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Economy of Comoros vs Thailand compared: GDP & Debt

Updated on by Georank team

Comoros has a GDP of $1.55B compared to $526B for Thailand, ranking 183/197 and 30/197 by economy size, respectively.

Comoros has $477M in government debt (32.5% of GDP), compared to $333B (64.5% of GDP) in Thailand.

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 $
Thailand
GDP, current $

GDP, constant 2015 $
Year GDP
Comoros Thailand
Current $ Constant $ Current $ Constant $
1960 - - $2,760,750,861 $15,908,737,340
1961 - - $3,034,037,811 $16,761,787,111
1962 - - $3,308,912,797 $18,028,015,160
1963 - - $3,540,403,457 $19,470,225,867
1964 - - $3,889,129,942 $20,800,236,245
1965 - - $4,388,937,649 $22,502,041,173
1966 - - $5,279,230,817 $25,004,834,864
1967 - - $5,638,461,442 $27,159,247,019
1968 - - $6,081,009,428 $29,365,194,461
1969 - - $6,695,336,567 $31,288,808,475
1970 - - $7,086,538,438 $34,858,219,809
1971 - - $7,375,000,024 $36,564,659,955
1972 - - $8,177,873,151 $38,129,081,871
1973 - - $10,838,587,358 $42,032,139,795
1974 - - $13,702,998,512 $43,909,401,662
1975 - - $14,882,770,594 $46,091,876,858
1976 - - $16,985,208,648 $50,390,779,136
1977 - - $19,779,312,261 $55,350,976,955
1978 - - $24,006,566,637 $61,049,773,247
1979 - - $27,371,650,825 $64,329,224,522
1980 $212,218,262 $339,631,220 $32,353,514,989 $67,657,323,331
1981 $196,349,932 $352,757,725 $34,846,039,194 $71,653,751,952
1982 $184,009,014 $375,275,369 $36,589,772,404 $75,488,910,650
1983 $191,621,955 $393,368,903 $40,042,798,388 $79,704,364,262
1984 $184,697,226 $409,537,545 $41,797,647,776 $84,289,302,224
1985 $196,726,096 $418,874,840 $38,900,711,333 $88,206,428,693
1986 $279,197,722 $426,697,798 $43,096,773,981 $93,087,620,536
1987 $337,525,853 $433,686,187 $50,535,446,555 $101,948,580,889
1988 $356,500,033 $445,340,980 $61,667,253,471 $115,495,624,612
1989 $341,476,768 $431,177,995 $72,250,748,100 $129,575,125,644
1990 $429,622,178 $453,130,286 $85,343,190,719 $144,044,991,708
1991 $424,108,770 $428,681,020 $98,234,714,971 $156,372,737,079
1992 $457,388,652 $465,251,719 $111,452,746,518 $169,012,952,180
1993 $452,881,475 $479,237,471 $128,889,262,951 $182,959,758,879
1994 $319,189,184 $453,949,150 $146,683,778,959 $197,591,095,928
1995 $398,461,797 $470,337,651 $169,278,916,593 $213,636,116,013
1996 $396,053,806 $464,262,352 $183,035,237,429 $225,710,710,648
1997 $364,445,601 $482,972,838 $150,180,456,566 $219,495,596,601
1998 $370,106,746 $489,167,041 $113,675,596,788 $202,739,225,305
1999 $382,454,990 $498,580,614 $126,669,211,779 $212,009,086,619
2000 $351,136,580 $552,666,034 $126,392,224,254 $221,454,615,182
2001 $378,512,024 $565,559,219 $120,296,476,180 $229,082,063,572
2002 $425,964,681 $578,708,159 $134,300,904,400 $243,168,402,250
2003 $546,885,223 $590,883,436 $152,280,615,246 $260,650,370,325
2004 $633,706,111 $602,226,388 $172,895,685,155 $277,043,563,911
2005 $653,845,169 $619,314,850 $189,318,408,469 $288,645,146,658
2006 $698,431,794 $635,707,838 $221,758,296,022 $302,984,491,695
2007 $795,673,153 $640,793,770 $262,942,621,455 $319,452,158,417
2008 $915,659,108 $666,198,752 $291,382,982,431 $324,964,940,637
2009 $905,341,173 $709,414,591 $281,710,630,187 $322,720,673,508
2010 $907,979,446 $743,473,998 $341,104,766,329 $346,967,938,038
2011 $1,023,087,476 $787,250,882 $370,818,739,624 $349,882,927,004
2012 $1,015,842,907 $836,931,449 $397,558,325,279 $375,224,234,354
2013 $1,116,223,107 $911,646,575 $420,333,654,593 $385,308,369,004
2014 $1,149,587,624 $947,161,529 $407,339,040,198 $389,101,609,926
2015 $966,029,600 $966,029,600 $401,296,238,228 $401,296,238,228
2016 $1,012,835,493 $992,887,430 $413,366,349,748 $415,081,396,923
2017 $1,077,439,756 $1,048,451,293 $456,356,813,537 $432,422,173,710
2018 $1,188,797,450 $1,091,014,284 $506,754,208,404 $450,682,801,200
2019 $1,195,019,531 $1,130,604,685 $543,976,691,794 $460,212,749,510
2020 $1,225,039,196 $1,175,888,998 $500,461,898,480 $432,369,701,127
2021 $1,299,039,312 $1,207,941,362 $506,194,668,790 $439,080,796,987
2022 $1,279,542,248 $1,241,985,921 $495,644,697,588 $450,410,744,555
2023 $1,430,523,436 $1,280,048,597 $515,906,283,941 $459,498,911,647
2024 $1,546,164,420 $1,323,426,672 $526,411,265,428 $471,105,678,432

