Comoros GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Comoros expanded 3 percent in 2012 from the previous year. GDP Annual Growth Rate in Comoros is reported by the Bank of Comoros. From 1981 until 2012, Comoros GDP Annual Growth Rate averaged 2.1 Percent reaching an all time high of 8.5 Percent in December of 1992 and a record low of -5.4 Percent in December of 1991. Comoros is one of the poorest countries in the world where most of population rely on subsistence agriculture and fishing. Comoros economy is highly dependent on foreign aid and remittances. In recent years, the expanding tourism industry has been growing short to its potential due to unstable political environment and lack of infrastructure. However, the growth prospects may soon improve. The government of Comoros is expected to meet the criteria necessary to see a debt relief as part of the Highly Indebted Poor Countries Initiative. This, along with investments in tourism and infrastructure may boost the economy. This page provides - Comoros GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.00 2.60 8.53 -5.40 3.40 | 2013/12 1981 - 2012 Percent Yearly

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Comoros GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 0.60 2012-12-31 0.61 0.61 0.11 0.63 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 3.00 2012-12-31 2.60 8.53 -5.40 3.40 2013-12-31 Percent [+]
GDP per capita 606.01 2012-12-31 603.11 773.66 603.11 605.71 2013-12-31 USD [+]
GDP per capita PPP 1059.87 2012-12-31 1054.81 1353.09 1054.81 1059.36 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Comoros Government Debt To GDP at 51.40 Percent of GDP  
Comoros recorded a Government Debt to GDP of 51.40 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Comoros is reported by the Banque Centrale des Comores.
Comoros Current Account to GDP at -7.20 Percent  
Comoros recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Comoros is reported by the Banque Centrale des Comores.
Comoros Interest Rate at 1.71 Percent  
The benchmark interest rate in Comoros was last recorded at 1.71 percent. Interest Rate in Comoros is reported by the Banque Centrale des Comores.
Comoros Sales Tax Rate at 10.00 Percent  
The Sales Tax Rate in Comoros stands at 10 percent. Sales Tax Rate in Comoros is reported by the Ministry of Finance, Budget, Economy, Commerce, and Investments.
Comoros Population at 0.67 Million  
The total population in Comoros was last recorded at 0.7 million people in 2013 from 0.2 million in 1960, changing 253 percent during the last 50 years. Population in Comoros is reported by the World Bank.
Comoros Balance of Trade at -96861.00 KMF Million  
Comoros recorded a trade deficit of 96861 KMF Million in 2012. Balance of Trade in Comoros is reported by the Banque Centrale des Comores.
Comoros Current Account at -14043.00 KMF Million  
Comoros recorded a Current Account deficit of 14043 KMF Million in 2012. Current Account in Comoros is reported by the Banque Centrale des Comores.
Comoros Inflation Rate at 4.20 Percent  
The inflation rate in Comoros was recorded at 4.20 percent in November of 2013. Inflation Rate in Comoros is reported by the Banque Centrale des Comores.
Comoros GDP per capita at 606.01 USD  
The Gross Domestic Product per capita in Comoros was last recorded at 606.01 US dollars in 2012. The GDP per Capita in Comoros is equivalent to 5 percent of the worlds average. GDP per capita in Comoros is reported by the World Bank.
Comoros GDP per capita PPP at 1059.87 USD  
The Gross Domestic Product per capita in Comoros was last recorded at 1059.87 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Comoros, when adjusted by Purchasing Power Parity is equivalent to 5 percent of the worlds average. GDP per capita PPP in Comoros is reported by the World Bank.
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