Page last updated on January 12, 2011
Economy - overview:
Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural which accounts for about 35% 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 earning - and its ability to pay for imports - rests primarily on weather conditions and international coffee and tea prices. The Tutsi minority, 14% of the population, dominates the coffee trade. 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. Burundi's GDP grew around 4% annually in 2006-09. 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, and low administrative capacity - risk undermining planned economic reforms. Burundi will continue to remain heavily dependent on aid from bilateral and multilateral donors; the delay of funds after a corruption scandal cut off bilateral aid in 2007 reduced government's revenues and its ability to pay salaries. Burundi joined the East African Community, which should boost Burundi's regional trade ties, and received $700 million in debt relief in 2009. Instability spilling over from eastern Congo-Kinshasa and the ban on minerals smuggled across Burundi's border will be the main challenges to economic growth.
GDP (purchasing power parity):
$3.418 billion (2010 est.)
country comparison to the world: 172
$3.29 billion (2009 est.)
$3.178 billion (2008 est.)
note:
data are in 2010 US dollars
[see also:
GDP (purchasing power parity) country ranks ]
GDP (official exchange rate):
$1.469 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:
3.9% (2010 est.)
country comparison to the world: 85
3.5% (2009 est.)
4.5% (2008 est.)
[see also:
GDP - real growth rate country ranks ]
GDP - per capita:
$300 (2010 est.)
country comparison to the world: 229
$300 (2009 est.)
$300 (2008 est.)
note:
data are in 2010 US dollars
[see also:
GDP - per capita country ranks ]
GDP - composition by sector:
agriculture: 31.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
21.4%
[see also: GDP - composition by sector - industry country ranks ]
services:
47% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
Labor force:
4.245 million (2007)
country comparison to the world: 85
[see also: Labor force country ranks ]
Labor force - by occupation:
agriculture: 93.6%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
2.3%
[see also: Labor force - by occupation - industry country ranks ]
services:
4.1% (2002 est.)
[see also: Labor force - by occupation - services country ranks ]
Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]
Population below poverty line:
68% (2002 est.)
[see also: Population below poverty line country ranks ]
Household income or consumption by percentage share:
lowest 10%: 4.1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
28% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
Distribution of family income - Gini index:
42.4 (1998)
country comparison to the world: 52
[see also: Distribution of family income - Gini index country ranks ]
Investment (gross fixed):
25.1% of GDP (2009 est.)
country comparison to the world: 42
[see also: Investment (gross fixed) country ranks ]
Budget:
revenues: $386.3 million
[see also: Budget - revenues country ranks ]
expenditures:
$476.2 million (2009 est.)
[see also: Budget - expenditures country ranks ]
Inflation rate (consumer prices):
7.2% (2010 est.)
country comparison to the world: 181
10.7% (2009 est.)
[see also:
Inflation rate (consumer prices) country ranks ]
Central bank discount rate:
10% (31 December 2009)
country comparison to the world: 44
10.08% (31 December 2008)
[see also:
Central bank discount rate country ranks ]
Commercial bank prime lending rate:
14.08% (31 December 2009 est.)
country comparison to the world: 36
16.52% (31 December 2008 est.)
[see also:
Commercial bank prime lending rate country ranks ]
Stock of narrow money:
$329.3 million (31 December 2010 est)
$293.6 million (31 December 2009 est)
[see also:
Stock of narrow money country ranks ]
Stock of broad money:
$568.3 million (31 December 2010 est.)
$506.7 million (31 December 2009 est.)
[see also:
Stock of broad money country ranks ]
Stock of domestic credit:
$465.7 million (31 December 2010 est.)
country comparison to the world: 165
$415.2 million (31 December 2009 est.)
[see also:
Stock of domestic credit country ranks ]
Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]
Agriculture - products:
coffee, cotton, tea, corn, sorghum, sweet potatoes, bananas, manioc (tapioca); beef, milk, hides
Industries:
light consumer goods such as blankets, shoes, soap; assembly of imported components; public works construction; food processing
Industrial production growth rate:
7% (2009 est.)
country comparison to the world: 40
[see also: Industrial production growth rate country ranks ]
Electricity - production:
92 million kWh (2007 est.)
country comparison to the world: 192
[see also: Electricity - production country ranks ]
Electricity - consumption:
125.6 million kWh (2007 est.)
country comparison to the world: 186
[see also: Electricity - consumption country ranks ]
Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
Electricity - imports:
40 million kWh; note - supplied by the Democratic Republic of the Congo (2007 est.)
[see also: Electricity - imports country ranks ]
Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 201
[see also: Oil - production country ranks ]
Oil - consumption:
3,000 bbl/day (2009 est.)
country comparison to the world: 177
[see also: Oil - consumption country ranks ]
Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 143
[see also: Oil - exports country ranks ]
Oil - imports:
2,495 bbl/day (2007 est.)
country comparison to the world: 173
[see also: Oil - imports country ranks ]
Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 197
[see also: Oil - proved reserves country ranks ]
Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 191
[see also: Natural gas - production country ranks ]
Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 203
[see also: Natural gas - consumption country ranks ]
Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 197
[see also: Natural gas - exports country ranks ]
Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 198
[see also: Natural gas - imports country ranks ]
Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 198
[see also: Natural gas - proved reserves country ranks ]
Current account balance:
-$136 million (2010 est.)
country comparison to the world: 80
-$127 million (2009 est.)
[see also:
Current account balance country ranks ]
Exports:
$71 million (2010 est.)
country comparison to the world: 200
$68 million (2009 est.)
[see also:
Exports country ranks ]
Exports - commodities:
coffee, tea, sugar, cotton, hides
Exports - partners:
Germany 21.6%, Switzerland 14.86%, Belgium 9.32%, Sweden 8.94%, Pakistan 5.82% (2009)
Imports:
$336 million (2010 est.)
country comparison to the world: 193
$275 million (2009 est.)
[see also:
Imports country ranks ]
Imports - commodities:
capital goods, petroleum products, foodstuffs
Imports - partners:
Saudi Arabia 16.87%, Belgium 11.17%, Uganda 8.62%, Kenya 7.57%, China 5.66%, France 5.35%, Germany 4.46%, India 4.24%, Tanzania 4.21% (2009)
Reserves of foreign exchange and gold:
$320 million (31 December 2010 est.)
country comparison to the world: 121
$323 million (31 December 2009 est.)
[see also:
Reserves of foreign exchange and gold country ranks ]
Debt - external:
$1.2 billion (2003)
country comparison to the world: 148
[see also: Debt - external country ranks ]
Exchange rates:
Burundi francs (BIF) per US dollar - 1,250.75 (2010), 1,230.18 (2009), 1,198 (2008), 1,065 (2007), 1,030 (2006)
NOTE: The information regarding Burundi on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Burundi Economy 2011 information contained here. All suggestions for corrections of any errors about Burundi Economy 2011 should be addressed to the CIA.
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This page was last modified 09-Feb-11
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