logoBC
Yaoundé - 19 November 2017 -
Investment

Cameroon: Public investments contributed to 1.8% of GDP in Q2 2017

Cameroon: Public investments contributed to 1.8% of GDP in Q2 2017
  • Comments   -   Saturday, 11 November 2017 02:52

(Business in Cameroon) - On November  8, Cameroon’s Institute of statistics revealed in the quarterly national accounts that the overall investments in the country, boosted by the strong growth in public investments (42.8%), have increased by 12.6% during the second quarter of 2017.  

Public investments supported economic growth during the second quarter of 2017 after the decrease observed during the first quarter. Its contribution to the quarterly GDP is 1.8%; this helped sustain total investments’ growth”, the institute commented. It also revealed that this significant performance of public investments is due to the rapid development of major infrastructures projects in the public sector (stadiums, power plants, roads…).  

Meanwhile, private sector experienced a negative growth (-3.3%), mainly, due to lesser demand in transport materials. The rise in investment in this sector is attributable to machinery, electrical appliances, furnitures, mainly, and to a smaller extend to construction.

Sylvain Andzongo

Mags frontpage


Business in Cameroon n57: November 2017

Cameroon: The whole point of the debt


Interview of Célestin Tawamba, GICAM


Investir au Cameroun n67: novembre 2017

Cameroun : tout l’intérêt de la dette


Interview de Célestin Tawamba, GICAM