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Flag of Burundi  Economy of Burundi


Economy - overview:
 Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural with more than 90% of the population dependent on subsistence agriculture. Economic growth depends on coffee and tea exports, which account for 90% of foreign exchange earnings. The ability to pay for imports, therefore, rests primarily on weather conditions and international coffee and tea prices. The Tutsi minority, 14% of the population, dominates the government and the coffee trade at the expense of the Hutu majority, 85% of the population. 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 5% annually in 2006-07. 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.
GDP (purchasing power parity):
 $2.907 billion (2007 est.)
GDP (official exchange rate):
 $1.001 billion (2007 est.)
GDP - real growth rate:
 3.6% (2007 est.)
GDP - per capita (PPP):
 $300 (2007 est.)
GDP - composition by sector:
 agriculture: 33.7% industry: 20.9% services: 45.4% (2007 est.)
Labor force:
 2.99 million (2002)
Labor force - by occupation:
 agriculture: 93.6% industry: 2.3% services: 4.1% (2002 est.)
Unemployment rate:
 NA%
Population below poverty line:
 68% (2002 est.)
Household income or consumption by percentage share:
 lowest 10%: 1.7% highest 10%: 32.8% (1998)
Distribution of family income - Gini index:
 42.4 (1998)
Inflation rate (consumer prices):
 8.3% (2007 est.)
Investment (gross fixed):
 24.4% of GDP (2007 est.)
Budget:
 revenues: $264.2 million expenditures: $335.4 million; including capital expenditures of $NA (2007 est.)
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:
 6.4% (2007 est.)
Electricity - production:
 137 million kWh (2005)
Electricity - consumption:
 161.4 million kWh (2005)
Electricity - exports:
 0 kWh (2005)
Electricity - imports:
 34 million kWh; note - supplied by the Democratic Republic of the Congo (2005)
Oil - production:
 0 bbl/day (2005)
Oil - consumption:
 2,900 bbl/day (2005 est.)
Oil - exports:
 0 bbl/day (2004)
Oil - imports:
 2,687 bbl/day (2004)
Oil - proved reserves:
 0 bbl (1 January 2006 est.)
Natural gas - production:
 0 cu m (2005 est.)
Natural gas - consumption:
 0 cu m (2005 est.)
Natural gas - exports:
 0 cu m (2005 est.)
Natural gas - imports:
 0 cu m (2005)
Natural gas - proved reserves:
 0 cu m (1 January 2006 est.)
Current account balance:
 -$101 million (2007 est.)
Exports:
 $44 million f.o.b. (2007 est.)
Exports - commodities:
 coffee, tea, sugar, cotton, hides
Exports - partners:
 Germany 25.3%, Switzerland 20.5%, Pakistan 5.5%, Belgium 4.6% (2007)
Imports:
 $272 million f.o.b. (2007 est.)
Imports - commodities:
 capital goods, petroleum products, foodstuffs
Imports - partners:
 Saudi Arabia 16.2%, Kenya 10.9%, Belgium 8.3%, France 5.8%, Uganda 5.2%, Germany 5.2%, India 4.6%, Russia 4.4%, Pakistan 4% (2007)
Economic aid - recipient:
 $365 million (2005)
Reserves of foreign exchange and gold:
 $177.1 million (31 December 2007 est.)
Debt - external:
 $1.2 billion (2003)
Market value of publicly traded shares:
 $NA
Currency (code):
 Burundi franc (BIF)
Exchange rates:
 Burundi francs per US dollar - 1,065 (2007), 1,030 (2006), 1,138 (2005), 1,100.91 (2004), 1,082.62 (2003)
Fiscal year:
 calendar year

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<a title="Flag of Burundi" href="http://www.bttranslations.com/countries/flag-of-burundi.htm" >Flag of Burundi</a> from the site of <a title="BTT Translation Company" href="http://www.bttranslations.com/">BTT Translation Services</a>
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Country Profile of Burundi
Communications of Burundi
Economy of Burundi
Geography of Burundi
Government of Burundi
Transnational Issues of Burundi
Military of Burundi
People of Burundi
Transportation of Burundi

The information above is a partial reproduction of Google Maps and the CIA World Factbook.


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