DOCUMENT OF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Not For Public Use Report No. AW-39a THE RECENT ECONOMIC DEVELOPMENT OF CAMEROON (in two volumes) VOLUME II REVISION AND EXTENSION OF THE NATIONAL ACCOUNTS February 13, 1973 Western Africa Region This report was prepared for official use only by the Bank Group. It may not be published, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibility for the accuracy or completeness of the report. CONVERSION TABLE US$ 1 CFAF 255.79 CFAF 1 :US$ 0.0039 CFAF 1 : FF 0.02 FF 1 CFAF 50.00 PREFACE This report contains the results of a special national accounts mission to Cameroon by Mr. Yves Franchet, as part of the economic updating mission headed by Mr. Westebbe in November 1971 (Volume I, AW-39, October 1972, entitled "The Main Report".) The findings of both volumes in draft, were discussed with the Government during Mr. Westebbe's visit to Yaounde in May 1972. TABLE OF CONTENTS Page No. INTRODUCTION ............................ .......... 1 I. SOME IMPROVEMENTS TO THE NATIONAL ACCOUNTS ESTIMATES AT CURRENT PRICES ......3......................... 3 A. The Price of Cocoa and Coffee .................. 3 B. Production of Coffee and Sweet Bananas ......... . C. Inputs in Agriculture .......................... 4 D. Value Added in Traditional Economy ............. 4 E. Financial Accounts .......................... 4 II. RECONCILIATION BETWEEN THE CAMEROONIAN AND THE UN NATIONAL ACCOUNTING SYSTEMS ......................... 7 A. Priority in the Preparation of the Tables ...... 7 B. Evaluation of Changes in Stocks ................ 8 C. Estimate of Value Added by Government .......... 8 D. Definition of Value Added by Insurance and Banking . ........................... ........... 9 E. Classification of Value Added by Branch of Origin 9 F. Implementation of the New SNA in Cameroon ...... 9 III. * METHODOLOGY FOR PREPARING PRELIMINARY ESTIMATES AND ESTIMATES AT CONSTANT PRICES ..................... 10 A. Value Added by Agriculture, Livestock, Hunting and Fishing ................................ 10 B. Mining ............................ .......... 11 C. Manufacturing .............................. 11 D. Construction ............................... 12 E. Electricity, Gas and Water - Firewood .......... 12 F. Transport ............................ ....... 13 G. Trade .............................. ......... 13 H. Banking Insurance .............................. 13 I. Government Services ........................... 14 J. Other Services ............................. 14 K. Imports and Exports of Goods and Non-Factor Services ........................... ......... 14 L. Investment .................................... 15 M. Government Consumption ...................... 15 N. Private Consumption ................ ......... 15 BIBLIOGRAPHY ANNEXES 1. BALANCE OF PAYMENTS STATISTICS 2. PRICE STATISTICS 3. TABLES INTRODUCTION The following study was carried out in October-November 1971, during a one month IBRD Mission in Yaounde. The purpose of the Mission was to clarify some of the national accounts estimates and to explore the possibilities of elaborating both national accounts estimates at constant prices and preliminary estimates. Such estimates are necessary for prepar- ing development plans and analyzing the recent performance of the economy in real terms 1/. National accounts estimates have been prepared in the Republic of Cameroon for 1959, 1962/63, 1963/64 and 1964/65 by French technical assist- ants. Since FY66, yearly estimates are prepared in the Statistical Office of Yaounde. They relate to fiscal years starting July 1st, and are at cur- rent prices. The methodology used for elaborating these accounts is taken from French National Accounting practices 2/. The main difficulty encountered in preparing these estimates is the lack of basic statistics. The dualism of the economy results in a duality of the quality or existence of statistics. Information on the modern economy is reasonably accurate. This sector consists of the government and the enterprises which are included in the annual census on industry, trade, and transportation. Information on the traditional economy are non-existent or are rough estimates. They can be improved only through surveys on non- commercialized consumption, traditional trade, and handicrafts. The traditional economy still dominates. However, surveys on household consumption, handicrafts and retail trade are difficult to under- take and are expensive. FAC 3/, which had been the main source of financing for these basic surveys, stopped doing them in 1967. Information on the market economy is also far from perfect, and its improvement should have higher priority, because of the role of this sector in economic development 4/. Therefore, it will probably take a long time before the Government of Cameroon allocates enough resources for improvement of statistics on the traditional economy. 1/ This work was greatly facilitated by the outstanding cooperation of the Statistical Office of Yaounde, and more particularly from the statistician in charge of the national accounts, Mr. J. Baroung. 2/ Baroung, Joseph, Problemes Poses par l'Application du SCN Revise dans les Pays en Voie de Developpement: Cas du Cameroun, 1971. Franchet, Yves, Differences between the French and the UN National Accounting System, 1970. 3/ Fonds d'Aide et de Cooperation, Secretariat d'Etat a la Cooperation, France. 4/ On this matter, cf documents of the latest OECD Study Group on the na- tional accounts of African countries (Paris, Feb. 1970) and especially G. Marc, "Difficultes Statistiques Rencontrees dans 1'Etablissement des Comptes Economiques en Afrique. Solutions Adoptees", and A. Vesse "Les Methodes et les Sources Utilisees au Tchad pour le Calcul des Comptes Nationaux". - 2 - The following study illustrates that national accounts estimates at constant prices can be reliably elaborated in spite of a lack of statistics on prices, and of detailed information on inputs. It follows the recommends- tions of Richard Stone and T. P. Hill 1/ among others, to use simple methods for national accounting at constant prices in the case of a country with un- sophisticated statistics. The study proposes some improvements in the national accounts estimates at current prices, compatible with the present status of statistical information. Then, it analyzes the reconciliation between the UN and the Cameroonian National Accounting Systems. Finally, it proposes a methodology for preparing preliminary estimates and estimates at constant prices. Preliminary estimates at constant prices c;n be produced as early as sevenL months after the end of a fiscal year, ad could be used by the Plan and various government agencies to assess the recent performance of the economy in real terms. For example, preliminary estimates have been calculated in Yaounde for 1969/70, and estimates at constant prices for 1964/65 to 1968/69 have been prepared in the Socio Economic Data Division of the IBRD. The re- sults of this work, such as the worksheets prepared for their elaboration and some recommendations on price statistics and balance of payments statis- tics, are given in the Annex. 1/ Anglareb, P., La Consommation des Menages au Cameroun en 1964/65, 1968. Hill, T.C., The Measurement of Real Product, 1971. I. SOME IMPROVEMENTS TO THE NATIONAL ACCOUNTS ESTIMATES AT CURRENT PRICES A. The Price of Cocoa and Coffee 1. The Government guarantees a campaign price to the producers of coffee and cocoa. The adjustment between this price and the export price is made through Caisses de Stabilisation des Prix. The difference between the guaranteed price and the world market price is (i) trade margins and transport, paid by the Caisses de Stabilisation and (ii) an indirect tax or subsidy levied by these Caisses. 2. Since the world prices of cocoa and coffee have gone up more than the guaranteed prices, the Caisses have levied a large indirect tax on the producers during the last few years. 3. In the present national accounts estimates, production of cocoa and coffee is valued at the price guaranteed to the producer, and the difference between this price and the world market price is attributed to the trade margin. The producer price basis underestimates value added by agriculture and overestimates value added by trade, and does not conform with UN recommendations. 1/ 4. In the case of Arabica, the producers are all members of a cooperative which distributes dividends at the end of the year. These dividends are now treated as a trade margin in the national accounts estimates. 5. Production of cocoa, and Arabica and Robusta coffee, should be valued at market prices at the producer's level; that is, world market prices less trade margins of the Caisses de Stabilisation. 2/ B. Production of Coffee and Sweet Bananas 6. The national accounts estimates of Arabica and Robusta production differ from the estimates provided by the Direction des Produits de Base and the Caisses de Stabilisation. These latter estimates have been used for preparing the estimates at constant prices, and the National Accounts Division should use them to revise its present estimates. 7. In the present national accounts estimates, the production of non-exported and commercialized sweet bananas grows from about 6,000 tons in 1966/67 to 26,000 tons in 1968/69. This inconsistency has been corrected 1/ 0 * cit. 2/ Table 6. -4- by assuming that this production increased as did urban population from 1966/67. This makes consistent the estimates of production and exports of sweet bananas for 1965/66-1970/71. 