What are the major industries in Cameroon?

The major industries in Cameroon include agriculture, mining, manufacturing, trade, and transport among others. In Cameroon, there has been a gradual decline in the significance of agriculture as a contributor to the GDP, mainly due to the growth of the oil industry which began in the 1980s.

Why is manufacturing important in Cameroon?

Cameroon - Manufacturing, Resources, Industries: The contribution of manufacturing to the economy grew strongly in the late 20th century, and in the early 2000s it accounted for almost one-fifth of the GDP.

What are the major imports of Cameroon?

Major imports include machinery and transportation equipment and spare parts, fertilizers, cereals, fuel, and food products. Cameroon has good tourism potential because of its varied natural assets and rich cultural heritage, but the industry is quite limited. The vast majority of tourists visiting Cameroon arrive from France.

How did Cameroon start promoting tourism?

Cameroon started following programs as advised by the IMF and World Bank starting from the 1980s which promoted privatization of industries reducing poverty, and increasing economic growth. The country has taken steps to encourage the growth of tourism in the country.

Which countries trade with Cameroon?

France remains a significant trading partner, although its role has somewhat diminished. Spain and Portugal consume a large proportion of Cameroonian exports, and Nigeria is a significant source of import trade. China is one of the country’s largest trading partners for both imports and exports.

What happened to Cameroon's banking system?

As a result of the economic crisis of the late 20th century, Cameroon’s banking system underwent large-scale restructuring, with a number of banks being merged, privatized, or liquidated. By mid-1997 the commercial banking sector was profitable, and in that same year two new commercial banks were opened.