Economy - overview:
Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural; agriculture accounts for just over 30% of GDP and employs more than 90% of the population. Burundi's primary exports are coffee and tea, which account for 90% of foreign exchange earnings, though exports are a relatively small share of GDP. Burundi's export earnings - and its ability to pay for imports - rests primarily on weather conditions and international coffee and tea prices. An ethnic-based war that lasted for over a decade resulted in more than 200,000 deaths, forced more than 48,000 refugees into Tanzania, and displaced 140,000 others internally. Only one in two children go to school, and approximately one in 15 adults has HIV/AIDS. Food, medicine, and electricity remain in short supply. Less than 2% of the population has electricity in its homes. Burundi's GDP grew around 4% annually in 2006-12. Political stability and the end of the civil war have improved aid flows and economic activity has increased, but underlying weaknesses - a high poverty rate, poor education rates, a weak legal system, a poor transportation network, overburdened utilities, and low administrative capacity - risk undermining planned economic reforms. The purchasing power of most Burundians has decreased as wage increases have not kept up with inflation. Burundi will remain heavily dependent on aid from bilateral and multilateral donors - foreign aid represents 42% of Burundi''s national income, the second highest rate in Sub-Saharan Africa. Burundi joined the East African Community in 2009, which should boost Burundi's regional trade ties, and also in 2009 received $700 million in debt relief. Government corruption is hindering the development of a healthy private sector as companies seek to navigate an environment with ever changing rules.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Burundi on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Burundi Economy 2014 information contained here. All suggestions for corrections of any errors about Burundi Economy 2014 should be addressed to the CIA.
$5.43 billion (2012 est.)
country comparison to the world: 169
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$2.439 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
4% (2012 est.)
country comparison to the world: 87
[see also: GDP - real growth rate country ranks ]
$600 (2012 est.)
country comparison to the world: 225
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
-0.8% of GDP (2012 est.)
country comparison to the world: 141
[see also: Gross national saving country ranks ]
household consumption: 88.9%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption:
24.9%
investment in fixed capital:
22.1%
investment in inventories:
-5.5%
exports of goods and services:
9%
imports of goods and services:
-39.3%
agriculture: 34.7%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
18.3%
services:
47% (2012 est.)
coffee, cotton, tea, corn, sorghum, sweet potatoes, bananas, cassava (manioc); beef, milk, hides
light consumer goods such as blankets, shoes, soap, and beer; assembly of imported components; public works construction; food processing
4% (2012 est.)
country comparison to the world: 72
[see also: Industrial production growth rate country ranks ]
4.245 million (2007)
country comparison to the world: 90
[see also: Labor force country ranks ]
agriculture: 93.6%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
2.3%
services:
4.1% (2002 est.)
NA%
[see also: Unemployment rate country ranks ]
68% (2002 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 4.1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
28% (2006)
42.4 (1998)
country comparison to the world: 50
[see also: Distribution of family income - Gini index country ranks ]
revenues: $788.1 million
[see also: Budget revenues country ranks ]
expenditures:
$880.3 million (2012 est.)
32.3% of GDP (2012 est.)
country comparison to the world: 83
[see also: Taxes and other revenues country ranks ]
-3.8% of GDP (2012 est.)
country comparison to the world: 139
[see also: Budget surplus (+) or deficit (-) country ranks ]
50.3% of GDP (2012 est.)
country comparison to the world: 65
[see also: Public debt country ranks ]
calendar year
18% (2012 est.)
country comparison to the world: 215
[see also: Inflation rate (consumer prices) country ranks ]
11.25% (31 December 2010 est.)
country comparison to the world: 23
[see also: Central bank discount rate country ranks ]
14.32% (31 December 2012 est.)
country comparison to the world: 63
[see also: Commercial bank prime lending rate country ranks ]
$332.5 million (31 December 2012 est.)
country comparison to the world: 167
[see also: Stock of narrow money country ranks ]
$519 million (31 December 2012 est.)
country comparison to the world: 176
[see also: Stock of broad money country ranks ]
$572.2 million (31 December 2012 est.)
country comparison to the world: 160
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
$-432.1 million (2012 est.)
country comparison to the world: 103
[see also: Current account balance country ranks ]
$134.7 million (2012 est.)
country comparison to the world: 186
[see also: Exports country ranks ]
coffee, tea, sugar, cotton, hides
Switzerland 23.9%, UK 12.9%, Belgium 7.4%, Pakistan 7.4%, Democratic Republic of the Congo 7.4%, Uganda 5.6%, Germany 5.2%, China 4.9%, Egypt 4.7% (2012)
$886.2 million (2012 est.)
country comparison to the world: 181
[see also: Imports country ranks ]
capital goods, petroleum products, foodstuffs
Saudi Arabia 11.3%, Belgium 10.1%, China 9.1%, India 7.9%, Tanzania 6.5%, Kenya 6%, Uganda 5.7%, Zambia 4.6%, US 4.1% (2012)
$308.8 million (31 December 2012 est.)
country comparison to the world: 153
[see also: Reserves of foreign exchange and gold country ranks ]
$641.9 million (31 December 2012 est.)
country comparison to the world: 170
[see also: Debt - external country ranks ]
Burundi francs (BIF) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 06-Nov-14