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Economy of Cameroon vs Ukraine compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $51.3B compared to $191B for Ukraine, ranking 92/197 and 57/197 by economy size, respectively.

Cameroon has $21.9B in government debt (39.9% of GDP), compared to $171B (110% of GDP) in Ukraine.

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 $
Ukraine
GDP, current $

GDP, constant 2015 $
Year GDP
Cameroon Ukraine
Current $ Constant $ Current $ Constant $
1960 $614,206,068 $4,827,329,402 - -
1961 $652,777,608 $4,884,469,574 - -
1962 $694,247,864 $5,033,033,600 - -
1963 $718,320,845 $5,221,397,415 - -
1964 $776,650,177 $5,406,608,720 - -
1965 $814,083,266 $5,516,149,517 - -
1966 $851,112,535 $5,770,717,369 - -
1967 $936,175,260 $5,141,012,904 - -
1968 $1,046,191,218 $5,467,278,233 - -
1969 $1,100,551,489 $5,735,255,756 - -
1970 $1,151,216,993 $5,912,593,777 - -
1971 $1,236,941,394 $6,118,334,765 - -
1972 $1,498,251,890 $6,281,929,449 - -
1973 $1,901,393,361 $6,618,369,537 - -
1974 $2,157,415,533 $7,328,802,680 - -
1975 $2,857,037,371 $8,152,930,849 - -
1976 $2,898,090,002 $7,704,916,015 - -
1977 $3,394,664,024 $8,763,561,577 - -
1978 $4,662,852,583 $10,691,808,462 - -
1979 $5,919,002,983 $11,337,071,802 - -
1980 $6,674,569,047 $11,114,265,274 - -
1981 $6,610,938,617 $13,012,879,895 - -
1982 $6,611,255,964 $13,990,954,313 - -
1983 $6,870,200,010 $14,951,689,440 - -
1984 $7,311,938,026 $16,069,264,314 - -
1985 $8,544,810,498 $17,364,955,075 - -
1986 $11,857,056,199 $18,540,851,327 - -
1987 $13,049,659,981 $18,142,844,102 $64,087,694,038 $161,845,930,096
1988 $12,236,057,362 $16,723,414,750 $74,703,517,903 $165,999,646,445
1989 $11,012,566,195 $16,419,195,682 $82,709,161,099 $172,428,984,083
1990 $12,314,482,628 $15,416,689,238 $81,393,558,423 $161,487,959,613
1991 $11,840,192,296 $14,829,529,308 $77,350,733,982 $147,438,507,127
1992 $12,071,775,335 $14,369,813,424 $73,945,908,384 $132,842,094,919
1993 $16,181,814,713 $13,229,990,256 $65,648,559,903 $113,978,517,441
1994 $8,902,446,252 $13,478,291,934 $52,549,580,265 $87,877,436,948
1995 $10,864,772,471 $13,868,353,888 $48,213,856,469 $77,156,389,640
1996 $11,093,538,846 $14,452,915,010 $44,558,831,005 $69,440,750,676
1997 $10,789,458,433 $15,107,243,821 $50,151,531,592 $67,357,528,157
1998 $11,298,144,990 $15,821,141,893 $41,882,523,345 $66,077,735,120
1999 $11,565,826,465 $16,534,881,735 $31,580,639,554 $65,945,579,650
2000 $10,566,579,295 $17,168,567,485 $32,375,083,935 $69,836,368,849
2001 $10,953,485,349 $17,910,981,186 $39,309,580,983 $75,981,969,311
2002 $12,417,251,350 $18,712,860,619 $43,956,163,612 $80,039,138,413
2003 $15,970,315,035 $19,733,301,669 $52,010,355,753 $87,656,150,954
2004 $18,826,214,136 $21,124,275,033 $67,220,154,164 $97,995,502,972
2005 $19,509,852,207 $21,594,980,960 $89,238,865,119 $101,005,170,643
2006 $20,910,512,975 $22,417,659,743 $111,884,752,475 $108,652,697,105
2007 $23,928,250,433 $23,387,803,923 $148,733,861,386 $117,579,433,691
2008 $27,715,142,033 $24,053,813,244 $188,110,390,660 $120,217,318,405
2009 $27,932,970,317 $24,674,221,649 $121,552,153,444 $102,020,662,582
2010 $27,507,501,821 $25,389,533,435 $141,209,170,427 $106,195,352,550
2011 $30,630,910,495 $26,247,499,414 $169,333,835,202 $111,977,987,704
2012 $30,155,062,329 $27,461,703,152 $182,591,753,828 $112,148,546,939
2013 $33,728,621,180 $28,833,560,541 $190,498,811,460 $112,199,506,223
2014 $36,386,544,706 $30,482,787,768 $133,503,871,862 $100,891,035,819
2015 $32,210,233,020 $32,210,233,020 $91,030,967,789 $91,030,967,789
2016 $33,814,337,044 $33,671,222,913 $93,355,869,404 $93,253,017,277
2017 $36,098,547,033 $34,863,580,363 $112,090,505,082 $95,453,762,636
2018 $39,955,552,190 $36,242,614,249 $130,891,088,294 $98,783,535,744
2019 $39,667,757,528 $37,502,066,833 $153,883,047,510 $101,944,118,787
2020 $40,773,241,177 $37,599,547,049 $156,617,722,013 $98,118,341,608
2021 $45,011,937,347 $38,854,942,335 $199,765,859,571 $101,499,127,458
2022 $44,347,206,073 $40,306,867,605 $161,989,520,721 $72,309,415,410
2023 $49,279,410,983 $41,616,173,715 $181,221,517,869 $76,311,548,882
2024 $51,326,764,685 $43,143,796,435 $190,741,263,732 $78,535,131,746

