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Economy of Cameroon vs Finland compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $53.3B compared to $299B for Finland, ranking 91/197 and 47/197 by economy size, respectively.

Cameroon has $22.8B in government debt (42.8% of GDP), compared to $245B (82.1% of GDP) in Finland.

Cameroon vs Finland GDP by year

Cameroon
Finland
1x
Year GDP, current $
Cameroon Finland
2024 $53,296,694,320 $298,696,961,298
2023 $48,814,501,547 $295,021,982,463
2022 $44,347,206,073 $280,253,099,309
2021 $45,011,937,347 $294,223,210,496
2020 $40,773,241,177 $270,000,311,606
2019 $39,667,757,528 $267,014,821,129
2018 $39,955,552,190 $273,869,255,596
2017 $36,098,547,033 $253,846,138,440
2016 $33,814,337,044 $238,777,818,793
2015 $32,210,233,020 $233,210,733,506
2014 $36,386,544,706 $273,478,528,955
2013 $33,728,621,180 $270,268,036,626
2012 $30,155,062,329 $257,443,384,493
2011 $30,630,910,495 $275,126,915,516
2010 $27,507,501,821 $249,429,613,683
2009 $27,932,970,317 $253,480,783,439
2008 $27,715,142,033 $285,698,662,071
2007 $23,928,250,433 $256,360,251,538
2006 $20,910,512,975 $217,044,068,234
2005 $19,509,852,207 $204,859,368,791
2004 $18,826,214,136 $197,458,297,640
2003 $15,970,315,035 $171,612,867,736
2002 $12,417,251,350 $140,360,963,812
2001 $10,953,485,349 $129,519,672,869
2000 $10,566,579,295 $125,967,821,111
1999 $11,565,826,465 $135,234,241,918
1998 $11,298,144,990 $133,990,876,725
1997 $10,789,458,433 $126,862,902,302
1996 $11,093,538,846 $131,991,975,149
1995 $10,864,772,471 $134,060,457,516
1994 $8,902,446,252 $103,182,697,780
1993 $16,181,814,713 $89,112,105,756
1992 $12,071,775,335 $112,537,828,511
1991 $11,840,192,296 $127,794,441,994
1990 $12,314,482,628 $141,446,120,355
1989 $11,012,566,195 $118,991,270,611
1988 $12,236,057,362 $109,039,090,263
1987 $13,049,659,981 $91,564,993,913
1986 $11,857,056,199 $73,511,611,541
1985 $8,544,810,498 $55,856,676,899
1984 $7,311,938,026 $52,870,993,273
1983 $6,870,200,010 $50,956,447,481
1982 $6,611,255,964 $52,784,013,815
1981 $6,610,938,617 $52,440,066,134
1980 $6,674,569,047 $53,649,984,061
1979 $5,919,002,983 $44,469,218,440
1978 $4,662,852,583 $36,259,392,058
1977 $3,394,664,024 $33,502,784,418
1976 $2,898,090,002 $31,852,352,670
1975 $2,857,037,371 $29,475,251,333
1974 $2,157,415,533 $24,851,036,710
1973 $1,901,393,361 $19,474,098,335
1972 $1,498,251,890 $14,744,499,570
1971 $1,236,941,394 $12,528,522,307
1970 $1,151,216,993 $11,358,529,162
1969 $1,100,551,489 $10,177,524,839
1968 $1,046,191,218 $8,916,565,041
1967 $936,175,260 $9,468,272,357
1966 $851,112,535 $9,306,142,172
1965 $814,083,266 $8,680,393,839
1964 $776,650,177 $7,848,987,793
1963 $718,320,845 $6,958,916,548
1962 $694,247,864 $6,407,796,043
1961 $652,777,608 $5,984,433,774
1960 $614,206,068 $5,279,481,824

