Comoros

Comoros Economic Outlook

  • Despite the ongoing debt crisis in the euro area, the Comorian economy grew by an estimated 2.7% in 2012, up from 2.6% in 2011.
  • Given the lack of any significant growth in exports, domestic demand will continue to be the main driver of growth, which is forecast to reach 3.2% in 2013 and 3.8% in 2014, albeit with an expected deterioration of the currentaccount deficit.
  • Natural resources are the source of major potential for the Comorian economy, but because there has been no structural change, the resources are not sufficiently exploited to make any real contribution to growth.

Project Portfolio

Reference Project Status
P-KM-KF0-007 Appui à la SCADD

Categories: Comoros, Economic & Financial Governance

ApprovedAPVD
P-KM-FA0-001 Projet d'assistance pour secteur énergie

Categories: Comoros, Energy & Power

ApprovedAPVD

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Contacts

East Africa Regional Resource Center (EARC)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya

Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, RRC Director





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Key Facts

Flag:
Capital: Moroni
Area: 2,000 sq km
Total Population 2012: 0.8 Million
Urban Population 2012: 28.50%
Female Population 2012: 49.62%
GDP: US$ 630.0 Million
GNI Per Capita 2012: US$ 770
Inflation Rate: 5.60%
Crude Birth Rate (per 1000): 36.10%
Human Development Index (rank / 187): 169
Human Development Index (scale 0 to 1): 0.429
Membership Date: 03/05/1976
Cumulative Approvals (1967-2012): UA 85.8 Million

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