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- Capital and second-largest city:
Estimated population (2021): Approximately 2.8 million.
Douala
- Largest city and economic capital:
Estimated population (2021): Approximately 3.2 million.
Economic Value: Douala is the economic hub of Cameroon and is a major center for trade and commerce. It houses the country's largest port and contributes significantly to Cameroon's economy.
Bamenda
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Estimated population (2021): Approximately 500,000.
Bafoussam
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Estimated population (2021): Approximately 350,000.
Garoua
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Estimated population (2021): Approximately 500,000.
Cameroon on map of Africa
Economy of Cameroon
Gross Domestic Product (GDP): In 2020, Cameroon's GDP was approximately 38.48 billion USD.
GDP per Capita: The GDP per capita in Cameroon was estimated to be around 1,500 USD in 2020. This figure represents the average income per person in the country.
Inflation Rate: In 2020, Cameroon's inflation rate was around 2.5%.
Unemployment Rate: The unemployment rate in Cameroon varies, but it was estimated to be around 4.4% in 2020.
Major Industries: Cameroon's economy is diverse and includes industries such as agriculture (cocoa, coffee, oilseeds), oil and gas, mining (bauxite, iron ore, gold), manufacturing, and services.
Exports: Cameroon exports commodities such as oil and petroleum products, cocoa, coffee, timber, and aluminum. Oil exports are a significant source of revenue for the country.
Imports: The country imports various goods, including machinery, vehicles, electrical equipment, and food products.
Foreign Aid: Cameroon receives foreign aid from various countries and international organizations to support its development programs and address challenges such as poverty and infrastructure development.
Currency: The currency of Cameroon is the Central African CFA franc (XAF), which is pegged to the euro.
Five Largest Companies in Cameroon
Afriland First Bank: Afriland First Bank is one of the major banking institutions in Cameroon, offering a range of financial services.
MTN Cameroon: MTN is a well-known telecommunications company providing mobile and internet services in Cameroon.
Orange Cameroon: Orange is another major telecommunications company offering mobile and internet services in the country.
Société Nationale des Hydrocarbures (SNH): SNH is the state-owned company responsible for the exploration, production, and marketing of petroleum and natural gas in Cameroon.
Cameroon Telecommunications (CAMTEL): CAMTEL is the state-owned telecommunications company in Cameroon, providing a variety of communication services, including fixed-line telephony and internet services.
Five Largest Banks in Cameroon
Afriland First Bank: Afriland First Bank is one of the largest and most prominent banks in Cameroon, offering a wide range of financial services.
Société Générale de Banques au Cameroun (SGBC): Société Générale is a well-known international banking group with a significant presence in Cameroon.
Ecobank Cameroon: Ecobank is a pan-African banking group with a strong presence in Cameroon, providing various banking and financial services.
Standard Chartered Bank Cameroon: Standard Chartered Bank operates in Cameroon and offers a range of banking and financial products.
United Bank for Africa (UBA) Cameroon: UBA is a Nigerian-based bank with operations in Cameroon, providing banking services to individuals and businesses.
