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Economy of Cameroon vs Singapore compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $53.3B compared to $547B for Singapore, ranking 91/197 and 28/197 by economy size, respectively.

Cameroon has $22.8B in government debt (42.8% of GDP), compared to $950B (173.5% of GDP) in Singapore.

Cameroon vs Singapore GDP by year

Cameroon
Singapore
1x
Year GDP, current $
Cameroon Singapore
2024 $53,296,694,320 $547,386,645,892
2023 $48,814,501,547 $505,439,514,078
2022 $44,347,206,073 $509,017,841,147
2021 $45,011,937,347 $436,591,382,250
2020 $40,773,241,177 $349,165,858,545
2019 $39,667,757,528 $376,161,998,830
2018 $39,955,552,190 $377,123,710,561
2017 $36,098,547,033 $343,673,334,902
2016 $33,814,337,044 $319,646,468,521
2015 $32,210,233,020 $307,998,545,269
2014 $36,386,544,706 $314,863,580,758
2013 $33,728,621,180 $307,576,360,585
2012 $30,155,062,329 $295,092,888,077
2011 $30,630,910,495 $279,356,499,090
2010 $27,507,501,821 $239,807,980,591
2009 $27,932,970,317 $194,150,283,772
2008 $27,715,142,033 $193,617,323,539
2007 $23,928,250,433 $180,941,701,358
2006 $20,910,512,975 $148,627,286,361
2005 $19,509,852,207 $127,807,848,728
2004 $18,826,214,136 $115,033,593,101
2003 $15,970,315,035 $97,646,401,096
2002 $12,417,251,350 $92,538,372,870
2001 $10,953,485,349 $89,793,790,670
2000 $10,566,579,295 $96,076,539,926
1999 $11,565,826,465 $86,286,849,755
1998 $11,298,144,990 $85,728,207,782
1997 $10,789,458,433 $100,123,787,215
1996 $11,093,538,846 $96,293,086,513
1995 $10,864,772,471 $87,812,540,788
1994 $8,902,446,252 $73,688,724,431
1993 $16,181,814,713 $60,603,815,716
1992 $12,071,775,335 $52,131,320,033
1991 $11,840,192,296 $45,466,164,978
1990 $12,314,482,628 $36,144,336,769
1989 $11,012,566,195 $30,465,364,739
1988 $12,236,057,362 $25,371,462,488
1987 $13,049,659,981 $20,919,215,578
1986 $11,857,056,199 $18,586,746,057
1985 $8,544,810,498 $19,156,532,746
1984 $7,311,938,026 $19,749,361,098
1983 $6,870,200,010 $17,784,112,150
1982 $6,611,255,964 $16,084,252,378
1981 $6,610,938,617 $14,175,228,844
1980 $6,674,569,047 $11,896,256,783
1979 $5,919,002,983 $9,296,921,724
1978 $4,662,852,583 $7,517,176,355
1977 $3,394,664,024 $6,618,585,074
1976 $2,898,090,002 $6,327,077,974
1975 $2,857,037,371 $5,633,673,930
1974 $2,157,415,533 $5,221,534,956
1973 $1,901,393,361 $3,696,213,333
1972 $1,498,251,890 $2,721,440,981
1971 $1,236,941,394 $2,263,785,444
1970 $1,151,216,993 $1,920,574,150
1969 $1,100,551,489 $1,659,893,768
1968 $1,046,191,218 $1,425,706,091
1967 $936,175,260 $1,238,035,816
1966 $851,112,535 $1,096,425,608
1965 $814,083,266 $974,644,096
1964 $776,650,177 $894,153,311
1963 $718,320,845 $917,608,012
1962 $694,247,864 $826,239,212
1961 $652,777,608 $764,629,788
1960 $614,206,068 $704,751,700