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

GeoRank.org/economy/cameroon/finland | CC BY

GDP per capita in Cameroon vs Finland by year

Cameroon
GDP per capita

GDP per capita, PPP
Finland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Finland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,830 $5,589 $53,150 $65,378
2023 $1,720 $5,411 $52,834 $63,415
2022 $1,605 $5,189 $50,441 $62,133
2021 $1,672 $4,794 $53,099 $56,790
2020 $1,556 $4,365 $48,829 $53,297
2019 $1,555 $4,241 $48,358 $52,276
2018 $1,611 $4,011 $49,654 $49,249
2017 $1,496 $3,767 $46,085 $47,235
2016 $1,442 $3,627 $43,451 $44,562
2015 $1,415 $3,498 $42,560 $42,258
2014 $1,649 $3,422 $50,074 $41,547
2013 $1,576 $3,239 $49,691 $41,326
2012 $1,449 $3,060 $47,552 $40,739
2011 $1,514 $2,989 $51,060 $40,846
2010 $1,399 $2,914 $46,506 $38,946
2009 $1,461 $2,879 $47,478 $37,988
2008 $1,492 $2,870 $53,769 $40,081
2007 $1,326 $2,818 $48,473 $37,843
2006 $1,191 $2,704 $41,214 $34,440
2005 $1,143 $2,598 $39,050 $32,048
2004 $1,133 $2,533 $37,768 $31,195
2003 $988 $2,368 $32,920 $29,043
2002 $790 $2,263 $26,989 $28,596
2001 $715 $2,191 $24,965 $27,798
2000 $709 $2,108 $24,336 $26,783
1999 $796 $2,039 $26,180 $24,762
1998 $799 $1,975 $26,000 $23,570
1997 $783 $1,915 $24,682 $21,787
1996 $827 $1,850 $25,757 $20,067
1995 $832 $1,790 $26,246 $19,568
1994 $701 $1,752 $20,278 $18,458
1993 $1,310 $1,731 $17,589 $17,458
1992 $1,005 $1,890 $22,320 $17,271
1991 $1,015 $1,963 $25,489 $17,563
1990 $1,087 $2,032 $28,366 $18,149
1989 $1,001 - $23,969 -
1988 $1,145 - $22,044 -
1987 $1,258 - $18,565 -
1986 $1,179 - $14,947 -
1985 $875 - $11,394 -
1984 $772 - $10,830 -
1983 $746 - $10,494 -
1982 $732 - $10,935 -
1981 $750 - $10,925 -
1980 $784 - $11,225 -
1979 $718 - $9,333 -
1978 $582 - $7,629 -
1977 $435 - $7,070 -
1976 $381 - $6,740 -
1975 $386 - $6,256 -
1974 $299.9 - $5,298 -
1973 $271.8 - $4,174 -
1972 $220.1 - $3,178 -
1971 $186.7 - $2,716 -
1970 $178.5 - $2,466 -
1969 $175.2 - $2,201 -
1968 $170.8 - $1,927 -
1967 $156.6 - $2,056 -
1966 $145.8 - $2,032 -
1965 $142.7 - $1,902 -
1964 $139.2 - $1,726 -
1963 $131.6 - $1,538 -
1962 $130 - $1,427 -
1961 $124.6 - $1,341 -
1960 $119.1 - $1,192 -

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

GeoRank.org/economy/cameroon/finland | CC BY

Cameroon's GDP per capita is $1,830, ranking 158/197, compared to $53,150 in Finland, ranking 23/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Finland ranks 27th at $65,378.

Economic indicators

Cameroon Finland
Gross domestic product
$53.3B
2024
$299B
2024
GDP rank
91/197
2024
47/197
2024
GDP growth
3.52%
2023-2024
0.42%
2023-2024
GDP per capita
$1,830
2024
$53,150
2024
GDP per capita rank
158/197
2024
23/197
2024
GDP per capita, PPP
$5,589
2024
$65,378
2024
GDP per capita PPP rank
156/197
2024
27/197
2024
Government debt
$22.8B
2024
$245B
2024
Debt-to-GDP ratio
42.8%
2024
82.1%
2024
Government debt per person
$784
2024
$43,662
2024
Government debt per person rank
152/185
2024
12/185
2024
Average annual personal income after taxes
$1,578
2026
$36,394
2026
Market capitalization of domestic companies n/a
$20.3B
2004
Number of billionaires n/a
7
2025
Income share by richest 10%
31.1%
2021
22.5%
2023
Income share by poorest 10%
2.1%
2021
3.7%
2023
Government expenditure, % of GDP
16.7%
2024
57.7%
2024
Consumer prices inflation
4.53%
2023-2024
1.57%
2023-2024
Unemployment rate
3.28%
2021
8.34%
2024
Population
30864115
5631965

