Economy Of Burundi
|
Economy overview
|
Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural with roughly 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. Since October 1993 an ethnic-based war has resulted in more than 200,000 deaths, forced 800,000 refugees into Tanzania, and displaced 525,000 others internally. Doubts about the prospects for sustainable peace continue to impede development. Only one in two children go to school, and approximately one in ten adults has HIV/AIDS. Food, medicine, and electricity remain in short supply.
|
|
GDP
|
purchasing power parity - $3.78 billion (2004 est.)
|
|
GDP - real growth rate
|
-1.3% (2004 est.)
|
|
GDP - per capita
|
purchasing power parity - $600 (2004 est.)
|
|
GDP - composition by sector
|
agriculture: 47.4%
industry: 19.3%
services: 33.3% (2004 est.)
|
|
Investment gross fixed
|
9.8% of GDP (2004 est.)
|
|
Population below poverty line
|
68% (2002 est.)
|
|
Household income or consumption by percentage share
|
lowest 10%: 1.8%
highest 10%: 32.9% (1998)
|
|
Distribution of family income - Gini index
|
42.5 (1998)
|
|
Inflation rate consumer prices
|
10.7% (2004 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
|
|
Budget
|
revenues: $179.4 million
expenditures: $209 million, including capital expenditures of $NA (2004 est.)
|
|
Public debt
|
|
|
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
|
18% (2001)
|
|
Electricity production
|
155.4 million kWh (2001)
|
|
Electricity production by source
|
fossil fuel: 0.6%
hydro: 99.4%
other: 0% (2001)
nuclear: 0%
|
|
Electricity consumption
|
177.5 million kWh (2001)
|
|
Electricity exports
|
0 kWh (2001)
|
|
Electricity imports
|
33 million kWh; note - supplied by the Democratic Republic of the Congo (2001)
|
|
Oil production
|
0 bbl/day (2001 est.)
|
|
Oil consumption
|
2,750 bbl/day (2001 est.)
|
|
Oil exports
|
NA (2001)
|
|
Oil imports
|
NA (2001)
|
|
Oil proved reserves
|
|
|
Natural gas production
|
|
|
Natural gas consumption
|
|
|
Natural gas exports
|
|
|
Natural gas imports
|
|
|
Natural gas proved reserves
|
|
|
Current account balance
|
$-35 million (2004 est.)
|
|
Exports
|
$40 million f.o.b. (2004 est.)
|
|
Exports commodities
|
coffee, tea, sugar, cotton, hides
|
|
Exports partners
|
Switzerland 31.6%, UK 15.8%, Netherlands 5.3%, Rwanda 5.3% (2003)
|
|
Imports
|
$128 million f.o.b. (2003 est.)
|
|
Imports commodities
|
capital goods, petroleum products, foodstuffs
|
|
Imports partners
|
Kenya 14.6%, Tanzania 11.5%, Uganda 5.7%, France 5.1%, Zambia 5.1%, China 4.5%, India 4.5%, Japan 4.5% (2003)
|
|
Reserves of foreign exchange gold
|
$67.4 million (2004 est.)
|
|
Debt external
|
$1.133 billion (2002)
|
|
Economic aid recipient
|
$92.7 million (2000)
|
|
Currency
|
Burundi franc (BIF)
|
|
Currency code
|
BIF
|
|
Exchange rates
|
Burundi francs per US dollar - 1,082.62 (2003), 930.75 (2002), 830.35 (2001), 720.67 (2000), 563.56 (1999)
|
|
Fiscal year
|
calendar year
|
Applied Language Solutions offer English to Kirundi Translation , English to French Translation , English to Swahili Translation .
This information was reproduced in part from the CIA World Fact book.
Flags
If you would like to use this flag of Burundi or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.
Map
If you would like to use this map of Burundi or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.
Country Information
If you would like to use this information for Burundi or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.