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Cameroon economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Cameroon ranked 91/197 by economy size with a GDP of $53.3B and 158/197 by GDP per capita at $1,830. Cameroon has $22.8B in government debt, with a debt-to-GDP ratio of 42.8%.

In 2024, Cameroon made up 0.05% of the world's economy, compared to 0.04% in 1960.

Cameroon GDP & GDP growth by year

GDP, current $
Inflation-adjusted growth
1x
Year GDP GDP growth
2024 $53,296,694,320 3.52%
2023 $48,814,501,547 3.35%
2022 $44,347,206,073 3.74%
2021 $45,011,937,347 3.34%
2020 $40,773,241,177 0.26%
2019 $39,667,757,528 3.48%
2018 $39,955,552,190 3.96%
2017 $36,098,547,033 3.54%
2016 $33,814,337,044 4.54%
2015 $32,210,233,020 5.67%
2014 $36,386,544,706 5.72%
2013 $33,728,621,180 5%
2012 $30,155,062,329 4.63%
2011 $30,630,910,495 3.38%
2010 $27,507,501,821 2.9%
2009 $27,932,970,317 2.58%
2008 $27,715,142,033 2.85%
2007 $23,928,250,433 4.33%
2006 $20,910,512,975 3.81%
2005 $19,509,852,207 2.23%
2004 $18,826,214,136 7.05%
2003 $15,970,315,035 5.45%
2002 $12,417,251,350 4.48%
2001 $10,953,485,349 4.32%
2000 $10,566,579,295 3.83%
1999 $11,565,826,465 4.51%
1998 $11,298,144,990 4.73%
1997 $10,789,458,433 4.53%
1996 $11,093,538,846 4.22%
1995 $10,864,772,471 2.89%
1994 $8,902,446,252 1.88%
1993 $16,181,814,713 -7.93%
1992 $12,071,775,335 -3.1%
1991 $11,840,192,296 -3.81%
1990 $12,314,482,628 -6.11%
1989 $11,012,566,195 -1.82%
1988 $12,236,057,362 -7.82%
1987 $13,049,659,981 -2.15%
1986 $11,857,056,199 6.77%
1985 $8,544,810,498 8.06%
1984 $7,311,938,026 7.47%
1983 $6,870,200,010 6.87%
1982 $6,611,255,964 7.52%
1981 $6,610,938,617 17.1%
1980 $6,674,569,047 -1.97%
1979 $5,919,002,983 6.04%
1978 $4,662,852,583 22%
1977 $3,394,664,024 13.7%
1976 $2,898,090,002 -5.5%
1975 $2,857,037,371 11.2%
1974 $2,157,415,533 10.7%
1973 $1,901,393,361 5.36%
1972 $1,498,251,890 2.67%
1971 $1,236,941,394 3.48%
1970 $1,151,216,993 3.09%
1969 $1,100,551,489 4.9%
1968 $1,046,191,218 6.35%
1967 $936,175,260 -10.9%
1966 $851,112,535 4.61%
1965 $814,083,266 2.03%
1964 $776,650,177 3.55%
1963 $718,320,845 3.74%
1962 $694,247,864 3.04%
1961 $652,777,608 1.18%
1960 $614,206,068 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cameroon | CC BY

