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Economy of Comoros vs Kiribati compared: GDP & Debt

Updated on by Georank team

Comoros has a GDP of $1.55B compared to $308M for Kiribati, ranking 183/197 and 192/197 by economy size, respectively.

Comoros has $477M in government debt (32.5% of GDP), compared to $30.5M (8.77% of GDP) in Kiribati.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Comoros
GDP, current $

GDP, constant 2015 $
Kiribati
GDP, current $

GDP, constant 2015 $
Year GDP
Comoros Kiribati
Current $ Constant $ Current $ Constant $
1970 - - $11,560,877 $84,746,575
1971 - - $12,356,134 $82,805,827
1972 - - $15,314,346 $92,808,131
1973 - - $25,645,040 $112,214,203
1974 - - $69,256,489 $163,050,326
1975 - - $44,547,454 $171,764,420
1976 - - $33,246,817 $125,786,121
1977 - - $31,335,459 $119,984,073
1978 - - $36,563,965 $121,255,417
1979 - - $34,466,197 $107,207,984
1980 $212,218,262 $339,631,220 $33,157,723 $106,050,818
1981 $196,349,932 $352,757,725 $35,267,489 $112,543,455
1982 $184,009,014 $375,275,369 $32,742,713 $111,316,560
1983 $191,621,955 $393,368,903 $31,000,546 $100,432,092
1984 $184,697,226 $409,537,545 $34,394,167 $114,410,720
1985 $196,726,096 $418,874,840 $26,126,615 $99,262,600
1986 $279,197,722 $426,697,798 $25,993,009 $96,815,059
1987 $337,525,853 $433,686,187 $29,554,413 $98,066,620
1988 $356,500,033 $445,340,980 $38,278,810 $119,685,813
1989 $341,476,768 $431,177,995 $37,645,319 $110,957,795
1990 $429,622,178 $453,130,286 $36,534,295 $103,872,769
1991 $424,108,770 $428,681,020 $41,247,792 $98,005,325
1992 $457,388,652 $465,251,719 $61,491,369 $121,486,649
1993 $452,881,475 $479,237,471 $58,953,596 $121,360,309
1994 $319,189,184 $453,949,150 $67,055,334 $123,842,439
1995 $398,461,797 $470,337,651 $68,596,395 $127,250,841
1996 $396,053,806 $464,262,352 $81,456,854 $127,184,611
1997 $364,445,601 $482,972,838 $80,205,807 $128,681,743
1998 $370,106,746 $489,167,041 $74,905,706 $134,398,139
1999 $382,454,990 $498,580,614 $77,323,978 $129,137,484
2000 $351,136,580 $552,666,034 $74,910,527 $137,844,792
2001 $378,512,024 $565,559,219 $64,935,850 $133,510,774
2002 $425,964,681 $578,708,159 $74,743,869 $135,442,881
2003 $546,885,223 $590,883,436 $96,105,619 $133,309,024
2004 $633,706,111 $602,226,388 $104,085,892 $132,497,215
2005 $653,845,169 $619,314,850 $113,895,437 $134,209,649
2006 $698,431,794 $635,707,838 $112,338,353 $141,962,853
2007 $795,673,153 $640,793,770 $138,054,946 $146,299,931
2008 $915,659,108 $666,198,752 $147,017,895 $141,933,271
2009 $905,341,173 $709,414,591 $140,177,384 $142,695,171
2010 $907,979,446 $743,473,998 $165,458,433 $144,444,545
2011 $1,023,087,476 $787,250,882 $195,970,140 $149,158,821
2012 $1,015,842,907 $836,931,449 $207,001,546 $157,815,491
2013 $1,116,223,107 $911,646,575 $201,730,861 $170,016,084
2014 $1,149,587,624 $947,161,529 $200,287,282 $172,164,514
2015 $966,029,600 $966,029,600 $191,559,399 $191,559,399
2016 $1,012,835,493 $992,887,430 $206,467,819 $205,137,195
2017 $1,077,439,756 $1,048,451,293 $222,875,736 $212,828,030
2018 $1,188,797,450 $1,091,014,284 $233,514,717 $220,233,253
2019 $1,195,019,531 $1,130,604,685 $216,985,388 $227,422,300
2020 $1,225,039,196 $1,175,888,998 $220,897,999 $224,083,588
2021 $1,299,039,312 $1,207,941,362 $285,259,894 $243,085,289
2022 $1,279,542,248 $1,241,985,921 $270,040,457 $254,185,355
2023 $1,430,523,436 $1,280,048,597 $288,610,732 $260,926,379
2024 $1,546,164,420 $1,323,426,672 $307,862,547 $274,669,108

