The Cameroon's economy

Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems confronting other underdeveloped countries, such as stagnant per capita income, a relatively inequitable distribution of income, a top-heavy civil service, endemic corruption, and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs. Subsidies for electricity, food, and fuel have strained the budget. Cameroon has several large infrastructure projects under construction, including a deep sea port in Kribi and the Lom Pangar Hydropower Project. It also recently opened a natural gas powered electricity generating plant. Cameroon must attract more investment to improve its inadequate infrastructure, but its business environment is a deterrent to foreign investment.
GDP (purchasing power parity):
$53.16 billion (2013 est.) country comparison to the world: 97 $50.85 billion (2012 est.) $48.62 billion (2011 est.) note: data are in 2013 US dollars
GDP (official exchange rate):
$27.88 billion (2013 est.)
GDP - real growth rate:
4.6% (2013 est.) country comparison to the world: 64 4.6% (2012 est.) 4.1% (2011 est.)
GDP - per capita (PPP):
$2,400 (2013 est.) country comparison to the world: 188 $2,400 (2012 est.) $2,300 (2011 est.) note: data are in 2013 US dollars
Gross national saving:
21.6% of GDP (2013 est.) country comparison to the world: 71 21% of GDP (2012 est.) 19.8% of GDP (2011 est.)
GDP - composition, by end use:
household consumption: 65.6% government consumption: 16% investment in fixed capital: 21.7% investment in inventories: 0% exports of goods and services: 31.7% imports of goods and services: -35% (2013 est.)
GDP - composition, by sector of origin:
agriculture: 20.6% industry: 27.3% services: 52.1% (2013 est.)
Agriculture - products:
coffee, cocoa, cotton, rubber, bananas, oilseed, grains, cassava (manioc, tapioca); livestock; timber
Industries:
petroleum production and refining, aluminum production, food processing, light consumer goods, textiles, lumber, ship repair
Industrial production growth rate:
4.1% (2013 est.) country comparison to the world: 70
Labor force:
8.426 million (2013 est.) country comparison to the world: 56
Labor force - by occupation:
agriculture: 70% industry: 13% services: 17% (2001 est.)
Unemployment rate:
30% (2001 est.) country comparison to the world: 181
Population below poverty line:
48% (2000 est.)
Household income or consumption by percentage share:
lowest 10%: 2.3% highest 10%: 35.4% (2001)
Distribution of family income - Gini index:
44.6 (2001) country comparison to the world: 43 47.7 (1996)
Budget:
revenues: $5.089 billion expenditures: $6.28 billion (2013 est.)
Taxes and other revenues:
18.3% of GDP (2013 est.) country comparison to the world: 173
Budget surplus (+) or deficit (-):
-4.3% of GDP (2013 est.) country comparison to the world: 154
Public debt:
16.7% of GDP (2013 est.) country comparison to the world: 140 16.1% of GDP (2012 est.)
Fiscal year:
1 July - 30 June
Inflation rate (consumer prices):
2.6% (2013 est.) country comparison to the world: 97 2.9% (2012 est.)
Central bank discount rate:
4.25% (31 December 2009 est.)
Stock of broad money:
$6.195 billion (31 December 2013 est.) country comparison to the world: 123 $5.731 billion (31 December 2012 est.)
Stock of domestic credit:
$2.898 billion (31 December 2013 est.) country comparison to the world: 126 $2.772 billion (31 December 2012 est.)
Current account balance:
-$1.461 billion (2013 est.) country comparison to the world: 132 -$956.2 million (2012 est.)
Exports:
$6.002 billion (2013 est.) country comparison to the world: 108 $6.015 billion (2012 est.)
Exports - commodities:
crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton
Exports - partners:
China 15.2%, Netherlands 9.7%, Spain 9.1%, India 8.6%, Portugal 8.1%, Italy 6%, US 5.5%, France 4% (2012)
Imports:
$6.795 billion (2013 est.) country comparison to the world: 116 $6.321 billion (2012 est.)
Imports - partners:
China 18.7%, France 14.9%, Nigeria 12.3%, Belgium 5.2%, US 4.4%, India 4.2% (2012)
Reserves of foreign exchange and gold:
$3.353 billion (31 December 2013 est.) country comparison to the world: 104 $3.431 billion (31 December 2012 est.)
Debt - external:
$3.455 billion (31 December 2013 est.) country comparison to the world: 129 $3.207 billion (31 December 2012 est.)

