Cameroon's GDP changed from approximately $8B 850M in 1980 to $53B 205M in 2024, showing an overall 501.2% sharply increased during the period.
The lowest GDP was recorded in 1980 at $8B 850M, and the highest in 2024 at $53B 205M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.2%.
For comparison, the average annual growth rate of Nigeria was 4.2%, and that of Gabon was 3.5%.
Overview of Cameroon's GDP (1980–2024)
The Gross Domestic Product (GDP) of Cameroon recorded a 501.2% sharply increased from 1980 to 2024.
The average GDP during this period was $22B 431M, and the median was $16B 325M.
GDP fluctuated within a range of $44B 355M, with a standard deviation of $12B 745M.
The average annual change was $875M 786K.
Cameroon GDP from 1980 to 2024
The total market value of goods and services produced annually in Cameroon.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1980, $8B 850M
- Highest GDP: 2024, $53B 205M
- Most Recent GDP: 2024, $53B 205M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 1994: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Cameroon's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $39B 673M → $40B 863M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $23B 931M → $27B 903M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $10B 245M → $10B 950M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $11B 352M → $11B 338M
- Outcome: remained stable
Key Economic Indicators of Cameroon (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 8B 850M | $ 1,004.85 | $ 1,262.86 | $ 11B 123M | 9.9 % | -5.033 % | 15.56 % | 0 % | 8M 808K people |
1981 | $ 10B 26M | $ 1,106.19 | $ 1,572.32 | $ 14B 251M | 17.051 % | -4.804 % | 17.59 % | 0 % | 9M 64K people |
1982 | $ 9B 616M | $ 1,031.86 | $ 1,746.59 | $ 16B 276M | 7.563 % | -4.012 % | 15.51 % | 0 % | 9M 319K people |
1983 | $ 9B 692M | $ 1,012.33 | $ 1,887.54 | $ 18B 71M | 6.844 % | -4.25 % | 18.99 % | 0 % | 9M 574K people |
1984 | $ 10B 243M | $ 1,041.93 | $ 2,046.74 | $ 20B 121M | 7.468 % | -1.649 % | 20.99 % | 0 % | 9M 831K people |
1985 | $ 10B 698M | $ 1,059.93 | $ 2,223.35 | $ 22B 441M | 8.107 % | -5.249 % | 14.91 % | 0 % | 10M 93K people |
1986 | $ 13B 945M | $ 1,344.53 | $ 2,357.14 | $ 24B 447M | 6.791 % | -3.24 % | 15.51 % | 0 % | 10M 372K people |
1987 | $ 16B 152M | $ 1,514.22 | $ 2,298.06 | $ 24B 514M | -2.153 % | -5.527 % | 12.19 % | 0 % | 10M 667K people |
1988 | $ 16B 402M | $ 1,493.90 | $ 2,129.55 | $ 23B 382M | -7.865 % | -2.6 % | 12.19 % | 0 % | 10M 980K people |
1989 | $ 14B 626M | $ 1,292.83 | $ 2,109.89 | $ 23B 869M | -1.77 % | -1.982 % | 11.80 % | 0 % | 11M 313K people |
1990 | $ 14B 641M | $ 1,255.12 | $ 1,991.97 | $ 23B 237M | -6.161 % | -3.765 % | 12.34 % | 0 % | 11M 665K people |
1991 | $ 16B 325M | $ 1,357.68 | $ 1,922.61 | $ 23B 118M | -3.764 % | -2.056 % | 12.36 % | 0 % | 12M 25K people |
1992 | $ 14B 963M | $ 1,207.54 | $ 1,850.06 | $ 22B 924M | -3.05 % | -2.445 % | 11.32 % | 0 % | 12M 391K people |
1993 | $ 15B 611M | $ 1,222.98 | $ 1,780.43 | $ 22B 726M | -3.158 % | -3.281 % | 12.38 % | 0 % | 12M 764K people |
1994 | $ 10B 622M | $ 808.04 | $ 1,721.74 | $ 22B 632M | -2.495 % | -0.528 % | 16.47 % | 0 % | 13M 145K people |
1995 | $ 10B 75M | $ 745.55 | $ 1,766.46 | $ 23B 870M | 3.304 % | 0.892 % | 18.23 % | 0 % | 13M 513K people |
1996 | $ 11B 227M | $ 808.21 | $ 1,835.76 | $ 25B 501M | 4.912 % | -2.553 % | 16.67 % | 0 % | 13M 892K people |
1997 | $ 11B 352M | $ 794.94 | $ 1,913.09 | $ 27B 320M | 5.314 % | -5.129 % | 15.78 % | 0 % | 14M 280K people |
1998 | $ 11B 338M | $ 772.30 | $ 1,974.02 | $ 28B 979M | 4.895 % | -1.33 % | 16.27 % | 0 % | 14M 680K people |
1999 | $ 11B 553M | $ 765.54 | $ 2,026.54 | $ 30B 583M | 4.062 % | -4.411 % | 14.79 % | 0 % | 15M 91K people |