8. The National Accounts Division should revise its present estimates of sweet banana production. C. Inputs in Agriculture 9. At present, the inputs of agricultural proeuction are estimated only for the modern agricultural plantations, such as CDC or SOPAME. The National Accounts Division should study the different categories of inputs per ha of production of the main crops. This study could be based on in- formation collected from the modern plantations and from the Services de 1'Agriculture for traditional plantations. D. Value Added in the Traditional Economy 10. Statistics on traditional economy are very rough estimates. They are based on the household consumption surveys which have been carried out on parts of the country between 1956 and 1965, and on a few specific surveys such as the survey carried out by SEDES on the commercialization of agricul- tural products in 1965. In some cases value added has been estimated for one fiscal year and is inflated afterwards by a quantity index such as the growth rate of the population, the number of households or the number of workers in a branch of the economy. The results of the 1964 demographic surveys are used to estimate these indexea. This is the case for consumption of firewood, construction by small private entrepreneurs, and traditional manufacturing. 11. These estimates are at constant prices of various years, and therefore are undervalued. The National Accounts Division should estimate these price increases and consistently inflate the present estimates. The National Accounts Division should also revise its estimates of the produc- tion of non-exported sweet bananas. Its growth from six thousand tons in 1965/66 to 45 thousand tons in 1968/69 seems exaggerated. E. Financial Accounts 12. For FY66, the national accounts estimates included an analysis of the financial transactions of the country 1/. This analysis was discontinued 1/ Arthipoff, deg, Lee Operations du Tresor Camerounais pendant la gestion 1965/66, 1968. Arthipott Oleg, Les Circuits financiers au Cameroun en 1965/66, 1968. 5 afterwards. The present analysis of financial operations is inadequate. Savings are obtained as a residual and their mobilization and redistribu- tion through the Banking system is not analyzed. In the public sector the current budgetary transactions of the administrations are analyzed in great detail but the financial operations are not estimated. 13. Capital formation is estimated from the budgets of the various administrations and from the accounts of the public enterprises. It does not include capital formation financed from the special accounts of the Treasury. Although this amount of capital formation was small in the previous years, it went up to CFAF 0.44 billion in 1968/69, CFAF 0.36 bil- lion in 1969/70, and CFAF 2.94 billion in 1970/71, only for the two more important accounts 1/. 14. This situation can be corrected in two ways. (1) Analysis of the Treasury Accounts The accounts of the Treasury reflect all the financial operations of the public sector. These accounts are prepared with the help of a computer since 1967. The Treasury issues periodical situations of each of these accounts. It prepares periodical balance sheets describing the implementation of the "Loi de Finances" and the changes in liquid assets of the Treasury. These balance sheets provide comprehensive estimates of the financial transactions in the public sector. In terms of operations, they are more accurate than the budgets of the Loi de Finance, since they register the transactions carried out in the extra budgetary accounts and in the special accounts of the Treasury 2/. The Statistical Office should include the balance sheets of the Treasury in its current national accounts estimates. The set of tables included in the study carried out in the Statistical Office 3/ constitutes a good basis on which to prepare yearly estimates. The Statistical Office should explore the possibility of obtaining some of these tables directly as computer printouts. (2) Table of Financial Operations The financial operations of Cameroon can be summarized in a "Tableau d'operations financieres" (TOF). 1/ Special accounts 211-13 and 415-38. 2/ Table 15. 3/ Arkhipoff, Oleg, Les Operations du Tresor Camerounais. -6- This TOF has been prepared in Cameroon only for 1965/66 1/. It is very similar to the tables on financial transactionu proposed in the new SNA 2/. It describes the changes in financial assets and liabilities for the transactors of the economy described in the national accounts 3/. The preparation of a TOF is more complex than the preparation of the Treasury accounts. It is the result of a thorough analysis of the accounts of the financial institutions (such as the Central Bank, the PTT, and the Commercial Banks) and of the recorded financial operations (such as the credits to the economy, the saving accounts and the issuing of bonds, certificates and shares). These financial statistics can be obtained with regularity and are more accurate than most other statistics. The Statistical Office should give priority to the preparation of these TOF reports. The 1968 study for FY65 is a good basis for this task 1/. 1/ Arkhipoff, Oleg, Les Circuits financiers an Cameroun. 2/ United Nations, A System of National Accounts, Studies in Methods, St/Stat/Ser F/Rev 3. 3/ Table 16. -7- II. RECONCILIATION BETWEEN THE CAMEROONIAN AND THE UN NATIONAL ACCOUNTING SYSTEMS 15. The reconciliation between the two systems has been prepared for 1968/69 1/. A. Priority in the Preparation of the Tables 16. The new SNA manual emphasizes the duality of the economy in devel- oping countries, the effects of this duality on the quality of the statistics, and, as a consequence, the desirability of separating the subsistence and modern sector in the tables. 17. Cameroon is such a case. Value added at current prices in the modern sector grew at 11.4 percent in 1968/69. It represents about 51 per- cent of value added in the economy and is based on the accounts of the gov- ernment and enterprises included in the annual census. It is fairly reliable. 18. Most of the subsistence sector is traditional agriculture and trade. Value added in traditional agriculture is based on the production statistics of the Direction de l'Agriculture. These statistics are obtained for each product from the annual reports of the agricultural districts on production, yield, and surface cropped. This information is approximate. The National Accounts Division improves these estimates from other sources of information, such as a study of household consumption 2/, the 1965 study of the commercia- lization of agricultural products, the rainfall level during the year in question, and regional population growth rates. The result is a series of production statistics which look reasonable, and are, in some cases, drasti- cally different from those of Direction de l'Agriculture 3/. For example, the National Accounts estimates show an increase of 10 percent in the volume of millet and sorghum produced between 1964/65 and 1968/69, against a decrease of 53 percent for Direction de l'Agriculture statistics. 19. Value added in traditional trade is obtained by comparing retail and producer prices. The complexity of the distribution system in developing economies makes the level of "retail sale" very difficult to grasp, and price collection is still inadequate in Cameroon. Therefore, these trade margins are subject to large errors. 1/ Table 5. For a study of the reconciliation, cf documents 2 and 3 of the Bibliography. 2/ Arglaret, P., La consommation des menages au Cameroun. 3/ Direction de l'Agriculture publishes their own statistics reluctantly and with a strong warning about their accuracy. -8- 20. Estimates of the overall growth rates for the economy can be mis- leading when about 50 percent of this economy is subject to large measure- ment errors. 21. The national accounts tables will provide more useful information if they are divided as often as possible into subsistence and modern economy categories. In the modern economy it will be useful to single out the public sector where the Plan and the Government can measure their contribution to development. The national accounts estimates of Cameroon are calculated in enough detail to make possible this suggested presentation. B. Evaluation of Changes in Stocks 22. An estimate of these changes in stocks for 1968/69 amounts to about 8.6 billion CFA, or 27 percent of fixed investment. When taking them into account, the ratio of investment to GDP increases from 13 percent to 17 percent. 23. Because of the size of this aggregate, an effort should be made to: 1) Collect information on the stocks of merchandise in the annual industrial census, broken down into stocks of raw materials, imported final goods, works in progress and locally produced goods. 2) Obtain information on growth of livestock herds and its rate of utilization. The results of an AID sample survey should be available early in 1972. They will update the results of the Lacrouts and Sarniguet survey which was carried out in 1965. 3) Obtain information on the stocks of coffee in Douala ware- houses. C. Estimate of Value Added by Government 24. The new SNA makes clear that non-profit institutions serving enter- prises, such as Chambers of Commerce, should not be in government, but in enterprises, and that foreign administrations should be excluded; the sala- ries they pay to Cameroonians become a factor payments inflow for the country. The position to be taken concerning salaries paid to technical assistance is less well defined. If technical assistants are considered residents, their work is part of both the domestic and the national product. If they are con- sidered non-residents, it is part of the domestic product only. -9- 25. In both cases, to avoid a decrease in GDP when a rational counter- part replaces a technical assistant, salaries paid to technical assistants should be valued at the level of the national counterpart's salaries. The difference between these "shadow" salaries and the salaries actually paid to technical assistance is a public transfer. D. Definition of Value Added by Insurance and Banking 26. In Cameroon, enterprises dealing with insurance are mostly brokers, and their output is made up of commissions on the insurance contracts under- written by foreign insurance companies. Commercial banks earn substantial commissions and agios for the handling of private accounts. 