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Economy of Comoros vs Mexico compared: GDP & Debt

Updated on by Georank team

Comoros has a GDP of $1.44B compared to $1.86T for Mexico, ranking 183/197 and 13/197 by economy size, respectively.

Comoros has $444M in government debt (34.9% of GDP), compared to $1.08T (61.1% of GDP) in Mexico.

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 $
Mexico
GDP, current $

GDP, constant 2015 $
Year GDP
Comoros Mexico
Current $ Constant $ Current $ Constant $
1960 - - $13,040,000,000 $152,252,652,597
1961 - - $14,160,000,000 $159,865,285,228
1962 - - $15,200,000,000 $167,322,065,048
1963 - - $16,960,000,000 $180,886,675,667
1964 - - $20,080,000,000 $202,422,104,046
1965 - - $21,840,000,000 $216,794,073,428
1966 - - $24,320,000,000 $230,010,142,144
1967 - - $26,560,000,000 $243,477,063,181
1968 - - $29,360,000,000 $266,420,585,703
1969 - - $32,480,000,000 $275,528,493,192
1970 - - $35,520,000,000 $293,444,689,473
1971 - - $39,200,000,000 $304,485,451,088
1972 - - $45,200,000,000 $329,540,972,152
1973 - - $55,280,000,000 $355,446,582,963
1974 - - $72,000,000,000 $375,980,117,957
1975 - - $88,000,000,000 $397,578,239,619
1976 - - $88,875,923,765 $415,141,036,252
1977 - - $81,912,018,784 $429,216,973,065
1978 - - $102,648,570,299 $467,661,689,804
1979 - - $134,531,900,899 $513,016,316,147
1980 $243,390,496 $395,630,757 $205,577,055,466 $557,939,217,935
1981 $212,958,382 $417,240,048 $263,797,827,860 $611,422,385,105
1982 $202,152,462 $434,171,255 $184,602,611,610 $611,119,202,966
1983 $196,193,380 $447,600,447 $156,167,000,433 $582,860,269,033
1984 $189,102,734 $466,249,920 $184,230,754,105 $603,338,559,533
1985 $191,944,892 $479,207,636 $195,241,069,482 $614,917,928,412
1986 $258,143,903 $489,132,194 $134,556,034,673 $590,751,900,359
1987 $313,292,323 $499,295,109 $147,542,558,209 $602,941,257,830
1988 $336,422,522 $524,113,053 $181,611,150,497 $610,286,657,410
1989 $328,665,081 $519,306,622 $221,403,098,267 $632,412,287,308
1990 $401,561,022 $557,417,554 $261,253,675,693 $665,614,206,223
1991 $400,592,663 $523,041,756 $313,139,656,146 $692,078,394,538
1992 $436,552,922 $561,527,248 $363,157,832,924 $716,775,997,862
1993 $427,750,823 $575,831,289 $530,160,763,663 $737,325,961,811
1994 $314,789,556 $552,875,674 $553,618,247,901 $769,725,007,522
1995 $392,774,714 $584,042,819 $380,157,469,867 $724,231,953,300
1996 $392,488,149 $581,062,047 $432,157,945,024 $769,266,848,274
1997 $362,816,806 $606,689,356 $523,449,530,464 $824,645,415,966
1998 $363,932,160 $606,841,276 $557,461,102,631 $875,650,385,843
1999 $371,921,712 $623,211,951 $631,249,359,702 $899,774,820,110
2000 $339,504,306 $616,936,089 $742,061,329,749 $945,027,051,118
2001 $372,746,486 $650,371,556 $796,064,590,549 $940,766,441,516
2002 $427,360,070 $680,273,576 $810,666,116,402 $938,540,700,989
2003 $546,830,041 $693,432,979 $765,549,967,703 $949,667,522,096
2004 $622,679,660 $714,932,259 $819,459,227,375 $983,527,357,382
2005 $655,375,096 $755,434,619 $917,571,853,529 $1,004,311,720,994
2006 $688,498,642 $742,180,920 $1,020,265,057,882 $1,052,569,035,046
2007 $795,673,153 $748,145,085 $1,102,355,554,972 $1,074,439,987,409
2008 $915,659,108 $777,806,128 $1,161,553,459,715 $1,084,575,522,160
2009 $905,341,173 $803,011,729 $943,437,415,025 $1,016,298,775,551
2010 $907,978,731 $833,348,554 $1,105,424,238,731 $1,066,822,388,049
2011 $1,023,086,274 $867,878,892 $1,229,013,703,417 $1,103,564,231,782
2012 $1,015,843,491 $895,376,387 $1,255,110,424,818 $1,142,776,194,808
2013 $1,116,224,107 $935,365,362 $1,327,436,290,283 $1,152,513,808,585
2014 $1,149,587,661 $955,070,416 $1,364,507,717,614 $1,181,370,028,690
2015 $966,029,601 $966,029,601 $1,213,294,467,717 $1,213,294,467,717
2016 $1,012,835,493 $998,105,647 $1,112,233,497,453 $1,234,800,030,120
2017 $1,077,439,757 $1,036,190,385 $1,190,721,475,906 $1,257,912,134,612
2018 $1,178,530,633 $1,073,934,613 $1,256,300,182,880 $1,282,719,194,578
2019 $1,187,915,409 $1,092,843,397 $1,304,106,203,902 $1,277,682,078,094
2020 $1,218,763,671 $1,090,706,042 $1,121,064,767,308 $1,170,944,075,446
2021 $1,272,238,391 $1,112,522,258 $1,316,569,466,686 $1,241,768,434,200
2022 $1,222,485,532 $1,141,481,328 $1,466,934,724,293 $1,287,835,026,750
2023 $1,326,836,543 $1,175,671,155 $1,798,317,581,487 $1,331,023,107,620
2024 $1,440,991,455 $1,214,916,247 $1,856,365,616,166 $1,350,022,500,029

