Cameroon sees 3.6% improvement in its 2020 GDP following rebasing operation
Cameroon sees 3.6% improvement in its 2020 GDP following rebasing operation
May 5, 2021 | Cameroon posted a positive GDP for 2020, much to everyone’s surprise. Indeed, instead of the 0.8% growth the country posted, everyone was expecting a 2.6% contraction of the country’s economy. Also, the country’s debt-to-GDP ratio which decreased by 3.2% as of December 31, 2020, is now 43.7% instead of the 46.9% previously announced.
This improvement of the country’s macroeconomic indicators was due to a change of the national accounts computing basis used by the National Institute of Statistics (INS).
In its recent update on Cameroon’s public debt, the national sinking fund CAA informs that its new figures were computed using the 2016 base year instead of the 2005 base year.
(Business in Cameroon) - Recently, Cameroon posted a positive GDP for 2020, much to everyone’s surprise. Indeed, instead of the 0.8% growth the country posted, everyone was expecting a 2.6% contraction of the country’s economy. Also, the country’s debt-to-GDP ratio which decreased by 3.2% as of December 31, 2020, is now 43.7% instead of the 46.9% previously announced.
This improvement of the country’s macroeconomic indicators was due to a change of the national accounts computing basis used by the National Institute of Statistics (INS).
In its recent update on Cameroon’s public debt, the national sinking fund CAA informs that its new figures were computed using the 2016 base year instead of the 2005 base year.