Economic indicators

Cameroon Ukraine
Gross domestic product
$51.3B
2024
$191B
2024
GDP rank
92/197
2024
57/197
2024
GDP growth
4.15%
2023-2024
5.25%
2023-2024
GDP per capita
$1,762
2024
$5,038
2024
GDP per capita rank
159/197
2024
118/197
2024
GDP per capita, PPP
$5,591
2024
$18,550
2024
Government debt
$21.9B
2024
$171B
2024
Debt-to-GDP ratio
39.9%
2025
110%
2025
Government debt per person
$752
2024
$4,526
2024
Government debt per person rank
152/185
2024
85/185
2024
Average annual personal income after taxes
$1,492
2025
$5,178
2025
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
31.1%
2021
21.7%
2020
Income share by poorest 10%
2.1%
2021
4.3%
2020
Government expenditure, % of GDP
16.3%
2025
58%
2025
Consumer prices inflation
4.53%
2023-2024
12.6%
2024-2025
Central bank interest rate n/a
15.5%
2025
Unemployment rate
3.28%
2021
9.83%
2021
Population
30491011
39426577

GDP per capita in Cameroon vs Ukraine

Cameroon's GDP per capita is $1,762, ranking 159/197, compared to $5,038 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 155th at $5,591, while Ukraine ranks 99th at $18,550.

Cameroon
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
Year Current $
Cameroon Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $119.1 - - -
1961 $124.6 - - -
1962 $130 - - -
1963 $131.6 - - -
1964 $139.2 - - -
1965 $142.7 - - -
1966 $145.8 - - -
1967 $156.6 - - -
1968 $170.8 - - -
1969 $175.2 - - -
1970 $178.5 - - -
1971 $186.7 - - -
1972 $220.1 - - -
1973 $271.8 - - -
1974 $299.9 - - -
1975 $386 - - -
1976 $381 - - -
1977 $435 - - -
1978 $582 - - -
1979 $718 - - -
1980 $784 - - -
1981 $750 - - -
1982 $732 - - -
1983 $746 - - -
1984 $772 - - -
1985 $875 - - -
1986 $1,179 - - -
1987 $1,258 - $1,244 -
1988 $1,145 - $1,444 -
1989 $1,001 - $1,593 -
1990 $1,087 $2,032 $1,564 $7,591
1991 $1,015 $1,963 $1,483 $7,148
1992 $1,005 $1,890 $1,413 $6,568
1993 $1,310 $1,731 $1,254 $5,766
1994 $701 $1,752 $1,009 $4,565
1995 $832 $1,790 $933 $4,124
1996 $827 $1,850 $870 $3,812
1997 $783 $1,915 $987 $3,794
1998 $799 $1,975 $831 $3,794
1999 $796 $2,039 $632 $3,871
2000 $709 $2,108 $653 $4,228
2001 $715 $2,191 $800 $4,747
2002 $790 $2,263 $903 $5,123
2003 $988 $2,368 $1,076 $5,764
2004 $1,133 $2,533 $1,401 $6,663
2005 $1,143 $2,598 $1,875 $7,142
2006 $1,191 $2,704 $2,366 $7,971
2007 $1,326 $2,818 $3,160 $8,900
2008 $1,492 $2,870 $4,018 $9,324
2009 $1,461 $2,879 $2,607 $7,995
2010 $1,399 $2,914 $3,040 $8,453
2011 $1,514 $2,989 $3,657 $9,127
2012 $1,449 $3,060 $3,951 $9,552
2013 $1,576 $3,239 $4,130 $10,904
2014 $1,649 $3,422 $2,904 $10,494
2015 $1,415 $3,498 $1,988 $9,922
2016 $1,442 $3,627 $2,047 $10,865
2017 $1,496 $3,767 $2,467 $11,536
2018 $1,611 $4,011 $2,895 $12,555
2019 $1,555 $4,241 $3,423 $14,217
2020 $1,556 $4,365 $3,505 $15,541
2021 $1,672 $4,794 $4,510 $17,846
2022 $1,605 $5,189 $3,946 $14,770
2023 $1,737 $5,406 $4,803 $17,665
2024 $1,762 $5,591 $5,038 $18,550

