Source: world bank Nominal/PPP
Summary:
Cameroon GDP Per Capita expanded from 1960 to 2024, increasing from $0.61 to $53.30 .The compound annual growth rate (CAGR) averaged 7.23% 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 44.99%, indicating the largest cyclical decline from peak levels. The country experienced 11 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.
- High Growth (1961–1962) indicating robust economic expansion
- Expansion (1965–1966) indicating steady moderate growth
- High Growth (1967–1969) indicating robust economic expansion
- High Growth (1971–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Expansion (1982–1983) indicating steady moderate growth
- High Growth (1984–1987) indicating robust economic expansion
- Contraction (1988–1989) indicating temporary slowdown
- Expansion (1998–1999) indicating steady moderate growth
- High Growth (2002–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 38.763%, while the largest decline was in 1994 at -44.985%.