Economy of Comoros
Population: 0.83 M (2018)
GDP per Capita: 1,415 USD (2018)
1,180 M.

GDP USD

(2018)

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160 M.

EXPORTS USD

(2018)

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350 M.

IMPORTS USD

(2018)

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20.97 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.43 % (2018)
GDP of 2010 USD USD 1.20 B. (2018)
GDP Current USD USD 1.18 B. (2018)
GDP per Capita Current USD USD 1,415 (2018)
GDP per capita, PPP USD 2,585 (2018)
GDP per Capita, 2010 USD USD 1,401 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 10.32 % (2018)
Government Spending USD 0.12 B. (2018)
Government Debt % GDP 20.97 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 80.79 (2018)
Trade Openness 43.09 % (2018)
Exports of Goods and Services % GDP 13.25 % (2018)
Exports Goods & Services USD 0.16 B. (2018)
Exports Annual Growth 19.24 % (2018)
Imports as % GDP 29.85 % (2018)
Total Imports USD 0.35 B. (2018)
Foreign Direct Investment % GDP 0.58 % (2018)
Foreign Direct Investment USD 0.01 B. (2018)
Current Account Balance % GDP USD -2.40 % (2018)
Current Account Balance USD -0.03 B. (2018)
Trade Balance % GDP -16.60 % (2018)
Trade Balance USD -0.20 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.20 B. (2018)
Remittances % GDP 12.10 % (2018)
Remittances USD 159 M. (2018)
Balance of Payments USD 0 M. (2017)

Labor Market

Indicator Value
Labor Force 0.23 M. (2019)
Unemployment Rate 3.70 % (2019)
Unemployment Rate Females 4.70 % (2019)
Unemployment Rate Males 4.07 % (2019)
Youth Unemployment (ages 15-24) 8.46 % (2019)
Labor Force Participation Rate 44.22 % (2019)
Labor Force (Percent Female) 42.01 % (2019)
Female Labor Force Participation Rate 37.64 % (2019)
Male Labor Force Participation Rate 50.77 % (2019)
Dependent People 74.05 % (2018)

Agriculture Sector

Indicator Value
Forest Area 19.70 % (2016)
Forest Area km² 366 km² (2016)
Agricultural Land 71.47 % (2016)
Agricultural Land km² 1,330 km² (2016)
Employment 56.64 % (2019)
Value added % GDP 32.64 % (2018)
Agriculture Value added USD 0.38 B. (2018)
Crop Production Index 108.70 (2016)
Precipitation 900 mm (2014)
Arable Land 35 % (2016)
Cereal Yield 1,357 kg/hectare (2017)
Food production index 109 (2016)
Rural Population 71 % (2018)
Fertilizer use of Arable Land 109 (2016)
Livestock Production Index 109 (2016)
Economy of Comoros

According to the World Bank and its latest published data, the economy of the Comoros presents a growth rate of 3.43 % (2018) to the previous year.

With a population that reaches 0.83 M (2018) and a gross domestic product of USD 1.18 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,415 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Comoros also has a workforce of 0.23 M. (2019) with an unemployment rate of 3.70 % (2019), where women represent 4.70 % (2019) and men 4.07 % (2019), the unemployment rate for young people between 15-24 years old stood at 8.46 % (2019). The total number of dependent people stands at 74.05 % (2018).

The central government spent 10.32 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.12 B. (2018). Its consolidated public debt reached 20.97 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Comoros exported USD 0.16 B. (2018), which represents 13.25 % (2018) of its gross domestic product, in that same sense its imports reached USD 0.35 B. (2018) with a direct foreign investment of USD 0.01 B. (2018).

Comoros has a forest area of 366 km² (2016), which represents 19.70 % (2016) of its total area, an average rainfall of 900 mm (2014) per year and a population of 71 % (2018) living in rural areas. With a total area of 1,330 km² (2016) available for agriculture and 56.64 % (2019) of its employments, the agricultural sector contributes to the economy of the Comoros about USD 0.38 B. (2018) (32.64 % (2018) of its GDP).