Economic indicators

Comoros Thailand
Gross domestic product
$1.55B
2024
$526B
2024
GDP rank
183/197
2024
30/197
2024
GDP growth
8.08%
2023-2024
2.04%
2023-2024
GDP per capita
$1,784
2024
$7,345
2024
GDP per capita rank
158/197
2024
102/197
2024
GDP per capita, PPP
$4,055
2024
$24,708
2024
Government debt
$477M
2024
$333B
2024
Debt-to-GDP ratio
32.5%
2025
64.5%
2025
Government debt per person
$550
2024
$4,642
2024
Government debt per person rank
165/185
2024
84/185
2024
Average annual personal income after taxes
$1,909
2025
$7,948
2025
Market capitalization of domestic companies n/a
$520B
2024
Number of millionaires n/a
100,001
2024
Number of billionaires n/a
25
2025
Income share by richest 10%
33.6%
2014
26.1%
2023
Income share by poorest 10%
1.6%
2014
3.4%
2023
Government expenditure, % of GDP
21.6%
2025
24%
2025
Consumer prices inflation
3.3%
2024-2025
1.37%
2023-2024
Central bank interest rate n/a
1.5%
2025
Unemployment rate
4.39%
2021
0.78%
2024
Population
895828
71619867

GDP per capita in Comoros vs Thailand

Comoros' GDP per capita is $1,784, ranking 158/197, compared to $7,345 in Thailand, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Comoros ranks 166th at $4,055, while Thailand ranks 82nd at $24,708.

