Industry
Industrial activities are responsible for only a tiny portion of Comoran economic activity—about 5 percent of GDP in 1994. Principal industries are those that involve processing cash crops for export: preparing vanilla and distilling ylang-ylang into perfume essence. These activities were once controlled almost entirely by French companies, but as they closed unprofitable plantations, individual farmers set up many small, inefficient distilleries.
Comorans also produce handicrafts for export.
Other industries are small and geared to internal markets: sawmills, printing, carpentry, and the production of shoes, plastics, yogurt, handicrafts (such as the jewelry exchanged as part of the grand marriage), and small fishing boats.
Several factors provide major obstacles to the growth of industry: the islands' geographically isolated position, their distance from each other, a scarcity of raw materials and skilled labor, and the high cost of electricity (energy is produced by hydropower, imported petroleum, and wood products) and transportation. Value added in industry slowly declined throughout the 1980s.
Read more about this topic: Economy Of Comoros
Famous quotes containing the word industry:
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—Mary Barnett Gilson (1877–?)
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—Thomas Jefferson (1743–1826)
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—Abraham Lincoln (1809–1865)