Cameroon GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $1,830 $5,589
2023 $1,720 $5,411
2022 $1,605 $5,189
2021 $1,672 $4,794
2020 $1,556 $4,365
2019 $1,555 $4,241
2018 $1,611 $4,011
2017 $1,496 $3,767
2016 $1,442 $3,627
2015 $1,415 $3,498
2014 $1,649 $3,422
2013 $1,576 $3,239
2012 $1,449 $3,060
2011 $1,514 $2,989
2010 $1,399 $2,914
2009 $1,461 $2,879
2008 $1,492 $2,870
2007 $1,326 $2,818
2006 $1,191 $2,704
2005 $1,143 $2,598
2004 $1,133 $2,533
2003 $988 $2,368
2002 $790 $2,263
2001 $715 $2,191
2000 $709 $2,108
1999 $796 $2,039
1998 $799 $1,975
1997 $783 $1,915
1996 $827 $1,850
1995 $832 $1,790
1994 $701 $1,752
1993 $1,310 $1,731
1992 $1,005 $1,890
1991 $1,015 $1,963
1990 $1,087 $2,032
1989 $1,001 -
1988 $1,145 -
1987 $1,258 -
1986 $1,179 -
1985 $875 -
1984 $772 -
1983 $746 -
1982 $732 -
1981 $750 -
1980 $784 -
1979 $718 -
1978 $582 -
1977 $435 -
1976 $381 -
1975 $386 -
1974 $299.9 -
1973 $271.8 -
1972 $220.1 -
1971 $186.7 -
1970 $178.5 -
1969 $175.2 -
1968 $170.8 -
1967 $156.6 -
1966 $145.8 -
1965 $142.7 -
1964 $139.2 -
1963 $131.6 -
1962 $130 -
1961 $124.6 -
1960 $119.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cameroon | CC BY

Cameroon has a GDP per capita of $1,830, ranking 158/197, a GDP per capita based on purchasing power parity (PPP) of $5,589, ranking 156/197, and a median annual after tax income of $1,578, ranking 179/197.

Cameroon GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 90 148 143
2023 89 156 150
2022 93 158 151
2021 90 157 151
2020 93 156 150
2019 95 157 151
2018 95 156 149
2017 98 157 152
2016 97 154 153
2015 99 153 154
2014 96 151 153
2013 97 153 153
2012 97 152 152
2011 94 151 154
2010 93 151 153
2009 90 145 152
2008 93 147 151
2007 88 147 149
2006 85 145 149
2005 83 138 147
2004 82 128 148
2003 83 133 148
2002 88 137 147
2001 88 139 148
2000 88 137 149
1999 85 130 148
1998 83 133 146
1997 85 135 145
1996 81 129 142
1995 83 124 140
1994 81 126 136
1993 64 97 135
1992 71 110 130
1991 72 111 130
1990 73 107 127
1989 63 95 -
1988 62 89 -
1987 60 85 -
1986 59 84 -
1985 64 91 -
1984 69 97 -
1983 70 101 -
1982 73 104 -
1981 74 104 -
1980 72 102 -
1979 68 94 -
1978 69 101 -
1977 73 110 -
1976 75 108 -
1975 72 104 -
1974 77 109 -
1973 75 107 -
1972 75 107 -
1971 76 113 -
1970 76 112 -
1969 74 91 -
1968 73 90 -
1967 75 92 -
1966 75 93 -
1965 74 92 -
1964 71 87 -
1963 71 87 -
1962 68 86 -
1961 68 84 -
1960 67 83 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cameroon | CC BY

Compared with 2000, in 2024 Cameroon is ranked 90th out of 182 by GDP (down from 88th), 148th by GDP per capita (down from 137th), and 143rd by GDP per capita PPP (up from 149th).

Economic indicators

Cameroon Rank
Gross domestic product
$53.3B
2024
91/197
GDP growth
3.52%
2023-2024
87/194
GDP per capita
$1,830
2024
158/197
GDP per capita, PPP
$5,589
2024
156/197
Government debt
$22.8B
2024
96/185
Debt-to-GDP ratio
42.8%
2024
125/185
Government debt per person
$784
2024
152/185
Average annual personal income after taxes
$1,578
2026
179/197
Income share by richest 10%
31.1%
2021
47/169
Income share by poorest 10%
2.1%
2021
127/169
Government expenditure, % of GDP
16.7%
2024
176/195
Consumer prices inflation
4.53%
2023-2024
64/195
Unemployment rate
3.28%
2021
148/196
Population
30864115
52/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 16.7% 42.8% -1.48%
2023 17.1% 43.1% -0.63%
2022 17.1% 45.6% -1.11%
2021 17.1% 47.2% -3.01%
2020 16.6% 44.9% -3.19%
2019 18.7% 41.6% -3.24%
2018 18% 38.3% -2.41%
2017 19.2% 36.5% -4.72%
2016 20.2% 32.1% -5.88%
2015 20.1% 31.6% -4.25%
2014 20.1% 20.7% -4.09%
2013 19.2% 17.5% -3.55%
2012 17.2% 14.9% -1.4%
2011 17.8% 15.9% -2.26%
2010 15.2% 14% -0.93%
2009 14.7% 11.3% -0.04%
2008 15.9% 11.2% 2%
2007 13.5% 13.8% 3.87%
2006 12.5% 18.4% 28.2%
2005 12.4% 43.8% 3.03%
2004 13.4% 51.7% -0.46%
2003 13.2% 51.5% 0.56%
2002 13.9% 56.6% 1.51%
2001 14.6% 62.2% 0.86%
2000 14.6% 75.9% 1.54%
1999 - 68.4% -
1998 - 67.8% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

