Goods and Services: Net for Comoros
COMBGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-17.74
Year-over-Year Change
-5.04%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Net for Comoros' measure reflects the balance of trade in goods and services for the Comoros economy. It is a key economic indicator used to assess a country's external position and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the net exports, or the difference between a country's exports and imports of goods and services. It provides insight into Comoros' trade performance and how it contributes to overall GDP growth.
Methodology
The data is collected and reported by the International Monetary Fund (IMF) based on official national accounts statistics.
Historical Context
Policymakers and analysts use this metric to evaluate Comoros' trade dynamics and current account balance within the broader macroeconomic context.
Key Facts
- Comoros has run a persistent trade deficit in recent years.
- Net exports contributed -10.5% to Comoros' GDP in 2021.
- Tourism is a major services export for the Comoros economy.
FAQs
Q: What does this economic trend measure?
A: The 'Goods and Services: Net for Comoros' measure tracks the balance of trade in goods and services for the Comoros economy. It reflects the difference between the country's exports and imports.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Comoros' trade performance and competitiveness, which are important factors in evaluating the country's overall economic health and current account balance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF) based on official national accounts statistics from Comoros.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Comoros' trade dynamics and current account position within the broader macroeconomic context, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates due to the challenges of collecting comprehensive trade statistics in developing economies like Comoros.
Related Trends
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Comoros
COMFCAODCSPNUM
Number of Identified Exporters to Comoros from Arizona
AZCOMA475SCEN
Number of Identified Exporters to Comoros from Puerto Rico
PRCOMA475SCEN
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Comoros
COMFCDODCSPNUM
Number of Identified Exporters to Comoros from Alabama
ALCOMA475SCEN
Real Non-Oil GDP for Comoros
COMNGDPXORPCPPPT
Citation
U.S. Federal Reserve, Goods and Services: Net for Comoros (COMBGSBP6GDPPT), retrieved from FRED.