Current account balance (credit less debit), Net (credits less debits) in Cameroon
Cameroon: Current account balance (credit less debit), Net (credits less debits) was -2.02 billion in 2023. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Cameroon, 2005–2023
Source: International Monetary Fund.
Analysis
In 2023, current account balance (credit less debit), net (credits less debits) in Cameroon stood at -2.02 billion. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 34.1% on the previous year and down 79.0% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Cameroon peaked at 286.07 million in 2007 and was at its lowest, -2.02 billion, in 2023.
Cameroon ranks 152nd of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Cameroon, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -495.56 million | — |
| 2006 | 193.52 million | -139.1% |
| 2007 | 286.07 million | +47.8% |
| 2008 | -451.56 million | -257.8% |
| 2009 | -1.12 billion | +148.7% |
| 2010 | -857.14 million | -23.7% |
| 2011 | -749.20 million | -12.6% |
| 2012 | -955.93 million | +27.6% |
| 2013 | -1.13 billion | +18.0% |
| 2014 | -1.40 billion | +24.3% |
| 2015 | -1.17 billion | -16.3% |
| 2016 | -1.04 billion | -11.6% |
| 2017 | -949.76 million | -8.5% |
| 2018 | -1.41 billion | +48.4% |
| 2019 | -1.70 billion | +20.3% |
| 2020 | -1.51 billion | -10.8% |
| 2021 | -1.79 billion | +18.7% |
| 2022 | -1.51 billion | -16.1% |
| 2023 | -2.02 billion | +34.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -318.14 million | -1.12 billion | 286.07 million | 5 |
| 2010s | -1.14 billion | -1.70 billion | -749.20 million | 10 |
| 2020s | -1.71 billion | -2.02 billion | -1.51 billion | 4 |
Countries ranked near Cameroon
More financial sector data for Cameroon
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 7.06 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0725 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 132.64 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 6.66 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 133.26 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 6.66 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 133.26 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.31 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 135.33 SDR per person (2024)
- Total reserves (gold at national valuation) 3.94 billion SDR (2024)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Cameroon?
- Current account balance (credit less debit), net (credits less debits) in Cameroon was -2.02 billion in 2023, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Cameroon?
- The highest recorded value was 286.07 million in 2007.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Cameroon?
- The lowest recorded value was -2.02 billion in 2023.
- How does Cameroon rank for current account balance (credit less debit), net (credits less debits)?
- Cameroon ranks 152nd out of 198 countries with data for 2023.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Cameroon?
- Over the last ten years it is down 79.0%. The long-run trend across the full record is volatile.
- Where does this Cameroon data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.