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Economy of Cameroon vs Greece compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $53.3B compared to $256B for Greece, ranking 91/197 and 53/197 by economy size, respectively.

Cameroon has $22.8B in government debt (42.8% of GDP), compared to $397B (154.8% of GDP) in Greece.

Cameroon vs Greece GDP by year

Cameroon
Greece
1x
Year GDP, current $
Cameroon Greece
2024 $53,296,694,320 $256,238,371,778
2023 $48,814,501,547 $242,946,187,738
2022 $44,347,206,073 $217,990,189,601
2021 $45,011,937,347 $218,303,801,895
2020 $40,773,241,177 $191,362,985,555
2019 $39,667,757,528 $207,305,649,887
2018 $39,955,552,190 $213,298,873,494
2017 $36,098,547,033 $200,381,103,984
2016 $33,814,337,044 $193,097,239,006
2015 $32,210,233,020 $194,567,373,678
2014 $36,386,544,706 $233,911,581,521
2013 $33,728,621,180 $236,556,279,641
2012 $30,155,062,329 $238,841,140,018
2011 $30,630,910,495 $283,228,079,776
2010 $27,507,501,821 $296,417,644,404
2009 $27,932,970,317 $326,829,054,686
2008 $27,715,142,033 $351,121,399,546
2007 $23,928,250,433 $314,226,996,944
2006 $20,910,512,975 $269,073,415,334
2005 $19,509,852,207 $242,315,668,619
2004 $18,826,214,136 $234,979,615,898
2003 $15,970,315,035 $196,930,509,813
2002 $12,417,251,350 $150,253,800,086
2001 $10,953,485,349 $132,050,474,720
2000 $10,566,579,295 $125,760,166,225
1999 $11,565,826,465 $137,131,371,955
1998 $11,298,144,990 $139,612,812,176
1997 $10,789,458,433 $138,766,067,640
1996 $11,093,538,846 $142,502,984,145
1995 $10,864,772,471 $134,974,613,914
1994 $8,902,446,252 $114,980,063,202
1993 $16,181,814,713 $107,295,704,518
1992 $12,071,775,335 $114,608,178,405
1991 $11,840,192,296 $103,680,863,713
1990 $12,314,482,628 $96,529,587,274
1989 $11,012,566,195 $78,067,933,277
1988 $12,236,057,362 $75,200,610,137
1987 $13,049,659,981 $64,739,630,096
1986 $11,857,056,199 $55,595,445,472
1985 $8,544,810,498 $47,155,741,426
1984 $7,311,938,026 $47,352,146,312
1983 $6,870,200,010 $48,741,397,059
1982 $6,611,255,964 $53,858,346,939
1981 $6,610,938,617 $51,618,456,335
1980 $6,674,569,047 $56,039,256,595
1979 $5,919,002,983 $53,724,121,435
1978 $4,662,852,583 $43,654,480,519
1977 $3,394,664,024 $35,673,080,481
1976 $2,898,090,002 $30,719,552,239
1975 $2,857,037,371 $28,129,128,587
1974 $2,157,415,533 $24,998,715,909
1973 $1,901,393,361 $22,037,019,563
1972 $1,498,251,890 $16,650,659,091
1971 $1,236,941,394 $14,388,806,818
1970 $1,151,216,993 $12,957,113,636
1969 $1,100,551,489 $11,454,106,327
1968 $1,046,191,218 $9,950,331,206
1967 $936,175,260 $9,146,592,856
1966 $851,112,535 $8,472,021,467
1965 $814,083,266 $7,582,209,670
1964 $776,650,177 $6,576,906,345
1963 $718,320,845 $5,813,285,627
1962 $694,247,864 $5,140,542,929
1961 $652,777,608 $4,892,397,431
1960 $614,206,068 $4,274,890,307