Economic indicators

Comoros Mexico
Gross domestic product
$1.44B
2024
$1.86T
2024
GDP rank
183/197
2024
13/197
2024
GDP growth
8.6%
2023-2024
3.23%
2023-2024
GDP per capita
$1,663
2024
$14,186
2024
GDP per capita rank
161/197
2024
69/197
2024
GDP per capita, PPP
$3,959
2024
$25,739
2024
Government debt
$444M
2024
$1.08T
2024
Debt-to-GDP ratio
34.9%
2026
61.1%
2026
Government debt per person
$513
2024
$8,288
2024
Government debt per person rank
167/185
2024
64/185
2024
Average annual personal income after taxes
$1,909
2026
$9,601
2026
Market capitalization of domestic companies n/a
$418B
2024
Number of millionaires n/a
331,538
2024
Number of billionaires n/a
22
2025
Income share by richest 10%
33.6%
2014
34.4%
2022
Income share by poorest 10%
1.6%
2014
2.1%
2022
Government expenditure, % of GDP
18.8%
2026
27.6%
2026
Consumer prices inflation
1.9%
2025-2026
4.72%
2023-2024
Central bank interest rate n/a
7.75%
2025
Unemployment rate
4.39%
2021
2.62%
2024
Population
899184
133008812

GDP per capita in Comoros vs Mexico

Comoros' GDP per capita is $1,663, ranking 161/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Comoros ranks 167th at $3,959, while Mexico ranks 81st at $25,739.

Comoros
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
Year Current $
Comoros Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $355 -
1961 - - $374 -
1962 - - $388 -
1963 - - $420 -
1964 - - $481 -
1965 - - $506 -
1966 - - $545 -
1967 - - $576 -
1968 - - $616 -
1969 - - $660 -
1970 - - $699 -
1971 - - $748 -
1972 - - $837 -
1973 - - $993 -
1974 - - $1,256 -
1975 - - $1,492 -
1976 - - $1,465 -
1977 - - $1,315 -
1978 - - $1,604 -
1979 - - $2,049 -
1980 $721 - $3,055 -
1981 $613 - $3,829 -
1982 $566 - $2,621 -
1983 $534 - $2,170 -
1984 $501 - $2,506 -
1985 $494 - $2,602 -
1986 $646 - $1,757 -
1987 $763 - $1,888 -
1988 $798 - $2,279 -
1989 $759 - $2,725 -
1990 $903 $1,546 $3,154 $8,578
1991 $879 $1,464 $3,709 $9,079
1992 $939 $1,575 $4,221 $9,470
1993 $903 $1,623 $6,048 $9,041
1994 $653 $1,564 $6,202 $9,466
1995 $801 $1,657 $4,184 $8,933
1996 $786 $1,651 $4,674 $9,496
1997 $715 $1,723 $5,567 $10,183
1998 $704 $1,713 $5,833 $10,756
1999 $707 $1,753 $6,500 $11,031
2000 $633 $1,741 $7,524 $11,704
2001 $681 $1,838 $7,953 $11,739
2002 $765 $1,912 $7,983 $11,762
2003 $960 $1,949 $7,434 $12,066
2004 $1,072 $2,025 $7,850 $12,658
2005 $1,106 $2,162 $8,672 $13,260
2006 $1,138 $2,146 $9,513 $14,542
2007 $1,290 $2,178 $10,134 $15,032
2008 $1,455 $2,262 $10,524 $15,681
2009 $1,410 $2,304 $8,424 $15,193
2010 $1,387 $2,372 $9,729 $15,909
2011 $1,531 $2,472 $10,664 $17,267
2012 $1,490 $2,679 $10,744 $18,005
2013 $1,603 $2,833 $11,217 $18,170
2014 $1,616 $2,938 $11,391 $18,821
2015 $1,329 $2,949 $10,021 $19,075
2016 $1,365 $3,139 $9,098 $20,105
2017 $1,424 $3,347 $9,649 $20,489
2018 $1,527 $3,276 $10,085 $20,921
2019 $1,510 $3,293 $10,370 $20,964
2020 $1,519 $3,245 $8,841 $19,354
2021 $1,555 $3,378 $10,314 $20,783
2022 $1,465 $3,642 $11,406 $23,387
2023 $1,560 $3,812 $13,861 $24,917
2024 $1,663 $3,959 $14,186 $25,739

