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Comoros:
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Other pages in this profile of the Comoros:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
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Economy - overview |
Definition 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) |
Definition - World rank and map $1.262 billion (2007 est.) |
GDP (official exchange rate) |
Definition $442 million (2007 est.) |
GDP - real growth rate |
Definition - World rank and map -1% (2007 est.) |
GDP - per capita |
Definition - World rank and map $1,100 (2007 est.) |
GDP - composition by sector |
Definition agriculture: 40% industry: 4% services: 56% (2001 est.) |
Labor force |
Definition 144,500 (1996 est.) |
Labor force - by occupation |
Definition agriculture: 80% industry and services: 20% (1996 est.) |
Unemployment rate |
Definition - World rank and map 20% (1996 est.) |
Population below poverty line |
Definition 60% (2002 est.) |
Household income or consumption by percentage share |
Definition lowest 10%: NA% highest 10%: NA% |
Inflation rate (consumer prices) |
Definition - World rank and map 3% (2007 est.) |
Budget |
Definition revenues: $27.6 million expenditures: $NA (2001 est.) |
Agriculture - products |
Definition vanilla, cloves, ylang-ylang, perfume essences, copra, coconuts, bananas, cassava (tapioca) |
Industries |
Definition fishing, tourism, perfume distillation |
Industrial production growth rate |
Definition - World rank and map -2% (1999 est.) |
Electricity - production |
Definition - World rank and map 20 million kWh (2005) |
Electricity - consumption |
Definition - World rank and map 18.6 million kWh (2005) |
Electricity - consumption per capita |
Definition - World rank and map 25.5 kWh (2005) |
Electricity - exports |
Definition 0 kWh (2005) |
Electricity - imports |
Definition 0 kWh (2005) |
Oil - production |
Definition - World rank and map 0 bbl/day (2005) |
Oil - consumption |
Definition - World rank and map 700 bbl/day (2005 est.) |
Oil - consumption per 1,000 people |
Definition - World rank and map 1 bbl/day (2005 est.) |
Oil - exports |
Definition - World rank and map 0 bbl/day (2004) |
Oil - imports |
Definition - World rank and map 709.1 bbl/day (2004) |
Oil - proved reserves |
Definition - World rank and map 0 bbl (1 January 2006 est.) |
Natural gas - production |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 0 cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 0 cu m (1 January 2006 est.) |
Current account balance |
Definition - World rank and map $8 million (2007 est.) |
Exports |
Definition - World rank and map $32 million f.o.b. (2006) |
Exports - commodities |
Definition vanilla, ylang-ylang (perfume essence), cloves, copra |
Exports - partners |
Definition Turkey 37.8%, France 27.3%, Singapore 9.1%, Saudi Arabia 4% (2006) |
Imports |
Definition - World rank and map $143 million f.o.b. (2006) |
Imports - commodities |
Definition rice and other foodstuffs, consumer goods, petroleum products, cement, transport equipment |
Imports - partners |
Definition France 18%, UAE 10.7%, South Africa 7.2%, Pakistan 7.1%, China 5.8%, Kenya 5.6%, India 4.9% (2006) |
Debt - external |
Definition - World rank and map $232 million (2000 est.) |
Economic aid - recipient |
Definition $25.23 million (2005 est.) |
Currency (code) |
Definition Comoran franc (KMF) |
Exchange rates |
Definition 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 |
Definition calendar year |
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