Cameroon: GDP growth grows at softest pace since Q3 2023 in Q4
GDP reading GDP growth moderated to 3.1% year on year in the fourth quarter, from 3.7% in the third quarter and marking worst result since Q3 2023. On a seasonally-adjusted quarter-on-quarter basis, GDP rebounded, expanding 1.9% in Q4, contrasting the previous period’s 0.8% contraction
Drivers
The agricultural sector grew 3.0% annually in the final quarter, picking up from the third quarter’s 2.4% increase. Meanwhile, the industrial sector deteriorated, falling 0.2% in Q4 (Q3:+1.6% yoy). Services sector growth waned to 4.4% in Q4, following 5.0% in the previous quarter.