Comoros : Recent Economic Developments

This paper reviews economic developments in the Comoros during 1992–95. The economic performance of the Comoros during 1991–94 was characterized by real growth of about 1.6 percent a year on average, large financial imbalances, an eroding export base, and the accumulation of large domestic and external payments arrears. The poor economic performance was particularly noticeable during 1994–95 when real GDP, which grew by about 3 percent during 1991–93, declined by about 2 percent a year, as a result of a negative terms-of-trade shock, and increased political uncertainty.