Tag Archives: Comoros

According to allcountrylist, Comoros is an African island nation located in the Indian Ocean. The economy of Comoros is largely dependent on agriculture, which accounts for around 40% of its GDP. This sector includes activities such as fishing, forestry and livestock production. The country is also known for its production of spices, particularly vanilla and cloves which are exported to other countries. The manufacturing sector makes up around 10% of Comoros’ GDP and includes industries such as food processing, textiles and construction materials. The service sector makes up the majority of Comoros’ GDP with activities such as banking, finance, telecommunications and tourism making up the bulk of this sector. Tourism is an increasingly important component of Comoros’ economy with millions of tourists visiting each year due to its stunning beaches and diverse wildlife. Comoros has also become a major player in global trade with exports making up nearly two-thirds of its total GDP. The main exports include vanilla beans, cloves, ylang-ylang oil and fish products. Additionally, foreign direct investment has been on the rise in recent years with investors seeking access to Comoros’ markets and resources. Finally, energy is an important part of Comoros’ economy with hydroelectricity being the leading source followed by diesel fuel oil and wood fuel. The agricultural history of Comoros dates back to the early days of its settlement by Arab and African settlers. The main crops grown during this time were coconuts, bananas, yams, cassava, sweet potatoes and maize. These crops were mainly used for subsistence farming rather than export. In the 19th century, French colonial rule brought more advanced agricultural techniques to the islands. The introduction of new crops such as coffee and cocoa helped to diversify the agricultural sector and make it more profitable. In addition, French colonists introduced new methods of irrigation and soil conservation which greatly improved crop yields. In the 20th century, Comoros experienced a period of rapid economic growth due in large part to its flourishing agricultural sector. This growth was largely driven by increased production of traditional crops such as coconuts, bananas and cassava as well as newer cash crops such as vanilla and cloves. The government also implemented policies that encouraged farmers to diversify their crops and adopt more modern farming techniques. Today, agriculture remains an important part of the economy in Comoros with over 80% of the population relying on it for their livelihoods. Despite this reliance on agriculture, however, Comoros still has a long way to go in terms of modernizing its agricultural sector and improving yields through better technology and infrastructure investments. See itypeusa for Comoros State Overview.