| Economy | Burundi |
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Economy - overview:
|
Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural which accounts for 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. Burundi's main challenge to economic growth will be maintaining sufficient fiscal discipline and peace during the upcoming national elections scheduled for 2010. |
GDP (purchasing power parity):
|
$3.266 billion (2009 est.)
$3.147 billion (2008 est.)
$3.011 billion (2007 est.)
note: data are in 2009 US dollars |
GDP - per capita (PPP):
|
$300 (2009 est.)
$300 (2008 est.)
$300 (2007 est.)
note: data are in 2009 US dollars |
GDP (official exchange rate):
|
$1.41 billion (2009 est.) |
GDP - real growth rate:
|
3.8% (2009 est.)
4.5% (2008 est.)
3.6% (2007 est.) |
GDP - composition by sector:
|
agriculture: 33.3%
industry: 21%
services: 45.8% (2009 est.) |
Investment (gross fixed):
|
11.3% of GDP (2009 est.) |
Population below poverty line:
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68% (2002 est.) |
Household income or consumption by percentage share:
|
lowest 10%: 4.1%
highest 10%: 28% (2006) |
Distribution of family income - Gini index:
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42.4 (1998) |
Inflation rate (consumer prices):
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14.1% (2009 est.)
24.1% (2008 est.) |
Central bank discount rate:
|
10.08% (31 December 2008)
10.12% (31 December 2007) |
Commercial bank prime lending rate:
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16.52% (31 December 2008)
16.84% (31 December 2007) |
Stock of money:
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$261.6 million (31 December 2008)
$208.7 million (31 December 2007) |
Stock of money - per capita:
|
28 USD per capita |
Stock of quasi money:
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$189.9 million (31 December 2008)
$141 million (31 December 2007) |
Stock of quasi money - per capita:
|
20 USD per capita |
Stock of domestic credit:
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$370 million (31 December 2008)
$342 million (31 December 2007) |
Stock of domestic credit - per capita:
|
39 USD per capita |
Labor force:
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4.245 million (2007) |
Labor force participation rate:
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44.63 % of population |
Labor force - by occupation:
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agriculture: 93.6%
industry: 2.3%
services: 4.1% (2002 est.) |
Unemployment rate:
|
NA% est.) |
Budget:
|
revenues: $342.2 million
expenditures: $385.7 million; including capital expenditures of $NA (2009 est.) |
Budget revenues per capita:
|
36 USD per capita |
Public debt:
|
void |
Industries:
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light consumer goods such as blankets, shoes, soap; assembly of imported components; public works construction; food processing |
Industrial production growth rate:
|
3.5% (2009 est.) |
Electricity - production:
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92 million kWh (2007 est.) |
Electricity - production per capita:
|
10 kWh per capita |
Electricity - consumption:
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125.6 million kWh (2007 est.) |
Electricity - consumption - per capita:
|
14 kWh per capita |
Electricity - exports:
|
0 kWh (2008 est.) |
Electricity - imports:
|
40 million kWh; note - supplied by the Democratic Republic of the Congo (2007 est.) |
Oil - production:
|
0 bbl/day (2008 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
3,000 bbl/day (2008 est.) |
Oil - consumption - per capita:
|
0.12 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2007 est.) |
Oil - imports:
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2,495 bbl/day (2007 est.) |
Oil - proved reserves:
|
0 bbl (1 January 2009 est.) |
Natural gas - production:
|
0 cu m (2008 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2008 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2008 est.) |
Natural gas - imports:
|
0 cu m (2008 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2009 est.) |
Agriculture - products:
|
coffee, cotton, tea, corn, sorghum, sweet potatoes, bananas, manioc (tapioca); beef, milk, hides |
Current account balance:
|
$-144 million (2009 est.)
$-182 million (2008 est.) |
Current account balance - per capita:
|
-15 USD per capita |
Exports:
|
$79 million (2009 est.)
$79 million (2008 est.) |
Exports per capita:
|
9 USD per capita |
Exports - commodities:
|
coffee, tea, sugar, cotton, hides |
Exports - partners:
|
Switzerland 27.9%, UK 11%, Pakistan 9.5%, Belgium 5.1%, Rwanda 5%, Egypt 4.7% (2008) |
Imports:
|
$318 million (2009 est.)
$350 million (2008 est.) |
Imports per capita:
|
34 USD per capita |
Imports - commodities:
|
capital goods, petroleum products, foodstuffs |
Imports - partners:
|
Saudi Arabia 20.7%, Belgium 12.6%, Uganda 8.4%, Kenya 7.4%, China 5.9%, France 5.4%, Germany 4.9%, India 4.1%, Tanzania 4.1%, Japan 4% (2008) |
Reserves of foreign exchange and gold:
|
$212 million (31 December 2009 est.)
$266.7 million (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
23 USD per capita |
Debt - external:
|
$1.2 billion (2003 est.) |
Debt - external - per capita:
|
127 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$NA |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$365 million |
Economic aid - recipient per capita:
|
39 USD per capita |
Currency (code):
|
Burundi franc (BIF) |
Exchange rates:
|
Burundi francs (BIF) per US dollar - 1,227.75 (2009), 1,198 (2008), 1,065 (2007), 1,030 (2006), 1,138 (2005) |
Fiscal year:
|
calendar year |
|
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