COUNTRYAAH, the Comoros are a poor agricultural country. There are
serious problems with, among other things, overpopulation,
chronically high unemployment, emigration of highly educated
to the Gulf states and a poorly developed transport network.
A chronic deficit in the state budget and in the trade
balance in 1991 led to a number of tightening of the
economy, including privatization, investment in export
industries and cuts in the public sector. The measures had
only marginal effects.
In 2014, the government launched a five-year strategy for
economic growth. But despite the write-off of the
International Monetary Fund and new development plans, the
country's economic conditions are poor.
More than half the population is employed in agriculture,
which has a significant element of forage crops, including
vanilla (Comoros is the world's second largest producer),
cloves and ilang-ilang (perfume plants), which are grown for
export to the developing countries. They also grow cassava
and rice and keep cows, goats and sheep, but more than half
of food consumption is covered through imports.
The small industry that exists is also mainly focused on
the processing of agricultural products. There are oil and
soap industries, vanilla production plants and sawmills.
Imports are dominated by rice, fuel, building materials and
medicines. France is the completely dominant trading