27. As a consequence, value added by the aggregated branch "Banking, Insurance, and Real Estate" can be taken as the difference between sales and input, as for non-financial enterprises. 28. However, for some banking institutions, such as the Central Bank, this type of calculation gives a negative result. Moreover, the charges for service of the financial institutions account for a small proportion of their income. 29. Therefore, it seems preferable to follow the UN recommendations, and add an mputed service charge to the charges actually paid. This service charge is equated with the excess of property income on loans and investments made over interest paid. It is to be considered as intermediate consumption of industries 1/. The value of GDP is not inflated by this procedure, and value added by each financial institution turns out positive. E. Classification of Value Added by Branch of Origin 30. In agreement with the SNA classifications, firewood should be classified with agriculture, and telecommunications with transport. F. Implementation of the New SNA in Cameroon 31. It should be undertaken step by step, and should not become the main assignment of the National Accounts Division. The National Accounts Division is presently staffed with very few professionals who have to produce yearly estimates at current prices and preliminary estimates and estimates at constant prices. As long as basic statistics on prices and the 1/ United Nationa, A System of National Accounts, Paragraphs 6.32-6.35. - 10 - subsistence economy have not improved, it would be of little use to try to integrate the present information into a more sophisticated framework. Greater effort in preparing financial accounts would be more useful. III. METHODOLOGY FOR PREPARING PRELIMINARY ESTIMATES AND ESTIMATES AT CONSTANT PRICES 1/ 32. The present national estimates at current prices are prepared with a delay of one-and-a-half to two years after the end of the fiscal year. The main bottlenecks are in the collection and manual processing of the ques- tionnaires of the annual census on modern enterprises. 33. The methodologies for preliminary estimates and for estimates at constant prices have been grouped because, in many cases, information on the level of activity of a branch of the economy is available early enough to be used in preliminary estimates. For this exercise, the economy has been divided into fields with which a price index or an indicator Lt constant prices could be associated. A list of the indicators used in each case and the proposed improvements is given in Table 3. A. Value Added by Agriculture, Livestock, Hunting, and Fishing 34. Information on the quantity of agricultural output can be used to prepare a volume index of agricultural output. For the main cash crops, the quantity of i'nputs used during the year, such as fertilizer, insecticide and seeds should be estimated. Then, a volume index of value added could be calculated by the double deflation method. This method is needed in agri- culture more than in other branches because the prices of inputs and outputs do not usually vary proportionally. 35. The preliminary estimates and the estimates at current and constant prices suffer from the same defects and are heavily influenced by inadequate statistics on non-cash crop production. The agricultural survey which will be made in 1972 will be followed by the organization of a permanent system of registration within the next five years. This will improve the quality of the data, but it is doubtful that production of non-cash crops can be adequately registered. 36. The Direction de l'Elevage, Direction de la Peche, and Direction des Forets provide estimates of the volume of livestock, fishing, and forestry outputs. Livestock data are vaccination statistics. They should improve when the results of an AID sample survey become available. Non- marketed fishing is probably underestimated, although estimates of fish con- sumption are consistent with the results of the household consumption surveys 2/. 1/ Table 4. 21 Anglaret, P., La Consommation des Menages au Cameroun. - 11 - B. Mining 37. Mining is a new activity in Cameroon and consists mostly of pros- pection to find petroleum and study the bauxite deposits. When production begins, indexes of output in volume will have to be prepared. In the mean- while, the use of a retail price index for deflating value added is ac- ceptable. C. Manufacturing 38. (1) The Statistical Office is preparing an index of modern industrial production. It will be a chain index, based on the documents called TD or TIP 1/. All enterprises resident in Cameroon which sell part of their produc- tion in another country of UDEAC submit to customs these documents on their sales inside the country (TIP) or on their exports to UDEAC (TU) every ten days. Quantity and value of each item are listed. The Statistical Office is preparing a sample of enterprises and goods from which it will calculate a monthly industrial pro- duction index. Very few big enterprises are not part of this reporting system, and their production can be easily estimated (ALUCAM for instance). Value added at constant prices in modern manufacturing should be derived from this index of industrial production. It should be calculated branch by branch, following the CITICAM classification of enterprises. The GICAM 2/ publishes monthly statistics on the turnover and employment of its members. A study by the Plan shows that the ratio of the aggregated GICAM turnover to total turnover of enterprises reporting in the annual industrial census is almost constant in each branch of the manufactur- ing sector, and is about 53 percent for the whole modern manufacturing sector. GICAM statistics are available after a two-to-three month delay, and can be used as a preliminary estimate of the level of activity at current prices in each branch 3/. The industrial production index, available after a similar delay, will provide estimates of industrial pro- duction at constant prices and will be available for prepar- ing the preliminary estimates. 1/ Taxe unique and taxe interieure a la production. 2/ Groupement interprofessionnel pour 1'etude et la coordination des interets economiques au Cameroun. 3/ Table 13. - 12 - (2) Value added in traditional manufacturing is based on data provided by the household consumption surveys 1/. Production of traditional manufacturing consists of preparation of textiles, drinks, meat, palm oil, foufou, and other local foodstuffs. The 1964/65 value added is kept almosc constant each year, ani seems to be evaluated at constant prices. Better estimates could only be obtained through household consumption surveys. D. Construction 39. Value added at current prices for construction by modern enterprises is obtained in the annual census. It should be deflated by an index of con- struction wages. 40. In the traditional sector, value added at current prices is cal- culated by multiplying the average value added per worker by the number of workers registered in the Syndicat des Tacherons. Since this average value added is not changed over the years, it is in effect in constant prices. Self-built construction by households is not estimated. 41. A preliminary estimate of value added in construction can be attempted by elaborating a volume index of the inputs in construction and by assuming a constant relation between input and output. However, this me- thodology may give large biases because of the importance of works in progress and because of the possible changes in the types of construction over the years. An improved methodology will consist of estimating separately the value added in construction of public works from the accounts of the gov- ernment. Value added in other construction will be estimated from the results of a small annual sample survey of construction enterprises. This survey will assess the trend in housing construction for the latest fiscal year. The cor- responding estimates will be at current prices, and will be deflated by an index of construction wages. An alternative will consist of working on the construction permits by region and evaluating the percentages of underdeclara- tion for a given year. E. Electricity, Gas, Water, and Firewood 42. Value added by electricity, gas and water will be calculated at constant prices using indexes of the amounts of each which were sold. These indexes are available vith short delays and can be used for preliminary estimates. 1/ Anglaret, P., La Consommation des Menages au Cameroun. -13- 43. Firewood value added at current prices is estimated by multiplying an average consumption per household by the number of households for both the urban and rural areas. The average consumption has not been changed since 1964/65; therefore, value added is at constant prices. In agreement with the UN classifications, value added by firewood will be classified in the primary sector. F. Transport 44. Value added at constant prices will be calculated for each means of transport by using an index of the amount of goods transported. These esti- mates can be available in time for their use in preliminary estimates. G. Trade 45. Trade margins for each category of goods are estimated by finding the difference between retail and producer prices. They will be estimated at constant prices by assuming that the ratio of trade margins to the value of production is the same at constant and current prices. These estimates will include a breakdown between imported and local products. 