Blue economy offers transformative opportunities

Targeted reforms needed

COMOROS: The blue economy has been identified as a “transformative opportunity” for Comoros to achieve sustainable and inclusive growth, according to a report published by the World Bank.

With an economy that is already showing signs of recovery that reached growth rates of 3.4 percent in 2024, the report highlights that targeted reforms alongside strategic investment could help propel Comoros to upper-middle-income status by 2050 – but that this would require a sustained annual GDP growth of 6.1 percent.

Fisheries have demonstrated strong performance, averaging 11.4 percent of GDP between 2018 and 2024, and predicted growth rates of 16 percent are possible if the sector is modernised.

In addition, marine tourism also holds significant promise, with the potential to quadruple visitor arrivals by 2030 and contribute over six percent of GDP by mid-century. Integrated development of eco-tourism, sustainable fisheries, and marine conservation can further promote inclusive growth while protecting natural ecosystems.

However, achieving this vision will depend on restoring natural capital, expanding renewable energy, upgrading infrastructure, and strengthening environmental safeguards.

“Comoros stands at a turning point. The shift toward services and the blue economy has the potential to make Comoros a regional leader in sustainability. By 2040, services could contribute nearly two-thirds of GDP, with tourism and fisheries driving inclusive growth. Strong governance and sustained investment in these sectors can unlock lasting opportunities for people and protect the country’s natural wealth,” said Patrick John McCartney, Senior Economist at the World Bank in Comoros and author of the report.

A well-executed blue economy strategy can position Comoros as a regional leader in sustainable marine resource management while driving economic diversification, job creation, and resilience. Fully leveraging the synergies between fisheries, tourism, and conservation will be key to maximizing economic benefits while protecting vital natural assets.

Strategic investments in governance, infrastructure, market access, and environmental sustainability can help transform the blue economy into a pillar of national development. This vision aligns with the objectives of the Plan Comoros Émergent 2030 (PCE 2030).

By capitalising on its rich marine resources, Comoros can pave the way for a more prosperous and sustainable future, achieving its ambition of reaching upper-middle-income status by 2050.