Imports$6.108 billion (2011 est.)
Exports$5.549 billion (2011 est.)
Inflation rate (consumer prices)2.9% (2011 est.)
Unemployment rate30% (2001 est.)
GDP - per capita (PPP)$2,300 (2011 est.)
National product real growth rate2.8% (2010 est.)
Internet users749,600 (2009)
Telephones - mobile cellular10.409 million (2009)
Population growth rate2.082% (2012 est.)
Population20,129,878 (July 2012 est.)
About this country
French Cameroon became independent in 1960 as the Republic of Cameroon.
The following year the southern portion of neighboring British Cameroon voted to merge with the new country to form the Federal Republic of Cameroon.
In 1972, a new constitution replaced the federation with a unitary state, the United Republic of Cameroon....
Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa.
Still, it faces many of the serious problems facing other underdeveloped countries, such as stagnate per capita income, a relatively inequitable distribution of income, a top-heavy civil service, and a generally unfavorable climate for business enterprise.
Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks....
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GDP growth rose to an estimated 4.4% in 2012, helped by a pick-up in oil production after several years of decline. Growth is expected to accelerate to around 5% over the medium term, supported by highe ...
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