New study attributes 15% of Cameroon’s GDP to Yaoundé

Abstract

New study attributes 15% of Cameroon’s GDP to Yaoundé. This press release highlighted some points. The study breaks new ground by quantifying the annual contributions of Yaoundé to the Cameroonian economy. The findings will contribute to a new regional guideline on city GDP estimation, currently being developed by ECA, which draws on the lessons emerging from Yaoundé and other pilot cities in Africa. Recognizing the economic challenges, the report recommended that the city authorities should introduce incentive policies to develop its industries and reduce informal activity, which would boost tax revenues, fair competition and productivity. This study is the first-of-its-kind report produced for Yaoundé, which opens up a much wider domain for the city GDP estimation in Cameroon. The findings of the report will guide the city’s urban planning interventions in the future.