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Comoros Economic Outlook

  • Economic growth was 2.1% in 2016 due to the ongoing electricity crisis, but thanks to the new government’s efforts to resolve and clean up public finances, growth is projected to reach 3.4% in 2017 and 4.1% in 2018.
  • The 2016 elections led to political change: the new President of the Union and the three island governors were all elected from the opposition.
  • With a narrow economic base and a predominantly informal economy, the islands remain under-industrialised (10% of GDP), and the country is looking to adopt a regional strategy to address this issue.

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Key Facts

Capital: Moroni
Area: 2,000 sq km
Total Population 2017: 0.8 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 632.0 Million
GNI Per Capita 2015: US$ 790
Inflation Rate: 2.00%
Crude Birth Rate (per 1000): 32.40%
Human Development Index (rank / 188): 160
Human Development Index (scale 0 to 1): 0.497
Membership Date: 03/05/1976
Cumulative Approvals (1967-2016): UA 111.4 Million

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