Countries
Comoros
Key Economic Indicators
$3.43 billion
$3,959
3.34%
5.05%
3.82%
$1.546 billion (2024 est.)
27.7% of GDP (2016 est.)
$-24,621,421
Economic Overview
small trade-based island economy; declining remittances; new structural and fiscal reforms; adverse cyclone and COVID-19 impacts; manageable debts; fragile liquidity environment; large foreign direct investment; state-owned enterprises suffering
All Economic Data
Agricultural products
bananas, coconuts, cassava, yams, maize, taro, milk, tomatoes, sweet potatoes, pulses (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$230.338 million (2023 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$212.551 million (2023 est.)
Currency
code:
KMF
name:
Comorian franc (KMF) [Fr]
Current account balance
$-24,621,421
Current account balance 2021:
-$4.076 million (2021 est.)
Current account balance 2022:
-$5.248 million (2022 est.)
Current account balance 2023:
-$24.621 million (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$385.57 million
Debt - external 2023:
$267.652 million (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Comoran francs (KMF) per US dollar -
Exchange rates 2020:
430.721 (2020 est.)
Exchange rates 2021:
415.956 (2021 est.)
Exchange rates 2022:
467.184 (2022 est.)
Exchange rates 2023:
454.991 (2023 est.)
Exchange rates 2024:
454.524 (2024 est.)
Exports
$142.82 million
Exports 2021:
$128.331 million (2021 est.)
Exports 2022:
$166.032 million (2022 est.)
Exports 2023:
$148.455 million (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
cloves, ships, essential oils, vanilla, scrap iron (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Indonesia 25%, India 23%, Turkey 16%, UAE 11%, USA 3% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$7.1 million
GDP - composition, by end use
Exports of goods and services:
9.9% (2024 est.)
Government consumption:
9.2% (2024 est.)
Household consumption:
103.6% (2024 est.)
Imports of goods and services:
-34.5% (2024 est.)
Investment in fixed capital:
11.7% (2024 est.)
Investment in inventories:
0% (2024 est.)
Note:
<strong>note:</strong> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
36.6% (2024 est.)
Industry:
9.6% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
50.1% (2024 est.)
GDP (official exchange rate)
$1.546 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$1,663
Gini Index coefficient - distribution of family income
45.3 (2014)
GNI (gross national income)
$1.45 billion
GNI per capita
$1,590
Gross domestic investment
12 % of GDP
Imports
$496.59 million
Imports 2021:
$415.965 million (2021 est.)
Imports 2022:
$480.268 million (2022 est.)
Imports 2023:
$504.036 million (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, poultry, rice, flavored water, additive manufacturing machines (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 24%, UAE 21%, Tanzania 12%, France 7%, India 6% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
3.8% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
fishing, tourism, perfume distillation
Inflation rate (consumer prices)
5.05%
Inflation rate (consumer prices) 2016:
1.8% (2016 est.)
Inflation rate (consumer prices) 2017:
1% (2017 est.)
Note:
<strong>note:</strong> annual % change based on consumer prices
Labor force
276,400 (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
310,841 persons
Labor force - by occupation
agriculture:
33.56%
industry:
14.8%
services:
51.65%
Population below poverty line
44.8% (2020 est.)
note:
<strong>note:</strong> % of population with income below national poverty line
Public debt
Public debt 2016:
27.7% of GDP (2016 est.)
Real GDP (purchasing power parity)
$3.43 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$2.901 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$2.99 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$3.092 billion (2024 est.)
Real GDP growth rate
3.34%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
2.8% (2022 est.)
Real GDP growth rate 2023:
3.1% (2023 est.)
Real GDP growth rate 2024:
3.4% (2024 est.)
Real GDP per capita
$3,959
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$3,500 (2022 est.)
Real GDP per capita 2023:
$3,500 (2023 est.)
Real GDP per capita 2024:
$3,600 (2024 est.)
Remittances
$282.44 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
22.2% of GDP (2021 est.)
Remittances 2022:
22% of GDP (2022 est.)
Remittances 2023:
21.4% of GDP (2023 est.)
Reserves of foreign exchange and gold
$323.95 million
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$283.746 million (2022 est.)
Reserves of foreign exchange and gold 2023:
$324.561 million (2023 est.)
Reserves of foreign exchange and gold 2024:
$323.946 million (2024 est.)
Unemployment rate
3.82%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
3.9% (2022 est.)
Unemployment rate 2023:
3.8% (2023 est.)
Unemployment rate 2024:
3.9% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
9.6% (2024 est.)
Male:
8.3% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
8.9% (2024 est.)
World Bank Indicators
Currency
Chinese yuan (CNY) (2025)
Exports (US$)
$3,753.06B (2024)
External Debt
$2,419.84B (2024)
FDI Net Inflows (US$)
$18.56B (2024)
GDP Growth (%)
4.98 (2024)
Gdp Nominal
$18,743.80B (2024)
GDP Per Capita
13,303 (2024)
Gini Index
38.50 (2016)
Imports (US$)
$3,219.34B (2024)
Inflation Rate (%)
0.22 (2024)
Languages
Chinese (2025)
Reserves
$3,456.02B (2024)
Unemployment Rate (%)
4.59 (2024)
Youth Unemployment
15.04 (2024)
Economic Rankings
Gini Index
#31
External Debt
#119
Unemployment Rate
#126
GDP Growth Rate
#145
GDP per Capita
#164
Inflation Rate
#164
Reserves
#166
GDP (PPP)
#177
GDP (Nominal)
#180
Imports
#182
Exports
#184
Quick Facts
Industries
fishing, tourism, perfume distillation
Agricultural products
bananas, coconuts, cassava, yams, maize, taro, milk, tomatoes, sweet potatoes, pulses (2023)
Labor force
276,400 (2024 est.)
Exports - partners
Indonesia 25%, India 23%, Turkey 16%, UAE 11%, USA 3% (2023)
Imports - partners
China 24%, UAE 21%, Tanzania 12%, France 7%, India 6% (2023)
Exchange rates
Comoran francs (KMF) per US dollar -
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