Economy
Nominal GDP
USD 53.7 billion
GDP per capita
USD 1,760
2021–2025 average
Currency
- Name
- Central African CFA franc
Франк КФА BEAC - ISO code
- XAF
- Rate against the US dollar
- USD 1 = 579.64 XAF
- Rate against the rouble
- 10 XAF = 1.4416 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- Central African CFA franc (XAF)
- Note
- fixed peg to the euro: 1 EUR = 655.957 CFA francs
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data (https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS); World Bank, WDI: NV.AGR.TOTL.ZS / NV.IND.TOTL.ZS / NV.SRV.TOTL.ZS, calculation of averages for 2021–2025 (https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS). Period: 2021–2025 average
- Agriculture 17.2%
- Industry 25.0%
- Services 50.5%
Industries and programmes
- Key industries
- Oil and gas, forestry, cocoa, coffee, cotton, bananas, and aluminum.Source: AfDB, Cameroon Economic Outlook — (oil production (https://www.afdb.org/en/countries/central-africa/cameroon/cameroon-economic-outlook); World Bank, Cameroon overview (https://www.worldbank.org/en/country/cameroon/overview)
- Government programmes
- National Development Strategy 2020–2030 (SND30)Source: SND30 (2020–2030) / Vision 2035 — Minepat; https://minepat.gov.cm
- Vision 2035Source: SND30 (2020–2030) / Vision 2035 — Minepat; https://minepat.gov.cm
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 4.32 | 100.0 |
| 2022 | 5.58 | 129.2 |
| 2023 | 4.93 | 114.1 |
| 2024 | 5.36 | 124.1 |
| 2025 | 5.10 | 118.1 |
- Imports of goods
- USD 8.04 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 7.71 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +18.1%
- Average annual rate of change in exports of goods, 2021–2025
- +4.2%
Export specialisation
Main export products
share of exports of goods, %, 2023 Source: UN Comtrade, 2023; share of total merchandise exports, HS chapters (2 digits). Period: 2023
Main export destinations
share of exports of goods, %, 2023 Source: UN Comtrade, 2023; share of total merchandise exports, HS chapters (2 digits). Period: 2023
Investment areas
Source: AfDB, Cameroon Economic Outlook (https://www.afdb.org/en/countries/central-africa/cameroon/cameroon-economic-outlook); API Cameroun (https://www.investincameroon.net)- Agro-processing (cocoa, coffee, cotton)
- Wood processing
- Hydropower
- Mining (iron ore, bauxite)
- Port logistics (Kribi)
Agreements with Russia
Investment protection
There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.
Source: UNCTAD Investment Policy Hub (IIA Navigator (https://investmentpolicy.unctad.org/international-investment-agreements)Absent
Double taxation
There is no double taxation agreement with Russia.
Source: Russian Ministry of Finance, list of double taxation agreements in force — (the country is not on the list (https://minfin.gov.ru/ru/perfomance/tax_relations/international/international_dtt)Absent
Visa requirements
Russian citizens holding ordinary passports require a visa
Source: Russian Ministry of Foreign Affairs / consular portal kdmid.ruVisa required
Peaceful nuclear energy
No information
Other agreements
Source: Africanews, 21 April 2022 (https://africanews.com/2022/04/21/cameroon-signs-russian-military-deal); Wikipedia, Cameroon–Russia relations (https://en.wikipedia.org/wiki/Cameroon%E2%80%93Russia_relations); Alwihda Info, 29 July 2023 (https://www.alwihdainfo.com/cameroun-russie-accord-d-exemption-de-visa-pour-les-passeports-diplomatiques-et-de-service-a125123/)- Agreement on Military Cooperation (signed on 12 April 2022 in Moscow by Cameroon’s Minister of Defense J. Beti Assomo).
- Agreement on the Mutual Waiver of Visa Requirements for Holders of Diplomatic and Service Passports (signed 27 July 2023, St. Petersburg; enters into force 90 days after the last notification).
Incentives
- Main regimes and incentives
- Source: API Cameroun (https://www.investincameroon.net)
Law No. 2013/004 on Incentives for Private Investment (amended in 2017): tax exemptions during implementation (up to 5 years) and partial incentives during operation (up to 10 years).
- Type of measure
- Investment agency
- API — Cameroon Investment Promotion Agency (Agence de Promotion des Investissements)