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

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

GDP per capita in Cameroon vs Greece by year

Cameroon
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,830 $5,589 $24,626 $44,327
2023 $1,720 $5,411 $23,344 $42,711
2022 $1,605 $5,189 $20,887 $39,612
2021 $1,672 $4,794 $20,655 $33,531
2020 $1,556 $4,365 $17,887 $29,533
2019 $1,555 $4,241 $19,335 $31,927
2018 $1,611 $4,011 $19,873 $29,792
2017 $1,496 $3,767 $18,632 $28,682
2016 $1,442 $3,627 $17,919 $27,505
2015 $1,415 $3,498 $17,981 $26,608
2014 $1,649 $3,422 $21,475 $26,450
2013 $1,576 $3,239 $21,573 $25,731
2012 $1,449 $3,060 $21,624 $24,583
2011 $1,514 $2,989 $25,505 $25,693
2010 $1,399 $2,914 $26,653 $27,839
2009 $1,461 $2,879 $29,425 $29,963
2008 $1,492 $2,870 $31,696 $30,441
2007 $1,326 $2,818 $28,441 $28,896
2006 $1,191 $2,704 $24,416 $28,076
2005 $1,143 $2,598 $22,054 $25,004
2004 $1,133 $2,533 $21,449 $24,826
2003 $988 $2,368 $18,021 $23,253
2002 $790 $2,263 $13,782 $21,985
2001 $715 $2,191 $12,157 $20,304
2000 $709 $2,108 $11,638 $18,820
1999 $796 $2,039 $12,743 $17,758
1998 $799 $1,975 $13,023 $17,434
1997 $783 $1,915 $13,016 $16,630
1996 $827 $1,850 $13,433 $15,778
1995 $832 $1,790 $12,779 $15,218
1994 $701 $1,752 $10,937 $14,667
1993 $1,310 $1,731 $10,257 $14,150
1992 $1,005 $1,890 $11,021 $14,130
1991 $1,015 $1,963 $10,047 $13,824
1990 $1,087 $2,032 $9,467 $13,126
1989 $1,001 - $7,738 -
1988 $1,145 - $7,492 -
1987 $1,258 - $6,474 -
1986 $1,179 - $5,578 -
1985 $875 - $4,747 -
1984 $772 - $4,785 -
1983 $746 - $4,950 -
1982 $732 - $5,502 -
1981 $750 - $5,305 -
1980 $784 - $5,812 -
1979 $718 - $5,627 -
1978 $582 - $4,629 -
1977 $435 - $3,832 -
1976 $381 - $3,343 -
1975 $386 - $3,109 -
1974 $299.9 - $2,789 -
1973 $271.8 - $2,468 -
1972 $220.1 - $1,873 -
1971 $186.7 - $1,629 -
1970 $178.5 - $1,474 -
1969 $175.2 - $1,306 -
1968 $170.8 - $1,138 -
1967 $156.6 - $1,053 -
1966 $145.8 - $984 -
1965 $142.7 - $887 -
1964 $139.2 - $773 -
1963 $131.6 - $686 -
1962 $130 - $608 -
1961 $124.6 - $583 -
1960 $119.1 - $513 -

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

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

Cameroon's GDP per capita is $1,830, ranking 158/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Greece ranks 52nd at $44,327.

Economic indicators

Cameroon Greece
Gross domestic product
$53.3B
2024
$256B
2024
GDP rank
91/197
2024
53/197
2024
GDP growth
3.52%
2023-2024
2.09%
2023-2024
GDP per capita
$1,830
2024
$24,626
2024
GDP per capita rank
158/197
2024
49/197
2024
GDP per capita, PPP
$5,589
2024
$44,327
2024
GDP per capita PPP rank
156/197
2024
52/197
2024
Government debt
$22.8B
2024
$397B
2024
Debt-to-GDP ratio
42.8%
2024
154.8%
2024
Government debt per person
$784
2024
$38,119
2024
Government debt per person rank
152/185
2024
16/185
2024
Average annual personal income after taxes
$1,578
2026
$14,396
2026
Market capitalization of domestic companies n/a
$83.2B
2024
Number of billionaires n/a
16
2025
Income share by richest 10%
31.1%
2021
26%
2023
Income share by poorest 10%
2.1%
2021
2.7%
2023
Government expenditure, % of GDP
16.7%
2024
48%
2024
Consumer prices inflation
4.53%
2023-2024
2.74%
2023-2024
Unemployment rate
3.28%
2021
10%
2024
Population
30864115
10181414

