average of $93,676,578,238.03.

General government final consumption expenditure (% of GDP): Cameroon's expenditure represents 12.28% of its GDP, ranking 123rd out of 158 countries. This is below the average of 18.71%.

Household and NPISHs final consumption expenditure (current US$): Cameroon's expenditure in this category is $29,896,904,807.48, placing it 79th out of 158 countries. The country's value is notably below the average of $290,127,571,157.69.

Households and NPISHs final consumption expenditure (% of GDP): With a value of 73.32% of GDP, Cameroon ranks 42nd out of 158 countries. This is higher than the average of 63.68%.

Summary

Cameroon's final consumption expenditure reflects a relatively lower overall spending amount compared to the global average, with a significant portion of its GDP being allocated to consumption. The country's government expenditure is notably below average, although household expenditure as a percentage of GDP surpasses the global mean. These indicators are crucial as they highlight Cameroon's domestic spending patterns, with a higher emphasis on household consumption relative to government expenditure.

Investment

1. Foreign direct investment, net (BoP, current US$): Cameroon received a net FDI of -590,771,937.99 USD, which is below the average of -1,615,235,980.51 USD. Cameroon ranks 95th out of 169 countries in this dataset.

2. Foreign direct investment, net inflows (BoP, current US$): Cameroon attracted a net FDI inflow of 675,186,993.65 USD, lower than the average of 5,749,271,080.15 USD. The country is ranked 85th out of 182 nations.

3. Foreign direct investment, net inflows (% of GDP): The FDI inflows into Cameroon account for 1.66% of its GDP, which is below the average of 2.61%. Cameroon holds the 92nd rank out of 178 countries.

4. Foreign direct investment, net outflows (BoP, current US$): Cameroon had net FDI outflows of 84,415,055.66 USD, significantly lower than the average outflow of 5,707,991,116.07 USD. The country is ranked 73rd out of 156 nations.

5. Foreign direct investment, net outflows (% of GDP): Cameroon's FDI outflows represent 0.21% of its GDP, below the average of 1.00%. Cameroon ranks 81st out of 155 countries in this metric.

6. Portfolio Investment, net (BoP, current US$): Cameroon shows a net portfolio investment of -35,845,583.81 USD, well below the average of 679,559,169.57 USD. The country is placed 95th out of 159 nations.

7. Portfolio equity, net inflows (BoP, current US$): Cameroon attracted portfolio equity net inflows of 15,123.01 USD, significantly below the average of 9,197,145,994.70 USD. The country holds the 63rd rank out of 125 countries in this aspect.

Summary

Cameroon's foreign direct investment performance is below average, with net FDI, net FDI inflows, and net FDI outflows all falling short of global averages. Additionally, the country's portfolio investment and portfolio equity inflows are also significantly lower than the average. These numbers indicate that Cameroon may need to attract more foreign investments to boost its economic growth and development, as FDI and portfolio investments play a crucial role in financing projects, creating jobs, and transferring skills and technology.

Debt

Cameroon's total debt service as a percentage of GNI is 3.28%, which is below the average of 5.98%. The country is ranked 71 out of 120 countries for this attribute.

The public and publicly guaranteed debt service as a percentage of GNI in Cameroon is 2.39%, slightly lower than the average of 2.84%. Cameroon ranks 58 out of 120 countries in this aspect.

Cameroon's external debt stocks as a percentage of GNI stand at 36.90%, significantly lower than the average of 65.42%. The country is ranked 86 out of 120 nations in this category.

When it comes to the total debt service on external debt in current US dollars, Cameroon pays $1,310,081,406.2, which is below the average of $9,811,195,839.23. The country ranks 56 out of 123 countries for this metric.

For the debt service on external debt that is public and publicly guaranteed, Cameroon pays $951,862,860.9, less than the average of $3,310,612,057.60. The country ranks 48 out of 123 nations in this respect.

