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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
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