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FACTS & STATISTICS
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Agriculture > products
vanilla, cloves, perfume essences, copra, coconuts, bananas, cassava |
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Aid as % of GDP
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9.2% |
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[35th of 129]
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Current account balance
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$8,000,000.00 |
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[64th of 181]
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Debt > External
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$232,000,000.00 |
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[29th of 136]
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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. |
Exchange rates
Comoran francs (KMF) per US dollar - 396.21 (2004), 435.9 (2003), 522.74 (2002), 549.78 (2001), 533.98 (2000) |
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Exports
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$32,000,000.00 |
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[182nd of 189]
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Exports to US
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$3,400,000.00 |
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[152nd of 224]
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GDP
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$403,176,300.00 |
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[160th of 203]
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GDP (purchasing power parity)
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$1,262,000,000.00 |
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[176th of 187]
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GDP > PPP
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$1,139,000,000.00 |
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[152nd of 163]
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GDP > Real growth rate
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-1% |
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[181st of 198]
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GDP growth > annual %
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4.23 annual %
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[95th of 187]
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GDP per capita, PPP > current international $
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1,993.05 PPP $
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[128th of 169]
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Gross National Income
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$218,867,000.00 |
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[163rd of 172]
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Gross national income > constant LCU
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86676990000 |
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Human Development Index
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0.547 |
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[133rd of 178]
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Inflation rate (consumer prices)
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3% |
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[126th of 192]
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Population below poverty line
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60% |
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[8th of 46]
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Tourist arrivals
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26,000 |
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[138th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Comoros, Union of the Comoros, Union des Comores, Comores
Related links:
More facts and figures on Comoros
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