As of the end of June 2026, the Cameroonian economy shows growth of 3.7%, according to economic data relayed by several sources. It is the non-oil sector — industry, agriculture, telecommunications, financial services — that is driving activity, with oil still on a declining path.
The most favourable figure concerns prices. Twelve-month average inflation fell back to 2.6% in June 2026, against 4.1% a year earlier, moving back below the 3% convergence threshold set within the CEMAC.
For the full year, projections diverge. The Cameroonian authorities are betting on growth of 4.3%, driven by a solid non-oil sector. The International Monetary Fund, more cautious, puts 2026 at 3.3%.
The IMF pairs its forecast with a warning on the fragility of public finances: debt servicing and state arrears weigh on budgetary room for manoeuvre, a point that recurs in each of its recent reviews.
The gap between 3.3% and 4.3% is not just a matter of method: it reflects two readings of the same half-year, one banking on the continuation of non-oil momentum, the other factoring in financing constraints and the external environment more heavily.
The second half of the year will decide. It will show whether Cameroonian growth moves closer to the official target or settles on the IMF's more conservative scenario — and whether the grip on inflation holds through December.
