| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Comoros Economy 2013

SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES











Comoros Economy 2013
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 5, 2013

Economy - overview:
One of the world's poorest countries, Comoros is made up of three islands that have inadequate transportation links, a young and rapidly increasing population, and few natural resources. The low educational level of the labor force contributes to a subsistence level of economic activity, high unemployment, and a heavy dependence on foreign grants and technical assistance. Agriculture, including fishing, hunting, and forestry, contributes 40% to GDP, employs 80% of the labor force, and provides most of the exports. Export income is heavily reliant on the three main crops of vanilla, cloves, and ylang-ylang and Comoros' export earnings are easily disrupted by disasters such as fires. The country is not self-sufficient in food production; rice, the main staple, accounts for the bulk of imports. The government - which is hampered by internal political disputes - lacks a comprehensive strategy to attract foreign investment and is struggling to upgrade education and technical training, privatize commercial and industrial enterprises, improve health services, diversify exports, promote tourism, and reduce the high population growth rate. Political problems have inhibited growth, which averaged only about 1% in 2006-09 but more than 2% per year in 2010-12. Remittances from 150,000 Comorans abroad help supplement GDP. In September 2009 the IMF approved Comoros for a three-year $21 million loan, but the government has struggled to meet program targets, such as restricting spending on wages, strengthening domestic revenue collection, and moving forward on structural reforms.

GDP (purchasing power parity):
$872 million (2012 est.)
country comparison to the world: 208

$850.6 million (2011 est.)
$832.4 million (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$595 million (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.5% (2012 est.)
country comparison to the world: 131

2.2% (2011 est.)
2.1% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,300 (2012 est.)
country comparison to the world: 208

$1,300 (2011 est.)
$1,300 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 50%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 10%
services: 40% (2011 est.)

Labor force:
268,500 (2007 est.)
country comparison to the world: 166
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services: 20% (1996 est.)

Unemployment rate:
20% (1996 est.)
country comparison to the world: 160
[see also: Unemployment rate country ranks ]

Population below poverty line:
60% (2002 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 0.9%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 55.2% (2004)

Budget:
revenues: $126.8 million
[see also: Budget revenues country ranks ]
expenditures: $130.4 million (2012 est.) (2012 est.)

Taxes and other revenues:
21.3% of GDP (2012 est.)
country comparison to the world: 151
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.6% of GDP (2012 est.)
country comparison to the world: 52
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
6% (2012 est.)
country comparison to the world: 157

1.8% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1.93% (31 December 2010 est.)
country comparison to the world: 110

2.21% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
10.5% (31 December 2012 est.)
country comparison to the world: 85

10.5% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$135 million (31 December 2012 est.)
country comparison to the world: 181

$128.4 million (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$212.1 million (31 December 2012 est.)
country comparison to the world: 186

$198.2 million (31 December 2011 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$139.8 million (31 December 2012 est.)
country comparison to the world: 185

$130.6 million (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Agriculture - products:
vanilla, cloves, ylang-ylang (perfume essence), copra, coconuts, bananas, cassava (manioc)

Industries:
fishing, tourism, perfume distillation

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Current account balance:
-$67 million (2012 est.)
country comparison to the world: 65

-$60.4 million (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$27.5 million (2012 est.)
country comparison to the world: 204

$25.2 million (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
vanilla, ylang-ylang (perfume essence), cloves, copra

Exports - partners:
Singapore 34.9%, Turkey 23%, France 10.2%, Netherlands 7.6%, India 4.3% (2011)

Imports:
$211.2 million (2012 est.)
country comparison to the world: 205

$206.6 million (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
rice and other foodstuffs, consumer goods, petroleum products, cement, transport equipment

Imports - partners:
Pakistan 16.1%, France 15.7%, UAE 11.2%, Turkey 7.3%, Kenya 5.5%, India 4.8% (2011)

Debt - external:
$279.3 million (31 December 2009 est.)
country comparison to the world: 179

$485.4 million (31 December 2010 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Comoran francs (KMF) per US dollar -

386.4 (2012 est.)
353.9 (2011 est.)
371.46 (2010 est.)

Fiscal year:
calendar year


NOTE: 1) The information regarding Comoros on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Comoros Economy 2013 information contained here. All suggestions for corrections of any errors about Comoros Economy 2013 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 11-Mar-13
Copyright © 1995- , ITA (all rights reserved).

    . Feedback