Balance of Payments and International FDI Position in the Comoros: FY2019/20

Comorian merchandise export earnings have been growing steadily since 2016 despite the persistent trade deficit. The growth in merchandise export earnings has not been sufficient to improve the current account balance and balance of payments. The balance of payments has been volatile despite the persistent inward foreign direct investment (FDI) inflows. These capital flows have improved Comoros’s balance of payments but worsened the country’s net international FDI position. The Comoros’s balance of payments is projected to deteriorate to a small deficit which should reduce gross official reserves in the medium-term.