4 GeoFroggy

Economy Overview

In 2015, Burundi’s economy suffered from political turmoil, including street protests and an attempted coup, following President NKURUNZIZA’s controversial announcement that he would run for a third term. Insecurity and refugee flows to neighboring countries slowed down economic activity and donors withdrew aid, increasing Burundi’s budget deficit and decreasing hard currency reserves. Real GDP growth dropped precipitously and has yet to recover to pre-conflict levels.

Agriculture Products

coffee, cotton, tea, corn, beans, sorghum, sweet potatoes, bananas, cassava (manioc, tapioca); beef, milk, hides

Industries

light consumer goods (sugar, shoes, soap, beer); cement, assembly of imported components; public works construction; food processing (fruits)

Industrial Production Growth Rate

-7.1% (2016 est.)

Labor Force

4.842 million (2016 est.)

Labor Force by Occupation

Agriculture: 93.6%

Industry: 2.3%

Services: 4.1% (2002 est.)

Unemployment Rate

NA%

Population Below Poverty Line

64.6% (2014 est.)

Household Income or Consumption by Percentage Share

Lowest 10%: 4.1%

Highest 10%: 28% (2006)

Distribution of Family Income Gini Index

42.4 (1998)

Budget

Revenues: $528.4 million

Expenditures: $669.6 million (2016 est.)

Public Debt

39.6% of GDP (2015 est.)

Central Bank Discount Rate

10% (31 December 2009)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

$397.7 million (31 December 2015 est.)

Stock of Broad Money

$571.2 million (31 December 2015 est.)

Stock of Domestic Credit

$851.3 million (31 December 2015 est.)

Market Value of Publicly Traded Shares

$NA

Reserves of Foreign Exchange and Gold

$136.2 million (31 December 2015 est.)

Debt External

$626 million (31 December 2015 est.)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

1,442.51 (2012 est.)
Year

GDP Official Exchange Rate

  • $3.138 billion 2016 est.

Taxes and Other Revenues

  • 16.9% of GDP (2016 est.)

Budget Surplus or Deficit

  • -4.5% of GDP (2016 est.)

Fiscal Year

  • calendar year

GDP Purchasing Power Parity

    $8.066 billion (2014 est.)

GDP Real Growth Rate

    4.5% (2014 est.)

GDP Per Capital

    $900 (2014 est.)

Gross National Saving

    -3.4% of GDP (2014 est.)

GDP Composition by end Use

  • Household consumption
    87.3%
  • Government consumption
    21.5%
  • Investment in fixed capital
    16.9%
  • Investment in inventories
    0%
  • Exports of goods and services
    6.2%
  • Imports of goods and services
    -31.9% (2016 est.)

GDP Composition by Sector of Origin

  • Agriculture
    39.8%
  • Industry
    16.6%
  • Services
    43.7% (2016 est.)

Inflation Rate Consumer Prices

    5.5% (2015 est.)

Current Account Balance

    $-374.7 million (2015 est.)

Exports

    $120.8 million (2015 est.)

Exports Partners

  • Democratic
    Republic
  • UAE
    15.7%
  • Kenya
    14.5%
  • Rwanda
    7.2%

Exports Commodities

    Coffee, tea, sugar, cotton, hides

Imports

    $595.9 million (2015 est.)

Imports Partners

  • China
    13.3%
  • India
    13%
  • Tanzania
    8.6%
  • Saudi
    Arabia
  • Kenya
    7.5%
  • UAE
    5.2%
  • Uganda
    5%

Imports Commodities

    Capital goods, petroleum products, foodstuffs