(Business in Cameroon) – Cameroon’s economy is projected to grow 3.9% in 2025, up from 3.5% in 2024, despite declining oil production.
- Oil output is expected to fall for the third consecutive year, reaching 19.8 million barrels in 2025.
- The non-oil sector, particularly services, drives growth, projected at 4.2% in 2025.
Cameroon’s Caisse Autonome d’Amortissement (CAA) projects economic growth at 3.9% in 2025, according to its latest public debt outlook. The forecast, endorsed by the World Bank, represents an improvement from 3.5% in 2024 and 3.3% in 2023.
This resilience comes despite a continued decline in oil production, expected to contract 4.9% in 2025 after decreases of 9.7% in 2024 and 1.8% in 2023, the CAA said. The slowdown stems from natural declines in well yields.
The Ministry of Finance estimates crude output at 19.8 million barrels in 2025, down from 21.3 million barrels in 2024. Production is projected to rebound to 20.8 million barrels in 2026 and 22.1 million in 2027, potentially supporting stronger medium-term growth.
The non-oil sector has emerged as Cameroon’s main growth engine since 2023. The National Institute of Statistics (INS) forecasts a 4.2% expansion in 2025, up from 4.1% in 2024 and 3.7% in 2023. Services drive much of this performance, partially offsetting the oil sector’s decline.
BRM
