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"Cameroon economy gains 0.3 points in growth"

Cameroon's economy has gained 0.3 points in growth in 2014 as revealed by the National Statistics Institute. In 2014, the national economy is gaining 0.3 points of growth more than in 2013.  The growth rate is now 5.9% as opposed to the 5.6% in 2013. The recent statistics indicates that the growth is approaching growth objectives set at an average of 6.1. 

Cameroon's economy is driven by domestic demand, which results in final consumption expenditure increased by 5.7% and accelerating investments with 13.6% for the private sector and 7.5 % for the public sector. On the supply side, the tertiary sector recorded a growth of 5.3% in 2014 as against 6.3% growth in 2013. The growth of the secondary sector accelerated to 6.8% in 2014 against 5.7 a year earlier. The primary sector continues to consolidate by displaying an increase of 4.7%, one point higher than in 2013.

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Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .



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