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Includes historical data for Comoros’ Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Young Population And Retail Powered Economy

With a population of about 1 million people, half of whom are under 20 years of age, Comoros is a densely populated archipelagic country consisting of three islands off Africa’s east coast in the Indian Ocean. Following over 20 coups or coup attempts since achieving independence from France in the 1970s, today Comoros is striving to solidify political stability and leverage its tourism prospects to alleviate poverty. 

Yet, the country’s location makes it one of the most climate-vulnerable in the world, with large parts of the population living in at-risk areas and facing poverty and food insecurity. The majority of the labor force remains engaged in agriculture, with spice exports being a significant component of government revenue subject to the global commodity market’s price fluctuations. Small retail and accommodation services are other drivers of the economy. Ineffective macroeconomic policies, lack of transparency, and the prevalence of informal labor activities continue to impede economic progress and hinder private sector initiatives.

Macroeconomy & Sovereign Data

Type of Government Federal presidential republic
Capital Moroni
Sovereign Ratings S&P: Not rated
Moody’s: Not rated
Fitch: Not rated
Total Population 1.0 million
Median Age 20.7
Adult Per Capita Income (PPP) 6,985.18
Total GDP (2023) 1.4 billion

Comoros GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 394.8 million (2023)
Leading Exports Cloves
Tug Boats
Essential Oils
Scrap Vessels
Total Imports USD 57.7 million (2022)
Leading Imports Rice
Chicken Products
Refined Petroleum
Source: World Integrated Trade Solution

Comoros Leading Companies

Banque de Développement des Comores Financials
Banque pour l’Industrie et le Commerce Financials
Société Comorienne de Distribution Consumer Staples Distribution & Retail
Société Comorienne des Hydrocarbures Oil & Gas Distribution & Marketing
Societe Nationale des Telecommunications Telecommunication Services
Comoros Port Authority Transportation Infrastructure Services

Major Trade Partners — Import

United Arab Emirates 43%
France 11%
Pakistan 7%
China 6%
India 4%

Source: World Integrated Trade Solution

Major Trade Partners — Export

India 25%
Tanzania 21%
France 20%
United States 6%
Germany 5%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000