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HarryWilliams Offline



Beiträge: 7

01.11.2022 12:15
Economy of Cameroon Antworten

The country's currency is the Central African CFA franc. The symbol used for this currency is Fr and is abbreviated as XAF. 4.3% of the country's population is unemployed. The total number of unemployed in Cameroon is 1,061,164. Cameroon exports about US$6 billion and imports about US$6.8 billion each year. The country's Gini index is 44.6. Cameroon has a Human Development Index (HDI) of 0.504. The Global Peace Index (GPI) for Cameroon is 2,349. Cameroon has a public debt equivalent to 12% of the country's gross domestic product (GDP) as estimated in 2012. Cameroon is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. The main industries in the country are petroleum exploration and refining, aluminum production, food processing, light consumer goods, textiles, timber and ship repair.

The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Cameroon is US$67,783 billion. Every year, consumers spend around $16,364 million. The ratio of consumer spending to GDP in Cameroon is 0% and the ratio of consumer spending to world consumer market is 0.0472. The corporate tax rate in Cameroon is 38.5%. Personal income tax ranges from 10% to 35% depending on your specific situation and income level. VAT in Cameroon is 19.25%. In 2013, Cameroon received US$596.2 million in development aid. In 2014, foreign aid amounted to USD 611.8 million.

https://www.confiduss.com/en/jurisdictions/cameroon/economy/

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