46. The ratio between the value added by trade and trade margins will also be assumed to be constant. 47. To make preliminary estimates of value added by trade, the trade margins ratios of the previous year will be applied to the preliminary estimates of imports and production at constant prices. H. Banking and Insurance 48. Value added at constant prices for banking can be calculated from an index of the number of transactions of commercial banks. Value added by insurance at constant prices can be calculated from an index of the number of contracts signed by these companies. Information for these indexes can be obtained from the banks and insurance companies. 49. Without these indexes and because of value added in this sector is a small share of GDP, value added at constant prices will be obtained by deflating the current value by the consumer price index in Douala. - 14 - I. Government Services 50. Value added at constant prices by the government will be calculated from an index of government employment. For East Cameroon and the Federal Government, the information necessary to calculate this index could be pro- vided by the computerized wage payment system. It consists of the number of employees and the wages paid for each category of employees (A, B, C, D auxiliaries and daily paid personnel, Armed Forces, and other employees). A volume index of employment by the West Cameroon Government and the communes will be calculated by hand from budgetary documents. J. Other Services 51. Value added by telecommunications will be classified into transport and communications, in agreement with the UN classification. Value added at constant prices will be calculated using a volume index of postal freight and communication. Preliminary estimates of value added can be obtained from the Post Office statistics on sales listed categories. An alternative method would be to deflate the current value by an index of government wage rate. 52. Value added at current prices of the other services will be deflated by the consumer price Index in Douala. 53. No information can be available in time for preliminary estimates of value added by services. It appears that value added by services has been a constant proportion of GDP in the last five years. A preliminary estimate will be obtained by using the ratio of value added by services/GDP of the pre- vious year. K. Imports and Exports of Goods and Non-Factor Services 54. Imports and exports at current prices will be deflated by their corresponding price Indexes. Detailed price indexes of imports and exports of goods in the Plan have been made by hand for 1967/68 and 1970/71. The basis of these indexes is the values and quantities registered in the custom declarations. An exception has to be made for tobacco and bananas, for which custom values have to be corrected, because declarations register "valeurs mercuriales". 55. Statistics on import and export of non-factor services are not included in the present national account estimates because of lack of balance of payments statistics. - 15 - L. Investment 56. Fixed investment in machinery and equipment will be deflated by a price index of imported equipment goods. 57. Fixed investment in modern construction will be deflated by an index of construction wages. Fixed investment in traditional construction is al- ready at constant prices. 58. When changes in stocks of manufactured goods, coffee, and livestock are estimated, they should be calculated at constant prices by using respec- tively a price index of manufactured goods obtained from the indexes of industrial production, a quantity index of the changes in livestock herd, and a quantity index of the changes in stock of coffee. 59. Preliminary estimates of investment in construction are derived from the estimate of value added in construction. Preliminary estimates of investment in machinery and equipment will be obtained by using import statistics at constant prices and by assuming that the markup on imports remains the same as that of the previous year. M. Government Consumption 60. Government consumption is the consumption of goods and services and the consumption of its own production as measured by the wages paid to Gov- ernment employees. The latter part will be calculated by using an index of employment by the Government. The former will be deflated by the consumer price of non-food goods in Douala. An improvement in calculating con- sumption of goods and services would be to use a price index of goods con- sumed by the Government. Such an index would be based on prices collected in Yaounde, and on an analysis of the weights to be given to the items of the index. N. Private Consumption 61. Private consumption is a residual at current prices. It will remain a residual at constant prices, being the difference between the resources at constant prices and the other uses of resources, i.e. exports, government consumption, and investment. The comparison of the estimates of private consumption at constant and current prices will provide an implicit price index of consumption in the country. However, this index has to be analyzed cautiously, because of its residual character. · 넣 ) & , , ) 뉴 *& 기 . H 傘 蝦 쐬 & ∼ ㅔ 섞쮜 닢 눔 샅 군 珊 & 뺍헤 尸 & 騙 치 && 』 』 . → ? ∼ 』 ∼ , BIBLIOGRAPHY Anglaret, P. La Consommation des Menages au Cameroun en 1964/65, (Yaounde: Direction de la Statistique, 1968) Arkhipoff, Oleg. Les Operations du Tresor Camerounais Pendant Is Gestion, 1965/66, Etude Speciale No I (Yaounde: Statistical Office, 1968) Les Circuits Financiers au Cameroun en 1965/66, Etude Speciale No 2 (Yaounde: Statistical Office, 1968) Baroung, Joseph, Problemes Poses par I'Application du SCN Revise dans lea Pays en voie de Developpement, (The Hague: Institute of Social Studies, 1971) Direction de la Statistique, Ministere du Plan, C2Utes Nationaux du Cameroun, 1964/65, 1965/66, 1966/67, 1967/68 and 1968/65'- Yaounde. Franchet, Yves. Differences between the French and the UN National Accounting Systems, Working Paper No 82 (Washington, D.C.: Economics Department, 1970) Hill, T. P. The Measurement of Real Product, (Paris: OECD, 1971) Stone, Richard, Quantum and Price Indexes in National Accounts, (Paris: OEEC, 1956) United Nations, A System of National Accounts, Studies in Methods, ST/Stat/Ser F/Rev (New York: Department of Economic and Social Affairs, 1968) E.C.A., National Accounting Practices at Constant Prices in Africa, (Addis-Abeba: U.N., 1966) 녜．／숩．...｀磅．.．。ㅏ，,，썸솎．ㅏ，，。」．，」，。少｀，군＊.，。．．ㅢ겯，쨍연｀。섭（,，맬댜枓。：《窄，,,..,．》‘..，』。，즌，:,*&&.,,,,...,- Annex 1 BALANCE OF PAYMENTS STATISTICS The first comprehensive balance of payments statistics are for 1968. Before that date, balance of payments statistics concerned only the transactions by East Cameroon with countries outside the Fiench Franc zone. These statistics were compiled from exchange control data. The Exchange Office prepares the present balance of payments sta- tistics in cooperation with the Central Bank. These statistics are inade- quate in many respects. The Central Bank collects information from the Banks and the pri- vate enterprises, classifies it, and sends the results of its preparatory work to the Exchange Office. The classifications used by the Central Bank are not adequate. Operations such as payments of interest on foreign debt, other factor payments, and short-term capital movements, are impossible to identify. The delays in preparation of the balance of payments statistics are exaggerated. In November 1970, estimates for 1969 were not available. If the present system of centralization through the Central Bank is to be maintained, adequate classifications should replace the present ones. The 134F classifications as described in the latest Balance of Pay- ments Manual could be used as a model 1/. The unit in charge of preparing the balance of payments statistics sho7ld be staffed with more and better trained people. Sending a statistician to the IMF balance of payments course was a good step in this direction. This unit should be given the authority of discussing with the Central Bank on problems of classification and information. Since the fiscal year is the basis of public finance statistics, of the national accounts estimates, and of the Plan preparation, balance of payments estimates should be also prepared for each fiscal year. 1/ Balance of Payments Manual, IMF, 3rd Edition (1961).  