Spending and national debt comparison by year

Cameroon
Spending

Debt
Finland
Spending

Debt
1x
Year % of GDP
Cameroon Finland
Government spending Government debt Government spending Government debt
2024 16.7% 42.8% 57.7% 82.1%
2023 17.1% 43.1% 55.9% 77.5%
2022 17.1% 45.6% 52.6% 74%
2021 17.1% 47.2% 55.2% 73.2%
2020 16.6% 44.9% 56.5% 75.3%
2019 18.7% 41.6% 52.6% 65.3%
2018 18% 38.3% 52.7% 65.3%
2017 19.2% 36.5% 52.8% 66.6%
2016 20.2% 32.1% 55.1% 68.6%
2015 20.1% 31.6% 55.7% 68.8%
2014 20.1% 20.7% 57.6% 64.8%
2013 19.2% 17.5% 57.1% 60.8%
2012 17.2% 14.9% 55.7% 57.9%
2011 17.8% 15.9% 53.8% 52%
2010 15.2% 14% 54% 50.1%
2009 14.7% 11.3% 54.1% 41.5%
2008 15.9% 11.2% 47.9% 32.6%
2007 13.5% 13.8% 46.7% 33.9%
2006 12.5% 18.4% 48.3% 38%
2005 12.4% 43.8% 49.2% 39.9%
2004 13.4% 51.7% 48.2% 42.6%
2003 13.2% 51.5% 48.3% 42.7%
2002 13.9% 56.6% 47.5% 40.1%
2001 14.6% 62.2% 46.2% 40.9%
2000 14.6% 75.9% 46.9% 42.4%
1999 - 68.4% 49.9% 44%
1998 - 67.8% 51.3% 46.8%
1997 - - 54.9% 52.2%
1996 - - 58.5% 55.4%
1995 - - 60% 55.2%
1994 - - 62.2% 56.2%
1993 - - 63.7% 54.2%
1992 - - 60.8% 39.3%
1991 - - 55.8% 21.9%
1990 - - 47.1% 13.9%
1989 - - 44.4% 14.3%
1988 - - 46.4% 16.5%
1987 - - 47.8% 17.6%
1986 - - 46.9% 16.4%
1985 - - 46.3% 15.8%
1984 - - 44.4% 15.2%
1983 - - 44.4% 15.4%
1982 - - 42.7% 13.9%
1981 - - 41% 11.5%
1980 - - 40.1% 10.9%
1979 - - 40.3% 11%
1978 - - 41.3% 10.7%
1977 - - 41.7% 8.22%
1976 - - 39.8% 7.09%
1975 - - 38.6% 6.76%
1974 - - 22.9% 2.97%
1973 - - 21.8% 4.42%
1972 - - 20.4% 6.46%
1971 - - 22.8% 7.94%
1970 - - 21.9% 9.19%
1969 - - 22.2% 10.8%
1968 - - 25.5% 13.9%
1967 - - 23.5% 14.2%
1966 - - 23.3% 13.7%
1965 - - 23.2% 13%
1964 - - 22.8% 12.5%
1963 - - 21.6% 12.2%
1962 - - 23.9% 10.3%
1961 - - 22.7% 9.12%
1960 - - 22.5% 9.96%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/cameroon/finland | CC BY

In 2024, Cameroon's government spending was $8.91B, accounting for 16.7% of its GDP, while Finland spent $172B, or 57.7% of GDP.