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

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

GDP per capita in Cameroon vs Singapore by year

Cameroon
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,830 $5,589 $90,674 $150,689
2023 $1,720 $5,411 $85,412 $143,786
2022 $1,605 $5,189 $90,299 $143,095
2021 $1,672 $4,794 $80,056 $132,617
2020 $1,556 $4,365 $61,410 $101,518
2019 $1,555 $4,241 $65,952 $105,335
2018 $1,611 $4,011 $66,882 $103,963
2017 $1,496 $3,767 $61,236 $95,744
2016 $1,442 $3,627 $57,006 $89,902
2015 $1,415 $3,498 $55,646 $87,156
2014 $1,649 $3,422 $57,565 $84,555
2013 $1,576 $3,239 $56,967 $83,088
2012 $1,449 $3,060 $55,548 $82,108
2011 $1,514 $2,989 $53,891 $80,052
2010 $1,399 $2,914 $47,237 $75,401
2009 $1,461 $2,879 $38,927 $66,213
2008 $1,492 $2,870 $40,009 $67,735
2007 $1,326 $2,818 $39,433 $68,805
2006 $1,191 $2,704 $33,768 $64,061
2005 $1,143 $2,598 $29,961 $58,822
2004 $1,133 $2,533 $27,608 $54,384
2003 $988 $2,368 $23,730 $48,778
2002 $790 $2,263 $22,160 $45,083
2001 $715 $2,191 $21,700 $43,109
2000 $709 $2,108 $23,853 $43,781
1999 $796 $2,039 $21,797 $39,949
1998 $799 $1,975 $21,829 $37,560
1997 $783 $1,915 $26,376 $39,286
1996 $827 $1,850 $26,233 $36,873
1995 $832 $1,790 $24,915 $35,090
1994 $701 $1,752 $21,552 $33,058
1993 $1,310 $1,731 $18,290 $30,062
1992 $1,005 $1,890 $16,136 $27,022
1991 $1,015 $1,963 $14,502 $25,530
1990 $1,087 $2,032 $11,862 $23,815
1989 $1,001 - $10,395 -
1988 $1,145 - $8,914 -
1987 $1,258 - $7,539 -
1986 $1,179 - $6,800 -
1985 $875 - $7,002 -
1984 $772 - $7,228 -
1983 $746 - $6,633 -
1982 $732 - $6,078 -
1981 $750 - $5,597 -
1980 $784 - $4,928 -
1979 $718 - $3,901 -
1978 $582 - $3,194 -
1977 $435 - $2,846 -
1976 $381 - $2,759 -
1975 $386 - $2,490 -
1974 $299.9 - $2,342 -
1973 $271.8 - $1,685 -
1972 $220.1 - $1,264 -
1971 $186.7 - $1,071 -
1970 $178.5 - $926 -
1969 $175.2 - $813 -
1968 $170.8 - $709 -
1967 $156.6 - $626 -
1966 $145.8 - $567 -
1965 $142.7 - $517 -
1964 $139.2 - $486 -
1963 $131.6 - $511 -
1962 $130 - $472 -
1961 $124.6 - $449 -
1960 $119.1 - $428 -

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

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

Cameroon's GDP per capita is $1,830, ranking 158/197, compared to $90,674 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Singapore ranks 2nd at $150,689.

Economic indicators

Cameroon Singapore
Gross domestic product
$53.3B
2024
$547B
2024
GDP rank
91/197
2024
28/197
2024
GDP growth
3.52%
2023-2024
4.39%
2023-2024
GDP per capita
$1,830
2024
$90,674
2024
GDP per capita rank
158/197
2024
7/197
2024
GDP per capita, PPP
$5,589
2024
$150,689
2024
GDP per capita PPP rank
156/197
2024
2/197
2024
Government debt
$22.8B
2024
$950B
2024
Debt-to-GDP ratio
42.8%
2024
173.5%
2024
Government debt per person
$784
2024
$157,326
2024
Government debt per person rank
152/185
2024
1/185
2024
Average annual personal income after taxes
$1,578
2026
$52,793
2026
Market capitalization of domestic companies n/a
$638B
2024
Number of millionaires n/a
331,000
2025
Number of billionaires n/a
49
2025
Income share by richest 10%
31.1%
2021
n/a
Income share by poorest 10%
2.1%
2021
n/a
Government expenditure, % of GDP
16.7%
2024
14.6%
2024
Consumer prices inflation
4.53%
2023-2024
2.39%
2023-2024
Unemployment rate
3.28%
2021
2.74%
2024
Population
30864115
6125852