Spending and national debt comparison

In 2024, Cameroon's government spending was $8.52B, accounting for 16.3% of its GDP, while Ukraine's spent $136B, or 58% of GDP.

Debt-to-GDP ratio is 39.9% in Cameroon and 110% in Ukraine, ranking 136/185 and 15/185, respectively.

Cameroon
Government spending

Government debt
Ukraine
Government spending

Government debt
Year % of GDP
Cameroon Ukraine
Government spending Government debt Government spending Government debt
1995 - - 41.3% 30.2%
1996 - - 36.9% 24.4%
1997 - - 40.8% 28.9%
1998 - 67.8% 37.1% 46.5%
1999 - 68.4% 25.8% 59%
2000 14.6% 75.9% 35.5% 43.8%
2001 14.6% 62.2% 36.7% 36.7%
2002 13.9% 56.6% 37.9% 33.6%
2003 13.2% 51.5% 38.9% 29.4%
2004 13.4% 51.7% 41.6% 24.8%
2005 12.4% 43.8% 44.2% 17.7%
2006 12.5% 18.4% 44.6% 14.8%
2007 13.5% 13.8% 43.7% 12.3%
2008 15.9% 11.2% 47.1% 20.4%
2009 14.7% 11.3% 48.6% 35.4%
2010 15.2% 14% 49.2% 40.6%
2011 17.8% 15% 45.7% 36.9%
2012 17.2% 14.9% 49% 37.5%
2013 19.2% 17.5% 48.1% 40.5%
2014 20.1% 20.7% 44.8% 70.3%
2015 20.1% 31.6% 43% 79.3%
2016 20.2% 32.1% 40.8% 79.5%
2017 19.2% 36.5% 41.7% 71.6%
2018 18% 38.3% 41.9% 60.4%
2019 18.7% 41.6% 41.5% 50.5%
2020 16.6% 44.9% 45.6% 60.5%
2021 17.1% 47.2% 40.5% 48.9%
2022 17.1% 45.6% 65.4% 77.7%
2023 17.1% 43.2% 74.4% 82.3%
2024 16.6% 42.7% 71.4% 89.8%
2025 16.3% 39.9% 58% 110%

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 Ukraine's deficit of -$32.9B, or -17.2% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Ukraine ran a deficit in 25 years. On average, Cameroon posted an annual deficit equal to -0.007% of GDP, compared to deficit of -4.92% of GDP for Ukraine.

Deficit/surplus
Cameroon

Ukraine
Year Deficit/surplus, % of GDP
Cameroon Ukraine
1995 - -4.72%
1996 - -3.09%
1997 - -5.37%
1998 - -2.69%
1999 - 4.95%
2000 1.54% -3.19%
2001 0.86% -3.03%
2002 1.51% -1.84%
2003 0.56% -0.89%
2004 -0.46% -4.41%
2005 3.03% -2.28%
2006 28.2% -1.36%
2007 3.87% -1.97%
2008 2% -3.14%
2009 -0.04% -6.27%
2010 -0.93% -5.77%
2011 -2.26% -2.76%
2012 -1.4% -4.31%
2013 -3.55% -4.78%
2014 -4.09% -4.46%
2015 -4.25% -1.16%
2016 -5.88% -2.46%
2017 -4.72% -2.36%
2018 -2.41% -2.12%
2019 -3.24% -2.08%
2020 -3.19% -5.92%
2021 -3.01% -3.97%
2022 -1.11% -15.6%
2023 -0.63% -19.6%
2024 -0.6% -17.2%
2025 -0.84% -18.8%

Inflation comparison by year

Over the past 29 years, Cameroon has recorded an average annual inflation rate of 2.79%, compared with 15.1% in Ukraine. In 2024, inflation was 4.53% in Cameroon and 12.6% in Ukraine.

