Source: world bank Nominal/PPP
Summary:
Cameroon GDP Per Capita expanded from 1960 to 2024, increasing from $119.05 to $1,830.01 .The compound annual growth rate (CAGR) averaged 4.36% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 46.51%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
Cameroon Economic Phases (1960 - 2024)
From 1960 to 2024, Cameroon economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1961–1963) indicating steady moderate growth
- Expansion (1965–1966) indicating steady moderate growth
- High Growth (1967–1968) indicating robust economic expansion
- Expansion (1969–1971) indicating steady moderate growth
- High Growth (1972–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1981–1982) indicating temporary slowdown
- Expansion (1983–1984) indicating steady moderate growth
- High Growth (1985–1987) indicating robust economic expansion
- Contraction (1991–1992) indicating temporary slowdown
- Contraction (1996–1997) indicating temporary slowdown
- High Growth (2002–2004) indicating robust economic expansion
- Expansion (2005–2006) indicating steady moderate growth
- High Growth (2007–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- Expansion (2016–2017) indicating steady moderate growth
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 34.644%, while the largest decline was in 1994 at -46.508%.