The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This paper reviews economic developments in the Comoros during 1992-95. The economic performance of the Comoros during 1991-94 was characterized by real growth of about 1.6 percent a year on average, large financial imbalances, an eroding export base, and the accumulation of large domestic and external payments arrears. The poor economic performance was particularly noticeable during 1994-95 when real GDP, which grew by about 3 percent during 1991-93, declined by about 2 percent a year, as a result of a negative terms-of-trade shock, and increased political uncertainty.