GeoRank.org/economy/cameroon | CC BY

This chart shows Cameroon's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of them, with an average annual deficit equal to 0.04% of GDP. In 2024, government spending reached $8.91B (16.7% of GDP), with a deficit of 1.48%.

The national debt reached $22.8B, ranking 96th out of 185 countries by total size, with a debt-to-GDP ratio of 42.8%, ranking 125th.

Inflation rate by year

1x
Year Inflation
2024 4.53%
2023 7.38%
2022 6.25%
2021 2.27%
2020 2.44%
2019 2.45%
2018 1.07%
2017 0.64%
2016 0.87%
2015 2.68%
2014 1.85%
2013 2.05%
2012 2.74%
2011 2.94%
2010 1.28%
2009 3.04%
2008 5.34%
2007 0.92%
2006 5.12%
2005 2.01%
2004 0.23%
2003 0.62%
2002 2.83%
2001 4.42%
2000 1.23%
1999 1.87%
1998 3.17%
1997 4.79%
1996 3.92%
1995 9.07%
1994 35.1%
1993 -3.21%
1992 -0.02%
1991 0.06%
1990 1.1%
1989 -1.67%
1988 1.68%
1987 13.1%
1986 7.77%
1985 8.51%
1984 11.4%
1983 16.6%
1982 13.3%
1981 10.7%
1980 9.55%
1979 6.58%
1978 12.5%
1977 14.7%
1976 9.93%
1975 13.6%
1974 17.2%
1973 10.4%
1972 8.09%
1971 4.01%
1970 5.86%
1969 -1.1%

Data sources: World Bank | Economy & Growth (1969–2024, retrieved 2026-04-06).

GeoRank.org/economy/cameroon | CC BY

Over the past 20 years, Cameroon has had an average annual inflation rate of 2.89%. In 2024, inflation was 4.53%. The bar chart above shows consumer price inflation by year.

Balance of trade

Cameroon Rank
Current account balance
-$2.02B
2023
144/190
Current account balance, % of GDP
-4.14%
2023
128/190
Goods imports
$7.74B
2023
118/189
Goods exports
$6.34B
2023
113/189
Service imports
$2.55B
2023
109/189
Service exports
$2.01B
2023
109/189
Imports of goods and services, % of GDP
18.7%
2024
168/181
Exports of goods and services, % of GDP
15.7%
2024
165/193

Cameroon top 10 trading partners

Cameroon's biggest trading partner accounting for 14.8% of all exports and imports is China, with a trade balance between the two of -$1.18B: Cameroon exports $382M worth of goods and services to China and imports $1.56B.

Below is the list of the top 10 trade partners of Cameroon.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $1.94B 14.8% $382M $1.56B Raw materials & minerals Machinery & equipment
2 India $1.42B 10.8% $472M $952M Raw materials & minerals Raw materials & minerals
3 Netherlands $1.3B 9.92% $1.14B $159M Raw materials & minerals Raw materials & minerals
4 France $1.24B 9.45% $611M $630M Raw materials & minerals Raw agricultural goods
5 Belgium $528M 4.02% $164M $364M Wood & paper products Raw materials & minerals
6 United States $451M 3.43% $52.9M $398M Processed food, beverages & tobacco Raw materials & minerals
7 Germany $383M 2.92% $131M $253M Processed food, beverages & tobacco Machinery & equipment
8 Italy $378M 2.88% $219M $160M Raw materials & minerals Machinery & equipment
9 Indonesia $342M 2.6% $192M $150M Raw materials & minerals Metals
10 Spain $335M 2.55% $164M $171M Raw materials & minerals Raw materials & minerals

