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Unemployment Rate Evolution in Cameroon from 1996 to 2021

Unemployment Rate Evolution in Cameroon from 1996 to 2021

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TGM StatBox. (2024). Unemployment Rate Evolution in Cameroon from 1996 to 2021. TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2023
Country: Cameroon
Published date: 2024
Note: The Unemployment Rate, as defined by World Development Indicators, is the percentage of the labor force that is without work but is actively seeking employment and available to start work.
Key Takeaways
Cameroon’s unemployment rate declined significantly from 8.1% in 1996 to 3.1% in 2007, primarily due to structural reforms aimed at economic stability and job creation. However, fluctuations, with a rise to 6.1% by 2021, illustrate challenges in sustainable job creation amidst population growth. Economic volatility, influenced by regional instability and limited industrial development, continues to impact employment prospects, with the need for more diversified job opportunities being a pressing issue.

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