Annex 2 Page 1 PRICE STATISTICS The Statistical Office collects retail prices in the main cities of the Republic. It publishes information on the retail prices of Douala, Yaounde, and Victoria, and on the wholesale prices of Douala and Yaounde. It prepares several price indexes: (a) A consumer price index for the non-Cameroonian population. This index is prepared for Yaounde, Douala, and Victoria. For the two former cities, the weights and the sampling of the items included in the index are based on a 1965 consumer expenditure survey of this population carried out in Yaounde. Figures for Victoria are based on a 1965 survey carried out in Victoria. (b) A consumer price index for middle income Cameroonians in Yaounde. This index is based on a 1968 consumer expenditure survey of the Centre-Sud area. Although these indexes were not studied in detail, the consumer price in Douala seems to be the most accurate. In Yaounde, the prices of manufactured goods are collected through a mail survey. As a result, most of the prices of imported manufactured goods appear higher in Douala than in Yaounde; this is highly improbable. The absence of other price indexes prevented the Statistical Office from preparing national accounts estimates at constant prices. However, enough information on quantities and prices is available to prepare further price indexes, as was shown in the present study. The price indexes which can be calculated with the present infor- mation are: (1) Price index of agricultural production, broken down into cash crops, food crops, and other. (2) Index of wage rates in construction. (3) Price index of electricity. (4) Price index of exports, broken down into agricultural exports and other exports. (5) Price index of imports, broken down into imports of equipment goods and other imports. Annex 2 Page 2 These indexes should be calculated systematically for each fiscal year and could be included in the publications of the Statistical Office. The export and import price indexes should be a marginal output of the computerized custom statistics. In the case of exports, changes in the index for corrections of the "valeurs mercuriales" of tea and bananas would be done by hand. The sample of products to be included in the import price index should be chosen very carefully because the specifications of imported products change very frequently from one year to another. The calculation of a terms of trade index would be a useful by-product of this work. Other price indexes need to be calculated for obtaining national accounts at constant prices. They are namely: (1) Price index of manufactured goods locally produced. This index can be obtained directly from the processing of the index of output in manufacturing. (2) Index of Government wage rates. Information for this index consists of total wages and number of employees paid for each category of personnel employed by the Government. It could be a marginal output of the computerized public finance statistics (Federal and East Cameroon Budgets). (3) Price index of Government consumption in goods and services. The national accounts estimates include an analysis of Gov- ernment consumption which could be used for the preparation of a price index of this aggregate. Annex 3 TABLES Table: 1. GDP by Industrial Origin at Constant Market Prices 1964/65-1969/70 2. GDP by Industrial Origin at Current Market Prices 1964/65-1969/70 3. Expenditure on GDP, at Current and Constant Prices 1964/65-1969/70 4. Methodology of Preliminary Estimates and of Estimates at Constant Prices 5. Reconciliation Between the UN and the Cameroonian National Account- ing Systems 6. Producer Price of Cocoa and Coffee 7. Quantity Index of Agricultural Production 8. Price Index of Agricultural Production 9. Value Added at Constant Prices - Worksheet 10. Expenditure on GDP at Constant Prices - Worksheet 11. Employment in Government - Worksheet 12. Quantity Index of Road Transport - Worksheet 13. Preliminary Estimates of Turnover in Modern Manufacturing - Worksheet 14. Margin Rates - Worksheet 15. Balance Sheet of the Treasury 16. Tableau des operations financieres, 1965/66 17. Value added by government. 個 Table 1: GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN AT CONSTANT MARKET PRICES 1964/65-1969/70 (in billion 1966/67 CFA) 1964/65 1965/66 1966/67 1967/68 1968/69 1969/70 P/ Agriculture 67.8 79.4 77.7 85.1 91.8 101.4 Mining 0.3 0.3 0.3 o.4 o.4 o.4 Manufacturing 19.2 19.5 20.8 23.5 24.2 27.1 Construction 10.8 11.9 12.0 13.9 13.9 14.6 Public Utilities 2.3 2.2 2.1 2.2 2.2 2.4 Banking, Insurance, Real Estate 1.0 1.0 1.0 1.1 1.1 1.0 Trauisport and Tele- communications 11.9 12.6 13.6 15.6 17.6 19.9 Trade 38.6 38.2 38.7 39.9 39.6 42.9 Goverrment Services 19.6 19.9 20.6 21.9 23.3 25.8 Other Services 6.8 6.9 7.4 7.6 8.3 8.6 GDP 178.3 191.9 194.2 2il.2 222.4 243.1 l/ Includes coff9e processing and firewood. Preliminary estimate. Source: IBRD. Table 2: GRDSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN AT CURRENT MARKET PRICES 1964/65-1969/70 (in billion current CFA) 1964/65 1965/66 1966/67 1967/68 1968/69 1969/70 P/ Agriculture 1/ 65.3 68.5 77.7 91.5 104.0 126.9 Mining 0.3 0.3 0.3 0.4 o.4 0.4 Manufacturing 17.8 18.6 20.8 23.4 25.9 29.8 Construction 10.8 11.9 12.0 14.1 14.3 15.9 Public Utilities 1.7 1.8 2.1 2.3 2.8 3.1 Banking, Insurance, Real Estate 0.9 0.9 1.0 1.1 1.1 1.2 Transport and Tele- communications -1.4 12 .6 13.6 15.1 a6-6 21.1 Trade 33.6 35.2 38.7 41.3 43.9 47.2 Government Services 17.3 18.0 20.6 22.1 23.3 25.6 Other Services 6.2 6.6 7 .4 7 .7 8 .5 9.8 GDP 165.3 174.4 194.2 219-0 240.8 281.0 Modern Sector 79.0 82. 97.0 108.8 122.1 Traditional Sec. 87.9 91.5 97.2 110.2 119.7 Public Sector n.a. n.a. 30.0 32.9 36.7 Note: n.a. = not available. 1 Includes coffee processing and firewood. P/ Preliminary estimate. Source: National Accoun'cs and IBRD. Table 3: EXPENDITURE ON GDP (In Billion CFA) 1964/65 1965/66 1966/67 1967/68 1968/69 1969/70 At current prices Consrmption Public (26.0) (28.1) (30.9) (34.7) (37.5) (40.7) Private (113.3) (121.0) (133.1) (153.4) (168.7) (191.7) Total 139.3 149.2 164.0 188.1 206.2 232.4 Investment Machinery and equipment (8.2) (8.0) (12.7) (15.3) (11.7) (17.8) Construction (16.8) (19.9) (19.0) (19.3) (20.4) (25.5) Changes in stocks (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) Total 25.0 27.9 31.7 34.6 32.1 43.3 Exports of goods and nf services/1 38.4 34.9 36.5 44.5 52.0 66.2 Imports of goods and nf services7l 37.4 37.5 38.0 48.2 49.5 60.9 GDP, market prices 165.3 174.4 194.2 . 219.0 240.8 281.0 At 1966/67 prices Consumption Public (29.1) (30.4) (30.9) (34.3) (37.1) (o.o) Private (124.0) (133.9) (133.1) (152.2) (160.2) (175.2) Total 153.1 164.3 164.0 186.5 197.3 215.2 investment Machinery and equipment (8.4) (8.1) (12.7) (15.5) (11.3) (14.9) Construction (16.6) (19.9) (19.0) (19.0) (19.6) (20.2) Changes in stocks (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) Total 25.0 28.0 31.7 34.5 30.9 35.1 Exports of goods and nf services 38.7 37.4 36.5 38.8 42.9 47.2 Imports of goods and nf services 38.5 37.8 38.0 48.6 48.7 54.4 GDP, market prices 178.3 191.9 194.2 211.2 222.4 243.1 Note: n.a. - not available. 1/ Services not estimated. Source: National Accounts and IBRD Estimates. u.s , -e- a s,-sv5 a p - ra.to vd a. a 1."' -- Mr -4 n n ..,.s u - Table li: HPfl AT f OF I.TINTNARf WITPTATE3 AND MWIMATVS AT CONSTANT PRIIC Page 1 Sourres of Information 9 of Value Reltability tiatlestes at Constant Prices Preliminary Estimates at Added in Conatar.t frices 1066'67 I. Value Added by Industrial Org, A. Ariculture, Livestock, ntin trModern Sectors Annual industrial 3.7 Good 2/ census. Traditional Sectors 35.9 tow Fishin ! quantity index of the catch. Quantities: infornations from tiyz alruay at constant prices. the specialised government Idver-ocks quantity index of livestock. 1gencies (Directions de la rFeO:v: quantity index of exported wood. peche, des forets, de l'elevale. Fheu: od: already at constant prices. Prices: price collection in - heroraculture: quantity irte. of various areas. pr:duction for main cash crops and Information from consumption food crops. surveys on parts of the kroe.nt: carry out a survey on country carried out between . inputs in agriculture. Use the 1956 and 1961 (cf document double deflation method for cal- 5 of the bibliography). calating value aded. foreign trade statistics. IMroveents: estimte changes In stockof livestock and coffee. Correct the pricing of cocoa and coffee. Use correct prices for 'be traditional sector. B. Mining Annual industrial census. 0.1 Good Dflation by consumer price index in Iuala. Improvere nt: quantity index of production when production begins #novresearch no,). C. lanufacturing Modern Sector: Annual industrial 7.5 Good 2/ Modern Sector: index of indus- Index of industrial produc- census, trial production when tion. GICAM statistics on Foreign trade statistics. available. turnover by branch, deflated Traditional Sector: Information very low In the meanwhile, deflation by a price index of locally gathered from consumption by a consumer price index manufactured goods in Douala. seurveye and guess-projected. for locally manufactured Improvement: carry out limited goods in Douala (rewelghing surveys on the traditional of the consumer price index sector (prices, quantities). items). Traditional Sector: already at constant, pricen. D. Construction Modern Sector: Annual industrial 2.2' Good y Modern Sector: deflate with Modern Sector: prepare'a census, an index of wage rate in quantity index of inputs Traditional Sector: Number of .3.9 Low construction. in constructio, (cement, workers registered and estimate iron bars and sheets, of an average vAlue added per structure). worker from inormtion of their Improvement: Use construction professional organi,ation. permits or small sample Improvementt Use of the consruc- * surveys amongst contractors, tion permits. Change each year and estimate public construc- the average value added pcr tion from the accounts of worker in the traditional * the government. sector. Traditional Sector: already at constant prices. & Electricity, Water Annual industrial census. 1.1 Good Electri:ity: quantity index of eleccricity produced. Water: quantity index of water prodiced. F. Transport and Comunicatons I) Air transport Annual industrial census. 0.4. Good Quantity index of freight and passengers. ii) Sea transport and Annual industrial census. 2.9 Good Quantity index of international harbor auxiliaries froight. iii) Bua transport Annual industrial census. 0.9 Good Quantity index of tock of busos, based on buses registration registrare. The average life of a bus is asuned to in 2 years. iv) Taxi transport Nuster of taxia registered and 0.5 Pair Index of the number of taxis. estimate of a daily value added. v) Road transport Anuual r1i'ndstrial census. 