Cameroon: Growth to 1.1% in the first quarter of 2017

With a moderate growth in gross domestic product (GDP) of 1.1%, in the first quarter of 2017, according to the National Institute of Statistics (INS), Cameroon shows a slowdown in the rate of economic activity compared with in the same quarter of 2016, which had a fairly high level of 5.4%.

"The poor performance of the secondary sector, which recorded a negative contribution of 1.5 percentage points to growth, explains the underperformance," says the INS, adding that two branches contributed mainly to the decline in activity in this sector sector, namely: "Crude petroleum extraction" and "Buildings and public works".

On the supply side, however, the NSI reassures the good news comes from the primary sector, where all industries have performed well despite the slowdown observed in "industrial and exporting agriculture", which is still affected by the decline in cocoa prices. Similarly, all sectors of the tertiary sector are making positive contributions to growth, with the exception of "public administration, health and education", which is affected by a contraction in staff costs.

In terms of demand, growth in the first quarter of 2017 was attributable to the good performance of the private component of investment and final consumption, despite a decline in their public components. This is tempered by a slowdown in foreign trade, with a 0.7% drop in exports combined with a 4.1% increase in imports.


Agenda

Janvier 2019
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Nos Partenaires

Chambre d'Agriculture, des Pêches, de l'Elevage et des Forêts du Cameroun (CAPEF)
Chambre de Commerce et d'Industrie du Bénin
Chambre de Commerce et d'Industrie de Cote-d'Ivoire
Chambre de Commerce et d'Industrie du Burkina-Faso;
Chambre de Métiers et de l'Artisanat de la Vendée
International Chamber of Commerce
La Bourse de Sous-Traitance et de Partenariat du Cameroun (BSTP-CMR)
Agence de Promotion des Investissements (API)
Le Fonds National de l’Emploi (FNE)
Agence des Normes et de la Qualité du Cameroun (ANOR)
Institut National de la Statistique du Cameroun (INS)
L'Agence de Régulation des Marchés Publics (ARMP)
Le Douala Stock Exchange
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GROUPEMENT INTER-PATRONAL DU CAMEROUN
Organisation Internationale de la Francophonie (OIF)
Conférence Permanente des Chambres Consulaires Africaines et Francophones
L'Institut international de recherche sur les cultures des zones tropicales semi-arides (ICRISAT)
Agence Française de Développement (AFD)
Organisation Mondiale du Commerce(OMC);
Centre de Commerce International (ITC)
Programme des Nations-Unies pour le Développement au Cameroun (PNUD)
Organisation des Nations Unies pour le Développement Industriel (ONUDI)
L'Agence des États-Unis pour le développement international (United States Agency for International Development ou USAID)
Export-Import Bank of the United States
Banque Mondiale
Banque Africaine de Développement (BAD)