cameroon (1)

8/8/2019 CAMEROON (1)

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Flag of Cameroon

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Country Overviewy Area: 475,440 km²

y Type of State: Unitary Republic based onparliamentary democracy.

y Type of Economy: Cameroon appears to be a lower-middle-income economy (in the inf erior bracket), and as a heavily Indebted country.. The Cameroonian economy is based principally on agriculture and petroleum.

y HDI*: 0.514/1

y HDI (World Rank): 150th/177y Note: (*) The HDI, Human Development Index, is an Indicator Which

Synthesizes Several Data Such as Lif e Expectancy, Level of Education,Prof essional Careers, Access to Culture etc.

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Country informationy Population: (July 2010 est.): 19,406,100

y Capital City: Yaounde (population: 1.68 million). Douala is Cameroon's largest city (population1.98 million. UN estimates).

y People and languages: French and English are the official languages. There are around about250 diff erent Af rican languages spoken inCameroon and a similar number of ethnic groups. Pi

dgin En

glish i

swi

dely sp

oken

especi

allyin th

e

North-West, South-West, West and Littoral provinces.

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Country informationy Religion(s): Christian, Muslim and indigenous

Af rican religions

y

Major political parties: Cameroon People's Democratic Movement (CPDM), Social DemocraticFront (SDF), Union des Populations du Cameroun(UPC), National Union of Democracy and Progress (UNDP), the Cameroon Democratic Union (UDC)

y Literacy Rate: 67.9%

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Country information

y Head of State: President Paul Biya

y Prime Minister: Philemon Yang

y Membership of international

groupings/organisations: Af ricanDevelopment Bank (AfDB), Af rican Union (AU),Central Af rican Economic and Monetary Community (CEMAC), Commonwealth,International Organisation of the Francophonie (OIF), Economic Community of Central Af ricanStates (CEEAC), International Monetary Fund (IMF), United Nations (UN).

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National Currency

y CFA Franc BEAC (XAF)

y 1 XAF = 0.0020 USD,

y 1 USD = 511.0494 XAF

y 1 XAF = 0.0015 EUR,

y 1 EUR = 655.9570 XAF

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ECONOMY

Basic Economic Facts

y GDP: US$25.07bn (2008 est.)

y GDP growth: 4.1% (2008 est.)

y Inflation: 5.3% (2008)

y Major Industries: Crude Oil, timber,cocoa, coff ee, aluminum, rubber

y Major trading partners: France, Italy,Nigeria, Spain, Germany, United States.

y Exchange rate: 1 Euro = CFA 655.957(fixed).

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Reserves

y Current account balance:

y -$1.18 billion (2009 est.)

y country comparison to the world: 133 -$509.9 million

(2008 est.)

y Reserves of foreign exchange and gold:

y $3.917 billion (31 December 2009 est.)

y country comparison to the world: 88 $3.091 billion(31 December 2008 est.)

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Industries in Cameroon

y petroleum production and refining,

y aluminum production,

y food processing,

y light consumer goods,

y textiles,

y lumber,

y ship repair

y Industrial production growth

y -3.5% (2009 est.)

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Top 10 Companies inCameroon

1) Ader Cameroun (Storage and distribution)

2) Compagnie Camerounaise de l'Aluminium

(Production)

3) MTN Cameroon (Operation of mobile)

4) Pallisco SARL (Forestry operations)

5) AES Sonel SA (Generation)

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Cont"d

6) Bernabé Cameroun SA (Manuf acture)

7) British American Tobacco Cameroon SA (Manuf acture)

8) Cameroon Development Corporation (plantationproduction)

9) CAMI CAMEROUN (import)

10) Chocolaterie Confiserie Camerounaise SA (Production)

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Top five Export categories

for Cameroon in 2008

y 1. Mineral f uels, oils, distillationproducts, etc. (47.2%)

y 2. Wood, articles of wood, and wood

charcoal (18.4%)

y 3. Cocoa and cocoa preparations (10.1%)

y

4. Edibile f ruit, nuts, peel of citrus f ruit,and melons (9.5%)

y 5. Aluminum and articles of aluminum (4.2%)

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Top five Import categories

for Cameroon in 2008

y 1. Mineral f uels, oils, distillationproducts, etc. (13.8%)

y 2. Boilers, machinery, nuclear reactors,

etc. ( 16.7%)

y 3. Vehicles other than railway (8.9%)

y 4. Electrical and electronic equipment

(8%)y 5. Cereals (5.8%)

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Cameroon Exports merchandise

The top three countries to which, along withpercentage of exports, are:

y 1. European Union (74.3%)

y 2. United States (6.4%)

y 3. China (3.4%)

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Cameroon Import merchandise

y The top three countries, along withpercentage of imports, are:

y 1. European Union (35%)

y 2. Nigeria (23.3%)

y 3. China (6.3%)

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ExportsExports:

y $3.587 billion (2009 est.)

y country comparison to the world: 116 $5.942 billion (2008

est.)Exports - commodities:

y crude oil and petroleum products, lumber, cocoa beans,

aluminum, coffee, cotton

Exports - partners:

y Netherlands 13.99%, Spain 12.25%, Italy 11.84%, China

9.14%, US 6.16%, France 5.51%, South Korea 4.66%,

Belgium 4.33%, UK 4% (2009)

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ImportsImports:

y $4.449 billion (2009 est.)

y country comparison to the world: 116 $5.4 billion (2008 est.)

Imports - commodities:y machinery, electrical equipment, transport equipment, fuel,

food

Imports - partners:

y France 21.03%, Nigeria 10.79%, China 10.25%, Belgium6.62%, US 4.31% (2009)

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Foreign Trade IndicatorsForeign Trade Indicators 2005 2006 2007 2008 2009

Imports of Goods (millions USD)

2,735 3,150 3,690 4,450 3,800

Exp

orts

of Goods

(millions USD)

2,861 3,573 3,604 4,300 3,100

Imports of Services (millions USD)

1,428 1,416 1,719 2,859 -

Exports of Services (millions USD)

857 900 1,239 1,384

Source: WTO - World Trade Organization

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