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Burundi:
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Economy - overview |
Definition 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) |
Definition - World rank and map $2.896 billion (2007 est.) |
GDP (official exchange rate) |
Definition $1.001 billion (2007 est.) |
GDP - real growth rate |
Definition - World rank and map 3.6% (2007 est.) |
GDP - per capita |
Definition - World rank and map $400 (2007 est.) |
GDP - composition by sector |
Definition agriculture: 33.7% industry: 20.9% services: 45.4% (2007 est.) |
Labor force |
Definition 2.99 million (2002) |
Labor force - by occupation |
Definition agriculture: 93.6% industry: 2.3% services: 4.1% (2002 est.) |
Unemployment rate |
Definition - World rank and map NA% |
Population below poverty line |
Definition 68% (2002 est.) |
Household income or consumption by percentage share |
Definition lowest 10%: 1.7% highest 10%: 32.8% (1998) |
Distribution of family income - Gini index |
Definition - World rank and map 42.4 (1998) |
Inflation rate (consumer prices) |
Definition - World rank and map 8.4% (2007 est.) |
Investment (gross fixed) |
Definition - World rank and map 24.4% of GDP (2007 est.) |
Budget |
Definition revenues: $264.2 million expenditures: $335.4 million; including capital expenditures of $NA (2007 est.) |
Agriculture - products |
Definition coffee, cotton, tea, corn, sorghum, sweet potatoes, bananas, manioc (tapioca); beef, milk, hides |
Industries |
Definition light consumer goods such as blankets, shoes, soap; assembly of imported components; public works construction; food processing |
Industrial production growth rate |
Definition - World rank and map 6.4% (2007 est.) |
Electricity - production |
Definition - World rank and map 137 million kWh (2005) |
Electricity - consumption |
Definition - World rank and map 161.4 million kWh (2005) |
Electricity - consumption per capita |
Definition - World rank and map 18.6 kWh (2005) |
Electricity - exports |
Definition 0 kWh (2005) |
Electricity - imports |
Definition 34 million kWh; note - supplied by the Democratic Republic of the Congo (2005) |
Oil - production |
Definition - World rank and map 0 bbl/day (2005) |
Oil - consumption |
Definition - World rank and map 2,900 bbl/day (2005 est.) |
Oil - consumption per 1,000 people |
Definition - World rank and map 0.3 bbl/day (2005 est.) |
Oil - exports |
Definition - World rank and map 0 bbl/day (2004) |
Oil - imports |
Definition - World rank and map 2,687 bbl/day (2004) |
Oil - proved reserves |
Definition - World rank and map 0 bbl (1 January 2006 est.) |
Natural gas - production |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 0 cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 0 cu m (1 January 2006 est.) |
Current account balance |
Definition - World rank and map -$124 million (2007 est.) |
Exports |
Definition - World rank and map $44.5 million f.o.b. (2007 est.) |
Exports - commodities |
Definition coffee, tea, sugar, cotton, hides |
Exports - partners |
Definition Germany 25.3%, Switzerland 20.5%, Pakistan 5.5%, Belgium 4.6% (2006) |
Imports |
Definition - World rank and map $272 million f.o.b. (2007 est.) |
Imports - commodities |
Definition capital goods, petroleum products, foodstuffs |
Imports - partners |
Definition Saudi Arabia 15.4%, Kenya 10.4%, Belgium 7.8%, France 5.5%, Uganda 4.9%, Germany 4.9%, India 4.3%, Russia 4.2% (2006) |
Reserves of foreign exchange and gold |
Definition - World rank and map $176.2 million (31 December 2007 est.) |
Debt - external |
Definition - World rank and map $1.2 billion (2003) |
Market value of publicly traded shares |
Definition $NA |
Economic aid - recipient |
Definition $365 million (2005) |
Currency (code) |
Definition Burundi franc (BIF) |
Exchange rates |
Definition Burundi francs per US dollar - 1,065 (2007), 1,030 (2006), 1,138 (2005), 1,100.91 (2004), 1,082.62 (2003) |
Fiscal year |
Definition calendar year |
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