What is the future of plastic bags in cameroon?

 One the greatest problem faced by cameroonians this year is the issue of plastic bags. The degree on the ban of plastic bags  was not welcome by all Cameroonians and they all had their reason. I a country where job opportunities are not available many Cameroonians sell the plastic bags so as to have  a living, so if they are forced not to do what helps them to have a living and the Cameroon government is not ready to give them jobs what do they expect those sellers to become .The government answers that question by saying that the that plastic bags are used in many home so as to preserve hot food and this heat produced by the food create a chemical reaction  which will contaminate the food and may cause cancer in a long run. Their second reason is that many people throw the already used bags every where thereby creating pollution since the bags can take many years before they disintegrate.So the question i ask myself is ,why now? why did they not do so in the past when plastic bags had not had the influence on the lives of the people as they have now .Instead of banning plastic plastic bags they should put the people alarmed on the risks. Another solution may be to compensate those who come with already used plastic bags for recycling and i think that is the best solution.One thing is for sure Cameroonians will never stop using those bags

A remedy to the cameroon football team

The indomitable lions as they call them need several adjustment that need to be taken into consideration. i know that after the disgrace brought by the team home many said that team has to be completely (recycled) but that is not the problem, others will say the manager of the team is not fit but let me tell you that with the mentality of the even morhinoh will be unable to bring them far. the team need a whole re_construction and when a say re-construction it does mean we must change the manager but also if the manager has to stay due tho the fact that he is the manager chosen by PUMA  he should be able to make decisions on his own without the influence of  ministry or even players.An example is the manager who will be able to put  SAMUEL ETO'O   on the bench when need comes will is probably on the right tract When i say that manager should be influenced by the ministry in question i mean there should be no ministerial intervention in how the team is been taken in charged, a simple example is the case of FRANCE.The french football federation has no managerial link with the ministry of sports so football is placed in the hands of those who know what to do  not as in my country where the minister of sport claims authority in FECAFOOT. The question i ask myself is why does he not inter fare in the other federations as he does with football, and the answer that question is simple, that is where they all try to take what  is not theirs

camerron's terorist crises

when the problems that strikes a family due to some of the family members is not solved by those with the power to do so, what will then happen when the next problem coming will not be caused by  any of the family menbers but by a stranger which you do not even know . That is exactly what is happening in cameroon. Cameroon is withnessing its first terorist attacks in the north by BOKO HARAM . The name boko haram has brought many question which cameroonians aks themselves, an example is what is boko haram but that  is not the question to be asked. The question is why is boko haram attacking cameroon?. We donot need to know who the  are and where they come from but what we need to know is why  THEY DO SO.Cameroon is not an economic power like  U.S.A or NIGERIA whose decisions infuences other counntries and even some religious sects who then uses arms like their way to creat some instabilities in those countries. Cameroon is nothing economically speaking, and i do not  thing cameroon as  a country has problems with his neighbours that terorist from neighbouring countries will try to attack. So this brings me to the conclusion that cameroon crisis is caused by fellow cameroonian knowning the attacks in nigeria by BOKO HARAN then place the charges on them.The prove is when terorist want to sent a massage to the country they   do not attack a man home as what happened at the cameroon minister of justice home instead they attack stratagic places, like in big towns.So the arm forces that are sent to the north to fight boko haram are the ones looking for problems and when that will happen we will then withrness the real attacks. normaly terorist celebrate their deeds when they attack but since we haven't head any thing from them and we already have conclusion, that is how you find yourself figting some one else's fight . Therefore my advice to the cameroon government is to conduct internal investigations among the arm forces before taking decisions that will bring problem instead of solving the already existing ones