Cameroon is a lower-middle-income country with a population of 23.3 million people. It shares its borders with Nigeria, Chad, the Central African Republic, Equatorial Guinea, and Gabon. Two of its regions are Anglophone (the northwest and southwest, which border Nigeria) while the rest of the country is Francophone. Cameroon is endowed with significant natural resources, including oil and gas,
Cameroon’s ruling party, the Cameroon People’s Democratic Movement (CPDM), has long dominated the country’s political landscape and currently occupies 148 of the 180 seats in the National Assembly, and 81 of the 100 seats in the Senate, a body that was created in 2013. Presidential elections are scheduled for 2018.
While Cameroon has enjoyed peace for many decades in spite of its highly diverse population, it now faces an increasingly challenging situation in its northern regions, where Boko Haram is waging a
As population growth outpaces poverty reduction, the number of poor increased by 12 percent to 8.1 million people between 2007 and 2014. Poverty is increasingly concentrated in Cameroon’s northern regions, with an estimated 56 percent of the poor living in the north and far north regions alone. This poverty trend was observed even before
Economic activity slowed in 2016. GDP growth is estimated to reach 5.6 percent by the end of December 2016, 0.2 points below its level in 2015. This outcome is due to the slower growth in oil production (3 percent in 2016
However, continued implementation of the government’s ambitious infrastructure plan and interventions to boost the agriculture and forestry sectors have significantly contributed to sustaining strong growth in public works and construction and services.
Inflation rose to 1.6 percent at the end of June 2016, largely based on the strong 7.4 percent increase in prices for tobacco and alcoholic drinks and the 4.9 percent growth in services, restaurants, and hotels as a result of the increased tax rate on alcohol in the 2015 budget law.
Cameroon suffers from weak governance, hindering its development and ability to attract investments. It ranks 130th out of 168 countries in the 2015 Transparency International corruption perceptions
Last Updated: May 25, 2017