Spending and national debt comparison by year

Cameroon
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Cameroon Greece
Government spending Government debt Government spending Government debt
2024 16.7% 42.8% 48% 154.8%
2023 17.1% 43.1% 49.5% 165.2%
2022 17.1% 45.6% 52.8% 178.4%
2021 17.1% 47.2% 56.7% 197.8%
2020 16.6% 44.9% 59.3% 209.9%
2019 18.7% 41.6% 47.6% 183.7%
2018 18% 38.3% 48.6% 189.6%
2017 19.2% 36.5% 48.5% 182.6%
2016 20.2% 32.1% 50.3% 183.7%
2015 20.1% 31.6% 51.9% 180%
2014 20.1% 20.7% 51.5% 182.8%
2013 19.2% 17.5% 53% 180.5%
2012 17.2% 14.9% 54.9% 164.3%
2011 17.8% 15.9% 55.1% 175.1%
2010 15.2% 14% 53.1% 147.8%
2009 14.7% 11.3% 54.8% 128.5%
2008 15.9% 11.2% 51.5% 110.9%
2007 13.5% 13.8% 47.8% 104.6%
2006 12.5% 18.4% 45.9% 105.3%
2005 12.4% 43.8% 46.6% 109.9%
2004 13.4% 51.7% 48.8% 105.5%
2003 13.2% 51.5% 47.9% 104.3%
2002 13.9% 56.6% 47.1% 107.9%
2001 14.6% 62.2% 47.5% 110.5%
2000 14.6% 75.9% 48.2% 108.9%
1999 - 68.4% 48% 102.8%
1998 - 67.8% 46.7% 100.8%
1997 - - 45.1% 102.6%
1996 - - 46.1% 103.7%
1995 - - 46.6% 100.4%
1994 - - 36.9% 99.7%
1993 - - 38.6% 101.7%
1992 - - 36.9% 81.1%
1991 - - 35.2% 75.7%
1990 - - 38.5% 74.2%
1989 - - 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

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/greece | CC BY

In 2024, Cameroon's government spending was $8.91B, accounting for 16.7% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 42.8% in Cameroon and 154.8% in Greece, ranking 125/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Greece
1x
Year Deficit/surplus, % of GDP
Cameroon Greece
2024 -1.48% 1.34%
2023 -0.63% -1.35%
2022 -1.11% -2.46%
2021 -3.01% -7.58%
2020 -3.19% -10.3%
2019 -3.24% -0.09%
2018 -2.41% 0.78%
2017 -4.72% 1.05%
2016 -5.88% 0.28%
2015 -4.25% -3.03%
2014 -4.09% -4.29%
2013 -3.55% -4.06%
2012 -1.4% -6.94%
2011 -2.26% -10.5%
2010 -0.93% -11.4%
2009 -0.04% -15.4%
2008 2% -10.3%
2007 3.87% -6.81%
2006 28.2% -6.04%
2005 3.03% -6.33%
2004 -0.46% -9.05%
2003 0.56% -8.05%
2002 1.51% -6.2%
2001 0.86% -5.64%
2000 1.54% -4.21%
1999 - -6.02%
1998 - -6.48%
1997 - -6.25%
1996 - -8.35%
1995 - -9.87%
1994 - -8.48%
1993 - -11.5%
1992 - -10.6%
1991 - -9.63%
1990 - -13.3%
1989 - -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/cameroon/greece | 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 Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Greece ran a deficit in 21 years. On average, Cameroon posted an annual deficit equal to 0.04% of GDP, compared to deficit of 5.47% of GDP for Greece.

Inflation comparison by year

Inflation
Cameroon

Greece
1x
Year Consumer prices inflation
Cameroon Greece
2024 4.53% 2.74%
2023 7.38% 3.46%
2022 6.25% 9.65%
2021 2.27% 1.22%
2020 2.44% -1.25%
2019 2.45% 0.25%
2018 1.07% 0.63%
2017 0.64% 1.12%
2016 0.87% -0.83%
2015 2.68% -1.74%
2014 1.85% -1.31%
2013 2.05% -0.92%
2012 2.74% 1.5%
2011 2.94% 3.33%
2010 1.28% 4.71%
2009 3.04% 1.21%
2008 5.34% 4.15%
2007 0.92% 2.9%
2006 5.12% 3.2%
2005 2.01% 3.55%
2004 0.23% 2.9%
2003 0.62% 3.53%
2002 2.83% 3.63%
2001 4.42% 3.37%
2000 1.23% 3.15%
1999 1.87% 2.64%
1998 3.17% 4.77%
1997 4.79% 5.54%

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

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

Over the past 28 years, Cameroon has recorded an average annual inflation rate of 2.75%, compared with 2.4% in Greece. In 2024, inflation was 4.53% in Cameroon and 2.74% in Greece.