Debt-to-GDP ratio is 42.8% in Cameroon and 82.1% in Finland, ranking 125/185 and 42/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Finland
1x
Year Deficit/surplus, % of GDP
Cameroon Finland
2024 -1.48% -4.41%
2023 -0.63% -2.98%
2022 -1.11% -0.18%
2021 -3.01% -2.69%
2020 -3.19% -5.53%
2019 -3.24% -0.93%
2018 -2.41% -0.87%
2017 -4.72% -0.63%
2016 -5.88% -1.7%
2015 -4.25% -2.43%
2014 -4.09% -2.99%
2013 -3.55% -2.52%
2012 -1.4% -2.15%
2011 -2.26% -1.01%
2010 -0.93% -2.57%
2009 -0.04% -2.48%
2008 2% 4.18%
2007 3.87% 5.12%
2006 28.2% 3.93%
2005 3.03% 2.59%
2004 -0.46% 2.16%
2003 0.56% 2.34%
2002 1.51% 3.97%
2001 0.86% 4.89%
2000 1.54% 6.73%
1999 - 1.6%
1998 - 1.54%
1997 - -1.33%
1996 - -3.37%
1995 - -5.98%
1994 - -6.41%
1993 - -8.09%
1992 - -4.88%
1991 - 0.3%
1990 - 6.63%
1989 - 6.73%
1988 - 5.09%
1987 - 1.63%
1986 - 3.83%
1985 - 3.33%
1984 - 3.23%
1983 - 1.52%
1982 - 3.06%
1981 - 5.11%
1980 - 3.7%
1979 - 3.41%
1978 - 3.83%
1977 - 6.27%
1976 - 7.65%
1975 - 4.96%
1974 - -0.03%
1973 - 1.48%
1972 - -0.18%
1971 - 0.15%
1970 - 1.06%
1969 - 0.94%
1968 - -1.69%
1967 - -0.26%
1966 - -1.08%
1965 - -1.67%
1964 - -1.35%
1963 - -2.5%
1962 - -2.37%
1961 - -3.03%
1960 - -0.52%
1959 - -0.12%
1958 - -1.73%
1957 - 0.08%
1956 - -1.14%
1955 - -1%
1954 - -0.17%
1953 - 0.02%
1952 - -1.24%
1951 - 1.1%
1950 - -0.26%
1949 - -2.77%
1948 - 1.88%
1947 - -5.99%
1946 - -15.3%
1945 - -6.35%
1944 - -21.5%
1943 - -14.2%
1942 - -16.4%
1941 - -35.8%
1940 - -36.9%
1939 - -9.76%
1938 - -1.48%
1937 - -4.44%
1936 - -3.75%
1935 - -3.81%
1934 - -2.81%
1933 - -1.63%
1932 - -2.61%
1931 - -2.32%
1930 - -1.94%
1929 - -0.78%
1928 - -2.07%
1927 - -0.32%
1926 - -2.9%
1925 - -2.92%
1924 - 0.04%
1923 - -2.3%
1922 - 0.62%
1921 - -2.59%
1920 - -2.6%
1919 - -7.49%
1918 - -11.4%
1917 - -1.27%
1916 - 1.48%
1915 - -0.29%
1914 - -1.15%
1913 - -0.25%
1912 - 0.33%
1911 - -0.14%
1910 - -0.3%
1909 - -2.64%
1908 - -1.92%
1907 - 0.24%
1906 - 0.86%
1905 - -1.28%
1904 - -1.63%
1903 - -0.3%
1902 - -1.74%
1901 - -2.13%
1900 - -0.52%
1899 - -1%
1898 - -4.55%
1897 - -0.37%
1896 - -0.56%
1895 - -1.21%
1894 - -0.62%
1893 - 0%
1892 - 0.82%
1891 - 0.16%
1890 - 0.17%
1889 - 0.18%
1888 - -0.59%
1887 - -1.46%
1886 - 0%
1885 - -1.2%
1884 - -0.2%
1883 - 0%
1882 - 0.2%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/cameroon/finland | CC BY

In 2024, Cameroon's government deficit, the difference between spending and revenue, was $789M, equivalent to 1.48% of GDP. This compares to Finland's deficit of $13.2B, or 4.41% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Finland ran a deficit in 16 years. On average, Cameroon posted an annual deficit equal to 0.04% of GDP, compared to deficit of 0.008% of GDP for Finland.

Inflation comparison by year

Inflation
Cameroon

Finland
1x
Year Consumer prices inflation
Cameroon Finland
2024 4.53% 1.57%
2023 7.38% 6.25%
2022 6.25% 7.12%
2021 2.27% 2.19%
2020 2.44% 0.29%
2019 2.45% 1.02%
2018 1.07% 1.08%
2017 0.64% 0.75%
2016 0.87% 0.36%
2015 2.68% -0.21%
2014 1.85% 1.04%
2013 2.05% 1.48%
2012 2.74% 2.81%
2011 2.94% 3.42%
2010 1.28% 1.18%
2009 3.04% -0%
2008 5.34% 4.07%
2007 0.92% 2.51%
2006 5.12% 1.57%
2005 2.01% 0.62%
2004 0.23% 0.19%
2003 0.62% 0.88%
2002 2.83% 1.57%
2001 4.42% 2.58%
2000 1.23% 3.04%
1999 1.87% 1.16%
1998 3.17% 1.4%
1997 4.79% 1.19%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/cameroon/finland | CC BY

Over the past 28 years, Cameroon has recorded an average annual inflation rate of 2.75%, compared with 1.83% in Finland. In 2024, inflation was 4.53% in Cameroon and 1.57% in Finland.

