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    Burundi Index 2006

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    Burundi Economy - 2006
    https://theodora.com/wfbcurrent/burundi/burundi_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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 10 adults has HIV/AIDS. Food, medicine, and electricity remain in short supply. 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.

      GDP (purchasing power parity):
      $4.399 billion (2005 est.)

      GDP (official exchange rate):
      $714.8 million (2005 est.)

      GDP - real growth rate:
      4.5% (2005 est.)

      GDP - per capita (PPP):
      $600 (2005 est.)

      GDP - composition by sector:
      agriculture: 45.6%
      industry: 20.8%
      services: 33.6% (2005 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%: 1.8%
      highest 10%: 32.9% (1998)

      Distribution of family income - Gini index:
      33.3 (1998)

      Inflation rate (consumer prices):
      14% (2005 est.)

      Investment (gross fixed):
      11.5% of GDP (2005 est.)

      Budget:
      revenues: $215.4 million
      expenditures: $278 million; including capital expenditures of $NA (2005 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:
      18% (2001)

      Electricity - production:
      141.3 million kWh (2003)

      Electricity - consumption:
      141.4 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      10 million kWh; note - supplied by the Democratic Republic of the Congo (2003)

      Oil - production:
      0 bbl/day (2003)

      Oil - consumption:
      3,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Current account balance:
      -$55 million (2005 est.)

      Exports:
      $52 million f.o.b. (2005 est.)

      Exports - commodities:
      coffee, tea, sugar, cotton, hides

      Exports - partners:
      Germany 20.6%, Belgium 8.6%, Pakistan 7%, US 5.9%, Rwanda 5.9% (2004)

      Imports:
      $200 million f.o.b. (2005 est.)

      Imports - commodities:
      capital goods, petroleum products, foodstuffs

      Imports - partners:
      Kenya 13.6%, Tanzania 11.1%, US 8.8%, Belgium 8.5%, France 8.3%, Italy 5.9%, Uganda 5.6%, Japan 4.6%, Germany 4.4% (2004)

      Reserves of foreign exchange and gold:
      $76 million (2005 est.)

      Debt - external:
      $1.2 billion (2003)

      Economic aid - recipient:
      $105.5 million (2003)

      Currency (code):
      Burundi franc (BIF)

      Exchange rates:
      Burundi francs per US dollar - 1,138 (2005), 1,100.91 (2004), 1,082.62 (2003), 930.75 (2002), 830.35 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Burundi on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Burundi Economy 2006 information contained here. All suggestions for corrections of any errors about Burundi Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/burundi/burundi_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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