Source: world bank Nominal/PPP
Summary:
Comoros GDP expanded from 1980 to 2024, increasing from $0.24 billion to $1.44 billion.The compound annual growth rate (CAGR) averaged 4.16% over the period. The economy recorded its peak level in 2024 and its lowest level in 1984. Growth volatility remained high. The maximum drawdown reached 29.55%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Comoros Economic Phases (1980–2024)
Between 1980 to 2024, Comoros experienced the following economic phases:
- Contraction (1982–1984) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- Contraction (1996–1997) indicating temporary slowdown
- Expansion (1998–1999) indicating steady moderate growth
- High Growth (2001–2008) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- Expansion (2019–2021) indicating steady moderate growth
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 34.489%, while the largest decline was in 1994 at -26.408%.