Cameroon Economic Outlook
March 19, 2019Resilient consumption gains appeared to underpin economic growth through last year’s second half. Third-quarter national accounts (Q3 2018: +4.6% year-on-year) revealed that household spending remained firmly in the driver’s seat despite the Boko Haram insurgency and the ongoing conflict in the country’s English-speaking regions, while government spending climbed on security-related costs in the run-up to last October’s presidential election. Fixed investment remained upbeat ahead of this year’s now-relocated Africa Cup of Nations (Afcon). Exports, on the other hand, further dragged on the economy amid slumping oil and gas output.
Cameroon Economic GrowthDomestically, improved electricity supply and low inflation should propel household spending this year; fixed investment could take a backseat. On the external front, exports should benefit from greater oil and gas output as new projects come online. International lenders will help to shore up fiscal and external buffers, although substantial political risk still clouds the medium-term outlook. FocusEconomics analysts see growth at 4.2% in 2019 and 4.4% in 2020.
Cameroon Economy Overview
5 years of Cameroon economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Exchange Rate||577.8||-1.11 %||Mar 20|
|Stock Market||0.7||0.0 %||Mar 20|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.