oil-dependent economy challenged by market fluctuations, regional instability, refugee influx, and climate vulnerability; high levels of extreme poverty and food insecurity; recent growth driven by oil and agricultural recovery; debt-restructuring agreement under G20 Common Framework
. Key agricultural products in this country include: sorghum, groundnuts, millet, cereals, beef, sugarcane, yams, maize, cassava, milk (2022).Labor force | 5.806 million (2023 est.) |
---|---|
Industrial production growth rate | 3.27% (2023 est.) |
Industries | oil, cotton textiles, brewing, natron (sodium carbonate), soap, cigarettes, construction materials |
Population below poverty line | 42.3% (2018 est.) |
Taxes and other revenues | 13.5% (of GDP) (2017 est.) |
Fiscal year | |
Exchange rates | |
Currency | Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar - |
Exchange rates 2023 | 606.57 (2023 est.) |
Exchange rates 2022 | 623.76 (2022 est.) |
Exchange rates 2021 | 554.531 (2021 est.) |
Exchange rates 2020 | 575.586 (2020 est.) |
Exchange rates 2019 | 585.911 (2019 est.) |
Debt - external | |
Debt - external 2022 | $2.352 billion (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2021 | $211.591 million (2021 est.) |
Reserves of foreign exchange and gold 2020 | $390.675 million (2020 est.) |
Reserves of foreign exchange and gold 2019 | $310.032 million (2019 est.) |
Current account balance | |
Current account balance 2017 | -$558 million (2017 est.) |
Current account balance 2016 | -$926 million (2016 est.) |
Public debt | |
Public debt 2017 | 52.5% of GDP (2017 est.) |
Budget | |
Revenues | $2.29 billion (2020 est.) |
Expenditures | $2.12 billion (2020 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 0% of GDP (2023 est.) |
Remittances 2022 | 0% of GDP (2022 est.) |
Remittances 2021 | 0% of GDP (2021 est.) |
Household income | |
Lowest 10% | 2.8% (2022 est.) |
Highest 10% | 29.6% (2022 est.) |
Imports | |
Imports 2022 | $5.028 billion (2022 est.) |
Imports 2021 | $5.211 billion (2021 est.) |
Imports 2020 | $4.502 billion (2020 est.) |
Imports (partners) | China 25%, UAE 20%, France 7%, US 7%, Belgium 7% (2022) |
Comodities Imports force | vaccines, jewelry, electric generators, broadcasting equipment, packaged medicine (2022) |
Exports | |
Imports 2022 | $5.028 billion (2022 est.) |
Imports 2021 | $5.211 billion (2021 est.) |
Imports 2020 | $4.502 billion (2020 est.) |
Exports (partners) | Germany 25%, China 21%, UAE 20%, Taiwan 12%, France 10% (2022) |
Comodities Exports force | crude petroleum, gold, oil seeds, gum resins, cotton (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $32.446 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $31.161 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $30.311 billion (2021 est.) |
GDP (official exchange rate) | $13.149 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $1,800 (2023 est.) |
Real GDP per capita 2022 | $1,800 (2022 est.) |
Real GDP per capita 2021 | $1,800 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 25.1% (2023 est.) |
Industry | 44.4% (2023 est.) |
Services | 28.7% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 74.6% (2023 est.) |
Government consumption | 4.2% (2023 est.) |
Investment in fixed capital | 25.8% (2023 est.) |
Exports of goods and services | 43.5% (2023 est.) |
Imports of goods and services | -48.1% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 1.08% (2023 est.) |
Unemployment rate 2022 | 1.1% (2022 est.) |
Unemployment rate 2021 | 1.51% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 1.5% (2023 est.) |
Male | 2.1% (2023 est.) |
Female | 0.7% (2023 est.) |
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