Spending and national debt comparison

In 2024, Comoros' government spending was $287M, accounting for 18.8% of its GDP, while Mexico's spent $564B, or 27.6% of GDP.

Debt-to-GDP ratio is 34.9% in Comoros and 61.1% in Mexico, ranking 147/185 and 79/185, respectively.

Comoros
Government spending

Government debt
Mexico
Government spending

Government debt
Year % of GDP
Comoros Mexico
Government spending Government debt Government spending Government debt
1960 - - 9.5% 4.58%
1961 - - 8.01% 4.38%
1962 - - 8.26% 4.2%
1963 - - 8.51% 4.13%
1964 - - 9.21% 6.22%
1965 - - 10.7% 9.99%
1966 - - 11.6% 5.14%
1967 - - 10.4% 8.22%
1968 - - 10.9% 7.85%
1969 - - 11.8% 10.7%
1970 - - 10.9% 17.1%
1971 - - 10.6% 17%
1972 - - 11.9% 17.9%
1973 - - 12.7% 20%
1974 - - 13.8% 21.7%
1975 - - 14.7% 24.4%
1976 - - 15.5% 31.3%
1977 - - 15.5% 41.5%
1978 - - 15.7% 39%
1979 - - 16.5% 35.8%
1980 - - 17.5% 31.4%
1981 - - 20.1% 41.7%
1982 - - 24.7% 29.8%
1983 - - 21.6% 25.3%
1984 23.3% 150.3% 19.8% 25.2%
1985 24.8% 142.9% 21.4% 30.4%
1986 25.6% 136.8% 25.1% 47.8%
1987 22.4% 128.9% 26.7% 52.7%
1988 20.2% 120% 23.6% 36.5%
1989 19.7% 113.8% 19.2% 36%
1990 20.3% 108.1% 22.9% 35.7%
1991 19.9% 103.9% 20.1% 29.2%
1992 20.4% 101% 19% 21.5%
1993 16.3% 95.7% 18.2% 19.2%
1994 21.8% 87.8% 18.9% 26.8%
1995 18.4% 77.7% 18.9% 30.7%
1996 15.5% 75.4% 20.8% 42.5%
1997 14.5% 70.9% 20.7% 39.1%
1998 13.1% 69.4% 19.5% 39.7%
1999 11.5% 64.5% 20.1% 41.7%
2000 9.74% 60.7% 19.4% 38.5%
2001 13% 53% 19.5% 37.3%
2002 14.3% 48.2% 19.8% 39.9%
2003 12.8% 44.4% 21.5% 42.1%
2004 11.7% 42.4% 20.5% 38.9%
2005 12.8% 39.9% 21.2% 36.8%
2006 12.5% 38.5% 21.6% 35.8%
2007 13.1% 35.6% 22.5% 35.5%
2008 15.1% 33.2% 26.5% 40.6%
2009 13.7% 31.7% 26.5% 41.7%
2010 13.3% 30.5% 26.5% 40.2%
2011 13.2% 27.7% 26.6% 41.2%
2012 14.9% 25.1% 27% 40.8%
2013 14.8% 10.3% 26.7% 44.1%
2014 14.5% 11.8% 26.9% 47.1%
2015 19.1% 14.3% 26.6% 51%
2016 18.9% 16.2% 26.5% 55%
2017 18.8% 18.9% 25% 52.5%
2018 19.2% 17% 25% 52.2%
2019 20.1% 21.2% 25.3% 51.9%
2020 18.8% 24.3% 27.8% 58.5%
2021 20% 26.3% 26.7% 56.7%
2022 18.4% 28.2% 28.5% 53.8%
2023 17.9% 28.7% 28.6% 52.8%
2024 19.9% 30.8% 30.4% 58.4%
2025 21.6% 32.5% 29% 60.7%
2026 18.8% 34.9% 27.6% 61.1%

