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Economy of Cameroon vs Israel compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $51.3B compared to $540B for Israel, ranking 92/197 and 28/197 by economy size, respectively.

Cameroon has $21.9B in government debt (39.9% of GDP), compared to $367B (69.1% of GDP) in Israel.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Cameroon
GDP, current $

GDP, constant 2015 $
Israel
GDP, current $

GDP, constant 2015 $
Year GDP
Cameroon Israel
Current $ Constant $ Current $ Constant $
1960 $614,206,068 $4,827,329,402 $3,070,585,807 $18,583,908,318
1961 $652,777,608 $4,884,469,574 $3,708,586,471 $20,666,029,079
1962 $694,247,864 $5,033,033,600 $2,966,154,031 $22,764,895,217
1963 $718,320,845 $5,221,397,415 $3,535,949,089 $25,199,765,384
1964 $776,650,177 $5,406,608,720 $4,024,344,853 $27,199,917,741
1965 $814,083,266 $5,516,149,517 $4,329,084,429 $29,647,352,060
1966 $851,112,535 $5,770,717,369 $4,703,300,098 $29,623,738,826
1967 $936,175,260 $5,141,012,904 $4,762,386,783 $30,510,977,644
1968 $1,046,191,218 $5,467,278,233 $5,458,427,928 $35,466,555,951
1969 $1,100,551,489 $5,735,255,756 $6,297,852,761 $40,277,843,296
1970 $1,151,216,993 $5,912,593,777 $7,406,712,876 $43,221,080,450
1971 $1,236,941,394 $6,118,334,765 $7,052,544,000 $47,954,251,679
1972 $1,498,251,890 $6,281,929,449 $9,222,557,539 $53,779,040,921
1973 $1,901,393,361 $6,618,369,537 $11,902,574,259 $56,783,925,432
1974 $2,157,415,533 $7,328,802,680 $17,172,607,138 $60,461,344,100
1975 $2,857,037,371 $8,152,930,849 $16,141,767,373 $62,421,996,171
1976 $2,898,090,002 $7,704,916,015 $15,956,349,550 $62,623,309,265
1977 $3,394,664,024 $8,763,561,577 $18,257,113,904 $63,271,647,907
1978 $4,662,852,583 $10,691,808,462 $17,701,286,907 $66,786,442,968
1979 $5,919,002,983 $11,337,071,802 $22,609,741,060 $70,932,422,328
1980 $6,674,569,047 $11,114,265,274 $25,395,256,478 $72,117,307,131
1981 $6,610,938,617 $13,012,879,895 $26,882,009,819 $75,968,318,466
1982 $6,611,255,964 $13,990,954,313 $29,255,285,401 $77,550,358,896
1983 $6,870,200,010 $14,951,689,440 $32,675,755,462 $80,155,353,983
1984 $7,311,938,026 $16,069,264,314 $30,645,607,293 $80,903,374,864
1985 $8,544,810,498 $17,364,955,075 $28,905,736,367 $84,169,395,855
1986 $11,857,056,199 $18,540,851,327 $35,834,154,874 $87,696,215,125
1987 $13,049,659,981 $18,142,844,102 $43,049,543,635 $93,957,471,742
1988 $12,236,057,362 $16,723,414,750 $52,650,948,910 $96,691,649,504
1989 $11,012,566,195 $16,419,195,682 $52,443,479,454 $97,247,381,691
1990 $12,314,482,628 $15,416,689,238 $62,016,729,541 $104,361,221,373
1991 $11,840,192,296 $14,829,529,308 $70,998,755,007 $112,424,289,466
1992 $12,071,775,335 $14,369,813,424 $79,457,685,757 $121,147,589,382
1993 $16,181,814,713 $13,229,990,256 $79,855,877,174 $126,134,940,469
1994 $8,902,446,252 $13,478,291,934 $90,740,103,829 $135,504,048,695
1995 $10,864,772,471 $13,868,353,888 $105,497,418,059 $144,451,278,945
1996 $11,093,538,846 $14,452,915,010 $115,116,595,545 $152,886,422,507
1997 $10,789,458,433 $15,107,243,821 $119,459,826,347 $158,409,209,239
1998 $11,298,144,990 $15,821,141,893 $120,547,409,279 $164,922,938,836
1999 $11,565,826,465 $16,534,881,735 $121,417,185,062 $170,360,909,595
2000 $10,566,579,295 $17,168,567,485 $136,512,300,542 $184,981,435,200
2001 $10,953,485,349 $17,910,981,186 $135,002,039,613 $185,495,549,158
2002 $12,417,251,350 $18,712,860,619 $125,332,331,884 $185,246,850,388
2003 $15,970,315,035 $19,733,301,669 $131,408,914,824 $187,931,184,127
2004 $18,826,214,136 $21,124,275,033 $140,047,984,605 $196,666,032,830
2005 $19,509,852,207 $21,594,980,960 $147,519,922,009 $205,295,323,131
2006 $20,910,512,975 $22,417,659,743 $158,900,547,825 $216,795,201,343
2007 $23,928,250,433 $23,387,803,923 $184,681,214,673 $230,503,919,634
2008 $27,715,142,033 $24,053,813,244 $221,231,658,863 $237,930,977,208
2009 $27,932,970,317 $24,674,221,649 $213,403,181,853 $240,875,924,093
2010 $27,507,501,821 $25,389,533,435 $239,679,036,634 $254,206,817,527
2011 $30,630,910,495 $26,247,499,414 $268,094,998,225 $268,235,973,748
2012 $30,155,062,329 $27,461,703,152 $263,589,172,712 $274,800,159,647
2013 $33,728,621,180 $28,833,560,541 $298,478,070,673 $286,027,695,014
2014 $36,386,544,706 $30,482,787,768 $315,017,088,117 $296,827,610,046
2015 $32,210,233,020 $32,210,233,020 $303,469,434,072 $303,469,434,072
2016 $33,814,337,044 $33,671,222,913 $321,940,971,558 $317,003,511,449
2017 $36,098,547,033 $34,863,580,363 $358,451,839,053 $330,783,435,889
2018 $39,955,552,190 $36,242,614,249 $376,299,083,108 $344,027,669,320
2019 $39,667,757,528 $37,502,066,833 $400,645,216,359 $356,792,803,356
2020 $40,773,241,177 $37,599,547,049 $410,768,352,658 $349,579,824,803
2021 $45,011,937,347 $38,854,942,335 $489,851,549,972 $382,399,686,302
2022 $44,347,206,073 $40,306,867,605 $525,181,008,026 $406,350,386,042
2023 $49,279,410,983 $41,616,173,715 $512,184,638,999 $413,772,459,124
2024 $51,326,764,685 $43,143,796,435 $540,379,921,262 $417,380,424,316