Spending and national debt comparison by year

Cameroon
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Cameroon Singapore
Government spending Government debt Government spending Government debt
2024 16.7% 42.8% 14.6% 173.5%
2023 17.1% 43.1% 14.8% 172.8%
2022 17.1% 45.6% 15% 154.3%
2021 17.1% 47.2% 15.6% 141.7%
2020 16.6% 44.9% 24.1% 148.2%
2019 18.7% 41.6% 14% 127.9%
2018 18% 38.3% 13.9% 109.4%
2017 19.2% 36.5% 13.6% 107.6%
2016 20.2% 32.1% 15.3% 106.3%
2015 20.1% 31.6% 14.4% 102.2%
2014 20.1% 20.7% 12.6% 97.7%
2013 19.2% 17.5% 10.9% 98.2%
2012 17.2% 14.9% 9.83% 106.7%
2011 17.8% 15.9% 9.66% 103.1%
2010 15.2% 14% 10.2% 98.7%
2009 14.7% 11.3% 15.9% 101.7%
2008 15.9% 11.2% 14% 97.9%
2007 13.5% 13.8% 9.01% 87.8%
2006 12.5% 18.4% 12.3% 86.5%
2005 12.4% 43.8% 12.4% 92.7%
2004 13.4% 51.7% 14.1% 95.7%
2003 13.2% 51.5% 15.6% 99.1%
2002 13.9% 56.6% 15.9% 96.3%
2001 14.6% 62.2% 18.2% 94.5%
2000 14.6% 75.9% 16.1% 82.3%
1999 - 68.4% 15.9% 85.3%
1998 - 67.8% 18.1% 84.6%
1997 - - 14.5% 70.8%
1996 - - 18.1% 71.3%
1995 - - 13.8% 69.8%
1994 - - 11.7% 70.7%
1993 - - 14.5% 71.2%
1992 - - 14.5% 79%
1991 - - 15.9% 76.4%
1990 - - 15.1% 73.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Cameroon's government spending was $8.91B, accounting for 16.7% of its GDP, while Singapore spent $79.7B, or 14.6% of GDP.

Debt-to-GDP ratio is 42.8% in Cameroon and 173.5% in Singapore, ranking 125/185 and 4/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Singapore
1x
Year Deficit/surplus, % of GDP
Cameroon Singapore
2024 -1.48% 4.44%
2023 -0.63% 3.47%
2022 -1.11% 1.21%
2021 -3.01% 1.13%
2020 -3.19% -6.73%
2019 -3.24% 3.77%
2018 -2.41% 3.68%
2017 -4.72% 5.24%
2016 -5.88% 3.25%
2015 -4.25% 2.86%
2014 -4.09% 4.6%
2013 -3.55% 5.96%
2012 -1.4% 7.34%
2011 -2.26% 7.96%
2010 -0.93% 5.68%
2009 -0.04% -0.09%
2008 2% 3.59%
2007 3.87% 7.12%
2006 28.2% 2.16%
2005 3.03% 2.56%
2004 -0.46% 2.06%
2003 0.56% 0.68%
2002 1.51% 2.23%
2001 0.86% 1.2%
2000 1.54% 4.59%
1999 - 5.2%
1998 - 2.41%
1997 - 5.66%
1996 - 1.98%
1995 - 4.8%
1994 - 7.9%
1993 - 4.36%
1992 - 2.7%
1991 - 0.68%
1990 - 1.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/cameroon/singapore | 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 Singapore's surplus of $24.3B, or 4.44% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Singapore ran a deficit in 2 years. On average, Cameroon posted an annual deficit equal to 0.04% of GDP, compared to surplus of 3.2% of GDP for Singapore.

Inflation comparison by year

Inflation
Cameroon

Singapore
1x
Year Consumer prices inflation
Cameroon Singapore
2024 4.53% 2.39%
2023 7.38% 4.83%
2022 6.25% 6.13%
2021 2.27% 2.32%
2020 2.44% -0.17%
2019 2.45% 0.57%
2018 1.07% 0.44%
2017 0.64% 0.58%
2016 0.87% -0.53%
2015 2.68% -0.52%
2014 1.85% 1.03%
2013 2.05% 2.36%
2012 2.74% 4.58%
2011 2.94% 5.25%
2010 1.28% 2.83%
2009 3.04% 0.59%
2008 5.34% 6.64%
2007 0.92% 2.11%
2006 5.12% 0.97%
2005 2.01% 0.43%
2004 0.23% 1.66%
2003 0.62% 0.51%
2002 2.83% -0.39%
2001 4.42% 1%
2000 1.23% 1.36%
1999 1.87% 0.02%
1998 3.17% -0.27%
1997 4.79% 2%

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

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

Over the past 28 years, Cameroon has recorded an average annual inflation rate of 2.75%, compared with 1.74% in Singapore. In 2024, inflation was 4.53% in Cameroon and 2.39% in Singapore.