Top exports between countries

Cameroon
Export category Export value
Wood & paper products $1.76M
Metals $1.73M
Raw materials & minerals $416K
Textiles & consumer goods $391K
Raw agricultural goods $278K
Processed food, beverages & tobacco $172K
Machinery & equipment $1K
Greece
Export category Export value
Raw materials & minerals $26.6M
Metals $8.31M
Machinery & equipment $904K
Chemicals & pharma $603K
Textiles & consumer goods $148K
Processed food, beverages & tobacco $68K
Wood & paper products $24K
Miscellaneous $12K

Balance of trade

Cameroon Greece
Current account balance
-$2.02B
2023
-$18.2B
2024
Current account balance ranking
144/190
2023
182/190
2024
Current account balance, % of GDP
-4.14%
2023
-7.11%
2024
Goods imports
$7.74B
2023
$91.2B
2024
Goods exports
$6.34B
2023
$52.6B
2024
Service imports
$2.55B
2023
$31.1B
2024
Service exports
$2.01B
2023
$55.8B
2024
Imports of goods and services, % of GDP
18.7%
2024
47.7%
2024
Exports of goods and services, % of GDP
15.7%
2024
42.1%
2024

Economic freedom indices

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

Cameroon Greece
Economic freedom 52 63.2
Economic freedom ranking 151/197 82/197
Property rights 28.1 78
Government integrity 21 54.8
Judicial effectiveness 10.1 68
Tax burden 72.2 59.9
Government spending 91.4 24.7
Fiscal health 94.5 78.9
Business freedom 48.6 77.8
Labor freedom 45.6 59.7
Monetary freedom 75.3 72.6
Trade freedom 57.2 79.4
Investment freedom 30 55
Financial freedom 50 50

Economic freedom comparison by year

Cameroon
Greece
1x
Year Economic freedom index
Cameroon Greece
2026 52 63.2
2025 52.1 60.6
2024 53.6 55.1
2023 51.9 56.9
2022 52.9 61.5
2021 53.4 60.9
2020 53.6 59.9
2019 52.4 57.7
2018 51.9 57.3
2017 51.8 55
2016 54.2 53.2
2015 51.9 54
2014 52.6 55.7
2013 52.3 55.4
2012 51.8 55.4
2011 51.8 60.3
2010 52.3 62.7
2009 53 60.8
2008 54.3 60.6
2007 55.6 58.7
2006 54.6 60.1
2005 53 59
2004 52.3 59.1
2003 52.7 58.8
2002 52.8 59.1
2001 53.3 63.4
2000 49.9 61
1999 50.3 61
1998 48 60.6
1997 44.6 59.6
1996 45.7 60.5
1995 51.3 61.2

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

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

The Economic Freedom Index for Cameroon is 52, ranking 151/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cameroon Greece
Services, % of GDP
50.7%
2024
68%
2024
Industry, % of GDP
23.2%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
3.77%
2024
GNI, Atlas method
$49.5B
2024
$236B
2024
GNI per capita, PPP
$5,490
2024
$43,340
2024
Total reserves including gold
$4.88B
2023
$15.2B
2024
Total reserves ranking
103/177
2023
67/177
2024
Net foreign direct investment
-$901M
2023
-$4.52B
2024
Net inflows of foreign direct investment
$888M
2024
$6.74B
2024
Net outflows of foreign direct investment
$63.4M
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
3.2%
2024
n/a
Poverty at national poverty lines
37.7%
2021
18.8%
2021
Gross capital formation, % of GDP
18.9%
2024
18.3%
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/greece | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, 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.