side facing the
hoist and four white, five-pointed stars placed vertically in a line
between the points of the crescent; the horizontal bands and the
four stars represent the four main islands of the archipelago -
Mwali, Njazidja, Nzwani, and Mahore (Mayotte - territorial
collectivity of France, but claimed by Comoros)
note: the crescent, stars, and color green are traditional symbols
of Islam

Economy
Comoros

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, 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 -
which is hampered by internal political disputes - is struggling to
upgrade education and technical training, privatize commercial and
industrial enterprises, improve health services, diversify exports,
promote tourism, and reduce the high population growth rate. The
political problems caused the economy to contract in 2007.
Remittances from 150,000 Comorans abroad help supplement GDP.

GDP (purchasing power parity):

$1.262 billion (2007 est.)

GDP (official exchange rate):

$442 million (2007 est.)

GDP - real growth rate:

-1% (2007 est.)

GDP - per capita (PPP):

$1,100 (2007 est.)

GDP - composition by sector:

agriculture: 40%
industry: 4%
services: 56% (2001 est.)

Labor force:

144,500 (1996 est.)

Labor force - by occupation:

agriculture: 80%
industry and services: 20% (1996 est.)

Unemployment rate:

20% (1996 est.)

Population below poverty line:

60% (2002 est.)

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $27.6 million
expenditures: $NA (2001 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

3% (2007 est.)

Central bank discount rate:

5.36% (31 December 2007)

Commercial bank prime lending rate:

10.5% (31 December 2007)

Stock of money:

$76.68 million (31 Dec