Inflation
Cameroon

Ukraine
Year Inflation
Cameroon Ukraine Cameroon Ukraine
1996 3.92% 80.2%
1997 4.79% 15.9%
1998 3.17% 10.6%
1999 1.87% 22.7%
2000 1.23% 28.2%
2001 4.42% 12%
2002 2.83% 0.8%
2003 0.62% 5.2%
2004 0.23% 9%
2005 2.01% 13.5%
2006 5.12% 9.1%
2007 0.92% 12.8%
2008 5.34% 25.2%
2009 3.04% 15.9%
2010 1.28% 9.4%
2011 2.94% 8%
2012 2.74% 0.6%
2013 2.05% -0.3%
2014 1.85% 12.1%
2015 2.68% 48.7%
2016 0.87% 13.9%
2017 0.64% 14.4%
2018 1.07% 10.9%
2019 2.45% 7.9%
2020 2.44% 2.7%
2021 2.27% 9.4%
2022 6.25% 20.2%
2023 7.38% 12.9%
2024 4.53% 6.5%
2025 - 12.6%

Top exports between countries

Cameroon
Export category Export value
Raw materials & minerals $88K
Machinery & equipment $42K
Wood & paper products $17K
Miscellaneous $1K
Ukraine
Export category Export value
Metals $30.5M
Processed food, beverages & tobacco $22.1M
Raw agricultural goods $6.4M
Animal & marine products $129K
Textiles & consumer goods $112K
Machinery & equipment $82K
Raw materials & minerals $80K
Chemicals & pharma $42K
Wood & paper products $42K
Miscellaneous $1K

Balance of trade

Cameroon Ukraine
Current account balance
-$2.02B
2023
-$15.9B
2024
Current account balance ranking
143/189
2023
179/189
2024
Current account balance, % of GDP
-4.1%
2023
-8.35%
2024
Goods imports
$7.74B
2023
$72.7B
2024
Goods exports
$6.34B
2023
$38.9B
2024
Service imports
$2.55B
2023
$22.8B
2024
Service exports
$2.01B
2023
$17.2B
2024
Imports of goods and services, % of GDP
21.1%
2024
48.3%
2024
Exports of goods and services, % of GDP
14.7%
2024
29.4%
2024

Economic freedom indices

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

Cameroon Ukraine
Economic freedom 52.1 54.1
Economic freedom ranking 149/197 138/197
Property rights 31.3 21.5
Government integrity 20.7 35.4
Judicial effectiveness 10.3 29.9
Tax burden 72.9 89.1
Government spending 91.2 44.5
Fiscal health 92.3 73.6
Business freedom 48.8 61.1
Labor freedom 46.5 60.7
Monetary freedom 73.7 71.2
Trade freedom 57.2 73.2
Investment freedom 30 35
Financial freedom 50 30

Economic freedom by year comparison

The Economic Freedom Index for Cameroon is 52.1, ranking 149/197, compared to 54.1 for Ukraine, ranking 138/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Cameroon
Ukraine
Year Economic freedom index
Cameroon Ukraine
1995 51.3 39.9
1996 45.7 40.6
1997 44.6 43.5
1998 48 40.4
1999 50.3 43.7
2000 49.9 47.8
2001 53.3 48.5
2002 52.8 48.2
2003 52.7 51.1
2004 52.3 53.7
2005 53 55.8
2006 54.6 54.4
2007 55.6 51.5
2008 54.3 51
2009 53 48.8
2010 52.3 46.4
2011 51.8 45.8
2012 51.8 46.1
2013 52.3 46.3
2014 52.6 49.3
2015 51.9 46.9
2016 54.2 46.8
2017 51.8 48.1
2018 51.9 51.9
2019 52.4 52.3
2020 53.6 54.9
2021 53.4 56.2
2022 52.9 54.1
2023 51.9 -
2024 53.6 -
2025 52.1 -

More economic indicators

Cameroon Ukraine
Services, % of GDP
49.9%
2024
60.6%
2024
Industry, % of GDP
25.6%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
17.4%
2024
7.11%
2024
GNI, Atlas method
$49B
2024
$185B
2024
GNI per capita, PPP
$5,490
2024
$18,580
2024
Total reserves including gold
$4.88B
2023
$43.8B
2024
Total reserves ranking
103/177
2023
46/177
2024
Net foreign direct investment
-$901M
2023
-$3.71B
2024
Net inflows of foreign direct investment
$925M
2024
$4.02B
2024
Net outflows of foreign direct investment
$5.56M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
3.53%
2023
4.2%
2023
Poverty at national poverty lines
37.7%
2021
23.2%
2020
Gross capital formation, % of GDP
21.4%
2024
18.6%
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.