Regarding external debt stocks that are public and publicly guaranteed, Cameroon holds $11,387,752,687, significantly below the average of $28,695,879,144.98. The country is ranked 49 out of 123 countries for this attribute.

Cameroon's external debt stocks in the private nonguaranteed sector amount to $1,695,348,000, well below the average of $33,734,699,285.22. The country ranks 65 out of 91 countries in this category.

In total external debt stocks, including public, publicly guaranteed, and private nonguaranteed, Cameroon holds $14,720,283,846.30, which is below the average of $73,845,530,111.82. The country ranks 59 out of 123 nations for this combined metric.

Summary

Cameroon demonstrates prudent debt management practices with lower total debt service, public debt service, and external debt stocks as a percentage of GNI compared to global averages. The country also ranks relatively well in terms of debt service payments in US dollars. These indicators are crucial as they showcase Cameroon's ability to manage its debt burden effectively, maintain financial stability, and potentially attract investors due to lower debt risks.

Broad Trade Attributes

Trade (% of GDP): Cameroon's trade as a percentage of GDP stands at 33.74%, below the average of 82.34%. This places Cameroon at rank 148 out of 163 countries in the dataset.

Merchandise trade (% of GDP): Cameroon's merchandise trade as a percentage of GDP is 21.22%, lower than the average of 60.01%. Cameroon ranks 182 out of 186 countries in this indicator.

Trade in services (% of GDP): Cameroon's trade in services accounts for 9.38% of its GDP, below the average of 24.63%. The country holds the 126th position out of 171 countries in this metric.

External balance on goods and services (current US$): Cameroon has a negative balance of $1.33 billion in goods and services. This is below the average balance of $3.41 billion. Cameroon ranks 109th out of 163 countries.

External balance on goods and services (% of GDP): Cameroon's external balance is -3.27% of its GDP, while the average is -5.97%. Cameroon ranks 84th out of 163 countries based on this indicator.

Summary

Cameroon's trade as a percentage of GDP, both in terms of total and merchandise trade, falls below global averages, ranking relatively low among countries in the dataset. The country also exhibits a negative balance in goods and services, although the percentage of GDP impacted by this deficit is lower than the average. These indicators suggest that Cameroon may be facing challenges in achieving a more balanced and sustainable trade environment, which is crucial for long-term economic stability and growth.

Net Trade

Cameroon's current account balance is -1512407003.61 USD, which is below the attribute average of 1443864831.49 USD. Cameroon ranks 124th out of 170 countries in this attribute.

The current account balance as a percentage of GDP for Cameroon is -3.71%, lower than the average of -2.36%. Cameroon ranks 113th out of 170 countries in this metric.

Cameroon's net trade in goods and services is -1088012800.04 USD, significantly lower than the average of 2604730003.57 USD. Cameroon is ranked 108th out of 171 countries in this category.

In terms of net primary income, Cameroon has a value of -838477463.57 USD, slightly below the average of -903807529.74 USD. Cameroon ranks 100th out of 170 countries in this aspect.

Cameroon's net secondary income is 414083260.008 USD, which is higher than the average of -269227340.40 USD. Cameroon ranks 85th out of 170 countries in this attribute.

For net trade in goods specifically, Cameroon's value of -679366093.88 USD is well below the average of 1302831005.68 USD. Cameroon is ranked 97th out of 171 countries for this metric.

In the net capital account, Cameroon has a value of 74020594.84 USD, lower than the average of 136543824.05 USD. Cameroon is ranked 76th out of 159 countries in this attribute.

Cameroon's net financial account stands at -1424443314.75 USD, much lower than the average of -469840994.63 USD. Cameroon ranks 126th out of 170 countries in this category.

Summary

Cameroon's macroeconomic indicators show a consistent pattern of deficits across various categories, including current account balance, net trade in goods and services, primary income, and financial account. These rankings indicate that Cameroon is facing challenges in achieving a positive balance in its international transactions, which may impact its overall economic stability and ability to attract foreign investments. Addressing these deficits and improving the country's macroeconomic indicators will be crucial for sustainable economic growth and development in Cameroon.

