Cameroon is a country in Central Africa. Cameroon's per-capita GDP (Purchasing power parity) was estimated as US$2,300 in 2008,[1] one of the ten highest in sub-Saharan Africa.[2] Major export markets include France, Italy, South Korea, Spain, and the United Kingdom.[1] Cameroon is aiming to become an emerging country by 2035.
Cameroon has had a decade of strong economic performance, with GDP growing at an average of 4% per year. During the 2004–2008 period, public debt was reduced from over 60% of GDP to 10% and official reserves quadrupled to over USD 3 billion.[3] Cameroon is part of the Bank of Central African States (of which it is the dominant economy),[2] the Customs and Economic Union of Central Africa (UDEAC) and the Organization for the Harmonization of Business Law in Africa (OHADA).[4] Its currency is the CFA franc.[1]
- ^ a b c "Cameroon". World Factbook. CIA. Retrieved 2 November 2016.
- ^ a b Musa, Tansa (8 April 2008). "Biya plan to keep power in Cameroon clears hurdle". Reuters. Retrieved 9 April 2008.
- ^ "Cameroon Financial Sector Profile". MFW4A. Archived from the original on 13 May 2011. Retrieved 24 September 2011.
- ^ "The business law portal in Africa". OHADA. Retrieved 22 March 2009.
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