Comoros
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
Year Current $
Comoros Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $102.8 -
1961 - - $109.7 -
1962 - - $116.2 -
1963 - - $120.7 -
1964 - - $128.6 -
1965 - - $140.9 -
1966 - - $164.5 -
1967 - - $170.7 -
1968 - - $178.8 -
1969 - - $191.4 -
1970 - - $197.1 -
1971 - - $199.7 -
1972 - - $215.6 -
1973 - - $278.3 -
1974 - - $343 -
1975 - - $364 -
1976 - - $405 -
1977 - - $462 -
1978 - - $548 -
1979 - - $612 -
1980 $628 - $709 -
1981 $565 - $748 -
1982 $515 - $770 -
1983 $522 - $827 -
1984 $489 - $847 -
1985 $507 - $774 -
1986 $699 - $842 -
1987 $822 - $970 -
1988 $845 - $1,164 -
1989 $788 - $1,342 -
1990 $966 $1,386 $1,559 $4,451
1991 $931 $1,323 $1,766 $4,914
1992 $983 $1,438 $1,972 $5,347
1993 $956 $1,489 $2,245 $5,834
1994 $662 $1,415 $2,518 $6,341
1995 $812 $1,471 $2,864 $6,901
1996 $794 $1,454 $3,055 $7,322
1997 $718 $1,512 $2,473 $7,148
1998 $716 $1,522 $1,848 $6,590
1999 $727 $1,546 $2,033 $6,901
2000 $655 $1,719 $2,006 $7,289
2001 $692 $1,762 $1,890 $7,632
2002 $762 $1,793 $2,090 $8,148
2003 $960 $1,831 $2,348 $8,824
2004 $1,091 $1,880 $2,642 $9,545
2005 $1,103 $1,954 $2,868 $10,169
2006 $1,155 $2,026 $3,331 $10,912
2007 $1,290 $2,056 $3,919 $11,723
2008 $1,455 $2,136 $4,309 $12,062
2009 $1,410 $2,244 $4,135 $11,964
2010 $1,387 $2,333 $4,974 $12,932
2011 $1,531 $2,472 $5,374 $13,227
2012 $1,490 $2,679 $5,726 $14,617
2013 $1,603 $2,833 $6,018 $15,216
2014 $1,616 $2,938 $5,801 $15,365
2015 $1,329 $2,949 $5,689 $15,791
2016 $1,365 $3,139 $5,834 $16,671
2017 $1,424 $3,347 $6,413 $17,573
2018 $1,541 $3,305 $7,100 $18,876
2019 $1,519 $3,313 $7,606 $19,963
2020 $1,527 $3,262 $6,986 $19,164
2021 $1,588 $3,449 $7,057 $20,243
2022 $1,534 $3,726 $6,909 $22,243
2023 $1,682 $3,903 $7,195 $23,519
2024 $1,784 $4,055 $7,345 $24,708

Spending and national debt comparison

In 2024, Comoros' government spending was $308M, accounting for 21.6% of its GDP, while Thailand's spent $120B, or 24% of GDP.

Debt-to-GDP ratio is 32.5% in Comoros and 64.5% in Thailand, ranking 157/185 and 68/185, respectively.

Comoros
Government spending

Government debt
Thailand
Government spending

Government debt
Year % of GDP
Comoros Thailand
Government spending Government debt Government spending Government debt
1960 - - 12.1% 14.3%
1961 - - 9.58% 12.9%
1962 - - 11.9% 13.4%
1963 - - 12% 12.6%
1964 - - 13.3% 13.3%
1965 - - 14.7% 14.8%
1966 - - 14.7% 14.4%
1967 - - 15.5% 15%
1968 - - 16% 15.5%
1969 - - 15.9% 17.7%
1970 - - 17.6% 18.5%
1971 - - 18.8% 21.5%
1972 - - 18.5% 26.8%
1973 - - 15.9% 21.2%
1974 - - 13.2% 16.3%
1975 - - 14.2% 15.8%
1976 - - 15.6% 22%
1977 - - 16.1% 22.4%
1978 - - 16.6% 22.8%
1979 - - 16.9% 23.7%
1980 - - 18.7% 22.1%
1981 - - 19.1% 24.4%
1982 - - 20.2% 27.1%
1983 - - 19.5% 28.9%
1984 23.3% 150.3% 19.3% 30.6%
1985 24.8% 142.9% 20.5% 36.8%
1986 25.6% 136.8% 19.5% 40.1%
1987 22.4% 128.9% 17.5% 38.8%
1988 20.2% 120% 15.1% 30.3%
1989 19.7% 113.8% 16.5% 23.7%
1990 20.3% 108.1% 16.6% 18%
1991 19.9% 103.9% 17% 14.1%
1992 20.4% 101% 17.8% 11.4%
1993 16.3% 95.7% 18.8% 9.14%
1994 21.8% 87.8% 16% 6.69%
1995 18.4% 77.7% 17.2% 5.12%
1996 15.5% 75.4% 18% 15.2%
1997 14.5% 70.9% 21.6% 40.5%
1998 13.1% 69.4% 23.9% 49.9%
1999 11.5% 64.5% 26.5% 56.6%
2000 9.74% 60.7% 19.3% 57.8%
2001 13% 53% 20.8% 57.5%
2002 14.3% 48.2% 25.7% 54.9%
2003 12.8% 44.4% 18.3% 47.5%
2004 11.7% 42.4% 19.3% 46.3%
2005 12.8% 39.9% 19.6% 45.5%
2006 12.5% 38.5% 18.7% 39.2%
2007 13.1% 35.6% 20% 36%
2008 15.1% 33.2% 19.2% 34.9%
2009 13.7% 31.7% 21.7% 42.4%
2010 13.3% 30.5% 22% 39.8%
2011 13.2% 27.7% 21.1% 39.1%
2012 14.9% 25.1% 22.3% 41.9%
2013 14.8% 10.3% 21.6% 42.2%
2014 14.5% 11.8% 22.2% 43.3%
2015 19.1% 14.3% 22.3% 42.6%
2016 18.9% 16.2% 21.4% 41.7%
2017 18.8% 18.9% 21.5% 41.8%
2018 19.2% 17% 21.2% 41.9%
2019 20.1% 21.2% 20.6% 41.1%
2020 18.8% 24.3% 24.9% 49.4%
2021 20% 26.3% 26.8% 58.3%
2022 18.4% 28.2% 24.7% 60.5%
2023 17.9% 28.7% 22.8% 62.3%
2024 19.9% 30.8% 22.7% 63.2%
2025 21.6% 32.5% 24% 64.5%