Economic indicators

Cameroon Israel
Gross domestic product
$51.3B
2024
$540B
2024
GDP rank
92/197
2024
28/197
2024
GDP growth
4.15%
2023-2024
5.5%
2023-2024
GDP per capita
$1,762
2024
$54,177
2024
GDP per capita rank
159/197
2024
21/197
2024
GDP per capita, PPP
$5,591
2024
$55,691
2024
Government debt
$21.9B
2024
$367B
2024
Debt-to-GDP ratio
39.9%
2025
69.1%
2025
Government debt per person
$752
2024
$36,774
2024
Government debt per person rank
152/185
2024
18/185
2024
Average annual personal income after taxes
$1,492
2025
$39,091
2025
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
179,905
2024
Number of billionaires n/a
41
2025
Income share by richest 10%
31.1%
2021
26.6%
2021
Income share by poorest 10%
2.1%
2021
2%
2021
Government expenditure, % of GDP
16.3%
2025
41.9%
2025
Consumer prices inflation
4.53%
2023-2024
3.07%
2023-2024
Central bank interest rate n/a
4.5%
2024
Unemployment rate
3.28%
2021
2.9%
2024
Population
30491011
10224104

GDP per capita in Cameroon vs Israel

Cameroon's GDP per capita is $1,762, ranking 159/197, compared to $54,177 in Israel, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 155th at $5,591, while Israel ranks 36th at $55,691.

