After gross domestic product (GDP) growth estimated at 3.5% in 2025, Cameroon’s economy is expected to experience a slight slowdown in 2026. This is according to the conclusions of an International Monetary Fund (IMF) mission conducted in Yaoundé from September 17 to 30.
The international financial institution did not provide a numerical growth forecast for 2026, but estimates that the economic outlook is affected by several constraints, including the continued decline in hydrocarbon production and difficulties related to electricity transmission.
Services Maintain Their Momentum
Despite these headwinds, some sectors continue to support economic activity. The IMF notably highlights the dynamism of the services sector, which is expected to help mitigate the impact of the slowdown in hydrocarbon production.
On the price front, the trend remains relatively favorable.
Average inflation continued to slow, reaching 2.6% at the end of August 2026.
However, this trend could be challenged by a renewed acceleration in food prices, which could put additional pressure on the overall price level.
Budget Deficit Under Pressure
The state of public finances is also a source of concern. Cameroon’s overall deficit increased from 1.5% of GDP in 2024 to 2.1% in 2025.
The IMF forecasts a slight further deterioration in 2026, notably due to higher fuel subsidies, as a result of the shock to international oil prices.
This pressure on public finances comes as the authorities must continue their efforts to control spending and consolidate the budget.
Several Risks Weigh on the Outlook
The IMF also estimates that Cameroon’s economic outlook remains exposed to several risk factors.
Developments in international financial markets, the pace of reform implementation, as well as persistent security and climate challenges could notably weigh on economic activity.
In this context, Cameroon will have to navigate an uncertain external environment while continuing its efforts to diversify and strengthen the resilience of its economy.