Comoros

Comoros Economic Outlook

  • The return of political and institutional stability in the Comoros has allowed economic growth to resume, averaging 3% a year between 2011 and 2013. The outlook for 2014 is positive, but the employment situation is not expected to improve, especially among new graduates.
  • Control of public expenditure has enabled the Comoros to conclude the sixth and final review of the IMF’s Extended Credit Facility (ECF), approved on 13 December 2013.
  • Despite the structural deficit in the current account balance, the country still has a comfortable external position, with more than seven months of import reserves, mainly thanks to remittances from emigrants (USD 147 million in 2012, or 23% of GDP).

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

View all projects

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

Key Facts

Flag:
Capital: Moroni
Area: 2,000 sq km
Total Population 2013: 0.7 Million
Urban Population 2013: 28.22%
Female Population 2013: 49.62%
GDP: US$ 589.0 Million
GNI Per Capita 2013: US$ 840
Inflation Rate: 2.00%
Crude Birth Rate (per 1000): 35.25%
Human Development Index (rank / 187): 169
Human Development Index (scale 0 to 1): 0.429
Membership Date: 03/05/1976
Cumulative Approvals (1967-2013): UA 99.4 Million

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