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Economy of Cameroon vs Myanmar compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $51.3B compared to $74.1B for Myanmar, ranking 92/197 and 85/197 by economy size, respectively.

Cameroon has $21.9B in government debt (39.9% of GDP), compared to $45.4B (62.6% of GDP) in Myanmar.

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 $
Myanmar
GDP, current $

GDP, constant 2015 $
Year GDP
Cameroon Myanmar
Current $ Constant $ Current $ Constant $
1960 $614,206,068 $4,827,329,402 $545,098,448 $2,819,978,877
1961 $652,777,608 $4,884,469,574 $605,581,577 $2,833,276,800
1962 $694,247,864 $5,033,033,600 $634,528,872 $2,949,069,211
1963 $718,320,845 $5,221,397,415 $598,998,419 $3,342,749,158
1964 $776,650,177 $5,406,608,720 $411,419,906 $3,145,726,893
1965 $814,083,266 $5,516,149,517 $367,053,117 $3,482,088,444
1966 $851,112,535 $5,770,717,369 $293,103,479 $3,313,145,218
1967 $936,175,260 $5,141,012,904 $420,359,036 $3,116,832,787
1968 $1,046,191,218 $5,467,278,233 $559,956,130 $3,492,702,256
1969 $1,100,551,489 $5,735,255,756 $571,854,215 $3,607,672,972
1970 $1,151,216,993 $5,912,593,777 $563,555,631 $3,787,310,936
1971 $1,236,941,394 $6,118,334,765 $587,448,405 $3,943,725,456
1972 $1,498,251,890 $6,281,929,449 $662,213,083 $4,039,788,352
1973 $1,901,393,361 $6,618,369,537 $719,754,655 $4,000,678,162
1974 $2,157,415,533 $7,328,802,680 $1,225,589,878 $4,214,409,420
1975 $2,857,037,371 $8,152,930,849 $1,061,107,354 $4,389,421,587
1976 $2,898,090,002 $7,704,916,015 $1,204,699,849 $4,656,315,812
1977 $3,394,664,024 $8,763,561,577 $873,579,932 $4,933,473,074
1978 $4,662,852,583 $10,691,808,462 $935,408,775 $5,255,027,822
1979 $5,919,002,983 $11,337,071,802 $952,265,043 $5,528,356,401
1980 $6,674,569,047 $11,114,265,274 $1,038,225,167 $5,967,227,079
1981 $6,610,938,617 $13,012,879,895 $1,111,000,765 $6,346,489,388
1982 $6,611,255,964 $13,990,954,313 $1,481,165,468 $6,702,138,811
1983 $6,870,200,010 $14,951,689,440 $1,381,573,615 $6,996,435,938
1984 $7,311,938,026 $16,069,264,314 $1,304,063,253 $7,341,551,094
1985 $8,544,810,498 $17,364,955,075 $1,478,908,173 $7,550,858,733
1986 $11,857,056,199 $18,540,851,327 $1,582,873,750 $7,471,019,822
1987 $13,049,659,981 $18,142,844,102 $1,562,448,077 $7,171,758,277
1988 $12,236,057,362 $16,723,414,750 $1,541,088,312 $6,357,588,760
1989 $11,012,566,195 $16,419,195,682 $2,013,448,229 $6,592,520,573
1990 $12,314,482,628 $15,416,689,238 $2,115,193,513 $6,778,227,479
1991 $11,840,192,296 $14,829,529,308 $2,069,832,687 $6,734,127,185
1992 $12,071,775,335 $14,369,813,424 $2,411,552,289 $7,384,707,337
1993 $16,181,814,713 $13,229,990,256 $3,163,020,035 $7,830,700,107
1994 $8,902,446,252 $13,478,291,934 $4,432,257,174 $8,416,276,600
1995 $10,864,772,471 $13,868,353,888 $5,289,174,943 $9,001,043,827
1996 $11,093,538,846 $14,452,915,010 $6,123,556,717 $9,580,955,459
1997 $10,789,458,433 $15,107,243,821 $4,722,288,496 $10,122,431,106
1998 $11,298,144,990 $15,821,141,893 $6,459,461,639 $10,716,234,491
1999 $11,565,826,465 $16,534,881,735 $8,486,832,801 $11,889,140,285
2000 $10,566,579,295 $17,168,567,485 $8,905,066,164 $13,523,413,252
2001 $10,953,485,349 $17,910,981,186 $6,477,790,688 $15,057,508,855
2002 $12,417,251,350 $18,712,860,619 $6,777,632,512 $16,868,251,605
2003 $15,970,315,035 $19,733,301,669 $10,467,109,978 $19,203,491,833
2004 $18,826,214,136 $21,124,275,033 $10,567,354,056 $21,808,380,519
2005 $19,509,852,207 $21,594,980,960 $11,986,972,419 $24,767,548,772
2006 $20,910,512,975 $22,417,659,743 $14,502,553,710 $28,006,178,558
2007 $23,928,250,433 $23,387,803,923 $20,182,477,481 $31,364,521,323
2008 $27,715,142,033 $24,053,813,244 $31,862,554,102 $34,581,048,770
2009 $27,932,970,317 $24,674,221,649 $36,906,181,381 $38,229,352,561
2010 $27,507,501,821 $25,389,533,435 $49,540,813,342 $41,912,536,386
2011 $30,630,910,495 $26,247,499,414 $59,977,326,086 $44,256,068,473
2012 $30,155,062,329 $27,461,703,152 $59,937,796,648 $47,501,220,127
2013 $33,728,621,180 $28,833,560,541 $60,269,732,855 $51,503,673,421
2014 $36,386,544,706 $30,482,787,768 $65,531,374,200 $55,711,475,876
2015 $32,210,233,020 $32,210,233,020 $59,607,290,408 $59,607,290,408
2016 $33,814,337,044 $33,671,222,913 $63,298,361,996 $63,101,751,663
2017 $36,098,547,033 $34,863,580,363 $66,053,040,483 $66,973,743,449
2018 $39,955,552,190 $36,242,614,249 $67,860,515,990 $71,172,235,146
2019 $39,667,757,528 $37,502,066,833 $75,065,106,228 $75,854,734,834
2020 $40,773,241,177 $37,599,547,049 $79,006,113,643 $68,991,135,074
2021 $45,011,937,347 $38,854,942,335 $66,345,291,160 $60,700,903,303
2022 $44,347,206,073 $40,306,867,605 $62,253,049,892 $63,151,698,289
2023 $49,279,410,983 $41,616,173,715 $66,757,619,000 $63,756,973,610
2024 $51,326,764,685 $43,143,796,435 $74,079,772,652 $63,137,226,235

