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Chad    Economy Back to Top

Agricultural work employs 77 % of the labor force. Most Comorians find employment within a orthodox subsistence economy producing maize, cassava, rice, bananas, and vegetables. Protein comes from fish and poultry. Attracted by fertile soils and cheap labor, plantation companies acquired land in the islands in the 19th century, and by the beginning of the 20th century they owned most of the cultivable land. During the 20th century growing sugarcane gave way to the cultivation of scent-bearing flowers and spices, such as ylang-ylang, vanilla, and cloves, as well as copra. Although the companies were forced to give up much of their land through successive land reforms, flowers and spices remain the basic commercial crops grown in the islands, and the only remarkable exports. Growing cash crops takes up a major part of the best land on the islands.

The Comoros, which is one of the world's poorest nations, has an economy based on subsistence agriculture. The nation's gross domestic product is growing at a rate slightly faster than the population but is among the lowest in the world. Since freedom, aid from the European Union, notably France, has been the major underpinning of the economy, while Saudi Arabia, Oman, Iraq, Japan, and Kuwait have also provided financial aid. One of the world's poorest countries, Comoros is made up of three islands that have insufficient transportation links, a young and rapidly increasing population, and few natural resources. Agriculture, including fishing, hunting, and forestry, is the leading area of the economy. It contributes 40% GDP, employs 80% of the labor force, and provides most of the exports. The nation is not self-sufficient in food production; rice, the main staple, accounts for the bulk of imports. The government is struggling to upgrade education and technical training, to privatize commercial and industrial enterprises, to improve health services, to diversify exports, to promote tourism, and to reduce the high population growth rate. Continued foreign support is essential if the goal of 4.2% annual GDP growth is to be met. Remittances from 150,000 Comorans abroad help supplement GDP.




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