Cameroon
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
Year Current $
Cameroon Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $119.1 - $1,452 -
1961 $124.6 - $1,697 -
1962 $130 - $1,294 -
1963 $131.6 - $1,486 -
1964 $139.2 - $1,626 -
1965 $142.7 - $1,689 -
1966 $145.8 - $1,789 -
1967 $156.6 - $1,735 -
1968 $170.8 - $1,947 -
1969 $175.2 - $2,189 -
1970 $178.5 - $2,490 -
1971 $186.7 - $2,298 -
1972 $220.1 - $2,930 -
1973 $271.8 - $3,631 -
1974 $299.9 - $5,085 -
1975 $386 - $4,672 -
1976 $381 - $4,516 -
1977 $435 - $5,053 -
1978 $582 - $4,797 -
1979 $718 - $5,972 -
1980 $784 - $6,549 -
1981 $750 - $6,795 -
1982 $732 - $7,258 -
1983 $746 - $7,960 -
1984 $772 - $7,369 -
1985 $875 - $6,829 -
1986 $1,179 - $8,335 -
1987 $1,258 - $9,853 -
1988 $1,145 - $11,853 -
1989 $1,001 - $11,608 -
1990 $1,087 $2,032 $13,308 $15,697
1991 $1,015 $1,963 $14,346 $16,461
1992 $1,005 $1,890 $15,510 $17,526
1993 $1,310 $1,731 $15,179 $18,190
1994 $701 $1,752 $16,807 $19,448
1995 $832 $1,790 $19,026 $20,610
1996 $827 $1,850 $20,224 $21,653
1997 $783 $1,915 $20,469 $22,281
1998 $799 $1,975 $20,189 $22,913
1999 $796 $2,039 $19,823 $23,415
2000 $709 $2,108 $21,707 $25,783
2001 $715 $2,191 $20,966 $25,813
2002 $790 $2,263 $19,076 $26,101
2003 $988 $2,368 $19,643 $24,678
2004 $1,133 $2,533 $20,568 $26,071
2005 $1,143 $2,598 $21,287 $25,701
2006 $1,191 $2,704 $22,527 $26,366
2007 $1,326 $2,818 $25,721 $28,266
2008 $1,492 $2,870 $30,269 $28,084
2009 $1,461 $2,879 $28,508 $28,097
2010 $1,399 $2,914 $31,439 $29,456
2011 $1,514 $2,989 $34,523 $31,314
2012 $1,449 $3,060 $33,321 $32,484
2013 $1,576 $3,239 $37,034 $34,827
2014 $1,649 $3,422 $38,343 $34,816
2015 $1,415 $3,498 $36,213 $35,869
2016 $1,442 $3,627 $37,672 $38,189
2017 $1,496 $3,767 $41,138 $39,471
2018 $1,611 $4,011 $42,363 $40,190
2019 $1,555 $4,241 $44,251 $41,325
2020 $1,556 $4,365 $44,576 $40,955
2021 $1,672 $4,794 $52,271 $46,162
2022 $1,605 $5,189 $54,950 $53,564
2023 $1,737 $5,406 $52,004 $53,401
2024 $1,762 $5,591 $54,177 $55,691

Spending and national debt comparison

In 2024, Cameroon's government spending was $8.52B, accounting for 16.3% of its GDP, while Israel's spent $237B, or 41.9% of GDP.

Debt-to-GDP ratio is 39.9% in Cameroon and 69.1% in Israel, ranking 136/185 and 57/185, respectively.

Cameroon
Government spending

Government debt
Israel
Government spending

Government debt
Year % of GDP
Cameroon Israel
Government spending Government debt Government spending Government debt
1960 - - 30.4% -
1961 - - 30.3% -
1962 - - 27.7% -
1963 - - 26.9% -
1964 - - 28.2% -
1965 - - 27.8% -
1966 - - 29.6% -
1967 - - 33.9% -
1968 - - 39.4% -
1969 - - 41.1% -
1970 - - 41.6% -
1971 - - - -
1972 - - - 63.9%
1973 - - - 62.1%
1974 - - - 79.8%
1975 - - 62% 85.1%
1976 - - 66.3% 97.4%
1977 - - 69.1% 142%
1978 - - 62.2% 133.6%
1979 - - 70.1% 155.5%
1980 - - 69.4% 154.3%
1981 - - 71.8% -
1982 - - 69.7% -
1983 - - - 260.5%
1984 - - - 284%
1985 - - 65.2% 199%
1986 - - 55.7% 162.5%
1987 - - 52.8% 143.2%
1988 - - 46.5% 145.4%
1989 - - 47.5% 147.4%
1990 - - 46.8% 138.3%
1991 - - 34.4% 123.7%
1992 - - 44.1% 119.6%
1993 - - 42.2% 118.3%
1994 - - 41.7% 110.2%
1995 - - 52.8% 102.3%
1996 - - 53.2% 100.3%
1997 - - 52.6% 99.3%
1998 - 67.8% 55% 101%
1999 - 68.4% 53.6% 94.8%
2000 14.6% 75.9% 43.4% 77.1%
2001 14.6% 62.2% 46.1% 81%
2002 13.9% 56.6% 49.9% 87.1%
2003 13.2% 51.5% 45.3% 89.5%
2004 13.4% 51.7% 42.9% 88.2%
2005 12.4% 43.8% 42.3% 85.2%
2006 12.5% 18.4% 41.5% 77.5%
2007 13.5% 13.8% 40.1% 70.7%
2008 15.9% 11.2% 41.2% 70.1%
2009 14.7% 11.3% 41.3% 72.5%
2010 15.2% 14% 39.6% 68.9%
2011 17.8% 15% 39.3% 67.1%
2012 17.2% 14.9% 39.5% 66.8%
2013 19.2% 17.5% 39.6% 65.9%
2014 20.1% 20.7% 38.2% 64.7%
2015 20.1% 31.6% 37.5% 63%
2016 20.2% 32.1% 37.8% 61.6%
2017 19.2% 36.5% 38.2% 59.6%
2018 18% 38.3% 39.1% 59.9%
2019 18.7% 41.6% 38.5% 59.1%
2020 16.6% 44.9% 44.8% 71.1%
2021 17.1% 47.2% 40% 67.8%
2022 17.1% 45.6% 36.9% 60.5%
2023 17.1% 43.2% 39.4% 61.6%
2024 16.6% 42.7% 43.9% 67.9%
2025 16.3% 39.9% 41.9% 69.1%