Government deficit by year

In 2024, Comoros' government deficit, the difference between spending and revenue, was -$50.5M, equivalent to -3.5% of GDP. This compares to Mexico's deficit of -$106B, or -5.72% of GDP.

Over the past 41 years, Comoros recorded a fiscal deficit in 34 of those years, while Mexico ran a deficit in 39 years. On average, Comoros posted an annual deficit equal to -1.44% of GDP, compared to deficit of -3.5% of GDP for Mexico.

Deficit/surplus
Comoros

Mexico
Year Deficit/surplus, % of GDP
Comoros Mexico
1900 - 0.76%
1901 - 0.62%
1902 - 0.42%
1903 - 3.82%
1904 - 1.09%
1905 - 0.35%
1906 - 0.72%
1907 - 0.43%
1908 - -0.08%
1909 - 0.15%
1910 - 0.1%
1911 - -0.31%
1912 - -0.79%
1913 - 0.28%
1914 - 0.28%
1915 - 0.28%
1916 - 0.28%
1917 - 0.63%
1918 - -0.19%
1919 - 0.41%
1920 - 0.91%
1921 - 0.64%
1922 - 1.13%
1923 - 1.02%
1924 - 1.34%
1925 - 0.46%
1926 - -0.29%
1927 - -0.3%
1928 - 0.24%
1929 - 0.95%
1930 - 0.21%
1931 - 0.71%
1932 - 0%
1933 - -0.58%
1934 - 0.72%
1935 - 0.26%
1936 - -0.39%
1937 - -0.41%
1938 - -0.91%
1939 - -0.06%
1940 - -0.4%
1941 - -0.26%
1942 - -0.93%
1943 - 0.05%
1944 - -1.12%
1945 - -1.11%
1946 - 0.66%
1947 - -0.93%
1948 - -1.55%
1949 - 0.44%
1950 - -0.2%
1951 - -0.26%
1952 - 0.42%
1953 - -0.58%
1954 - -0.94%
1955 - 0.6%
1956 - 0.52%
1957 - -0.03%
1958 - 0.24%
1959 - -0.73%
1960 - -1.36%
1961 - -0.88%
1962 - -0.79%
1963 - -0.92%
1964 - -1.44%
1965 - -2.51%
1966 - -3.2%
1967 - -2.12%
1968 - -2.06%
1969 - -2.74%
1970 - -1.71%
1971 - -1.43%
1972 - -2.3%
1973 - -2.75%
1974 - -3.33%
1975 - -2.64%
1976 - -3.14%
1977 - -2.43%
1978 - -1.88%
1979 - -2.15%
1980 - -1.75%
1981 - -4.9%
1982 - -11.4%
1983 - -6.03%
1984 -5.7% -5.79%
1985 -5.02% -7.2%
1986 -4.83% -11.2%
1987 -3.11% -11.6%
1988 -2.69% -8.76%
1989 -1.31% -4.75%
1990 -1.03% -3.11%
1991 -2.26% 1.49%
1992 -1.99% 2.26%
1993 1.27% -1.51%
1994 -3.7% -2.25%
1995 -4.13% -2.28%
1996 -3.43% -3.66%
1997 -1.3% -3.48%
1998 -2% -4.49%
1999 -0.46% -4.49%
2000 -1.14% -2.69%
2001 -2.13% -2.57%
2002 -2.15% -2.18%
2003 -2.05% -2.24%
2004 -0.98% -1.35%
2005 -1.41% -1.43%
2006 -1.51% -1.23%
2007 -1.18% -1.46%
2008 -1.46% -0.68%
2009 0.36% -3.94%
2010 4.2% -3.8%
2011 0.86% -3.2%
2012 1.96% -3.57%
2013 10.5% -3.56%
2014 -0.33% -4.37%
2015 2.6% -3.86%
2016 -5.52% -2.68%
2017 -0.1% -1.03%
2018 -1.35% -2.14%
2019 -4.3% -2.27%
2020 -0.52% -4.29%
2021 -2.81% -3.75%
2022 -4.17% -4.32%
2023 -1.34% -4.3%
2024 -3.5% -5.72%
2025 -2.4% -4.02%
2026 -2.89% -3.27%

Inflation comparison by year

Over the past 28 years, Comoros has recorded an average annual inflation rate of 3.35%, compared with 6.15% in Mexico. In 2024, inflation was 1.9% in Comoros and 4.72% in Mexico.

