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Yaoundé - 20 February 2020 -
Economy

Cameroon : Investments up 26.3% YoY in Q1, 2019

Cameroon : Investments up 26.3% YoY in Q1, 2019
  • Comments   -   Tuesday, 20 August 2019 15:20

(Business in Cameroon) - In Cameroon, during Q1, 2019, investments rose by 26.3% year to year, the national institute for statistics reveals. This increase is in symbiosis with the consolidation in gross fixed capital formation (XAF1,084.8 billion) that contributed 1.2 points to GDP.

According to the institute, the growth in investments was spurred by demand for machines, electrical appliances and transport equipment as well as investments in the construction sector. It adds that during the period under review, private investments were estimated at XAF930.5 billion contributing 2.2 points to GDP. On the other hand, public investments were XAF133.7 billion contributing a negative 1.0 point to GDP.

Let’s note that the 37.6% drop in demand in the furniture manufacturing sector affected investments growth during the period under review.

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