1.3 Fair / * Index of TxKr covered by the mi agric-altural products. vi) Iailveyn Annual Indsrial censsi. 0.9 Good Index of TxKn covered by the fr-ight. vii) Coastal & river traffic Annual industrial cenaus. 0.2 Low k Index or freight transported. viii) Coamunications Governmnt statstics. 0.3 Good Piflation by consumer price Index of post office Index. OtAatsts on ela deflated by conmsumer price irniox or in-hx of wage rate in govern- mont. 5O foolnotes at end of table. Table 4: PrHiKDUilT OF PRL.DNA. FSTIATES AND ESTIMATES AT CONSTANT PRICES Page 2 Sources of Information % of Value Reliability Estimates at Constant Prices Preliminary Estirates at Added in Constant Prices 1966/67 0. Pnkin.Inurance Reel Estate Annual industrial census. o.5 Good Deflation by the consumer price index of Ibala. Ismorovement: i Banks: inde" of the number of operations carried out or of esiployment in the Barks. i) Insurance: index of the number of contracts signed or index of employment in the companies. Ii) Neal estates deflation by the index of rent rate. S. Trade Modern Sector: Annual indus- trial census. 13.0 Good 1) Estimate production and Apply last year's margin rates Traditional Sector: Differences imports at constant to the preliminary estimates between retail and wholesale prices. of production at constant prices. 6.7 lw 11) fe-evaluate trade margins prices and to imports at Improvement: Limited surveys on by aseuming that margin constant prices. margin rates and better price rates on Jiporta and collection. production remain the eane at constant and current prices. III) Assmae proportionality between trade margins and value added by trade. . Government Services Public finance statistics. 11.5 Good Index-of employment in goverrent. J. Other Services Annual industrial census. 3.8 low / Deflation by a coraumer price Assume a constant proportion index. to 01. 11. ExuendttAre on Gross Mratic Product, 1. Imports Goods: Custom statistics. Good Unit price index. NmIRactor services: not estimated. L. broora Goods: Custom statistics adjusted for "vlcurs mercuriales". 00od Unit price Index. Ron-factor services: 'not estimated. M. Investment Modern Sector: Annual industrial census. Good If Machi & qup-entr deflation Machinery & equiprent: index Traditional Sector: Value added ce of iorted of imported machincry & equip- by traditional construction. low machinery & eq,;Ipmcnt. Pont at constant prices. Construction: Construction: index of value I )modern sector - deflation added An construction at by index of wage rate constant prices. in construction 11) traditional sector - already at constant prices. N. Government Con,iition Public finance statistics. Good Salaries: Index of employment in governv!nt. Other cor4ntion: DIflation by a consumer price index or by the price ind-x of goverment con- wvmption when available - there are enough statistica to buLld one. Includinp coffee unshtel1inr. N,wiver, charm. In n-k have not yet ben accounted for. hirt it u r m t.-auno it does nnt account for road trar.apmrt rot registered by the Industrial census. Un t,r-esttmte I. Tht. traffic not rrrr,"rr1 in t w ndustrial cerav Is not. accounted for. / bnlr-catinte I. Servlces riot Incluied in the Anibantrial cenis are not accounted for. Source: 114D. Table 5: RECONCILIATION BETWL6N THE UN AND ThE CAMERCONIAN NATIONAL ACCOUNTINC SYSTE4S (in bil).ion CFA, fiscal year !968/1969) Cameroon UN Camerton UN System System System System Value Added by Industrial Origin Uses of Resources Agriculture 98.6 lo6.5 1/ GDP, market prices 243.7 249.4 Manufacturing and Mining 26.3 29.8 + Imports of goods and non-factor services (9.5 66.4 Construction 14.3 15.4 (of which services)6/ (NE) (16.9) Public Utilities 8.2 1/ 2.9 = Exports of goods & non-factor services 52.0 63.9 Transport and Communications 14.9 16.7 3/ (of which servicesjY (NE) (11.9) Banking, Insurance, Real Estate 1.1 3.1 2/ + Fixed investment 32.1 32.1 Government Services [/ 26.2 23.3 + Changes in stocks NE 8.6 Other Services 10.2 3/ 8.5 of which livestock (NE) (0.9) of which household services (2.2) (2.2) coffee (NE) (1.4) Trade 43.9 45.2 other agriculture (NE) (0.2) less service charge imputed to manufacturing (NE) (3.5) financial institutions - 2.0 2/ construction (NE) (1.1) transport (NE) (0.2) Gross Domestic Product, Market Prices 243.7 2 q. _ trade (NE) (1.3) less indirect taxes 5/ 48.2 plus subsidies 1.0 + Government Consumption 0.4 37.5 less factor payments 6/ 6.0 + Private Consumption 168.7 171.2 Gross National Product, Factor Cost 190.5 196.2 Notes: Both estimates include corrections for value added by cocoa, coffee, and trade (cf Table 6 ) changes in stocks estimates for coffee and livestock are preliminary. The herd has been assumed to increase by 60,000 heads of cattle per year, and the stocks of coffee in Douala are reported to have increased by 9,OOOT in 1968/1969. NE - Not Estimated. 1/ Includes firewood 2/ The service charge imputed to financial institutions, 2.0, is an intermediate consumption of enterprises 3/ Includes PTT E/ For the different concepts, of Table 17 9/ Includes indirect taxes levied by Caisses de Stabilisation 6/ IBRD preliminary estimates from incomplete balance of payments statistics provided by the Exchange Office. Source: IBRD. Table 6: MARKET PRICE OF COCOA AND COFFEE AT PRODUCER'S LEVEL (in CFA per kg) 1964/65 1965/66 1966/67 1967/68 1968/69 1969/70 1970/71 Cocoa Campaign Price 74 50 60 60 69 85 85 World Market Price in Douala 102 84 120 150 176 240 181 Market Price at Producer's Level 76 58 93 122 147 209 152 Robusta Campaign Price 115 100 100 115 115 117 117 World Market Price in Douala 149 137 157 166 156 186 231 Market Price at Producer's Level 129 118 137 146 136 165 209 Arabica Campaign Price 1/ 190 190 192 166 164 186 155 World Market Price in Douala 234 235 191 200 197 231 290 Market Price at Producer's Level 212 213 170 179 176 209 265 1/ Including dividends paid by the Producers' Cooperative. Notas: a) The Caisses de Stabilisation have to pay export taxes of 27.5% on the value of exports of coffee and cocoa. b) The difference between the world market price and the producer price is equal to the trade margin paid by the Caisses de Stabilisation. It includes differential transport costs, handling and warehouse costs, conditioning and other similar costs. Table 72 QUARIY Ilf= OF AGRICULTURAL PlDICTION - 1966/67*100 (1966-67-100, taspeyree ndex) 196W196 1965/1966 1966/1967 1967/1968 1968/1969 1969/1970 1970/1971 PC V Q Q V Q V Q V Q V A. Cash Crops 93 Cocoa 90,000 8,370 97,500 9, n68 94,958 8.831 90.256 8,394 107,224 9,972 117,115 10,892 122,105 11,356 170 Arabica 16,600 2,482 21,300 3,770 20,00 3.168 21,300 3.621 21,500 3,655 23,600 4,012 21,600 3,672 137 lAbusta 37,400 5,124 49,800 6,823 43,700 5,987 56.000 7,6 2 51,900 7,056 58,200 7,973 47,700 6,535 25 Groundnuta 80,100 2,003 83,400 2,085 96,250 2.406 139.900 3,498 171,000 4,275 177,728 4,.63 175,000 4,375 28 Cotton Seed uI,000 1,232 57,500 1,610 5,810 1,563 49,000 1,372 68,013 1,906 91,33. 2,557 38.350 1,073 8 Sveet Bananas 141,300 1,130 111,000 888 83,900 671 73,400 587 70,300 562 75,200 602 77,000 616 Total Value (A) 24.244 22,926 25,144 2741,79 27,627 Index (A) 88.7 105.7 100.0 109.7 119.6 132.9 120.5 D. Food crops 15 Millet, Sorghum 389,700 5,846 398,700 5,981 416,160 6,242 479,730 7,196 429,560 6,4b3 1,,o38 6,766 40,934 6,089 13 Maise 216,700 2,817 223,600 2,907 260,270 3,38 258,000 3,39 268,000 3,468 281,530 3,660 320,944 4,172 4 Cassava 692,000 2,768 710,000 2,840 634,000 2,536 668,000 2,672 701,00 2,006 715,428 2,862 786,971 3,148 7.2 Taro, Macabo 322,000 2,318 327,000 2.354 362,316 2,609 380,000 2,736 440,000 3,168 909,520 3,669 596,138 4,292 1 Tam 152,400 1,676 157,000 1,727 161,914 1,781 167,200 1,839 186,000 2,06 170,563 1,876 189,325 2,083 7 Plantain 813,00D 5,691 836,000 5,852 911,20 6,379 953.590 6,675 955,000 6,685 956,910 6,698 1,062,170 7,435 Total Value (B) 21.116 21.661 -.22 931 21-,%71 27,219 Index (B) 92.0 94.5 100.0 106.7 107. 111.3 118.6 C. Others .45 Fresh Fish 38,500E 1,732 39,8003 '1,791 41,000 1,845 43,830 1,972 46,786 2,105 52,146 2,347 5 ry ish 18,500E 833 19,16% . 862 20,000 900 22,000 990 23,000 1,035 23,700 1,067 15 cattle 167,776 2,517 177,500 2,663 210,800 3,162 213,300 3.200 210,000 3,150 235,OO 3,525 1.3 Sheep, Coate 450,000 585 710,000 923 1,106.000 1,435 1,210,0oo 1,573 1,260,000 1,638 1,312,000 1,706 6.2 Timber 475,000 2,965 510,000 3,162 612,286 3,796 62o,OO 3,86 780,000 4,836 907,030E 9,617E Total Value (C) 8.612 L 118 n.579 12,786 L?2 Index (C) 77.3 84.4 100.0 103.9 11.5 128.0 Total Value (A+B) 41,57 45,90 45,857 49,616 52,056 56,010 Total Value (A4B*C) 50,069 55,306 56,995 61,195 64,820 70,272 Index (A+B) 90.4 100.1 100.0 108.2 133.5 122.1 Index (A-B-C) 87.8 97.0 100.0 107. 113.7 123.3 Sources National Accounts and IBRD Estimates. Nota: On the basis of the draft report, the Statistical Office has prepared an index with a larger coverage of the sector. This index has not been taken into consideration in this sBtudy, because of lack of time and basis to assess the reliability of the new information it includes. Table 8 : PRICE INIE OF AGRICULTURAL PRODUCTMDN, 196h/65-1970/71 (1966/67*100, Paasche index) 1964-1965 1965-1966 1966-1967 1967-1968 1968-1969 1969-1970 1970-1971 Q V Q V Q V Q V Q V Q V Q V A. Cash Crops Cocoa 90,000 6,W60. 