Inflation
Comoros

Mexico
Year Inflation
Comoros Mexico
1997 1.5% 20.6%
1998 1.2% 15.9%
1999 1.1% 16.6%
2000 5.9% 9.49%
2001 5.6% 6.37%
2002 3.6% 5.03%
2003 3.7% 4.55%
2004 4.5% 4.69%
2005 3% 3.99%
2006 3.4% 3.63%
2007 4.5% 3.97%
2008 4.8% 5.12%
2009 4.8% 5.3%
2010 3.9% 4.16%
2011 2.2% 3.41%
2012 5.9% 4.11%
2013 0.4% 3.81%
2014 0% 4.02%
2015 0.9% 2.72%
2016 0.8% 2.82%
2017 0.1% 6.04%
2018 1.7% 4.9%
2019 3.7% 3.64%
2020 0.8% 3.4%
2021 0% 5.69%
2022 12.4% 7.9%
2023 8.5% 5.53%
2024 5% 4.72%
2025 3.3% -
2026 1.9% -

Top exports between countries

Comoros
Export category Export value
Raw agricultural goods $412K
Mexico
Export category Export value

Balance of trade

Comoros Mexico
Current account balance
-$24.6M
2023
-$16.7B
2024
Current account balance ranking
80/190
2023
181/190
2024
Current account balance, % of GDP
-1.86%
2023
-0.9%
2024
Goods imports
$299M
2023
$637B
2024
Goods exports
$32.1M
2023
$618B
2024
Service imports
$205M
2023
$72B
2024
Service exports
$116M
2023
$63B
2024
Imports of goods and services, % of GDP
34.5%
2024
37.9%
2024
Exports of goods and services, % of GDP
9.91%
2024
36.7%
2024

Economic freedom indices

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

Comoros Mexico
Economic freedom 51.4 61.3
Economic freedom ranking 153/197 88/197
Property rights 22.9 41.1
Government integrity 16 29.5
Judicial effectiveness 20.9 39.9
Tax burden 65.3 75.6
Government spending 89.5 76.5
Fiscal health 86.1 67.3
Business freedom 49.9 71.9
Labor freedom 55.1 57.6
Monetary freedom 71.3 69.3
Trade freedom 64.2 72.2
Investment freedom 45 75
Financial freedom 30 60

Economic freedom by year comparison

The Economic Freedom Index for Comoros is 51.4, ranking 153/197, compared to 61.3 for Mexico, ranking 88/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Comoros
Mexico
Year Economic freedom index
Comoros Mexico
1995 - 63.1
1996 - 61.2
1997 - 57.1
1998 - 57.9
1999 - 58.5
2000 - 59.3
2001 - 60.6
2002 - 63
2003 - 65.3
2004 - 66
2005 - 65.2
2006 - 64.7
2007 - 66
2008 - 66.2
2009 43.3 65.8
2010 44.9 68.3
2011 43.8 67.8
2012 45.7 65.3
2013 47.5 67
2014 51.4 66.8
2015 52.1 66.4
2016 52.4 65.2
2017 55.8 63.6
2018 56.2 64.8
2019 55.4 64.7
2020 53.7 66
2021 55.7 65.5
2022 50.4 63.7
2023 53.5 63.2
2024 52 62
2025 51.4 61.3

More economic indicators

Comoros Mexico
Services, % of GDP
50.1%
2024
58.1%
2024
Industry, % of GDP
9.56%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
36.6%
2024
3.72%
2024
GNI, Atlas method
$1.38B
2024
$1.68T
2024
GNI per capita, PPP
$3,980
2024
$25,030
2024
Total reserves including gold
$324M
2024
$232B
2024
Total reserves ranking
166/177
2024
16/177
2024
Net foreign direct investment
-$5.35M
2023
-$32.3B
2024
Net inflows of foreign direct investment
$7.1M
2024
$45.3B
2024
Net outflows of foreign direct investment
$0
2024
$13B
2024
Servicing debt to the IMF, % of GNI
1.7%
2024
3.71%
2024
Poverty at national poverty lines
44.8%
2020
29.6%
2024
Gross capital formation, % of GDP
11.7%
2024
24.1%
2024

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.