Top exports between countries

Cameroon
Export category Export value
Raw materials & minerals $33.4M
Textiles & consumer goods $207K
Processed food, beverages & tobacco $168K
Metals $167K
Wood & paper products $72K
Machinery & equipment $18K
Singapore
Export category Export value
Miscellaneous $16.3M
Raw materials & minerals $5.17M
Machinery & equipment $3.34M
Processed food, beverages & tobacco $2M
Animal & marine products $522K
Wood & paper products $491K
Metals $459K
Chemicals & pharma $171K
Raw agricultural goods $73K
Textiles & consumer goods $64K

Balance of trade

Cameroon Singapore
Current account balance
-$2.02B
2023
$96B
2024
Current account balance ranking
144/190
2023
8/190
2024
Current account balance, % of GDP
-4.14%
2023
+17.5%
2024
Goods imports
$7.74B
2023
$435B
2024
Goods exports
$6.34B
2023
$583B
2024
Service imports
$2.55B
2023
$351B
2024
Service exports
$2.01B
2023
$396B
2024
Imports of goods and services, % of GDP
18.7%
2024
143.6%
2024
Exports of goods and services, % of GDP
15.7%
2024
178.8%
2024

Economic freedom indices

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

Cameroon Singapore
Economic freedom 52 84.4
Economic freedom ranking 151/197 1/197
Property rights 28.1 89.2
Government integrity 21 86.1
Judicial effectiveness 10.1 58.3
Tax burden 72.2 89.5
Government spending 91.4 93.4
Fiscal health 94.5 80
Business freedom 48.6 90.6
Labor freedom 45.6 77
Monetary freedom 75.3 83.5
Trade freedom 57.2 95
Investment freedom 30 90
Financial freedom 50 80

Economic freedom comparison by year

Cameroon
Singapore
1x
Year Economic freedom index
Cameroon Singapore
2026 52 84.4
2025 52.1 84.1
2024 53.6 83.5
2023 51.9 83.9
2022 52.9 84.4
2021 53.4 89.7
2020 53.6 89.4
2019 52.4 89.4
2018 51.9 88.8
2017 51.8 88.6
2016 54.2 87.8
2015 51.9 89.4
2014 52.6 89.4
2013 52.3 88
2012 51.8 87.5
2011 51.8 87.2
2010 52.3 86.1
2009 53 87.1
2008 54.3 87.3
2007 55.6 87.1
2006 54.6 88
2005 53 88.6
2004 52.3 88.9
2003 52.7 88.2
2002 52.8 87.4
2001 53.3 87.8
2000 49.9 87.7
1999 50.3 86.9
1998 48 87
1997 44.6 87.3
1996 45.7 86.5
1995 51.3 86.3

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

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

The Economic Freedom Index for Cameroon is 52, ranking 151/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cameroon Singapore
Services, % of GDP
50.7%
2024
73%
2024
Industry, % of GDP
23.2%
2024
21.4%
2024
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
0.03%
2024
GNI, Atlas method
$49.5B
2024
$451B
2024
GNI per capita, PPP
$5,490
2024
$126,190
2024
Total reserves including gold
$4.88B
2023
$384B
2024
Total reserves ranking
103/177
2023
9/177
2024
Net foreign direct investment
-$901M
2023
-$96.7B
2024
Net inflows of foreign direct investment
$888M
2024
$152B
2024
Net outflows of foreign direct investment
$63.4M
2024
$55.3B
2024
Servicing debt to the IMF, % of GNI
3.2%
2024
n/a
Poverty at national poverty lines
37.7%
2021
n/a
Gross capital formation, % of GDP
18.9%
2024
22.2%
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/singapore | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, 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.