Cameroon:CFA franc zone offers support and relative stability

5/24/2013 - Report
ic_blogtagCameroonCountry RiskExportsGrowthImportsTrade
Over a long-term perspective, the rate of economic growth in Cameroon has been below the average for Africa. This is partly a result of the long-term decline in oil output, although expansion in the non-oil sector

enabled GDP to grow by over +4% in 2011 and 2012.

Within an overall programme of economic diversification away from oil, the construction (mainly through infrastructure projects) and agriculture and forestry sectors are being promoted.

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Cameroon:CFA franc zone offers support and relative stability - Report