Economic indicators

Cameroon Myanmar
Gross domestic product
$51.3B
2024
$74.1B
2024
GDP rank
92/197
2024
85/197
2024
GDP growth
4.15%
2023-2024
11%
2023-2024
GDP per capita
$1,762
2024
$1,359
2024
GDP per capita rank
159/197
2024
165/197
2024
GDP per capita, PPP
$5,591
2024
$5,997
2024
Government debt
$21.9B
2024
$45.4B
2024
Debt-to-GDP ratio
39.9%
2025
62.6%
2025
Government debt per person
$752
2024
$833
2024
Government debt per person rank
152/185
2024
146/185
2024
Average annual personal income after taxes
$1,492
2025
$1,798
2025
Income share by richest 10%
31.1%
2021
25.5%
2017
Income share by poorest 10%
2.1%
2021
3.8%
2017
Government expenditure, % of GDP
16.3%
2025
21.9%
2025
Consumer prices inflation
4.53%
2023-2024
8.83%
2018-2019
Unemployment rate
3.28%
2021
1.48%
2020
Population
30491011
55119090

GDP per capita in Cameroon vs Myanmar

Cameroon's GDP per capita is $1,762, ranking 159/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 155th at $5,591, while Myanmar ranks 153rd at $5,997.

Cameroon
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
Year Current $
Cameroon Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $119.1 - $25.1 -
1961 $124.6 - $27.3 -
1962 $130 - $27.9 -
1963 $131.6 - $25.8 -
1964 $139.2 - $17.3 -
1965 $142.7 - $15.1 -
1966 $145.8 - $11.8 -
1967 $156.6 - $16.5 -
1968 $170.8 - $21.5 -
1969 $175.2 - $21.5 -
1970 $178.5 - $20.7 -
1971 $186.7 - $21.1 -
1972 $220.1 - $23.3 -
1973 $271.8 - $24.8 -
1974 $299.9 - $41.4 -
1975 $386 - $35.2 -
1976 $381 - $39.2 -
1977 $435 - $27.9 -
1978 $582 - $29.3 -
1979 $718 - $29.2 -
1980 $784 - $31.2 -
1981 $750 - $32.8 -
1982 $732 - $43 -
1983 $746 - $39.3 -
1984 $772 - $36.3 -
1985 $875 - $40.4 -
1986 $1,179 - $42.4 -
1987 $1,258 - $41.1 -
1988 $1,145 - $39.9 -
1989 $1,001 - $51.3 -
1990 $1,087 $2,032 $53.1 $441
1991 $1,015 $1,963 $51.2 $447
1992 $1,005 $1,890 $58.9 $494
1993 $1,310 $1,731 $76.2 $529
1994 $701 $1,752 $105.4 $573
1995 $832 $1,790 $124.1 $618
1996 $827 $1,850 $141.9 $661
1997 $783 $1,915 $108 $702
1998 $799 $1,975 $146 $742
1999 $796 $2,039 $189.5 $825
2000 $709 $2,108 $196.6 $949
2001 $715 $2,191 $141.5 $1,069
2002 $790 $2,263 $146.6 $1,204
2003 $988 $2,368 $224.3 $1,385
2004 $1,133 $2,533 $224.5 $1,601
2005 $1,143 $2,598 $252.7 $1,860
2006 $1,191 $2,704 $303 $2,153
2007 $1,326 $2,818 $419 $2,459
2008 $1,492 $2,870 $658 $2,748
2009 $1,461 $2,879 $758 $3,040
2010 $1,399 $2,914 $1,011 $3,348
2011 $1,514 $2,989 $1,214 $3,579
2012 $1,449 $3,060 $1,203 $3,845
2013 $1,576 $3,239 $1,199 $4,144
2014 $1,649 $3,422 $1,293 $4,376
2015 $1,415 $3,498 $1,167 $4,459
2016 $1,442 $3,627 $1,229 $4,460