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 Thailand's deficit of -$6.81B, or -1.29% of GDP.

Over the past 41 years, Comoros recorded a fiscal deficit in 34 of those years, while Thailand ran a deficit in 21 years. On average, Comoros posted an annual deficit equal to -1.44% of GDP, compared to deficit of -0.94% of GDP for Thailand.

Deficit/surplus
Comoros

Thailand
Year Deficit/surplus, % of GDP
Comoros Thailand
1948 - -0.1%
1949 - 0.7%
1950 - -0.7%
1951 - -3.54%
1952 - -2.4%
1953 - -3.56%
1954 - -3.46%
1955 - -1.65%
1956 - -1.38%
1957 - -1.31%
1958 - -0.91%
1959 - -1.15%
1960 - 0.48%
1961 - 0.05%
1962 - -0.27%
1963 - -0.81%
1964 - -1.01%
1965 - -1.05%
1966 - -1.13%
1967 - -2.1%
1968 - -2.79%
1969 - -2.53%
1970 - -3.73%
1971 - -5.47%
1972 - -4.81%
1973 - -2.7%
1974 - 1.29%
1975 - -1.73%
1976 - -3.35%
1977 - -2.91%
1978 - -3.31%
1979 - -3.62%
1980 - -4.41%
1981 - -4.07%
1982 - -6.18%
1983 - -4.02%
1984 -5.7% -3.85%
1985 -5.02% -5.11%
1986 -4.83% -4.32%
1987 -3.11% -2.38%
1988 -2.69% 0.58%
1989 -1.31% 0.16%
1990 -1.03% 1.41%
1991 -2.26% 1.6%
1992 -1.99% -0.18%
1993 1.27% 6.67%
1994 -3.7% 2.78%
1995 -4.13% 3.05%
1996 -3.43% 2.75%
1997 -1.3% -1.68%
1998 -2% -6.29%
1999 -0.46% -9.02%
2000 -1.14% -1.79%
2001 -2.13% -1.77%
2002 -2.15% -6.72%
2003 -2.05% 1.98%
2004 -0.98% 1.11%
2005 -1.41% 2.17%
2006 -1.51% 1.87%
2007 -1.18% 0.22%
2008 -1.46% 0.8%
2009 0.36% -2.21%
2010 4.2% -1.07%
2011 0.86% 0.09%
2012 1.96% -0.86%
2013 10.5% 0.6%
2014 -0.33% -0.7%
2015 2.6% 0.19%
2016 -5.52% 0.41%
2017 -0.1% -0.42%
2018 -1.35% 0.2%
2019 -4.3% 0.43%
2020 -0.52% -4.47%
2021 -2.81% -6.74%
2022 -4.17% -4.61%
2023 -1.34% -1.98%
2024 -3.5% -1.29%
2025 -2.4% -3.07%

Inflation comparison by year

Over the past 29 years, Comoros has recorded an average annual inflation rate of 3.32%, compared with 2.37% in Thailand. In 2024, inflation was 3.3% in Comoros and 1.37% in Thailand.

