Yaoundé - 11 December 2018 -
Public management

Cameroon’s economy grew by 4.1% during Q3 2017

Cameroon’s economy grew by 4.1% during Q3 2017
  • Comments   -   Friday, 23 February 2018 12:37

(Business in Cameroon) - The national institute of statistics INS reveals that during Q3 2017, Cameroon’s growth was positive with 4.1% of GDP.  

The institution explains that in the supply chain, this is the result of a continuous dynamism in the primary (7.6%) and tertiary (4.3%) sectors as well as a gradual consolidation of activities in the secondary sector (2.6%).

In the demand chain, the economic growth was mainly spurred by final consumption expenditures and investments.  INS points out that “this growth conceals the decrease of external trades”. Indeed, during this quarter, the volume of exports and imports have respectively decreased by 4.7% and 9.5%. “Despite this, the trade balance was positive”, the institution comments.  

Globally, during the quarter under review, all the branches of the economy contributed positively to the GDP, except the extraction of crude oil (-1%) which has been in contraction since Q2 2016.


Mags frontpage

Business in Cameroon n69: November 2018

Cameroon’s finance sector goes through rapid digitalization

Cashew, a sector with great potential, both for revenues and job creation

Investir au Cameroun n79: Novembre 2018

Le secteur financier camerounais se digitalise à grande vitesse

L’anacarde, un vaste potentiel de revenus et d’emplois