Economic indicators

Comoros Kiribati
Gross domestic product
$1.55B
2024
$308M
2024
GDP rank
183/197
2024
192/197
2024
GDP growth
8.08%
2023-2024
6.67%
2023-2024
GDP per capita
$1,784
2024
$2,289
2024
GDP per capita rank
158/197
2024
151/197
2024
GDP per capita, PPP
$4,055
2024
$3,702
2024
Government debt
$477M
2024
$30.5M
2024
Debt-to-GDP ratio
32.5%
2025
8.77%
2025
Government debt per person
$550
2024
$226.9
2024
Government debt per person rank
165/185
2024
181/185
2024
Average annual personal income after taxes
$1,909
2025
$2,170
2025
Income share by richest 10%
33.6%
2014
22.8%
2019
Income share by poorest 10%
1.6%
2014
4%
2019
Government expenditure, % of GDP
21.6%
2025
126.6%
2025
Consumer prices inflation
3.3%
2024-2025
7.8%
2024-2025
Unemployment rate
4.39%
2021
2.79%
2023
Population
895828
138067

GDP per capita in Comoros vs Kiribati

Comoros' GDP per capita is $1,784, ranking 158/197, compared to $2,289 in Kiribati, ranking 151/197. Adjusted for purchasing power (GDP per capita PPP), Comoros ranks 166th at $4,055, while Kiribati ranks 169th at $3,702.

Comoros
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
Year Current $
Comoros Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 - - $201 -
1971 - - $210.7 -
1972 - - $256.2 -
1973 - - $422 -
1974 - - $1,131 -
1975 - - $730 -
1976 - - $548 -
1977 - - $520 -
1978 - - $611 -
1979 - - $573 -
1980 $628 - $542 -
1981 $565 - $568 -
1982 $515 - $519 -
1983 $522 - $483 -
1984 $489 - $527 -
1985 $507 - $393 -
1986 $699 - $382 -
1987 $822 - $424 -
1988 $845 - $536 -
1989 $788 - $515 -
1990 $966 $1,386 $488 $1,192
1991 $931 $1,323 $540 $1,139
1992 $983 $1,438 $792 $1,421
1993 $956 $1,489 $748 $1,431
1994 $662 $1,415 $838 $1,469
1995 $812 $1,471 $844 $1,518
1996 $794 $1,454 $986 $1,519
1997 $718 $1,512 $953 $1,535
1998 $716 $1,522 $874 $1,593
1999 $727 $1,546 $887 $1,526
2000 $655 $1,719 $845 $1,638
2001 $692 $1,762 $719 $1,591
2002 $762 $1,793 $810 $1,605
2003 $960 $1,831 $1,021 $1,578
2004 $1,091 $1,880 $1,083 $1,579
2005 $1,103 $1,954 $1,162 $1,617
2006 $1,155 $2,026 $1,123 $1,728
2007 $1,290 $2,056 $1,353 $1,792
2008 $1,455 $2,136 $1,411 $1,735
2009 $1,410 $2,244 $1,317 $1,718
2010 $1,387 $2,333 $1,522 $1,724
2011 $1,531 $2,472 $1,771 $1,786
2012 $1,490 $2,679 $1,844 $1,896
2013 $1,603 $2,833 $1,772 $2,049
2014 $1,616 $2,938 $1,737 $2,084
2015 $1,329 $2,949 $1,640 $2,311
2016 $1,365 $3,139 $1,743 $2,463
2017 $1,424 $3,347 $1,853 $2,562
2018 $1,541 $3,305 $1,913 $2,672
2019 $1,519 $3,313 $1,751 $2,763
2020 $1,527 $3,262 $1,752 $2,711
2021 $1,588 $3,449 $2,222 $3,020
2022 $1,534 $3,726 $2,070 $3,329
2023 $1,682 $3,903 $2,178 $3,486
2024 $1,784 $4,055 $2,289 $3,702

Spending and national debt comparison

In 2024, Comoros' government spending was $308M, accounting for 21.6% of its GDP, while Kiribati's spent $302M, or 126.6% of GDP.