2017 $1,496 $3,767 $1,273 $4,706
2018 $1,611 $4,011 $1,298 $5,581
2019 $1,555 $4,241 $1,426 $6,101
2020 $1,556 $4,365 $1,490 $5,741
2021 $1,672 $4,794 $1,243 $5,178
2022 $1,605 $5,189 $1,158 $5,732
2023 $1,737 $5,406 $1,233 $5,953
2024 $1,762 $5,591 $1,359 $5,997

Spending and national debt comparison

In 2024, Cameroon's government spending was $8.52B, accounting for 16.3% of its GDP, while Myanmar's spent $15.2B, or 21.9% of GDP.

Debt-to-GDP ratio is 39.9% in Cameroon and 62.6% in Myanmar, ranking 136/185 and 73/185, respectively.

Cameroon
Government spending

Government debt
Myanmar
Government spending

Government debt
Year % of GDP
Cameroon Myanmar
Government spending Government debt Government spending Government debt
1998 - 67.8% 25.2% 225.7%
1999 - 68.4% 22.8% 163.1%
2000 14.6% 75.9% 21.4% 178%
2001 14.6% 62.2% 19.1% 283.5%
2002 13.9% 56.6% 15.3% 206.3%
2003 13.2% 51.5% 14.3% 158%
2004 13.4% 51.7% 14.6% 137%
2005 12.4% 43.8% 14.6% 128.7%
2006 12.5% 18.4% 15.6% 111.5%
2007 13.5% 13.8% 15.7% 83.7%
2008 15.9% 11.2% 14.4% 64.7%
2009 14.7% 11.3% 14.4% 61%
2010 15.2% 14% 15.8% 58.8%
2011 17.8% 15% 15.6% 54%
2012 17.2% 14.9% 20% 51.9%
2013 19.2% 17.5% 23.9% 48.5%
2014 20.1% 20.7% 24.7% 37.3%
2015 20.1% 31.6% 23.7% 38.4%
2016 20.2% 32.1% 21.3% 35.7%
2017 19.2% 36.5% 19.7% 41.9%
2018 18% 38.3% 18.7% 38.7%
2019 18.7% 41.6% 20.5% 38.3%
2020 16.6% 44.9% 21.2% 48.7%
2021 17.1% 47.2% 20.6% 59.2%
2022 17.1% 45.6% 21.2% 55.6%
2023 17.1% 43.2% 21.2% 57.9%
2024 16.6% 42.7% 20.5% 61.3%
2025 16.3% 39.9% 21.9% 62.6%

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 Myanmar's deficit of -$3.94B, or -5.32% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Myanmar ran a deficit in 25 years. On average, Cameroon posted an annual deficit equal to -0.007% of GDP, compared to deficit of -3.9% of GDP for Myanmar.

Deficit/surplus
Cameroon

Myanmar
Year Deficit/surplus, % of GDP
Cameroon Myanmar
1998 - -4.89%
1999 - -4.46%
2000 1.54% -6.03%
2001 0.86% -6.34%
2002 1.51% -4.01%
2003 0.56% -4.24%
2004 -0.46% -4.62%
2005 3.03% -3.49%
2006 28.2% -3.42%
2007 3.87% -3.52%
2008 2% -2.73%
2009 -0.04% -3.55%
2010 -0.93% -5.4%
2011 -2.26% -4.82%
2012 -1.4% -2.7%
2013 -3.55% -1.53%
2014 -4.09% -1.06%
2015 -4.25% -4.33%
2016 -5.88% -2.53%
2017 -4.72% -3.42%
2018 -2.41% -2.77%
2019 -3.24% -4.7%
2020 -3.19% -6.56%
2021 -3.01% -2.53%
2022 -1.11% -2.78%
2023 -0.63% -5.22%
2024 -0.6% -5.32%
2025 -0.84% -5.71%

Inflation comparison by year

Over the past 24 years, Cameroon has recorded an average annual inflation rate of 2.42%, compared with 16.2% in Myanmar. In 2019, inflation was 4.53% in Cameroon and 8.83% in Myanmar.

