Yaoundé - 22 October 2019 -

Cameroon: GDP rose 4.5% in Q4 2018, driven by services sector

Cameroon: GDP rose 4.5% in Q4 2018, driven by services sector
  • Comments   -   Thursday, 23 May 2019 14:07

(Business in Cameroon) - Over the last three months of 2018, Cameroon’s GDP grew by 4.5%, the national statistics institute (INS) announced. Major growth driver, INS says, remained the tertiary sector which contributed 2.0 points to GDP growth, despite a slowdown, with a year-on-year rate of 3.6% after 5.1% the same period in 2017.

Services sector generated XAF2,278.8 billion over the period, while the secondary sector generated XAF1,030.2 billion and the primary sector XAF577.7 billion. According to the public institute, trade, financial services and transport activities contributed the most to the good performance by the tertiary sector.

Sales and repair activities contributed 0.9 points to growth, driven by strong demand during year-end holidays. Financial activities contributed 0.3 points, spurred by the increase in lending to the economy, particularly to the private sector. Transport, warehousing and communication activities also performed well, contributing 0.2 points to GDP growth.

However, INS points out, other tertiary sector activities slowed over the period reviewed. These include information and telecommunications (2.7% in Q4 2018 compared with 4.2% in Q3 2018), accommodation and food services (almost stable at 3.7% in Q4), non-market general government services (3.4% in Q4 against 5.1% in Q3).


On October 23, Homebiogas, an Israelian renewable energies company, will hand a biogas production kit to Nkol-Eton College in Yaoundé, Cameroon, the...
Today October 21, 2019, a delegation of French chocolate maker Puratos was in Ntui, in the Central region, Cameroonian Minister of commerce Luc Magloire...
During an interview, on October 21, 2019, Achille Nestor Basahag, director of accounting at the Cameroonian ministry of finance, revealed that in the...
In Cameroon, more than XAF3,500 billion ($5.9 billion) will be needed to reconstruct the Anglophone regions, Jacques Fame Ndongo (photo), the ruling...

Mags frontpage

Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres

Reviewing the state of things in the North and Far North

Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »

Décollage réussi pour la Transahélienne de Camair-Co