| Economy | Comoros |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
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. 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 - 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. The political problems caused the economy to contract in 2007. Remittances from 150,000 Comorans abroad help supplement GDP. |
GDP (purchasing power parity):
|
$741.4 million (2008 est.)
$737.7 million (2007)
$730.4 million (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$1,000 (2008 est.)
$1,000 (2007 est.)
$1,100 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
|
$557 million (2008 est.) |
GDP - real growth rate:
|
0.5% (2008 est.)
1% (2007 est.)
1.3% (2006 est.) |
GDP - composition by sector:
|
agriculture: 40%
industry: 4%
services: 56% (2001 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
60% (2002 est.) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
3% (2007 est.) |
Central bank discount rate:
|
5.36% (31 December 2007) |
Commercial bank prime lending rate:
|
10.5% (31 December 2007) |
Stock of money:
|
$76.68 million (31 December 2007) |
Stock of money - per capita:
|
102 USD per capita |
Stock of quasi money:
|
$23.39 million (31 December 2007) |
Stock of quasi money - per capita:
|
32 USD per capita |
Stock of domestic credit:
|
$45.09 million (31 December 2007) |
Stock of domestic credit - per capita:
|
60 USD per capita |
Labor force:
|
144,500 (1996 est.) |
Labor force participation rate:
|
19.20 % of population |
Labor force - by occupation:
|
agriculture: 80%
industry and services: 20% (1996 est.) |
Unemployment rate:
|
20% (1996 est.) |
Budget:
|
revenues: $27.6 million
expenditures: $NA (2001 est.) |
Budget revenues per capita:
|
void |
Public debt:
|
void |
Industries:
|
fishing, tourism, perfume distillation |
Industrial production growth rate:
|
-2% (1999 est.) |
Electricity - production:
|
20 million kWh (2006 est.) |
Electricity - production per capita:
|
27 kWh per capita |
Electricity - consumption:
|
18.6 million kWh (2006 est.) |
Electricity - consumption - per capita:
|
25 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
0 bbl/day (2007 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
712.3 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
0.35 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2005) |
Oil - imports:
|
755.4 bbl/day (2005) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
vanilla, cloves, ylang-ylang, perfume essences, copra, coconuts, bananas, cassava (tapioca) |
Current account balance:
|
$8 million (2007 est.) |
Current account balance - per capita:
|
11 USD per capita |
Exports:
|
$32 million f.o.b. (2006) |
Exports per capita:
|
43 USD per capita |
Exports - commodities:
|
vanilla, ylang-ylang (perfume essence), cloves, copra |
Exports - partners:
|
Turkey 38%, France 27.5%, Singapore 9.2%, Saudi Arabia 4.1% (2007) |
Imports:
|
$143 million f.o.b. (2006) |
Imports per capita:
|
191 USD per capita |
Imports - commodities:
|
rice and other foodstuffs, consumer goods, petroleum products, cement, transport equipment |
Imports - partners:
|
France 18.2%, UAE 10.8%, South Africa 8.5%, Pakistan 7.2%, Kenya 5.7%, China 5.4%, India 5% (2007) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$232 million (2000 est.) |
Debt - external - per capita:
|
309 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$25.23 million (2005 est.) |
Economic aid - recipient per capita:
|
34 USD per capita |
Currency (code):
|
Comoran franc (KMF) |
Exchange rates:
|
Comoran francs (KMF) per US dollar - 361.4 (2007), 391.8 (2006), 395.6 (2005), 396.21 (2004), 435.9 (2003)
note: the Comoran franc is pegged to the euro at a rate of 491.9677 Comoran francs per euro |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