Inflation
Comoros

Thailand
Year Inflation
Comoros Thailand Comoros Thailand
1996 2.4% 5.81%
1997 1.5% 5.63%
1998 1.2% 7.99%
1999 1.1% 0.28%
2000 5.9% 1.59%
2001 5.6% 1.63%
2002 3.6% 0.7%
2003 3.7% 1.8%
2004 4.5% 2.76%
2005 3% 4.54%
2006 3.4% 4.64%
2007 4.5% 2.24%
2008 4.8% 5.47%
2009 4.8% -0.85%
2010 3.9% 3.25%
2011 2.2% 3.81%
2012 5.9% 3.01%
2013 0.4% 2.18%
2014 0% 1.9%
2015 0.9% -0.9%
2016 0.8% 0.19%
2017 0.1% 0.67%
2018 1.7% 1.06%
2019 3.7% 0.71%
2020 0.8% -0.85%
2021 0% 1.23%
2022 12.4% -1.61%
2023 8.5% 8.48%
2024 5% 1.37%
2025 3.3% -

Top exports between countries

Comoros
Export category Export value
Machinery & equipment $9K
Thailand
Export category Export value
Processed food, beverages & tobacco $794K
Raw agricultural goods $349K
Textiles & consumer goods $101K
Chemicals & pharma $61K
Wood & paper products $31K
Machinery & equipment $23K
Metals $8K
Miscellaneous $3K
Raw materials & minerals $2K

Balance of trade

Comoros Thailand
Current account balance
-$24.6M
2023
$11.3B
2024
Current account balance ranking
77/189
2023
24/189
2024
Current account balance, % of GDP
-1.72%
2023
+2.15%
2024
Goods imports
$299M
2023
$278B
2024
Goods exports
$32.1M
2023
$297B
2024
Service imports
$205M
2023
$73.6B
2024
Service exports
$116M
2023
$72.1B
2024
Imports of goods and services, % of GDP
34.5%
2024
66.7%
2024
Exports of goods and services, % of GDP
9.91%
2024
70.1%
2024

Economic freedom indices

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

Comoros Thailand
Economic freedom 51.4 60.6
Economic freedom ranking 153/197 92/197
Property rights 22.9 45.1
Government integrity 16 38.4
Judicial effectiveness 20.9 34.6
Tax burden 65.3 81.3
Government spending 89.5 81.7
Fiscal health 86.1 61.3
Business freedom 49.9 70.9
Labor freedom 55.1 56.4
Monetary freedom 71.3 70.2
Trade freedom 64.2 72.4
Investment freedom 45 55
Financial freedom 30 60

Economic freedom by year comparison

The Economic Freedom Index for Comoros is 51.4, ranking 153/197, compared to 60.6 for Thailand, ranking 92/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Comoros
Thailand
Year Economic freedom index
Comoros Thailand
1995 - 71.3
1996 - 71
1997 - 66.1
1998 - 67.3
1999 - 66.9
2000 - 66.6
2001 - 68.9
2002 - 69.1
2003 - 65.8
2004 - 63.7
2005 - 62.5
2006 - 63.3
2007 - 63.5
2008 - 62.3
2009 43.3 63
2010 44.9 64.1
2011 43.8 64.7
2012 45.7 64.9
2013 47.5 64.1
2014 51.4 63.3
2015 52.1 62.4
2016 52.4 63.9
2017 55.8 66.2
2018 56.2 67.1
2019 55.4 68.3
2020 53.7 69.4
2021 55.7 69.7
2022 50.4 63.2
2023 53.5 60.6
2024 52 59
2025 51.4 60.6

More economic indicators

Comoros Thailand
Services, % of GDP
50.1%
2024
59.2%
2024
Industry, % of GDP
9.56%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
36.6%
2024
8.71%
2024
GNI, Atlas method
$1.47B
2024
$510B
2024
GNI per capita, PPP
$4,080
2024
$24,020
2024
Total reserves including gold
$324M
2024
$237B
2024
Total reserves ranking
166/177
2024
15/177
2024
Net foreign direct investment
-$5.35M
2023
-$1.96B
2024
Net inflows of foreign direct investment
$7.1M
2024
$10.1B
2024
Net outflows of foreign direct investment
$1.1M
1990
$8.14B
2024
Servicing debt to the IMF, % of GNI
1.31%
2023
8.27%
2023
Poverty at national poverty lines
44.8%
2020
5.4%
2022
Gross capital formation, % of GDP
11.7%
2024
21.6%
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.