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Burundi

Burundi Economy Stats

Overview:

Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural which accounts for about 35% of GDP and employs more than 90% of the population. Burundi's primary exports are coffee and tea, which account for 90% of foreign exchange earnings, though exports are a relatively small share of GDP. Burundi's export earning - and its ability to pay for imports - rests primarily on weather conditions and international coffee and tea prices. The Tutsi minority, 14% of the population, dominates the coffee trade. 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 4% annually in 2006-09. 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. Burundi joined the East African Community, which should boost Burundi's regional trade ties, and received $700 million in debt relief in 2009. Instability spilling over from eastern Congo-Kinshasa and the ban on minerals smuggled across Burundi's border will be the main challenges to economic growth.

Definitions

  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget surplus > + or deficit > -: This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
  • Currency > Least valued currency unit > Exchange rate to 1 US dollar: Exchange rate of some of the least valued currencies in the world with regards to the US Dollars, as of Jan 23, 2011.
  • Debt > Government debt > Public debt, share of GDP: Public debt as % of GDP (CIA).

    No date was available from the Wikipedia article, so we used the date of retrieval.

  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Exports per capita: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Figures expressed per capita for the same year.
  • GDP: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • GDP > Composition, by sector of origin > Services: This entry is derived from Economy > GDP > Composition, by sector of origin, which shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
  • GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
  • GDP > Purchasing power parity per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Figures expressed per capita for the same year.
  • GDP per capita: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • Gross National Income: GNI, Atlas method (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and prop).
  • Inflation rate > Consumer prices: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
  • Population below poverty line: National estimates of the percentage of the population lying below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations.
STAT AMOUNT DATE RANK HISTORY
Budget > Revenues $788.10 million 2013 170th out of 223
Budget surplus > + or deficit > - -3.8% of GDP 2012 117th out of 182
Currency > Least valued currency unit > Exchange rate to 1 US dollar 1,218.86 2011 8th out of 17
Debt > Government debt > Public debt, share of GDP 72.3 CIA 2014 36th out of 153
Exports $134.70 million 2012 170th out of 189
Exports per capita $13.68 2012 187th out of 189
GDP $2.47 billion 2012 150th out of 177
GDP > Composition, by sector of origin > Services 47% 2012 140th out of 189
GDP > Per capita $407.73 per capita 2010 116th out of 118
GDP > Per capita > PPP $600.00 2012 183th out of 188
GDP > Purchasing power parity per capita $370.20 2010 179th out of 181
GDP per capita $250.97 2012 177th out of 177
Gross National Income $692.34 million 2001 133th out of 158
Inflation rate > Consumer prices 18% 2012 10th out of 199
Population below poverty line 68% 2002 2nd out of 12

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; Xe Currency Converter; Wikipedia: List of countries by public debt (List) (Public debt , The World Factbook , United States Central Intelligence Agency , accessed on March 21, 2013.); CIA World Factbooks 2010, 2011, 2012, 2013. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank national accounts data, and OECD National Accounts data files.; CIA World Factbook 2010, 2011, 2012, 2013; CIA World Factbooks 18 December 2003 to 28 March 2011. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank national accounts data, and OECD National Accounts data files. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; CIA World Factbooks 18 December 2003 to 28 March 2011

Citation

"Burundi Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Burundi/Economy

NationMaster

Burundi Economy Profiles (Subcategories)

Adjusted savings 3 Inflation 9
Aid 5 Innovation 21
Balance of payments 34 Interest payments 3
Bank and trade-related lending 4 International tourism 14
Budget 10 Labor force 3
Changes in net 4 Long-term debt 4
Commercial service 4 Merchandise 4
Commercial service imports 4 Merchandise imports 4
Companies 20 National accounts 96
Currency 15 Natural gas 8
Current account balance 5 Net capital account 4
Current transfers 4 Net current transfers 4
Debt 95 Net current transfers from abroad 5
Economic aid 3 Net errors and omissions 4
Electricity 8 Net financial flows 28
Entrepreneurship 11 Net income 4
Exports 3 Net income from abroad 6
External balance on goods and services 7 Net incurrence of liabilities 3
External debt 215 Net trade in goods 4
Final 14 Net trade in goods and services 4
Financial sector 27 Official development assistance and official aid 4
Foreign aid 43 Oil 10
Foreign direct investment 10 Poverty 21
GDP 42 Poverty and inequality 15
GDP growth 3 Public and publicly guaranteed debt service 6
GDP per capita 4 Public and publicly guaranteed (PPG) debt 3
GNI 12 Purchasing power parity 11
Gold 4 Reserves 6
Goods 4 Retail 3
Goods imports 4 Royalty and license fees 4
Government 10 Savings 44
Government debt 8 Service 4
Government spending 5 Service imports 4
Gross capital formation 7 Services 10
Gross domestic savings 6 Spending 73
Gross fixed capital formation 7 Tax 71
Gross national expenditure 6 Total 9
Gross savings 6 Total debt service 6
Gross value added at factor cost 9 Tourism 21
High-technology 4 Tourism expenditures 5
Household final 15 Tourism receipts 5
IBRD loans and IDA credits 4 Tourist arrivals by region of origin 6
Income 24 Trade 669
Income distribution 4 Trademark applications 3
Income payments 4 Use of IMF credit 4
Income receipts 4 Welfare 5
Inequality 8
  • Burundi ranked first for GDP > composition by sector > agriculture amongst Catholic countries in 2012.
  • Burundi ranked second for labor force > by occupation > agriculture amongst Christian countries in 2013.
  • Burundi ranked first for inflation rate > consumer prices amongst Densely populated countries in 2012.
  • Burundi ranked last for GDP per capita amongst Landlocked countries in 2012.
  • Burundi ranked 12 places from the bottom for GDP amongst Sub-Saharan Africa in 2012.
  • Burundi has ranked last for trade > imports per capita since 2003.
  • Burundi has ranked last for international tourism > receipts > current US$ per capita since 1996.
  • Burundi has ranked last for international tourism > receipts > current US$ since 1999.

0

I appeal to USA government to make Burundi a succes story like in Rwanda.

Posted on 21 Aug 2010

Adaakira6@yahoo.fr

Adaakira6@yahoo.fr