Top exports between countries

Cameroon
Export category Export value
Raw materials & minerals $813K
Wood & paper products $279K
Chemicals & pharma $8K
Finland
Export category Export value
Raw materials & minerals $4.96M
Machinery & equipment $2.14M
Wood & paper products $1.47M
Textiles & consumer goods $189K
Processed food, beverages & tobacco $20K
Metals $16K
Chemicals & pharma $4K
Precious metals & jewellery $2K
Miscellaneous $1K

Balance of trade

Cameroon Finland
Current account balance
-$2.02B
2023
-$1.99B
2024
Current account balance ranking
144/190
2023
143/190
2024
Current account balance, % of GDP
-4.14%
2023
-0.67%
2024
Goods imports
$7.74B
2023
$76.6B
2024
Goods exports
$6.34B
2023
$83.1B
2024
Service imports
$2.55B
2023
$47.4B
2024
Service exports
$2.01B
2023
$42B
2024
Imports of goods and services, % of GDP
18.7%
2024
41.6%
2024
Exports of goods and services, % of GDP
15.7%
2024
41.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Cameroon Finland
Economic freedom 52 76.6
Economic freedom ranking 151/197 15/197
Property rights 28.1 99.9
Government integrity 21 95.4
Judicial effectiveness 10.1 96.4
Tax burden 72.2 68.4
Government spending 91.4 7.9
Fiscal health 94.5 76.3
Business freedom 48.6 85.3
Labor freedom 45.6 65.4
Monetary freedom 75.3 80.3
Trade freedom 57.2 79.4
Investment freedom 30 85
Financial freedom 50 80

Economic freedom comparison by year

Cameroon
Finland
1x
Year Economic freedom index
Cameroon Finland
2026 52 76.6
2025 52.1 77
2024 53.6 76.3
2023 51.9 77.1
2022 52.9 78.3
2021 53.4 76.1
2020 53.6 75.7
2019 52.4 74.9
2018 51.9 74.1
2017 51.8 74
2016 54.2 72.6
2015 51.9 73.4
2014 52.6 73.4
2013 52.3 74
2012 51.8 72.3
2011 51.8 74
2010 52.3 73.8
2009 53 74.5
2008 54.3 74.6
2007 55.6 74
2006 54.6 72.9
2005 53 71
2004 52.3 73.4
2003 52.7 73.7
2002 52.8 73.6
2001 53.3 69.7
2000 49.9 64.3
1999 50.3 63.9
1998 48 63.5
1997 44.6 65.2
1996 45.7 63.7
1995 51.3 -

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

GeoRank.org/economy/cameroon/finland | CC BY

The Economic Freedom Index for Cameroon is 52, ranking 151/197, compared to 76.6 for Finland, ranking 15/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cameroon Finland
Services, % of GDP
50.7%
2024
62.2%
2024
Industry, % of GDP
23.2%
2024
22.8%
2024
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
2.47%
2024
GNI, Atlas method
$49.5B
2024
$290B
2024
GNI per capita, PPP
$5,490
2024
$65,640
2024
Total reserves including gold
$4.88B
2023
$18B
2024
Total reserves ranking
103/177
2023
65/177
2024
Net foreign direct investment
-$901M
2023
$3.28B
2024
Net inflows of foreign direct investment
$888M
2024
$8.74B
2024
Net outflows of foreign direct investment
$63.4M
2024
$12B
2024
Servicing debt to the IMF, % of GNI
3.2%
2024
n/a
Poverty at national poverty lines
37.7%
2021
12.2%
2022
Gross capital formation, % of GDP
18.9%
2024
22.3%
2024

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/finland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.