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Comoros

Comoros Economic Outlook

The outlook for this fragile state has improved following the resolution of the electricity crisis in 2014 and 2015. Economic growth rose from 2.8% in 2016 to an estimated 3.4% in 2017 and is projected to reach 3.7% in 2018 and 4.1% in 2019. Growth was spurred by a broad investment program with both public (roads and a national hospital) and private (tourism and hospitality) components. The regularization of civil servants’ salaries and cash transfers from the diaspora are likely to foster higher private consumption. In terms of supply, growth relies on a sharp recovery in the primary sector and to a lesser extent in services. In terms of demand, end-use consumption is the primary growth driver. However, the budget remains highly fragile, with the tax burden exceeding 10%.

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Key Facts

Flag:
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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Contacts

East Africa Regional Hub (RDGE)

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, Director General

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