Comoros

Comoros

The islands of the Indian Ocean are the second poorest country in the world in terms of GDP, after Sao Tome and Principe. Growth is expected to stagnate in 2011.

The inhabitants live by fishing and subsistence farming. The Comoros archipelago is rich in vanilla, cloves and ylang -ylang . However, it struggles to feed itself . Thus, remittances from the diaspora actively support the economy.

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Blossary: The 10 Worst African Economies
Industry/Domain: Economy
Category: Economics
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