Cameroon’s per-capita GDP (PPP) was estimated as US$2,421 in 2005,one of the ten highest in sub-Saharan Africa. Major export markets include France, Italy, South Korea, Spain, and the United Kingdom.
Cameroon is part of the Bank of Central African States (of which it is the dominant economy)and the Customs and Economic Union of Central Africa (UDEAC). Its currency is the CFA franc. Red tape, high taxes, and endemic corruption have impeded growth of the private sector.[54] Unemployment was estimated at 30% in 2001, and about 48% of the population was living below the poverty threshold in 2000.Since the late 1980s, Cameroon has been following programmes advocated by the World Bank and International Monetary Fund (IMF) to reduce poverty, privatise industries, and increase economic growth.Tourism is a growing sector, particularly in the coastal area, around Mount Cameroon, and in the north.