97,500 5.655 914958 8.831 90.256 11.011 107.224 15,762 117,115 2h,h77 122,105 18,560 Arabica 12,872 2,729 15,400 3.280 22.400 3,808 23,040 4,124 25,470 4,483 28,000 5,852 21,600 5,724 Robusta 37,400 4,825 42,210 4,970 44,533 6,101 51,765 7,558 56,000 7,616 58,200 9,603 47,700 9,969 Groundnuts 80,100 2,163 83,400 2,168 96,250 2,406 '139,900 3,358 171,000 3,933 177,728 4,087 175,000 4,025 Cotton Seed 44,000 1,232 57,500 1,610 55,810 1,563 49,000 1,372 68,013 2,176 91,334 2,923 38,350 1,227 Sweet Banana 128,000 1,024 91,000 728 83,872 671 83,400 667 87,900 703 91,700 734 93,000 74 Total Value (A) 18,83 1811 23,380 26 I7 40,299 Index (A) 94.3 84.1 100.0 112.6 120.2 152.0 145.0 B. Food Crops Millet, Sorghum 389,000 5,845 398,700 5,981 .16,160 6,242 479,730 7,676 429,560 6,873 451,038 7,668 605,934 7,3073 Maize 216,700 2,384 223,600 2,460 260,270 3,384 258,000 3,870 268,000 4,020 281,530 4,504 . 320,94 5,135Z Cassava 692,000 2.768 710,000 2,840 634,000 2.536 668,000 3,340 701,400 4.208 715,428 5,008 786,971 5,509E Taro, Macabo 322,000 1.288 327,000 2.289 362,316 .609 380,000 3,010 h40 000 3 520 509,520 ,9586 596,138 5,365E Yam 152,00 1.067 157.000 1,727 161.91h 1,781 167 200 2.006 186.000 2,232 170.563 2,047 189,325 2,272E Plantain 813,000 5.203 836.000 5,350 911,240 6,379 953.590 7.629 955.000 7,6ho 956.910 2,612 1,062,170 9,559E Total Value (B) 18,555 20,647 22-931 27,561 28,493 32,425 35,147 Index (B) 87.8 95.3 100.0 112.6 115,7 127.0 129.1 Total Value (A+B) 37,368 39,058 46,311 55,651 63,166 80,101 75,396 Index (A+B) 91.0 89.7 100.0 112.6 118.1 140.8 137.1 E: Estimates. Source: National Accounts and IBRD EstLmates. TOI-: VAIIN APED AT COITAll PICK. - WtSilIIJi (in Billion CrA) j* l 1964/15 1965/16 1906/07 19t7/W 1'6/69 1k4,A1o 1970/;1 Value Aided at current prieo Qantity Index of agricultural prwductio. 88.7 105.7 62.8 109.7 119.6 137.9 120.5 Value added at constant prices 5".7 66.4 02.8 b8.9 75.1 83.5 75.7 Firewood Value added at constant prices 4.5 4.7 4.8 5.2 5.4 5.4 5.4 Fishin Value aided at current prices 4Aantity Inldex of fash catch 76.3 102.9 113.5 113.8 127.7 Value added at constant prices 2.1 2.2 2.9 3.2 3.4 3.7 Fortstry Value added at current prtces 2.1 1.8 2.1 2.4 2.7 Index cf volune of rod exported 88.3 . 92.3 100.0 115.9 128.1 152.6 159.3 Value added at constant prices 1.8 1.9 2.1 2.4 2.6 3.1 3.3 Livestock Volume inde.L 67.5 78.0 104.3 106.3 105.5 113.8 Value added at constant pricesL2 2.9 3.4 4.3 4.6 4.5 4.9 Huting Value added at constant prices 0.8 0.8 0.8 0.8 0.8 0.8 0.8 Value added at current prices 0.3 0.5 0.3 0.4 0.4 Consumer price index in Douala (high income group) 91.2 95.9 100.0 101.3 103.1 106.3 1.9 Value added at constant prices 0.3 0.3 0.3 0.4 0.4 0.41 MufacturingA 1. Modern Value added at current prices 12.4 13.0 15.0 17.2 19.8 23.8' 26.3 Price index in Douala for local products con- sumed by the high income groupL 94.1 97.2 100.0 101.0 108.3 112.8 115.0 Value added at. constant prices 13.2 13.4 15.0 17.0 18.3 21.1 22.9 I. Traditional Value added at constant prices 6.0 6.2 5.8 6.5 5.9 6.0 6.1 Construction 1. Mbdern Value added at current prices 3.8 4.3 4.4 6.9 7.0 Index of salary rates in construction 99.7 100.0 100.0 102.8 106.4 109.0 Value added at constant prices 3.8 4.3 4.4 6.7 6.6 11. Traditio.al Value added at constant prices 7.0 7.6 7.6 7.2 7.3 111. Total Value added at constant prices 10.8 11.9 12.0 13.9 13.9 14.6 15.3 .rIAIr transport Value added at current prices 0.63 0.82 0.91 1.17 Index of air freight 75.6 79.4 100.0 112.0 123.6 144.8 165.6 7alue added at constant prices 0.62 0.65 0.82 0.92 1.01 1.19 1.36 i1. Sea trasport and harbour auxiliaries Value added at current prices * 4.51 4.97 5.72 5.51 Index of internaticnal freIght 91.7 92.7 100.0 120.3 128.6 139.2 133.7 Value added at constant prices 4.56 4.61 4.97 5.98 6.39 6.92 6.64 ill. las tran.port Value added at current prices 1.41 1.55 1.68 1.84 :mmatr-culatlons of bu4sa 289 291 295 297 312 544 Vorkin stock or buses 812 839 813 881 902 953 Index of the working stock of buses 95.0 96.1 100.0 100.9 103.3 109.2 Value added at constant prices 1.44 1.49 1.55. 1,56 1.60 1.69 iv. Taxi transport Value added at current prices 0.73 0.89 0.95 1.03 Index of the nunber of licenses delivered 89.0 94.4 100.0 107.0 115.5 123.6 131.2 Value added a' constant pr,ces 0.79 0.8 4 0.89 0.95 1.03 1.10 1.17 v. Soad transportL! Value added at current prices 2.3 2.6 2.7 3.0 Index of Txt 74.4 87.4 100.0 116.7 140.4 156.1 Value added at conztant prices 1.9 2.2 2.6 3.0 3.6 4.0 vi. Pallysy Value added at current prices 1.57 1.72 1.88 1.89 Index of Txox for frei,ht 93.6 97.4 100.0 112.4 116.8 135.2 146.2 Value added at coortant prices 1.61 1.68 1.72 1.9 2.01 2.33 2.52 vTi. Coastal traffic Vnluc added at current prices 0.52 0.58 0.42 0.46 Index -f freight trasported 82.2 91.9 100.0 116.7 115.5 240.1 125.7 Value added at conntant prices 0.31 0.35 0.38 0.44 0.44 0.91 0.48 Nlic ''it 1. rctri-:ty Valr a1iled at current prices 1.45 1.51 1.79 1.98 2.45 index Qf q-tity pro.lerd 110.2 104.7 100.0 103.2 105.8 113.7 116.5 VnIu e-ded at con '.nt pr:ceo 1.97 1.87 1.7 1.86 1.89 2.08 2.08 i. Water Vnltor ahil a. n'&rrert pries. 0.24 0.fN 0.29 0.31 iwi- x,r cowIc a tr.. pr'ier't 9t.5 95.0 00.0 112.7 122.9 126.0 145.6 Vlu- lat on '.*-1t pr!er 0.N1 04 044A 0.52 0.34 0.3" 0.40 Table 9: VAXWE AD1D AT CONSTANT PRICES - VORKSTS (in Billion CFA) Page 2 196145 1965/66 1966/67 1967/68 1968 /9 1969/70 1970/71 Banking, Insurance, and Real Estate ";alue added at current prices 0.9 0.9 1.0 1.1 1.1 1.2p 1.2 Consumer price index of high income group in Ibuala 91.2 95.9 100.0 101.3 103.1 106.3 111*9 Value added at constant prices 1.0 1.0 1.0 1.1 1.1 1.1 1.1 Trade i. Value added at curreAt prices Before correctionLo 34.7 37.2 43.1 48.5 56.3 After correction 6 .41.3 Difference 1.1 2.0 4. 7.2 1. ii. Margins at current prices 66.8 72.2 a. Agriculture and live animals (good 0) 2L. 7 Current prices - imports 0.6 0.5 0.5 1.0 1.2 0.7 3.5 production 54.3 57.7 65.9 77.3 88.3 margins 14.0 13.6 13.2 14.9 16.3 Constant prices - imports 0.6 0.5 0.5 1.0 1.2 0.5 3.3 production 57.0 60.8 65.9 70.0 76.0 81.7 78.9 margins 14.7 14.3 13.2 14.1 14.51 b. Oil and derivates Current prices - imports 2.1 1.9 2.0 2.3 2.7 2.. 2.7 margins 7.3 6.7 7.1 8.1 9.4 8.4 914 Constant prices - imports 2.2 1.9 2.0 2.3 2.6 2.2 2.3 margins - 7 6.7 7.1 8.1 91 8.o c. Industrial products (goods 1, 3 to 6) Current prices - imports 34.7 35.1 34.5 44.9 45.6 52.2 52.7 production 48.5 52.6 60.9 66.2 75.5 margins 31.7 34.3 37.7 43.8 4.6.5 Constant prices - imports 49.6 43.9 34.5 43.3 44.1 48.o . 7.7 production 51.5 54.1 60.9 65.5 69.7 864.8 94.6 margins $.5 . 42.2 42.0 2. iii. Total margins at constant prices 6. 2U 65.2 70.7 iv. Value added at constant prices 38.2 182Z9 Telecom=unications (P'T) Value added at curre t prices 0.60 0.80 0.58 0.81 1.66 .1.93P 2.08 Consumer price inde2i 91.2 95.9 100.0 101.3 103.1 106.3 111.9 Value added at constant prices 0.66 0.83 0.58 0.78 1.61 - 1.82 1.86 Other non-government services Value added at current pricesL2 6.2 6.6 7.4 7.7 8.4 Consumer price index 91.2 95.9 100.0 101.3 103.1 Value added at constant prices 6.8 6.9 7.4 7.6 8.1 Government services4 Value added at current prices 17.3 18.0 20.6 22.1 23.3 25.6P Quantity index of employment 95.2 96.8 100.0 106.4 112.9 125.0 135.9 Value added at constant prices 19.6 19.9 20.6 21.9 23.3 25.8 28.0 P: preliminary estimate. 1 Including coffee unshelling. L2 Cf. Table 7 for the detailed index. Do n6t include changes in inventories. Excluding coffee unshelling. L5 Calculated by reweighting the consumer price index. L6 Assuming a two-year life per bus. L Cf. Table for details on the index. ,1 Correction on the margins of cocoa, robusta, and arabica. j9 Quantity index of postal operations not available. AO Includes services of households servants. Al Cf. Table for details. Sources: Comptes nationaux 64/65 to 68/69 and IBRD estimates, statistical bulletins, monthly and quarterly. Table 10: EXPENDITURE ON GDP AT CONSTANT PRICES - NORKSHEET (on billion CFA) 1964/65 1965/66 1966/67 1967/68 1968/69 1969/70 1970/71 Imports at current prices 37.4 37.5 38.0 48.2 49.5 6o.9E/ 69.9E/ unit price index 1/ 97.2 99.2 100.0 99.1 101.7 112.0 118.6 at constant prices 38.5 37.8 38.0 48.6 48.7 54.4 58.9 Exports p at current prices 38.4 34.9 36.5 4.5 52.0 66.2-/ 61.6-/ unit price index 2/ 99.1 93.3 100.0 114.6 121.2 10.L 135.4 at constant prices 38.7 37.4 36.5 38.8 t2.9 47.2 45.5 Investment i) Machinery & Equipment at current prices 2/ 8.2 8.0 12.7 15.3 11.7 17.8 21.0 unit price index of imported equipment 97.6 99.1 100.0 98.5 103.8 119.6 137.1 at constant prices 8.4 8.1 12.7 15.5 11.3 14.9 15.3 ii) Construction a/ modern at current prices 9.8 12.3 11.4 12.1 13.1 index of wage rates in construction 99.7 100.0 100.0 102.8 106.4 109.0 at constant prices 4/ 9.8 11.8 12.3 b/ traditional 7.0 7.6 7.6 7.2 7.3 j/ total 16.6 19.9 19.0 19.0 19.6 20.2!j 21.1E/ Government Consumption i) Goods and Services P/ at current prices 8.7 10.1 10.3 12.6 14.2 15.1- 15. consumer price index in Douala 91.2 95.9 100.0 101.3 103.1 106.3 111.9 at constant prices 9.5 10.5 10.3 12.4 13.8 14.2/ 14.2 ii) Own Services (salaries) at constant prices 5/ 19.6 - 19.9 20.6 21.9 23.3 25.8 28.0 P/ Preliminary. 1/ For 1964/65-1966/67, export price indf-x of France. Aftarw3rds, the index has been prepared by the Ministry of Planning. 2/ Wholesale price of manufactured goods for Frai,ce for 1964/65-1966/67 (IMF) and Ministry of Planning afterwards. 7/ Preliminary estimates for 1969/70 and 1970/71 obtained by inflating 1968/69 value by the growth rate of the valie of imported equipmtn. gocds. 4/ Prfl4inary estimates in 1969/70 and 1570/71 obtained by assuAting tnat construction increased since the pre- vious year as the consumption of c. .ent and other ir.puts in real terms. 5/ rf taluu Ad-od by Jo7rnm.int Cervices, Table 9. Source: ICAu.ial. Accounts and 1BRD Estimates. 