The GDP composition of Cameroon in 2023 highlights Services as the leading sector at 27.12%, followed by Mining, Manufacturing, and Utilities at 21.29%. Wholesale and Retail Trade, including Restaurants and Hotels, contribute 21.09%. Agriculture, encompassing Hunting, Forestry, and Fishing, accounts for 16.66%, while Transport, Storage, and Communication represent 8.51%. The Construction sector adds 5.33% to the GDP. Over the past two years, minor shifts have been observed, with services maintaining dominance and slight growth in manufacturing and retail trade. The 5-year CAGR reveals steady development primarily in the service and manufacturing sectors.
Looking ahead, key sectors to watch in Cameroon include an expanding service industry driven by technology and digital communication, potential growth in renewable energy within the utilities sector, and improvements in agricultural efficiency. The prospects of increased investment in infrastructure also hint at a gradual rise in the construction sector.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 27.12 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 21.29 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 21.09 | 2016 | |
| 4 | 4 Agriculture, hunting, forestry, fishing | 16.66 | 2016 | |
| 5 | 5 Transport, storage and communication | 8.51 | 2016 | |
| 6 | 6 Construction | 5.33 | 2016 |
