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Cameroon: Gross Domestic Product by population estimated at 700 USD
The current average income per capita in Cameroon is estimated at about 700 USD, a figure not much different from that of 1960, when the independence of the country where it was about 500 USD notes resident Representative of the International Monetary Fund (IMF)
The current average income per capita in Cameroon is estimated at about 700 USD, a figure not much different from that of 1960, when the independence of the country where it was about 500 USD notes resident Representative of the International Monetary Fund (IMF), "In the '60s, Cameroon was above all the middle-income countries," observed Mr. Kpodar following the presentation of the new quarterly report on "Regional Economic Outlook" Tuesday in Yaounde. A population of nearly 20 million, the Cameroonian authorities dénombrent poverty rate of about 39%. Gross Domestic Product (GDP) amounted to 12.000 billion CFA francs (24 billion USD). While the reserves of commercial banks stood at 900 billion francs ($ 1.8 billion), only 4% of the population have bank accounts, proof that "the system is not yet banked", summarized the IMF representative.
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