Broad Export Attributes

Cameroon's exports of goods, services, and primary income (BoP, current US$) amount to 6.29 billion, ranking 107 out of 170 countries. This value is significantly below the attribute average of 146.23 billion.

The country's exports of goods and services (BoP, current US$) total 6.12 billion, ranking 105 out of 170 countries. This value is well below the attribute average of 122.94 billion.

Cameroon's exports of goods and services (current US$) stand at 6.21 billion, ranking 101 out of 163 countries, significantly lower than the average of 129.60 billion.

Exports of goods and services (% of GDP) for Cameroon are at 15.24%, ranking 140 out of 163 countries. This value is notably below the average of 38.19%.

The country's goods exports (BoP, current US$) are valued at 4.42 billion, ranking 105 out of 171 countries, significantly below the average of 93.31 billion.

Cameroon's international tourism receipts (% of total exports) are 7.14%, ranking 43 out of 120 countries. This value is slightly below the average of 9.74%.

Summary

Cameroon's export performance across various indicators, such as exports of goods, services, and primary income, goods and services as well as goods exports, falls below the global average rankings. This suggests that Cameroon's economy may be facing challenges in competitiveness, diversification, and capacity to capitalize on international trade opportunities, potentially indicating a need for targeted policy interventions and strategies to boost export capabilities and economic growth.

Merchandise Exports

When it comes to Merchandise exports (current US$), Cameroon's value of $3,132,000,000 is significantly below the average of $89,542,711,229.95, placing Cameroon at rank 123 out of 187 countries in the dataset.

Cameroon excels in Agricultural raw materials exports (% of merchandise exports) with a value of 20.42%, well above the average of 2.97%. This places Cameroon at rank 2 out of 151 countries in the dataset.

In terms of Food exports (% of merchandise exports), Cameroon's value of 23.86% is slightly below the average of 24.06%. Cameroon ranks 54 out of 152 countries.

Cameroon's Fuel exports (% of merchandise exports) stand at 45.61%, significantly higher than the average of 13.70%, positioning Cameroon at rank 14 out of 147 countries.

Cameroon's Ores and metals exports (% of merchandise exports) of 3.30% is below the average of 9.10%, resulting in a rank of 74 out of 152 countries.

Lastly, Cameroon's Merchandise exports by the reporting economy, residual (% of total merchandise exports) are at 0.0005%, well below the average of 3.20%. This places Cameroon at rank 152 out of 166 countries included in the data.

Summary

Cameroon's strong performance in agricultural raw materials exports and food exports signifies its comparative advantage in the agriculture sector, fostering potential for economic growth and trade stability. However, the country's heavy reliance on fuel exports may pose risks due to market volatility and environmental concerns. Further diversification of export sectors could help mitigate these risks and ensure long-term economic sustainability.

Technology Exports

- Cameroon's Manufactures exports account for 6.81% of merchandise exports, significantly below the average of 42.62%. Cameroon ranks 134th out of 152 countries in this attribute.

- High-technology exports in Cameroon amount to $6,620,517, well below the average of $16,655,934,078.80. Cameroon holds the 119th position out of 151 countries in this category.

- Cameroon's High-technology exports as a percentage of manufactured exports stand at 3.08%, lower than the average of 10.15%. This places Cameroon at the 101st spot out of 150 countries.

- Medium and high-tech exports in Cameroon make up 11.69% of manufactured exports, falling short of the average of 34.29%. Cameroon ranks 115th out of 149 countries for this attribute.

Summary

Cameroon's performance in key macroeconomic indicators related to exports, particularly in manufactures, high-technology exports, and medium/high-tech exports, falls below global averages and positions the country lower in international rankings. These indicators reflect Cameroon's current challenges in diversifying and upgrading its export capabilities to higher value-added products, which are crucial for sustainable economic growth, competitiveness, and resilience in the global market.

