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Comoros

 
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Comoros

ECONOMY

Gross National Product per Capita: Estimated at US$400 in 1994 following January devaluation of Comoran franc. One of world's poorest countries, Comoros became eligible in 1991 for International Development Association's Special Program of Assistance.

Agriculture: Including fishing, provided about 40 percent of gross domestic product (GDP) in 1994 and involved 80 percent of labor force. Almost all meat and vegetables and much of rice must be imported. Main cash crops ylang-ylang essence for perfume, vanilla, and cloves, all subject to fluctuating demand. Various agricultural development projects underway with foreign aid. Livestock raising limited; fishing being expanded.

Industry: Provided 5 percent of GDP in 1994. Most industries entailed processing cash crops or handicrafts. Efforts underway to develop tourism, which with other services, provided 25 percent of GDP in 1994.

Exports: Ylang-ylang (world's largest producer), vanilla (world's second largest producer), cloves. Exports estimated at US$21 million in 1992; major markets United States and France.

Imports: Basic foodstuffs, petroleum, construction materials. Imports estimated at US$60 million in 1992; major sources: France and Belgium-Luxembourg.

Currency and Exchange Rate: One Comoran franc (CF) = 100 centimes. In June 1995, US$1.00 = CF363.98.

Inflation: Estimated at 15 percent in 1994.

Fiscal Year: Calendar year.

Data as of August 1994

Comoros - TABLE OF CONTENTS

  • Introduction
  • Comoros


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