Whilst Comoros’ economy is currently focused on subsistence agriculture, with the collaboration of the government, civil society, and various other institutions, the Plan for Emerging Comoros has been established with the aim to strengthen disaster recovery and resilience, improve the business environment and governance, and improve connectivity.
International organisations expanding into new countries usually engage the services of reputable partners who specialise in local business process outsourcing, including employment outsourcing solutions where staff need to be employed in-country and paid correctly. An experienced provider of Comoros HR outsourcing and employment outsourcing services will be well placed to navigate the complexities associated with the local legal requirements and cultural norms.
At Africa HR Solutions, our Comoros HR outsourcing solutions include services such as Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing together with ancillary support services, and our in-country experts allow your organisation to focus on its core strategy and expansion plans.
Country Profile - Comoros
Gross Domestic Product (GDP): $1.19 bn
GDP Growth: 0.2 %
Inflation: 1.1 %
Foreign Direct Investment (% of GDP): 14.57 %
Unemployment Rate: 3.7 %
Currency: Comorian franc
Languages: French, Arabic, Comorian
Comoros is one of the world’s poorest and smallest economies and comprises three islands that are hindered by weak transportation connections, an increasing population, and limited natural resources. The workforce is focused on nurturing a subsistence economy due to its low level of education. The key sectors of the economy where most of the workforce are involved are agriculture, fishing, hunting, and forestry, which contribute an estimate of 50% of GDP. Income from exports is mainly dependent on three major agricultural crops, namely vanilla, cloves and ylang-ylang (perfume essence).
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