Service Exports

Service exports (BoP, current US$): Cameroon's service exports amount to $1,708,683,308.51, ranking 92 out of 171 countries. This value is significantly below the average service export value of $28,917,292,503.82.

ICT service exports (BoP, current US$): Cameroon's ICT service exports stand at $149,516,051.48, ranking 84 out of 166 countries included in the data. This figure is notably lower than the attribute average of $4,578,501,153.77.

ICT service exports (% of service exports, BoP): Cameroon's ICT service exports as a percentage of total service exports is 8.75%, ranking 83 out of 166 countries. The country's value is below the average of 11.75%.

Communications, computer, etc. (% of service exports, BoP): Cameroon's allocation to communications, computer, etc. services is 33.81% of total service exports, ranking 115 out of 169 countries. This percentage is lower than the average of 45.85%.

Transport services (% of service exports, BoP): Cameroon's focus on transport services constitutes 34.62% of its service exports, ranking 32 out of 169 countries. This figure is higher than the average of 21.80%.

Travel services (% of service exports, BoP): Cameroon's emphasis on travel services is 25.57% of total service exports, placing it at rank 67 out of 167 countries. This percentage is slightly below the average of 26.40%.

Insurance and financial services (% of service exports, BoP): Cameroon's insurance and financial services account for 5.99% of its service exports, ranking 55 out of 161 countries. The country's value is under the average of 6.46%.

Summary

Cameroon's service exports, including ICT, communications, computer services, transport, travel, insurance, and financial services, display strengths and weaknesses compared to global averages and rankings. While the country excels in transport services exports, it lags in ICT and communications services. Understanding these statistics is crucial for policymakers and business stakeholders to identify sectors for improvement and growth opportunities in Cameroon's service export industry.

Commercial Service Exports

Cameroon's Commercial service exports amount to $1,616,493,269.73, ranking 95th out of 171 countries. This value is significantly below the average of $28,508,218,402.80.

The country's Travel services contribute 27.03% to its commercial service exports, slightly below the average of 27.89%. Cameroon ranks 67th out of 167 countries for this attribute.

Cameroon's Computer, communications, and other services make up 30.04% of its commercial service exports, ranking 111th out of 169 countries. This value is notably lower than the average of 42.44%.

The country's Insurance and financial services represent 6.34% of its commercial service exports, which is lower than the average of 6.97%. Cameroon ranks 56th out of 161 countries for this metric.

Transport services contribute 36.59% to Cameroon's commercial service exports, ranking 38th out of 169 countries. This percentage is significantly higher than the average of 23.37%.

Summary

Cameroon's commercial service exports are notably below the global average, with key sectors such as Travel services and Computer, communications, and other services falling short. However, Transport services play a significant role in the country's exports, outperforming the global average by a substantial margin. These indicators are crucial as they highlight areas where Cameroon is lagging and excelling in terms of diversifying its export base, which is essential for sustainable economic growth and stability.

Broad Import Attributes

1. Imports of goods and services (current US$): Cameroon's value of $7,544,328,670.74 is significantly below the average of $126,191,355,599.06. Cameroon ranks 103 out of 163 countries in this dataset.

2. Imports of goods and services (% of GDP): Cameroon's value of 18.50% is below the average of 44.15%. Cameroon ranks 149 out of 163 countries in this dataset.

3. International tourism, expenditures (% of total imports): Cameroon's value of 9.66% is above the average of 3.98%. Cameroon ranks 11 out of 131 countries in this dataset.

4. Goods imports (BoP, current US$): Cameroon's value of $5,095,127,570.70 is notably below the average of $92,007,788,027.17. Cameroon ranks 111 out of 171 countries in this dataset.

5. Imports of goods and services (BoP, current US$): Cameroon's value of $7,212,457,585.37 is significantly below the average of $120,321,577,988.12. Cameroon ranks 108 out of 170 countries in this dataset.

