| Description |
1 online resource (31 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/97/165 |
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IMF working paper ; WP/97/165.
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| Summary |
Notwithstanding the secular decline in real GDP experienced during the period 1987-93, the Cameroonian economy remains one of the largest in the CFA franc zone, with a GDP of about US$9 billion in 1996.2 Compared with other sub-Saharan African countries, Cameroon has one of the most diversified production and resource bases, as it produces and exports a broad range of non-oil commodities. 3 Cameroon is a net oil exporter; oil production, although declining steadily since 1986, still amounted to 37 million metric tons in 1996 and represented 8 percent of GDP. Nevertheless, agriculture has remained the mainstay of the economy and employs over 70 percent of the labor force. The recent history of Cameroon's economic and social development is characterized by two sharply diverging periods in economic performance. Most of the period from independence in 1960 to 1986 was characterized by fiscal balance, a rising investment-GDP ratio, rising human capital stock, and expanding real GDP. In contrast, the period 1987-93 was marked by declining terms of trade, deteriorating external competitiveness, a declining investment-GDP ratio, stagnating or declining human capital stock, rising fiscal imbalances, and shrinking output |
| Bibliography |
Includes bibliographical references (pages 28-30) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Human capital -- Cameroon
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Investments -- Cameroon
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Economic history
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Economic policy
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Human capital
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Investments
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Social conditions
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| SUBJECT |
Cameroon -- Economic conditions -- 1960-
http://id.loc.gov/authorities/subjects/sh85019139
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Cameroon -- Social conditions -- 1960- http://id.loc.gov/authorities/subjects/sh85019147
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Cameroon -- Economic policy
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| Subject |
Cameroon
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| Form |
Electronic book
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| Author |
International Monetary Fund. African Department.
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| ISBN |
1283552353 |
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9781283552356 |
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1451903235 |
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9781451903232 |
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1462310516 |
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9781462310517 |
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1452794596 |
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9781452794594 |
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9786613864802 |
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6613864803 |
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9781451980004 |
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1451980000 |
|