Government deficit by year

In 2024, Cameroon's government deficit, the difference between spending and revenue, was -$307M, equivalent to -0.6% of GDP. This compares to Israel's deficit of -$44.8B, or -8.29% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Israel ran a deficit in 24 years. On average, Cameroon posted an annual deficit equal to -0.007% of GDP, compared to deficit of -3.68% of GDP for Israel.

Deficit/surplus
Cameroon

Israel
Year Deficit/surplus, % of GDP
Cameroon Israel
1950 - -10.7%
1951 - -8.13%
1952 - -7.19%
1953 - -8.32%
1954 - -7.84%
1955 - -4.3%
1956 - -9.3%
1957 - -7.17%
1958 - -8.31%
1959 - -7.23%
1960 - -6.62%
1961 - -5.86%
1962 - -4.09%
1963 - -4.41%
1964 - -3.65%
1965 - -2.72%
1966 - -4.35%
1967 - -7.68%
1968 - -11.7%
1969 - -15.3%
1970 - -16%
1971 - -16%
1972 - -16%
1973 - -16%
1974 - -16%
1975 - -19.6%
1976 - -19.4%
1977 - -20.3%
1978 - -14.7%
1979 - -16.7%
1980 - -19.6%
1981 - -23.5%
1982 - -13.8%
1983 - -11.4%
1984 - -13.7%
1985 - -14.2%
1986 - -7.51%
1987 - -7.47%
1988 - -7.57%
1989 - -9.03%
1990 - -9.67%
1991 - -7.04%
1992 - -8%
1993 - -5.62%
1994 - -5.62%
1995 - -4.28%
1996 - -5.97%
1997 - -4.84%
1998 - -7.99%
1999 - -6.26%
2000 1.54% -0.8%
2001 0.86% -4.05%
2002 1.51% -8.21%
2003 0.56% -5.02%
2004 -0.46% -3.4%
2005 3.03% -2.74%
2006 28.2% -0.95%
2007 3.87% -0.43%
2008 2% -3.49%
2009 -0.04% -6.52%
2010 -0.93% -3.71%
2011 -2.26% -3.43%
2012 -1.4% -4.45%
2013 -3.55% -4.06%
2014 -4.09% -2.28%
2015 -4.25% -1.21%
2016 -5.88% -1.78%
2017 -4.72% -1.13%
2018 -2.41% -3.55%
2019 -3.24% -3.78%
2020 -3.19% -10.7%
2021 -3.01% -3.37%
2022 -1.11% 0.32%
2023 -0.63% -5.07%
2024 -0.6% -8.29%
2025 -0.84% -5.71%

Inflation comparison by year

Over the past 29 years, Cameroon has recorded an average annual inflation rate of 2.79%, compared with 2.56% in Israel. In 2024, inflation was 4.53% in Cameroon and 3.07% in Israel.