6 Table 11: EMPWYMENT IN THE GDVERNPMT - URKSHEET 1964/65 1965/66 1966/67 1967/68 1968/69 1969/70 1970/71 A. Employment of Pennanut & Contractual Personnel Number of Employees: in 1968/69 (in CFA) Category A 786 1,000 1,763 2,128 118,500 Category B 2,012 2,562 1,800 2,0.1 75,600 Category C 3,110 3,385 3,618 3,743 40,200 Category D 10,125 .,778 12,996 14,038 24,600 Index of Bployment 100.0 119.3 131.0 145.9 B. Employment in Armed Forces Index of Enployment 100.0 1o8.4 109.4 119.1 C. Employment of Auxiliaries & Other Categories of Personnel Index of Employment 100.0 101.0 99.4 114.7 Index of uplo;yment in the Government 1/ 89.5 91.0 94.0 100.0 106.1 117.5 127.7 1/ An analysis of the 1970/1971 budgets gives the following breakdown of salaries - 46.6% for A, 17.6% for B and 34.8% for C. Because of lack of information, estimates for the period 1964/65 to 1966/67 have been obtained by adjusting the graph of the variations of enployment through time with an exponential curve (Pakinson law). Nota: This index relates only to employment by the Federal Goverment and by the Government of East Camneroon, because no data were available for the West Cameroon Goverment and for the Local Governments (communes). However, the Federal and East Cameroon Governments paid 86% of salaries in 1968/69. This index must be considered as very- preliminary, especially regarding the period 1964/65 to 1966/67. Source: Ministry of Planning and IBRD Estimates. Table 12 1 QUANTITY INI OF ROAD TRASPORT - Average distance 1964/1965 1 9 1967/1968 19668969 19701 971 uer T Quantities Txm Quantitie TxKm quantities TxKm Quantities TxKm qantitiesntitie TxKm Quantities Tx 145 Cocoa 90,000 13,050.0 97,500 14,137.5 94,958 13,768.9 90,256 13,087.1 107,224 15,547.5 117,115 16,981.7 122,105 17,705.2 82 Coffee (Arabica + Robusta) 50,272 4,122.3 57,520 4,716.6 66,933 5,488.5 74,805 6,134.0 81,470 .6,68o.5 86,200 7,068.4 69,300 5,682.6 1273 Cotton 44,COO 56,232.0 57,500 73,485.0 55,810 71,325.2 49,000 62,622.0 68,013 86,920.6 91,334 116,724.9 38,350 49,011.3 1)90 Groundnuts 80,100 87,309.0 83,400 90,906.0 96,250 104,912.5 139,900 152,491.0 171,000 186,390.0 177,728 193,723.5 175,000 190,750.0 80Z PaImist 20,800 1,664.0 22,800 1,824.0 31,900 2,552.0 46,100 3,688.0 59,ooE 4,720.0 74,000E 59,220.0 n.a. n.a. 50 Livestock 617,776 30,888.8 887,500 44,375.0 1,314,80b 65,74o.o 1,423,300 71,165.0 1,423,300 73,500.0 1,547,000 77,350.0 n.a. n.a. 76.3 cement 119,235 9,100.0 113,868 8,688.1 117,695 8,980.1 124,531 9,501.7 131,666 10,046.1 120,918 9,226.0 128,963 9,81o.0 Miscellaneous 2,700.0 2,835.0 2,976.8 3,125.6 3,281.9 3,446.0 3,618.0 value 205,066.1 240,967.2 275,744.0 321,814.4 387,086.6 430,440.5 n.a. Index 74.4 87.4 100.0 116.7 140.4 156.1 n.a. :ote: This index ccnsists of the number of TxKm of road covered in the transportation of the main commercialized agricultural product. The average distance per ton was determined in 1965 in a survey on the commercialization of agricultural products. Source: IBRD. Table 13: PRELIMINARY ESTIMATES OF TURNOVER IN MODERN MANUFACTURING - WORKSHEET (in million current OFA) 1967/68 1968/69 1969/70 1970/71 National National Estimates Estimates GICAM Accounts (1)/(2) GICAM Accounts (1)/(2) GIOAM (1)/(2) N.A. GICOM (1)/(2) N.A. (1) (2) (W (1) (2) (W (1) (W (2) (1) (W (2) Foodstuff 11,873 15,147 78.3 15,209 17,714 75.3 18,405 80.0 23,000 19,393 80.0 24,250 Textileb, Shoes 4,636 9,887 46.8 5,145 11,393 45.1 6,728 45.5 14,800 7,453 45.5 16,400 Printing, Chemistry 2,341 4,390 53.3 2,496 4,68o 53.5 2,974 53.4 5,50 3,984 53.4 7,450 Metallurgy 6,982 16,833 41.5 7,993 19,078 41.9 9,705 1.7 23,250 10,606 41.7 25,400 Other 1,805 6,46 27.9 1,562 13,837 11.3 2,207 23.0 9,600 2,822 26.1 10,800 Total 27,637 LZ2 52.5 3h 66Z,72 53-h LL2 9 2.5 76,200 44 258 $2.5 84,300 Nota: The methodology consists of estimating (2) from (1) and the history of the ratios (1)/(2). The sector "other" is a residual. This study does not include construction. Source: Ministry of Planning. Table 14: MARGIN RATES - WRHKSHEET 1964/65 1965/66 1966/67 1967/68 1968/69 Agriculture Gross Margin/Prod.+Import (M) 25.5 23.4 19.9 19.0 18.2 Oil Gross Margin/Import 3.48 3.53 3.55 3.52 3.48 Industrial Products Gross Margin/Prod.+Import (%) 38.1 39.1 39.5 39.4 36.9 Nota: An improved methodology would consist of analyzing the margins rates product by product, with a breakdown between imports and local production. Source: National Accounts and IBRD Estimates. Table 1; ~LAJACs. dNEET OF THE THAUf ~ne 1965 - m. 1971 (in bllion ea) Jns 30, 1965 ~a 30. 1966 Jn. 30. 1967 ~ne 30, 1968 Jns 30, 1069 Jun 30, 1970 Janc 30. 1971 9/ CR D CRt D CR D C D CR CR D W D .. Carry~n Out of the tli de Finae . eeal Oovernuewt, ODerationc ~ 1 7.0 0.5 7.3 -- 2.5 0.2 3.2 5.4 11 4.3 7.5 2 0.7 3.4å 3.8 CM *r. Acounts --are - .) (31: - 1.8) -- (1.2) --r -0-- ) (0.9) (2.1) pnditur on special Roe - (0.7 - (0.7 - .) (0.6) -- - 0.2) (0.3) Balgnce 3.h 3.8 2.2 0.6 0.2 0.6 2.1 3. I~a & Horrovinj Accounts -- -- - -- -- -- -- 1.0 2.3 Kalance Federal Govermant j. 0.1 2.8 4 1n. ~rate Stateo Operationo det.ry rations g Nå A (3.2) 5.6) (8.6) em_~bdgtar Operationa.2 X 1&KÄ V2 0 M2 Z(A 01 l * 0.0 -- 0.6 0.5 4.5 4/ 6.6 1/ 3.3 2.1 2. vast CamsrDen -V Iudgetary Opý-etions (MA) (NO) (mA) M) (MA) (MA) (MA) )V (NA)M ) (1.2) (1.3) Non-budgetary Operations ( M) (Nå) (Na) NA) (NA) (NA) (NA) Nå) (NA) ) (0.6) (1.0) 0alanco 0.2 0.2 o.6 0.b 0.6 0.2 Balane Federal Stateo 0.0 2Li malaneo of Operationa ää s6.A B. Liquid Assets Mn. 1. Financial Services Publi Instituton / (.3) (1.) (2.7) (3.2) (7.7), (15.5) (12.67/) Nunicipalitio6o6 0f {,: '0.3l . Buipplämmnunta Sudgets l.4039 . c 2U 2. a ore 2.3 2.2 3.6 4.1 10.1 18.6 13. Curränt Accounn Lipos (1.3) (.5) .03 iaceluaneous eposits (2.3) (3.6) 932 9:42 2.5 (including ~nt of loas consigrment) Balance 3.6 5.1 4.2 . 8.6 7.5 7.8 3.5 BalaMe Corresondenta 12.7 18.9 IV. Cash and Portfolio 1. iff an oai Moncy Ba Absets in Curront Acct. f.2.0 (3 ) 1. (1.5) 2. Financial Inveatment 6/ (6.4) (6.0) (3.5) (,9) 6(i3) ('0 3. Other Mvementa of Funds (1.2) (25) (05) (3.0) (1.5 (2.0) (6.1)8/ Balance Canh & Portfolio 2-0 10-1 7.6 6.0 10.0 19.4 8.8 kBlance of Pinancin kl 10.1 NAS Not available. CRI Oredit. D I Döbit. 1/ Of vhich previoua fiscal years 2.5. 1/ Of which previous fiscal years 5.0. Coming mostly from previoua fiacal years. /a Test Camroon Budget van intagrated to the ftderal TeaoWn frem the ysear 1966/1967. 51 ostly Catases de Stabiliaation des prix. / Essentiallyfinacl investmnt in the French Treaesy. 7/ A1*ore tranafr fro= t%e ('ais8e de.Stabålisation to Bpeal Fmde. / Esentially comptes d'attente. f/ Prelimsinary. Sources Treasury. abl 16: TALE Or TIABCIA, OPMTIo Ir 1965/66 (in milli= CAP) Financial interediaries Other enterprises Agencies Total ncenae a-br- Other Post end Inurance Other Total Treasury CCCE Other Agencies ~ouseholda External Grand cial 1 3 Telecoswu- Enter- Total Banka nications löwa 1 2 3 4 5 6 7 8 9 10 f1 12 13 16 15 16 A. A a Assets - *208 -82 .126 47 *11 +890 490 +1,034 +343 - 4310 -633 +1.179 -12 .1,~68 A b Accounte depoited with the - - - - +68 - -77 -9 -9 - - -2,265 -,26.5 - - -2,2% Treasury and aisce11aneous accounts Sub-total A - *208 -82 .126 +75 +11 .813 +899 +1,~5 .343 - -2,55" -2,88 .1,179 -12 - 706 B lbrign aasets -2,283 .3 - -2,280 - - .15 +150 -2,130 -198 - +3 -195 - - -2,325 C+D Special deposits abroad and external position of banks 0 - - .50 - - - - +0 - - -359 -3 - 4575 .266 Foreign masts of Caroun B40.D -2,233 .3 - -2,230 - - .15 .1% -2,080 -19 - -356 -5J - +375 -2,059 w*F Savings accounts and time deposits - - +88 .888 - - -130 -130 4758 -80 - - -80 17 -82 Other -9 -712 -955 -1,706 -106 .52 -20 -74 -1,780 -79 -86 *212 -668 *& -41 -2,807 H.I.J.K Loans frce the financial system .1,192 .1,704 .218 +3,114 - - -59 -59 43,035 - - -10 -10 -33 - *3,012 L (ther loans +115 -100 -12 -33 -130 - +132 *2 35 - -191 al60 +249 -297 4374 .361 m Securitles and shares - 18 +370 .388 - - 4132 .132 520 - - 4456 +k6 - 4600 .1,576 Grand Total 121 »7 613 -i6i - L1 g 1,533 -1.1.5 -M -1,813 -3,505 t1,+ 96 +22 . Palssiva A a Asseta 4hb0 .905 - +1,210 .338 - - +338 +1,548 - - - - - - .1,548 A b Accounts with the Treesury and miscellaneous accountr - - -739 -739 - - - - -739 -1,515 - - -1,515 - - -2,25 Sub-total A .405 .805 -739 471 +338 - - +338 4809 -1,515 - - -1,515 - - -706 B Foreign assets - - - - - - - - - - - - - - -2,325 -2,325 C.D Special accounte abreod and external position of banks - .38 *37 t575 - - - - *575 - - - - - -309 .266 Foreign assets of Cemeroun B-CeD - .536 .37 .575 - - - - *575 - - - - - -2,634 -2,059 X.F Savin3s accounts and time deposits - +746 +79 +825 - - - - %5 - - - - - - 2 G Other -1,360 --922 -122 -2,404 - - -66 -66 -2,470 *317 -168 -474 -325 -5 -7 -2,807 H4t*J+X Loans from the financial system - -330 4179 -151 - - +3,152 +3.12 +3,W - - -134 -134 -2 .147 +3,012 L Other lons - - 4266 .266 -393 - e739 3h6 612 - - -483 -483 "o +182 *361 m eurities and 8h&res - - 62 62 - - +1,e +1,^ *1,544 - - - - - *32 .1,76 GranA Total -953 +E 8 -2§ -3 6 _-_ +2&W +2LU +4.8% -1.19 -168 -1,091 -2.57 -,0 aLN, Source: Direction de la Statistique et de la Coetabilité Nationale Table 17: VALUE ADDED BY GOVERNMENT (in billion current CFA) 1964/65 1965/66 1966/67 1967/68 1968/69 Salaries paid by the transactor "Administrations" 19.7 20.9 22.5 24.4 26.2 less Salaries paid by foreign administrations -4.2 -3.9 -3.3 -3.7 -4.0 less Salaries paid by private bodies serving households -1.6 -2.2 -1.8 -2.0 -2.5 plus Pensions and retirement payments by government 0.2 0.2 0.3 0.2 0.4 plus Pamily supplements 0.6 0.6 0.7 1.0 1.0 plus Salaries of technical assistancel/ 2.6 2.4 2.2 2.2 2.2 Value added by government 17.3 18.0 20.6 22.1 23.3 1/ Salaries paid to technical assistance have been estimated at their real values, because the salaries which would have been paid to their counterparts could not be estimated. Source: National accounts and IBRD. 俗 . 丰 為 ＇一不＇州〞予｀〝m丫鰍必卜