6. Imports of goods, services and primary income (BoP, current US$): Cameroon's value of $8,213,353,588.25 is well below the average of $144,514,428,722.28. Cameroon ranks 108 out of 170 countries in this dataset.

Summary

Cameroon's import levels across various indicators are notably below global averages, with rankings ranging from 103 to 149 out of 163 countries. Particularly concerning is the low percentage of imports relative to GDP, indicating potential limitations in domestic consumption and economic growth. The high percentage of international tourism expenditures compared to total imports suggests a reliance on tourism for economic activity, highlighting the importance of diversifying the economy to reduce vulnerability to external shocks in the global tourism industry.

Merchandise Imports

Analysis of key import statistics for Cameroon:

1. Merchandise imports (current US$): Cameroon's merchandise imports amount to \$5,521,000,000, ranking 114th out of 190 countries. This value is significantly below the average of \$89,385,605,263. With a lower ranking, Cameroon's imports are relatively lower compared to other countries in the dataset.

2. Manufactures imports (% of merchandise imports): Cameroon's percentage of manufactured imports is 53.57%, which is below the average of 66.76%. Ranked 137th out of 152 countries, Cameroon has a lower proportion of manufactured imports compared to the average.

3. Agricultural raw materials imports (% of merchandise imports): Cameroon imports 1.70% of agricultural raw materials, higher than the average of 1.27%. With a rank of 34 out of 152 countries, Cameroon's focus on agricultural raw materials in its imports is relatively higher than the average.

4. Food imports (% of merchandise imports): Cameroon's food imports constitute 22.59% of merchandise imports, above the average of 15.89%. Cameroon ranks 26th out of 152 countries in this aspect, indicating a higher focus on food imports compared to the average.

5. Fuel imports (% of merchandise imports): With fuel imports accounting for 20.63% of merchandise imports, Cameroon exceeds the average of 11.38%. Ranked 11th out of 152 countries, Cameroon has a relatively higher dependency on fuel imports compared to the average.

6. Ores and metals imports (% of merchandise imports): Cameroon's ores and metals imports represent 1.50% of total imports, below the average of 2.57%. Cameroon ranks 84th out of 152 countries, indicating a lower focus on ores and metals imports compared to the average.

7. Merchandise imports by the reporting economy, residual (% of total merchandise imports): Cameroon's residual imports account for 0.60% of total merchandise imports, below the average of 2.51%. Ranked 79th out of 180 countries, Cameroon's residual imports are relatively lower compared to the average.

Summary

Cameroon's key import statistics reveal that the country has a lower total merchandise import value compared to the average, ranking 114th out of 190 countries. While Cameroon has a higher focus on food and fuel imports, it imports a lower proportion of manufactured goods and ores/metals. Understanding these import dynamics is crucial for assessing Cameroon's economic dependence on specific sectors and its trade relationships with other nations.

Service Imports

Service imports (BoP, current US$): Cameroon's value for service imports is significantly below the average of $27,615,356,170. Cameroon ranks 95th out of 171 countries in this attribute.

Communications, computer, etc. (% of service imports, BoP): Cameroon's percentage for communications, computer, etc. as part of service imports is below the average of 44.40%. Cameroon ranks 131st out of 169 countries in this attribute.

Transport services (% of service imports, BoP): Cameroon's percentage for transport services in service imports is above the average of 32.90%. Cameroon ranks 62nd out of 169 countries in this attribute.

Travel services (% of service imports, BoP): Cameroon's percentage for travel services as part of service imports is significantly above the average of 14.14%. Cameroon ranks 21st out of 169 countries in this attribute.

Insurance and financial services (% of service imports, BoP): Cameroon's percentage for insurance and financial services in service imports is below the average of 8.53%. Cameroon ranks 81st out of 169 countries in this attribute.

