Comoros: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Agriculture contributes 50% to GDP, employs 80% of the labor force, and provides most of the exports. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): France, United Arab Emirates, and Pakistan |
| Top Industries Source: CIA World Factbook | Fishing; Tourism; Perfume Distillation |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $2,918,046,212 (2021) |
| GDP Growth Rate (annual %) | 2.348% (2021) |
| GDP Per Capita, PPP (current international) | $3,284 (2021) |
GDP Country Rank 176/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | -8.115% (2015) |
| External debt stocks, total (DOD, current US$) | $301,131,310 (2020) |
| Total tax rate (% of commercial profits) | 219.6% (2019) |
| Real Interest Rate (5 year average %) | 5.366% (2021) |
| Manufacturing, value added (% of GDP) | 7.502% (2015) |
| Current Account Balance (BoP, current US$) | ($23,868,231) (2020) |
Labor and Employment [1]
| Labor Force, Total | 235,977 (2021) |
| Employment in Agriculture (% of total employment) | 49.937% (2020) |
| Employment in Industry (% of total employment) | 13.046% (2020) |
| Employment in Services (% of total employment) | 37.018% (2020) |
| Unemployment Rate | 9.447% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $364,545,364 (2021) |
| Exports of goods and services (current US$) | $87,766,961 (2021) |
| Total Merchandise Trade (% of GDP) | 27.26% (2021) |
| FDI, net inflows (BoP, current US$) | $3,873,524 (2020) |
| Commercial Service Exports (current US$) | $41,488,761 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Comoros’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.