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Moroni (Capital): Moroni is the largest city and serves as the capital of Comoros. It is located on the island of Grande Comore (Ngazidja), which is the largest of the Comoros islands.
Mutsamudu: Mutsamudu is the second-largest city in Comoros and is located on the island of Anjouan (Nzwani). It is an important port city.
Fomboni: Fomboni is the third-largest city in Comoros and is situated on the island of Mohéli (Mwali). It is also known as Mwali.
Domoni: Domoni is another significant town on the island of Anjouan and is known for its historical and cultural importance.
Mirontsi: Mirontsi is a town on the island of Mohéli and is one of the smaller urban centers in Comoros.
Comoros on map of Africa
Economy of Comoros
Gross Domestic Product (GDP): Comoros is one of the least developed countries in the world, and its GDP is relatively small. In 2020, Comoros' GDP was estimated to be around .4 billion USD.
GDP per Capita: Comoros has a low GDP per capita, indicating that income levels are modest. In 2020, the GDP per capita in Comoros was estimated at approximately ,641 USD per capita.
Inflation Rate: Inflation rates in Comoros have varied over the years but tend to be relatively low compared to some other countries. In 2020, the inflation rate was estimated at around 2.5%.
Unemployment Rate: Comoros faces challenges with unemployment and underemployment. In 2020, the unemployment rate was estimated to be approximately 14%.
Agriculture: Agriculture is a significant sector in Comoros, with the majority of the population engaged in subsistence farming and the cultivation of crops like vanilla, cloves, and ylang-ylang. These are important exports for the country.
Remittances: Remittances from Comorian expatriates living abroad, particularly in France, play a vital role in the country's economy.
Currency: The official currency of Comoros is the Comorian Franc (KMF).
Foreign Aid: Comoros receives foreign aid and development assistance from various international organizations and countries to support its development efforts, particularly in areas such as health, education, and infrastructure.
Challenges: Comoros faces economic challenges such as poverty, limited infrastructure, and reliance on subsistence agriculture. Additionally, the country has struggled with political instability and governance issues.
Five Largest Economic Sectors in Comoros
Agriculture and Farming: Agriculture is a vital sector in Comoros, with the cultivation of crops such as vanilla, cloves, ylang-ylang, and rice. Many small-scale farmers and cooperatives are involved in agricultural activities.
Fishing Industry: Fishing, including both subsistence and commercial fishing, is essential for Comoros' economy. Fish is a major source of protein for the population, and some fish are exported.
Remittance Services: Many Comorian expatriates, particularly those living in France, send remittances back to their families in Comoros. There may be financial institutions or money transfer services facilitating these remittances.
Small and Medium Enterprises (SMEs): Comoros has a growing sector of small and medium-sized businesses involved in various activities, including retail, trade, and services.
Tourism: While not a large-scale industry, tourism has potential in Comoros due to its natural beauty, including beaches and coral reefs. Some local businesses are involved in the tourism sector.
Five Largest Banks in Comoros
Banque pour l'Industrie et le Commerce - Comores (BIC Comores): BIC Comores is one of the leading banks in Comoros, providing a range of banking and financial services to individuals and businesses.
Banque de Développement des Comores (BDC): BDC is another significant bank in Comoros, focusing on development and financial services to support economic growth.
Banque Moroni pour le Commerce et l'Industrie (BMCI): BMCI is a local bank operating in Comoros, offering banking solutions to customers.
Banque Fédérale de Commerce (BFC): BFC is a domestic bank that provides banking services, including savings and loans, to the Comorian population.
Banque Comorienne pour l'Industrie et le Commerce (BCIC): BCIC is another notable bank in Comoros, contributing to the country's financial sector.
Top Company Listings in Comoros Business Directory
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