Summary

Cameroon's service imports value is notably lower than the global average, ranking 95th out of 171 countries. However, the country exhibits strengths in travel services, ranking 21st globally, and transport services, ranking 62nd. In contrast, its percentages for communications and financial services in service imports are below average.

These findings are crucial as they highlight Cameroon's relative standing in the global service import market. Understanding these metrics can aid policymakers in identifying strengths to leverage and areas that may require development to enhance the country's competitiveness and economic growth in the international arena.

Commercial Service Imports

Cameroon's Commercial service imports amount to $2,072,413,812.16, ranking 95th out of 171 countries. This value is significantly below the average of $27,102,746,128.60.

Computer, communications, and other services represent 27.96% of Cameroon's commercial service imports, which is below the average of 41.71%. Cameroon ranks 123rd out of 169 countries for this attribute.

Cameroon's Insurance and financial services constitute 7.34% of its commercial service imports, slightly below the average of 8.85%. The country ranks 82nd out of 169 nations for this metric.

Transport services make up 38.01% of Cameroon's commercial service imports, higher than the average of 34.71%. Cameroon ranks 64th out of 169 countries in this category.

Travel services contribute 26.69% to Cameroon's commercial service imports, surpassing the average of 14.73%. Cameroon ranks 22nd out of 169 countries for travel services.

Summary

Cameroon's commercial service imports are below the global average, with significant variations in the composition of these imports compared to other countries. While the country excels in travel services, ranking 22nd globally, it lags behind in computer, communications, and other services. Understanding these differences is crucial for Cameroon to strategically allocate resources and improve its trade balance.

Infrastructure

Cameroon's railways passengers carried are significantly below the average of 32,281.92 million passenger-km, ranking 52 out of 64 countries in the dataset. Their railways goods transported are also below average at 955.515 million ton-km, ranking 48 out of 62 countries.

In terms of air transport, Cameroon's freight transport of 0.024731 million ton-km is far below the average of 1,384.37 million ton-km, placing them at rank 120 out of 126 countries. Similarly, the country's registered carrier departures of 1169 fall short of the average of 134,365.61 departures, ranking them 133 out of 149.

Cameroon's passengers carried by air stand at 40,884, well below the average of 11,848,242 passengers, ranking them at 133 out of 149 countries. Additionally, their container port traffic of 366,667 TEU is significantly less than the average of 6,907,110.27 TEU, placing them at rank 90 out of 110.

Lastly, Cameroon's total rail lines span 884 route-km, below the average of 12,204.74 route-km, and ranked 55 out of 66 countries in the dataset.

Summary

Cameroon lags behind in key macroeconomic indicators related to transportation infrastructure such as railways, air transport, and ports. This deficiency can hinder the country's economic growth potential by limiting the efficiency of moving both passengers and goods within and outside its borders. Improving and investing in transportation infrastructure could enhance Cameroon's connectivity, trade capabilities, and overall economic competitiveness on the global stage.

Information Technology Infrastructure

1. Secure Internet servers: Cameroon has 444 secure internet servers, which is significantly below the average of 458,294. Cameroon ranks 137th out of 193 countries in this attribute.

2. Secure Internet servers (per 1 million people): Cameroon has 16.76 secure internet servers per 1 million people, a value much lower than the average of 14,067. Cameroon is ranked 168th out of 193 countries in this metric.

3. Individuals using the Internet (% of population): Cameroon has 45.53% of its population using the internet, which is below the average of 64.77%. Cameroon ranks 135th out of 180 countries in this category.

4. Fixed broadband subscriptions: Cameroon has 722,579 fixed broadband subscriptions, significantly lower than the average of 6,591,956. Cameroon ranks 77th out of 185 countries in this aspect.

5. Mobile cellular subscriptions: Cameroon has 22,350,310 mobile cellular subscriptions, well below the average of 42,526,464. This places Cameroon in the 54th position out of 193 countries for mobile cellular subscriptions.

