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One of the world's poorest countries, Comoros is made up of three islands that have inadequate transportation links, a young and rapidly increasing population, and few natural resources. The low educational level of the labor force contributes to a subsistence level of economic activity, high unemployment, and a heavy dependence on foreign grants and technical assistance. Agriculture, including fishing, hunting, and forestry, contributes 40% to GDP, employs 80% of the labor force, and provides most of the exports. Export income is heavily reliant on the three main crops of vanilla, cloves, and ylang-ylang and Comoros' export earnings are easily disrupted by disasters such as fires. The country is not self-sufficient in food production; rice, the main staple, accounts for the bulk of imports. The government - which is hampered by internal political disputes - lacks a comprehensive strategy to attract foreign investment and is struggling to upgrade education and technical training, privatize commercial and industrial enterprises, improve health services, diversify exports, promote tourism, and reduce the high population growth rate. Political problems have inhibited growth, which has averaged only about 1% in 2006-09. Remittances from 150,000 Comorans abroad help supplement GDP. In September 2009 the IMF approved a three-year $21 million loan for Comoros.
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$765.8 million (2009 est.)
country comparison to the world: 205
$752.3 million (2008 est.)
$744.8 million (2007 est.)
note:
data are in 2009 US dollars
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$532 million (2009 est.)
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1.8% (2009 est.)
country comparison to the world: 87
1% (2008 est.)
-1% (2007 est.)
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$1,000 (2009 est.)
country comparison to the world: 215
$1,000 (2008 est.)
$1,000 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 40%
industry:
4%
services:
56% (2001 est.)
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268,500 (2007 est.)
country comparison to the world: 165
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agriculture: 80%
industry and services:
20% (1996 est.)
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20% (1996 est.)
country comparison to the world: 164
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60% (2002 est.)
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lowest 10%: 0.9%
highest 10%:
55.2%
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revenues: $27.6 million
expenditures:
$NA (2001 est.)
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3% (2007 est.)
country comparison to the world: 101
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5.36% (31 December 2008)
country comparison to the world: 79
5.36% (31 December 2007)
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7% (31 December 2008)
country comparison to the world: 82
10.5% (31 December 2007)
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$100.6 million (31 December 2008)
country comparison to the world: 155
$96.01 million (31 December 2007)
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$41.74 million (31 December 2008)
country comparison to the world: 163
$37.48 million (31 December 2007)
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$79.52 million (31 December 2008)
country comparison to the world: 132
$45.09 million (31 December 2007)
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vanilla, cloves, ylang-ylang, perfume essences, copra, coconuts, bananas, cassava (tapioca)
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fishing, tourism, perfume distillation
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NA%
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22 million kWh (2007 est.)
country comparison to the world: 204
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20.46 million kWh (2007 est.)
country comparison to the world: 205
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 196
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1,000 bbl/day (2009 est.)
country comparison to the world: 203
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0 bbl/day (2007 est.)
country comparison to the world: 204
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766 bbl/day (2007 est.)
country comparison to the world: 191
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0 bbl (1 January 2009 est.)
country comparison to the world: 192
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0 cu m (2008 est.)
country comparison to the world: 185
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0 cu m (2008 est.)
country comparison to the world: 197
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0 cu m (2008 est.)
country comparison to the world: 189
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0 cu m (2008 est.)
country comparison to the world: 190
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0 cu m (1 January 2009 est.)
country comparison to the world: 190
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$8 million (2007 est.)
country comparison to the world: 58
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$32 million (2006)
country comparison to the world: 202
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vanilla, ylang-ylang (perfume essence), cloves, copra
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Turkey 25.2%, France 20.44%, Singapore 17.44%, Algeria 8.02%, Italy 6.09%, Saudi Arabia 5% (2009)
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$143 million (2006)
country comparison to the world: 205
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rice and other foodstuffs, consumer goods, petroleum products, cement, transport equipment
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France 15.5%, China 14.66%, India 10.55%, UAE 7.88%, Pakistan 5.69%, Kenya 4.51% (2009)
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$232 million (2000 est.)
country comparison to the world: 171
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Comoran francs (KMF) per US dollar - 361.4 (2007), 391.8 (2006), 395.6 (2005), 396.21 (2004), 435.9 (2003)
note:
the Comoran franc is pegged to the euro at a rate of 491.9677 Comoran francs per euro
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