Inflation
Cameroon

Myanmar
Year Inflation
Cameroon Myanmar Cameroon Myanmar
1996 3.92% 16.3%
1997 4.79% 29.7%
1998 3.17% 51.5%
1999 1.87% 18.4%
2000 1.23% -0.11%
2001 4.42% 21.1%
2002 2.83% 57.1%
2003 0.62% 36.6%
2004 0.23% 4.53%
2005 2.01% 9.37%
2006 5.12% 20%
2007 0.92% 35%
2008 5.34% 26.8%
2009 3.04% 1.47%
2010 1.28% 7.72%
2011 2.94% 5.02%
2012 2.74% 1.47%
2013 2.05% 5.64%
2014 1.85% 4.95%
2015 2.68% 9.45%
2016 0.87% 6.93%
2017 0.64% 4.57%
2018 1.07% 6.87%
2019 2.45% 8.83%
2020 2.44% -
2021 2.27% -
2022 6.25% -
2023 7.38% -
2024 4.53% -

Top exports between countries

Cameroon
Export category Export value
Myanmar
Export category Export value
Raw agricultural goods $38.1M
Textiles & consumer goods $269K

Balance of trade

Cameroon Myanmar
Current account balance
-$2.02B
2023
$67.7M
2019
Current account balance ranking
143/189
2023
70/189
2019
Current account balance, % of GDP
-4.1%
2023
+0.09%
2019
Goods imports
$7.74B
2023
$13.7B
2019
Goods exports
$6.34B
2023
$10.8B
2019
Service imports
$2.55B
2023
$3.66B
2019
Service exports
$2.01B
2023
$6.68B
2019
Imports of goods and services, % of GDP
21.1%
2024
n/a
Exports of goods and services, % of GDP
14.7%
2024
24.3%
2025

Economic freedom indices

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

Cameroon Myanmar
Economic freedom 52.1 43.7
Economic freedom ranking 149/197 182/197
Property rights 31.3 17.3
Government integrity 20.7 18.7
Judicial effectiveness 10.3 4.2
Tax burden 72.9 88.6
Government spending 91.2 84
Fiscal health 92.3 39.9
Business freedom 48.8 39.9
Labor freedom 46.5 53.2
Monetary freedom 73.7 59.7
Trade freedom 57.2 68.6
Investment freedom 30 30
Financial freedom 50 20

Economic freedom by year comparison

The Economic Freedom Index for Cameroon is 52.1, ranking 149/197, compared to 43.7 for Myanmar, ranking 182/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Cameroon
Myanmar
Year Economic freedom index
Cameroon Myanmar
1995 51.3 -
1996 45.7 45.1
1997 44.6 45.4
1998 48 45.7
1999 50.3 46.4
2000 49.9 47.9
2001 53.3 46.1
2002 52.8 45.5
2003 52.7 44.9
2004 52.3 43.6
2005 53 40.5
2006 54.6 40
2007 55.6 41
2008 54.3 39.5
2009 53 37.7
2010 52.3 36.7
2011 51.8 37.8
2012 51.8 38.7
2013 52.3 39.2
2014 52.6 46.5
2015 51.9 46.9
2016 54.2 48.7
2017 51.8 52.5
2018 51.9 53.9
2019 52.4 53.6
2020 53.6 54
2021 53.4 55.2
2022 52.9 49.6
2023 51.9 46.5
2024 53.6 42.2
2025 52.1 43.7

More economic indicators

Cameroon Myanmar
Services, % of GDP
49.9%
2024
41.4%
2024
Industry, % of GDP
25.6%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
17.4%
2024
20.8%
2024
GNI, Atlas method
$49B
2024
$66.3B
2024
GNI per capita, PPP
$5,490
2024
$5,920
2024
Total reserves including gold
$4.88B
2023
$9.34B
2023
Total reserves ranking
103/177
2023
81/177
2023
Net foreign direct investment
-$901M
2023
-$1.74B
2019
Net inflows of foreign direct investment
$925M
2024
$1.1B
2024
Net outflows of foreign direct investment
$5.56M
2024
$0
1989
Servicing debt to the IMF, % of GNI
3.53%
2023
1.39%
2023
Poverty at national poverty lines
37.7%
2021
24.8%
2017
Gross capital formation, % of GDP
21.4%
2024
n/a

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.