Summary

Cameroon lags behind the global average in key internet and technology indicators such as secure internet servers, internet usage per population, fixed broadband subscriptions, and mobile cellular subscriptions. These statistics indicate a digital divide that may hinder the country's overall development and competitiveness in the global economy. Improving access to and quality of internet services can help Cameroon bridge this gap, enhance communication and information exchange, and foster innovation and economic growth.

Energy Consumption

Cameroon's renewable energy consumption stands at 78.94%, significantly higher than the average of 32.18%. This places Cameroon at rank 21 out of 191 countries in terms of renewable energy consumption.

On the other hand, Cameroon's CO2 emissions amount to 9928.4 kt, which is notably below the average of 171895.94 kt. Cameroon ranks 101 out of 188 countries in CO2 emissions.

Summary

Cameroon stands out for its high renewable energy consumption at 78.94%, ranking 21st globally, well above the average. Additionally, the country's low CO2 emissions of 9928.4 kt place it below the global average, ranking 101st. These indicators highlight Cameroon's commitment to sustainable practices, positioning it as a leader in renewable energy adoption and environmental stewardship among nations worldwide.

Government Balance Sheet

Cameroon's net acquisition of financial assets (% of GDP) is below the average at -0.0097, ranking 64 out of 87 countries. The country is not as active in acquiring financial assets compared to other nations in the dataset.

Cameroon's net incurrence of liabilities, total (% of GDP) stands at 3.3942, lower than the average of 7.4311. This places Cameroon at rank 73 out of 92 countries, indicating a relatively conservative approach to taking on liabilities.

Cameroon's reserves and related items (BoP, current US$) are notably low at -544,865,250.62, in comparison to the average of 1,924,407,186.58. This places Cameroon at a rank of 133 out of 171 countries, suggesting the country may need to build up its reserves for a stronger economic position.

Summary

Cameroon demonstrates a cautious financial behavior with a low net acquisition of financial assets and incurrence of liabilities compared to other countries in the dataset. Additionally, its reserves and related items are significantly below the average, highlighting a need for Cameroon to focus on building up reserves to enhance its economic stability and resilience in the face of external shocks.

Government Revenue

1. Revenue, excluding grants (% of GDP): In Cameroon, the value is 13.12% of GDP, which is below the average of 27.02%. Cameroon ranks 106 out of 122 countries in this attribute.

2. Grants and other revenue (% of revenue): Cameroon's value of 16.55% falls below the average of 23.54%. The country ranks 60 out of 108 countries in this category.

3. Social contributions (% of revenue): Cameroon's value is 1.77%, significantly lower than the average of 22.29%. The country ranks 75 out of 81 countries in this attribute.

4. Taxes on goods and services (% of revenue): Cameroon's value of 42.29% is above the average of 31.82%. The country ranks 21 out of 122 countries in this aspect.

5. Taxes on international trade (% of revenue): With a value of 11.19%, Cameroon surpasses the average of 6.24%. The country holds the 17th rank out of 101 countries in this attribute.

6. Other taxes (% of revenue): Cameroon's value stands at 3.77%, higher than the average of 2.12%. The country ranks 17 out of 106 countries in this category.

7. Taxes on income, profits and capital gains (% of revenue): The value for Cameroon is 24.43%, slightly below the average of 24.66%. Cameroon ranks 57 out of 119 countries in this attribute.

Summary

Cameroon's macroeconomic indicators suggest a mixed fiscal performance. The country generally falls below average in revenue indicators such as excluding grants, grants and other revenue, social contributions, and taxes on income, profits, and capital gains. However, Cameroon performs above average in taxes on goods and services, international trade, and other taxes. These indicators are vital as they reflect the country's revenue composition, fiscal policies, and economic structure, providing insights into its economic stability, reliance on different revenue sources, and potential areas for improvement.

Taxes

Cameroon's tax revenue as a percentage of GDP is 10.87%, which is below the average of 16.72%. Cameroon ranks 100th out of 123 countries in this attribute data.

