IMF Staff Country Reports

Union of the Comoros: Selected Issues and Statistical Appendix

February 10, 2009

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Union of the Comoros: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

The Selected Issues paper for the Union of the Comoros describes an assessment of the external competitiveness. Comoros has been hard hit by negative terms-of-trade shocks that have weakened the external position. A trend decline in the world price of vanilla, its main export, has occurred parallel to unprecedented increases in international food and petroleum prices. Although export growth has slackened, imports have steadily grown driven by a surge in remittances and a steady real appreciation of the euro-pegged national currency.

Subject: Balance of payments, Current account, Current account deficits, Foreign exchange, Income, National accounts, Real effective exchange rates, Real exchange rates

Keywords: Balance of payments, CA adjustment, CA balance, CA deficit, CA reduction, CR, Current account, Current account deficits, GDP, Global, Income, ISCR, Norm elasticity, Norm estimate, Real effective exchange rates, Real exchange rates, Sub-Saharan Africa

Publication Details

  • Pages:

    68

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2009/046

  • Stock No:

    1COMEA2009002

  • ISBN:

    9781451809206

  • ISSN:

    1934-7685

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