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FAX: [1] (202) 387–3826

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Diplomatic representation from the US:

chief of mission: Ambassador Janet E. GARVEY

embassy: Avenue Rosa Parks, Yaounde

mailing address: P. O. Box 817, Yaounde; pouch: American Embassy, US Department of State, Washington, DC 20521–2520

telephone: [237] 2220 15 00; Consular: [237] 2220 16 03

FAX: [237] 2220 16 00 Ext. 4531; Consular FAX: [237] 2220 17 52

branch office(s): Douala

Flag description:

three equal vertical bands of green (hoist side), red, and yellow, with a yellow five-pointed star centered in the red band; the vertical tricolor recalls the flag of France; red symbolizes unity, yellow the sun, happiness, and the savannahs in the north, and green hope and the forests in the south; the star is referred to as the "star of unity"

note: uses the popular Pan-African colors of Ethiopia

National anthem:

name: "O Cameroun, Berceau de nos Ancetres" (O Cameroon, Cradle of Our Forefathers)

lyrics/music: Rene Djam AFAME, Samuel Minkio BAMBA, Moise Nyatte NKO"O [French], Benard Nsokika FONLON [English]/Rene Djam AFAME

note: adopted 1957; Cameroon's anthem, also known as "Chant de Ralliement" (The Rallying Song), has been used unofficially since 1948 although officially adopted in 1957; the anthem has French and English versions whose lyrics differ

Economy ::Cameroon

Economy - overview:

Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems facing other underdeveloped countries, such as stagnate per capita income, a relatively inequitable distribution of income, a top-heavy civil service, and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs. Weak prices for oil and cocoa led to the significant slowdown in growth in 2009. The government is under pressure to reduce its budget deficit, which by the government's own forecast will hit 2.8% of GDP, but the presidential election in 2011 may make fiscal austerity difficult.

GDP (purchasing power parity):

$44.65 billion (2010 est.) country comparison to the world: 93 $43.44 billion (2009 est.)

$43.05 billion (2008 est.)

note: data are in 2010 US dollars

GDP (official exchange rate):

$21.88 billion (2010 est.)

GDP - real growth rate:

2.8% (2010 est.) country comparison to the world: 129 0.9% (2009 est.)

3.9% (2008 est.)

GDP - per capita (PPP):

$2,300 (2010 est.) country comparison to the world: 183 $2,300 (2009 est.)

$2,300 (2008 est.)

note: data are in 2010 US dollars

GDP - composition by sector:

agriculture: 20%

industry: 30.9%

services: 49.1% (2010 est.)

Labor force:

7.836 million (2010 est.) country comparison to the world: 59

Labor force - by occupation:

agriculture: 70%

industry: 13%

services: 17% (2001 est.)

Unemployment rate:

30% (2001 est.) country comparison to the world: 177

Population below poverty line:

48% (2000 est.)

Household income or consumption by percentage share:

lowest 10%: 2.3%

highest 10%: 35.4% (2001)

Distribution of family income - Gini index:

44.6 (2001) country comparison to the world: 43 47.7 (1996)

Investment (gross fixed):

21.1% of GDP (2010 est.) country comparison to the world: 72

Public debt:

16.8% of GDP (2010 est.) country comparison to the world: 113 16.3% of GDP (2009 est.)

Inflation rate (consumer prices):

1.9% (2010 est.) country comparison to the world: 55 3% (2009 est.)

Central bank discount rate:

4.25% (31 December 2009) country comparison to the world: 104 4.75% (31 December 2008)

Commercial bank prime lending rate:

NA% (31 December 2009 est.)

NA% (31 December 2008 est.)

Stock of narrow money:

$2.888 billion (31 December 2010 est) country comparison to the world: 111 $3.074 billion (31 December 2009 est)

Stock of broad money:

$4.831 billion (31 December 2010 est.) country comparison to the world: 120 $4.921 billion (31 December 2009 est.)

Stock of domestic credit:

$848.8 million (31 December 2010 est.) country comparison to the world: 152 $1.523 billion (31 December 2009 est.)

Market value of publicly traded shares:

The 2010 CIA World Factbook

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