When it comes to taxes on exports as a percentage of tax revenue, Cameroon's value is 1.28%, lower than the average of 2.54%. Cameroon ranks 9th out of 36 countries for this metric.

Cameroon's customs and other import duties as a percentage of tax revenue stand at 12.41%, higher than the average of 9.01%. The country ranks 23rd out of 99 nations in this aspect.

In terms of taxes on income, profits, and capital gains as a percentage of total taxes, Cameroon's value is 29.92%, below the average of 38.40%. Cameroon holds the 87th rank out of 120 countries in this category.

Summary

Cameroon has below-average tax revenue as a percentage of GDP, ranking 100th out of 123 countries. The country also has lower taxes on exports compared to the average, ranking 9th out of 36 countries. However, Cameroon's customs and import duties as a percentage of tax revenue are higher than average, ranking 23rd out of 99 nations, while taxes on income, profits, and capital gains as a percentage of total taxes are below average, with a ranking of 87th out of 120 countries.

These findings are crucial as they indicate areas where Cameroon may need to focus on improving its tax policies to enhance revenue generation. Low tax revenue as a percentage of GDP and taxes on income, profits, and capital gains suggest potential inefficiencies in the tax system that could be addressed to boost government income. On the other hand, the higher customs and import duties highlight a reliance on trade-related revenue, which could have implications for the country's trade competitiveness and economic diversification.

Government Expenses

1. Expense (% of GDP): In Cameroon, expenses account for 12.06% of the GDP, which is below the average of 31.69%. This places Cameroon at rank 118 out of 123 countries in the dataset.

2. Compensation of employees (% of expense): The percentage of expense allocated to employee compensation in Cameroon is 37.17%, surpassing the average of 24.70%. This places Cameroon at rank 23 out of 123 countries.

3. Goods and services expense (% of expense): Cameroon allocates 33.53% of its expenses to goods and services, significantly higher than the average of 14.77%. This places Cameroon at rank 9 out of 122 countries.

4. Interest payments (% of expense): Cameroon spends 6.98% of its expenses on interest payments, slightly above the average of 6.85%. This places Cameroon at rank 47 out of 121 countries.

5. Other expense (% of expense): Cameroon's allocation of expenses to other categories is 0.60%, considerably below the average of 8.29%. This places Cameroon at rank 115 out of 120 countries.

6. Subsidies and other transfers (% of expense): In Cameroon, 21.72% of expenses are directed towards subsidies and transfers, which is significantly lower than the average of 43.29%. This places Cameroon at rank 104 out of 121 countries.

Summary

The analysis reveals that Cameroon maintains a relatively low level of expense as a percentage of GDP compared to the average of the countries in the dataset. However, the country allocates a higher percentage of its expenses towards employee compensation and goods/services, indicating a prioritization of these areas. It also spends less on interest payments and other categories compared to the average. These findings are crucial as they reflect Cameroon's budget allocation priorities and its economic stability in terms of debt management and resource distribution.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Birth rate, crude (per 1,000 people)	16/192
Fertility rate, total (births per woman)	17/190
Agricultural raw materials exports (% of merchandise exports)	2/151
Fuel exports (% of merchandise exports)	14/147
International tourism, expenditures (% of total imports)	11/131
Fuel imports (% of merchandise imports)	11/152
Goods and services expense (% of expense)	9/122

Ranks in Bottom Decile For:

Attribute	Rank/Total
Trade (% of GDP)	148/163
Merchandise trade (% of GDP)	182/186
Merchandise exports by the reporting economy, residual (% of total merchandise exports)	152/166
Imports of goods and services (% of GDP)	149/163
Manufactures imports (% of merchandise imports)	137/152
Air transport, freight (million ton-km)	120/126
Social contributions (% of revenue)	75/81
Expense (% of GDP)	118/123
Other expense (% of expense)	115/120