Top 10 exports

Cameroon Rank
Raw materials & minerals $2.73B 87/193
Transport & tourism services $1.03B 116/188
Processed food, beverages & tobacco $990M 79/192
Wood & paper products $477M 63/192
Textiles & consumer goods $266M 101/193
Business & finance services $249M 101/188
Metals $165M 111/192
Raw agricultural goods $128M 116/193
Chemicals & pharma $119M 112/193
IT & IP services $59.6M 120/183

Top 10 imports

Cameroon Rank
Raw materials & minerals $2.52B 107/193
Transport & tourism services $1.81B 105/188
Machinery & equipment $1.76B 126/193
Chemicals & pharma $879M 114/193
Raw agricultural goods $781M 95/193
Processed food, beverages & tobacco $696M 120/193
Metals $561M 116/193
Business & finance services $532M 111/188
Textiles & consumer goods $437M 126/193
Animal & marine products $382M 94/193

Economic freedom indices

Cameroon Rank
Economic freedom 52 151/197
Property rights 28.1 146/182
Government integrity 21 156/182
Judicial effectiveness 10.1 165/182
Tax burden 72.2 134/182
Government spending 91.4 17/180
Fiscal health 94.5 34/181
Business freedom 48.6 144/182
Labor freedom 45.6 157/182
Monetary freedom 75.3 75/180
Trade freedom 57.2 162/181
Investment freedom 30 146/181
Financial freedom 50 75/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 52 10.1 72.2 91.4 94.5
2025 52.1 10.3 72.9 91.2 92.3
2024 53.6 10.4 72.5 91.4 86.4
2023 51.9 21.1 72.3 91.1 82.1
2022 52.9 10.9 74.7 90.1 78.7
2021 53.4 27.2 74.8 89 79.9
2020 53.6 30.8 74.8 88.3 63.7
2019 52.4 31.3 74.4 87.5 58.4
2018 51.9 29.4 73.7 86.1 72
2017 51.8 29.6 75.4 84.4 60.9
2016 54.2 - 75.6 85.6 -
2015 51.9 - 71.7 87.8 -
2014 52.6 - 71.7 86 -
2013 52.3 - 69.3 87.1 -
2012 51.8 - 69.3 90.8 -
2011 51.8 - 66.9 89.7 -
2010 52.3 - 71.8 92.7 -
2009 53 - 69.6 93.6 -
2008 54.3 - 71.8 93.6 -
2007 55.6 - 69.5 92.4 -
2006 54.6 - 69.4 93 -
2005 53 - 69 92.2 -
2004 52.3 - 50.4 89.4 -
2003 52.7 - 50.2 90.9 -
2002 52.8 - 50.4 89.2 -
2001 53.3 - 50.4 89.2 -
2000 49.9 - 50.6 94.1 -
1999 50.3 - 50.9 92.2 -
1998 48 - 50.9 92.2 -
1997 44.6 - 51 88.8 -
1996 45.7 - 51.3 88 -
1995 51.3 - 51.1 89.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/cameroon | CC BY

Cameroon is ranked 134/174 for economic freedom with a score of 52, compared to 111/162 and a score of 54.6 in 2006.

Other economic metrics

Cameroon Rank
Services, % of GDP
50.7%
2024
129/191
Industry, % of GDP
23.2%
2024
104/194
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
42/193
GNI, Atlas method
$49.5B
2024
92/194
GNI per capita, PPP
$5,490
2024
153/191
Total reserves including gold
$4.88B
2023
103/177
Net foreign direct investment
-$901M
2023
116/189
Net inflows of foreign direct investment
$888M
2024
101/193
Net outflows of foreign direct investment
$63.4M
2024
96/193
Servicing debt to the IMF, % of GNI
3.2%
2024
78/121
Poverty at national poverty lines
37.7%
2021
43/176
Gross capital formation, % of GDP
18.9%
2024
135/178

Compare Cameroon vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/cameroon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.