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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita: GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Agriculture - products: Industries: Industrial production growth rate: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Exchange rates: Fiscal 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.
$872 million (2012 est.)
country comparison to the world: 208
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$595 million (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
2.5% (2012 est.)
country comparison to the world: 131
[see also: GDP - real growth rate country ranks ]
$1,300 (2012 est.)
country comparison to the world: 208
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 50%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
10%
services:
40% (2011 est.)
268,500 (2007 est.)
country comparison to the world: 166
[see also: Labor force country ranks ]
agriculture: 80%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services:
20% (1996 est.)
20% (1996 est.)
country comparison to the world: 160
[see also: Unemployment rate country ranks ]
60% (2002 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 0.9%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
55.2% (2004)
revenues: $126.8 million
[see also: Budget revenues country ranks ]
expenditures:
$130.4 million (2012 est.) (2012 est.)
21.3% of GDP (2012 est.)
country comparison to the world: 151
[see also: Taxes and other revenues country ranks ]
-0.6% of GDP (2012 est.)
country comparison to the world: 52
[see also: Budget surplus (+) or deficit (-) country ranks ]
6% (2012 est.)
country comparison to the world: 157
[see also: Inflation rate (consumer prices) country ranks ]
1.93% (31 December 2010 est.)
country comparison to the world: 110
[see also: Central bank discount rate country ranks ]
10.5% (31 December 2012 est.)
country comparison to the world: 85
[see also: Commercial bank prime lending rate country ranks ]
$135 million (31 December 2012 est.)
country comparison to the world: 181
[see also: Stock of narrow money country ranks ]
$212.1 million (31 December 2012 est.)
country comparison to the world: 186
[see also: Stock of broad money country ranks ]
$139.8 million (31 December 2012 est.)
country comparison to the world: 185
[see also: Stock of domestic credit country ranks ]
vanilla, cloves, ylang-ylang (perfume essence), copra, coconuts, bananas, cassava (manioc)
fishing, tourism, perfume distillation
NA%
[see also: Industrial production growth rate country ranks ]
-$67 million (2012 est.)
country comparison to the world: 65
[see also: Current account balance country ranks ]
$27.5 million (2012 est.)
country comparison to the world: 204
[see also: Exports country ranks ]
vanilla, ylang-ylang (perfume essence), cloves, copra
Singapore 34.9%, Turkey 23%, France 10.2%, Netherlands 7.6%, India 4.3% (2011)
$211.2 million (2012 est.)
country comparison to the world: 205
[see also: Imports country ranks ]
rice and other foodstuffs, consumer goods, petroleum products, cement, transport equipment
Pakistan 16.1%, France 15.7%, UAE 11.2%, Turkey 7.3%, Kenya 5.5%, India 4.8% (2011)
$279.3 million (31 December 2009 est.)
country comparison to the world: 179
[see also: Debt - external country ranks ]
Comoran francs (KMF) per US dollar -
calendar year
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
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