Debt-to-GDP ratio is 32.5% in Comoros and 8.77% in Kiribati, ranking 157/185 and 180/185, respectively.

Comoros
Government spending

Government debt
Kiribati
Government spending

Government debt
Year % of GDP
Comoros Kiribati
Government spending Government debt Government spending Government debt
1984 23.3% 150.3% - -
1985 24.8% 142.9% - -
1986 25.6% 136.8% - -
1987 22.4% 128.9% - -
1988 20.2% 120% - -
1989 19.7% 113.8% - -
1990 20.3% 108.1% 105.5% 7.72%
1991 19.9% 103.9% 82.1% 8.43%
1992 20.4% 101% 65.9% 7.31%
1993 16.3% 95.7% 55.3% 10.9%
1994 21.8% 87.8% 54.6% 12.3%
1995 18.4% 77.7% 69.6% 12.3%
1996 15.5% 75.4% 68.4% 11%
1997 14.5% 70.9% 70.9% 10.7%
1998 13.1% 69.4% 74.7% 9.81%
1999 11.5% 64.5% 77.6% 11.8%
2000 9.74% 60.7% 66% 12.7%
2001 13% 53% 101.3% 17%
2002 14.3% 48.2% 96.9% 13.3%
2003 12.8% 44.4% 84.4% 12.3%
2004 11.7% 42.4% 103.8% 13.6%
2005 12.8% 39.9% 95.6% 12.1%
2006 12.5% 38.5% 82.1% 12.9%
2007 13.1% 35.6% 77.3% 11.1%
2008 15.1% 33.2% 79.4% 13.9%
2009 13.7% 31.7% 74.7% 10.3%
2010 13.3% 30.5% 75.7% 9.43%
2011 13.2% 27.7% 80.9% 8.8%
2012 14.9% 25.1% 83.9% 8.13%
2013 14.8% 10.3% 78% 8.86%
2014 14.5% 11.8% 101.2% 8.97%
2015 19.1% 14.3% 90.9% 18.8%
2016 18.9% 16.2% 99% 21.2%
2017 18.8% 18.9% 92.1% 20.2%
2018 19.2% 17% 108.8% 19%
2019 20.1% 21.2% 108.3% 19%
2020 18.8% 24.3% 102.2% 21%
2021 20% 26.3% 84% 17.3%
2022 18.4% 28.2% 87.5% 16.3%
2023 17.9% 28.7% 95.3% 11.4%
2024 19.9% 30.8% 98.1% 9.92%
2025 21.6% 32.5% 126.6% 8.77%

Government deficit by year

In 2024, Comoros' government deficit, the difference between spending and revenue, was -$54.2M, equivalent to -3.5% of GDP. This compares to Kiribati's deficit of -$67.7M, or -22% of GDP.

Over the past 35 years, Comoros recorded a fiscal deficit in 28 of those years, while Kiribati ran a deficit in 19 years. On average, Comoros posted an annual deficit equal to -1.04% of GDP, compared to deficit of -0.38% of GDP for Kiribati.

Deficit/surplus
Comoros

Kiribati
Year Deficit/surplus, % of GDP
Comoros Kiribati
1984 -5.7% -
1985 -5.02% -
1986 -4.83% -
1987 -3.11% -
1988 -2.69% -
1989 -1.31% -
1990 -1.03% -4.62%
1991 -2.26% 3.87%
1992 -1.99% 0.79%
1993 1.27% 6.27%
1994 -3.7% 0.74%
1995 -4.13% -5.14%
1996 -3.43% -20.2%
1997 -1.3% 5.92%
1998 -2% 14.6%
1999 -0.46% -1.81%
2000 -1.14% -0.03%
2001 -2.13% -10.9%
2002 -2.15% 3.13%
2003 -2.05% -8.93%
2004 -0.98% -19.2%
2005 -1.41% -9.96%
2006 -1.51% -12.3%
2007 -1.18% -12.5%
2008 -1.46% -15.8%
2009 0.36% -8.56%
2010 4.2% -7.8%
2011 0.86% -17.6%
2012 1.96% -5.43%
2013 10.5% 11.8%
2014 -0.33% 35%
2015 2.6% 42.5%
2016 -5.52% 20.1%
2017 -0.1% 34.1%
2018 -1.35% 5.18%
2019 -4.3% 10.8%
2020 -0.52% 3.57%
2021 -2.81% -10.8%
2022 -4.17% -18.3%
2023 -1.34% 0.13%
2024 -3.5% -22%
2025 -2.4% -15.1%

Inflation comparison by year

Over the past 30 years, Comoros has recorded an average annual inflation rate of 3.32%, compared with 2.3% in Kiribati. In 2025, inflation was 3.3% in Comoros and 7.8% in Kiribati.

