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Facts: Economy of Burundi

 

 

 
The Burundian 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 Tutsi minority, 14% of the population, dominates the government and the coffee trade at the expense of the Hutu majority, 85% of the population.

Burundi grew about 5% annually in 2006.

GDP of Burundi (purchasing power parity):
$6.389 billion (2007 est.)
GDP of Burundi (official exchange rate):
$848.3 million (2007 est.)
GDP of Burundi- real growth rate:
5.5% (2007 est.)
GDP of Burundi - per capita (PPP):
$800 (2007 est.)
GDP of Burundi Africa - composition by sector:
agriculture: 44.9%
industry: 20.9%
services: 34.1% (2006 est.)
Labor force in Burundi Africa:
2.99 million (2002)
Labor force of Burundi Africa - by occupation:
agriculture: 93.6%
industry: 2.3%
services: 4.1% (2002 est.)
Unemployment rate of Burundians:
NA%
Population below poverty line
68% (2002 est.)
Household income or consumption by percentage share for Burundians:
lowest 10%: 1.7%
highest 10%: 32.8% (1998)
Distribution of Burundian family income - Gini index:
42.4 (1998)
Inflation rate (consumer prices):
7% (2007 est.)
Investment (gross fixed):
25.9% of GDP (2007 est.)
Budget of Burundi:
revenues: $259.4 million
expenditures: $331.8 million; including capital expenditures of $NA (2007 est.)
Agriculture products in Burundi:
coffee, cotton, tea, corn, sorghum, sweet potatoes, bananas, manioc (tapioca); beef, milk, hides
Industries in Burundi Africa:
light consumer goods such as blankets, shoes, soap; assembly of imported components; public works construction; food processing
Industrial production growth rate:
7.5% (2007 est.)
Electricity production in Burundi:
137 million kWh (2005)
Electricity  production by source in Burundi Africa:
fossil fuel: 0.6%
hydro: 99.4%
nuclear: 0%
other: 0% (2001)
Electricity consumption in Burundi:
161.4 million kWh (2005)
Electricity exports from Burundi:
0 kWh (2005)
Electricity imports into Burundi Africa:
34 million kWh; note - supplied by the Democratic Republic of the Congo (2005)
Oil production by Burundi:
0 bbl/day (2005)
Oil consumption by Burundians:
2,900 bbl/day (2005 est.)
Oil exports by Burundi Africa:
0 bbl/day (2004)
Oil imports into Burundi Africa:
2,687 bbl/day (2004)
Oil proved reserves in Burundi:
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:
-$137.3 million (2007 est.)
Exports by Burundians:
$74.17 million f.o.b. (2007 est.)
Exports commodities of Burundians:
coffee, tea, sugar, cotton, hides
Exports partners of Burundians:
Switzerland 33.7%, UK 12.2%, Pakistan 8.5%, Rwanda 5.3%, Egypt 4.2% (2006)
Imports by Burundians:
$340.2 million f.o.b. (2007 est.)
Imports partners of Burundians:
Saudi Arabia 12.6%, Kenya 8.2%, Japan 7.8%, Russia 4.7%, UK 4.6%, France 4.4%, China 4.4% (2006)
Economic aid - recipient:
$365 million (2005)
Reserves of foreign exchange and gold in Burundi:
$117.7 million (31 December 2007 est.)
Debt external of Burundians:
$1.2 billion (2003)
Market value of publicly traded shares:
$NA
Currency (code):
Burundi franc (BIF)
Currency code:
BIF
Exchange rates of the Burundian francs:
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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