Inflation
Cameroon

Israel
Year Inflation
Cameroon Israel Cameroon Israel
1996 3.92% 11.5%
1997 4.79% 8.95%
1998 3.17% 5.49%
1999 1.87% 5.19%
2000 1.23% 1.03%
2001 4.42% 1.12%
2002 2.83% 5.8%
2003 0.62% 0.71%
2004 0.23% -0.42%
2005 2.01% 1.34%
2006 5.12% 2.05%
2007 0.92% 0.47%
2008 5.34% 4.53%
2009 3.04% 3.37%
2010 1.28% 2.7%
2011 2.94% 3.49%
2012 2.74% 1.68%
2013 2.05% 1.59%
2014 1.85% 0.47%
2015 2.68% -0.62%
2016 0.87% -0.54%
2017 0.64% 0.25%
2018 1.07% 0.81%
2019 2.45% 0.82%
2020 2.44% -0.58%
2021 2.27% 1.48%
2022 6.25% 4.41%
2023 7.38% 4.23%
2024 4.53% 3.07%

Top exports between countries

Cameroon
Export category Export value
Raw materials & minerals $101K
Raw agricultural goods $45K
Wood & paper products $12K
Textiles & consumer goods $11K
Israel
Export category Export value
Machinery & equipment $2.24M
Chemicals & pharma $1.04M
Textiles & consumer goods $141K
Raw materials & minerals $126K
Precious metals & jewellery $91K
Metals $89K
Processed food, beverages & tobacco $73K
Raw agricultural goods $67K
Wood & paper products $31K
Animal & marine products $6K

Balance of trade

Cameroon Israel
Current account balance
-$2.02B
2023
$16.7B
2024
Current account balance ranking
143/189
2023
21/189
2024
Current account balance, % of GDP
-4.1%
2023
+3.09%
2024
Goods imports
$7.74B
2023
$96.5B
2024
Goods exports
$6.34B
2023
$70.2B
2024
Service imports
$2.55B
2023
$43.9B
2024
Service exports
$2.01B
2023
$83B
2024
Imports of goods and services, % of GDP
21.1%
2024
26%
2024
Exports of goods and services, % of GDP
14.7%
2024
28.4%
2024

Economic freedom indices

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

Cameroon Israel
Economic freedom 52.1 69.9
Economic freedom ranking 149/197 37/197
Property rights 31.3 77.2
Government integrity 20.7 63.9
Judicial effectiveness 10.3 68.1
Tax burden 72.9 60.8
Government spending 91.2 55.6
Fiscal health 92.3 81.7
Business freedom 48.8 73.4
Labor freedom 46.5 58.3
Monetary freedom 73.7 77.3
Trade freedom 57.2 82.8
Investment freedom 30 70
Financial freedom 50 70

Economic freedom by year comparison

The Economic Freedom Index for Cameroon is 52.1, ranking 149/197, compared to 69.9 for Israel, ranking 37/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Cameroon
Israel
Year Economic freedom index
Cameroon Israel
1995 51.3 61.5
1996 45.7 62
1997 44.6 62.7
1998 48 68
1999 50.3 68.3
2000 49.9 65.5
2001 53.3 66.1
2002 52.8 66.9
2003 52.7 62.7
2004 52.3 61.4
2005 53 62.6
2006 54.6 64.4
2007 55.6 64.8
2008 54.3 66.3
2009 53 67.6
2010 52.3 67.7
2011 51.8 68.5
2012 51.8 67.8
2013 52.3 66.9
2014 52.6 68.4
2015 51.9 70.5
2016 54.2 70.7
2017 51.8 69.7
2018 51.9 72.2
2019 52.4 72.8
2020 53.6 74
2021 53.4 73.8
2022 52.9 68
2023 51.9 68.9
2024 53.6 70.1
2025 52.1 69.9

More economic indicators

Cameroon Israel
Services, % of GDP
49.9%
2024
72.5%
2024
Industry, % of GDP
25.6%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
17.4%
2024
1.28%
2024
GNI, Atlas method
$49B
2024
$528B
2024
GNI per capita, PPP
$5,490
2024
$55,250
2024
Total reserves including gold
$4.88B
2023
$215B
2024
Total reserves ranking
103/177
2023
18/177
2024
Net foreign direct investment
-$901M
2023
-$6.33B
2024
Net inflows of foreign direct investment
$925M
2024
$14.8B
2024
Net outflows of foreign direct investment
$5.56M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
3.53%
2023
n/a
Poverty at national poverty lines
37.7%
2021
22%
2020
Gross capital formation, % of GDP
21.4%
2024
23.4%
2024

GDP per capita map

GDP per capita

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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.