Mother Earth Travel > Country Index > Comoros > Map Economy History |
| Economy - overview: 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, is the leading sector of the
economy. It contributes 40% to GDP, employs 80% of the labor force, and
provides most of the exports. The country is not self-sufficient in food
production; rice, the main staple, accounts for the bulk of imports. The
government is struggling to upgrade education and technical training, to
privatize commercial and industrial enterprises, to improve health
services, to diversify exports, to promote tourism, and to reduce the high
population growth rate. Continued foreign support is essential if the goal
of 4% annual GDP growth is to be met. Remittances from 150,000 Comorans
abroad help supplement GDP. GDP:
purchasing power parity - $419 million (2000 est.) SOURCE: The World Factbook |
Mother Earth Travel > Country Index > Comoros > Map Economy History