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GOVERNMENT SPENDING — 92.7Total government expenditures, including consumption and transfer payments, are low.

In the most recent year, government spending equaled 15.6 percent of GDP.

Cameroon has been ranked 132nd (with 52.3 pts) out of 179 countries in the 2010 Economic Freedom Index: compiled by The Wall Street Journal and Heritage Foundation.

Cameroon also ranked 25th among 46 African countries.

Other taxes include a value-added tax (VAT), a transfer tax on businesses sold, a property tax, and an inheritance tax.

In the most recent year, overall tax revenue as a percentage of GDP was 10.8 percent.

In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state.

In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.” The index measures economic freedom by assigning a grade from 0-100 (with 100 being maximum freedom) to 10 economic freedom components: Business Freedom | Trade Freedom | Fiscal Freedom | Government Spending | Monetary Freedom | Investment Freedom | Financial Freedom | Property rights | Freedom from Corruption | Labor Freedom.

Despite progress in privatizing management of the national water company, other important enterprises remain state-controlled.

Budget management, especially in the non-oil sector, is weak.

MONETARY FREEDOM — 71.9Inflation has been moderate, averaging 4.3 percent between 20.

Restrictions on trade are common, and the weak judicial system allows pervasive corruption and erodes the potential for long-term economic growth.” Hong Kong, Singapore and Australia topped the overall index while Mauritius, Botswana, Madagascar and South Africa were the freest economies in Africa.

The Economic Freedom Index describes Economic Freedom as: “ the fundamental right of every human to control his or her own labor and property.

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FISCAL FREEDOM — 71.8Cameroon has relatively high tax rates.

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