Inflation
Comoros

Kiribati
Year Inflation
Comoros Kiribati Comoros Kiribati
1996 2.4% -1.7%
1997 1.5% 2.6%
1998 1.2% 3.7%
1999 1.1% 1.8%
2000 5.9% 0.4%
2001 5.6% 6%
2002 3.6% 3.2%
2003 3.7% 1.6%
2004 4.5% -0.7%
2005 3% -0.4%
2006 3.4% -1%
2007 4.5% 3.6%
2008 4.8% 13.7%
2009 4.8% 9.8%
2010 3.9% -3.9%
2011 2.2% 1.5%
2012 5.9% -3%
2013 0.4% -1.5%
2014 0% 2.1%
2015 0.9% 0.6%
2016 0.8% 1.9%
2017 0.1% 0.4%
2018 1.7% 0.6%
2019 3.7% -1.8%
2020 0.8% 2.6%
2021 0% 2.1%
2022 12.4% 5.3%
2023 8.5% 9.3%
2024 5% 2.5%
2025 3.3% 7.8%

Balance of trade

Comoros Kiribati
Current account balance
-$24.6M
2023
-$59.5M
2024
Current account balance ranking
77/189
2023
81/189
2024
Current account balance, % of GDP
-1.72%
2023
-19.3%
2024
Goods imports
$299M
2023
$227M
2024
Goods exports
$32.1M
2023
$8.49M
2024
Service imports
$205M
2023
$108M
2024
Service exports
$116M
2023
$7M
2024
Imports of goods and services, % of GDP
34.5%
2024
94.9%
2024
Exports of goods and services, % of GDP
9.91%
2024
6.27%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Comoros Kiribati
Economic freedom 51.4 50.9
Economic freedom ranking 153/197 159/197
Property rights 22.9 68.5
Government integrity 16 48.9
Judicial effectiveness 20.9 59.9
Tax burden 65.3 72.9
Government spending 89.5 0
Fiscal health 86.1 19.7
Business freedom 49.9 62.8
Labor freedom 55.1 65.3
Monetary freedom 71.3 72.5
Trade freedom 64.2 80
Investment freedom 45 30
Financial freedom 30 30

Economic freedom by year comparison

The Economic Freedom Index for Comoros is 51.4, ranking 153/197, compared to 50.9 for Kiribati, ranking 159/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Comoros
Kiribati
Year Economic freedom index
Comoros Kiribati
2009 43.3 45.7
2010 44.9 43.7
2011 43.8 44.8
2012 45.7 46.9
2013 47.5 45.9
2014 51.4 46.3
2015 52.1 46.4
2016 52.4 46.2
2017 55.8 50.9
2018 56.2 50.8
2019 55.4 47.3
2020 53.7 45.2
2021 55.7 44.4
2022 50.4 59.2
2023 53.5 58.8
2024 52 51.3
2025 51.4 50.9

More economic indicators

Comoros Kiribati
Services, % of GDP
50.1%
2024
65.7%
2022
Industry, % of GDP
9.56%
2024
9.86%
2022
Agriculture, forestry, and fishing, % of GDP
36.6%
2024
27.8%
2022
GNI, Atlas method
$1.47B
2024
$487M
2024
GNI per capita, PPP
$4,080
2024
$5,990
2024
Total reserves including gold
$324M
2024
n/a
Total reserves ranking
166/177
2024
n/a
Net foreign direct investment
-$5.35M
2023
-$8.06M
2024
Net inflows of foreign direct investment
$7.1M
2024
$8.07M
2024
Net outflows of foreign direct investment
$1.1M
1990
$16.4K
2024
Servicing debt to the IMF, % of GNI
1.31%
2023
n/a
Poverty at national poverty lines
44.8%
2020
5.5%
2023
Gross capital formation, % of GDP
11.7%
2024
20.4%
2022

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.