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Cameroon:
GDP reading Cameroon’s GDP increased 3.9% in annual terms in Q2, following a 3.6% expansion in the prior quarter.
Drivers
Compared with the previous quarter’s data, readings in Q2 improved for fixed investment (+11.6% on a year-on-year basis vs +10.6% in Q1) and imports of goods and services (+12.1% vs +7.5% in Q1). In contrast, readings softened for government spending (+5.6% vs +10.8% in Q1) and exports of goods and services (-23.3% vs -3.0% in Q1). Finally, the variation in private consumption was the same as in the prior quarter (+4.8% in Q2 and Q1).
On a seasonally adjusted quarter-on-quarter basis, economic output grew 7.0% in Q2, following a 4.8% contraction in the prior quarter.
