Economy of Burundi
Population: 11.18 M (2018)
GDP per Capita: 272 USD (2018)
3,040 M.

GDP USD

(2018)

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240 M.

EXPORTS USD

(2018)

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930 M.

IMPORTS USD

(2018)

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45.80 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.61 % (2018)
GDP of 2010 USD USD 2.40 B. (2018)
GDP Current USD USD 3.04 B. (2018)
GDP per Capita Current USD USD 272 (2018)
GDP per capita, PPP USD 660 (2018)
GDP per Capita, 2010 USD USD 211 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 26.21 % (2018)
Government Spending USD 0.80 B. (2018)
Government Debt % GDP 45.80 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 145.06 (2018)
Trade Openness 38.26 % (2018)
Exports of Goods and Services % GDP 7.76 % (2018)
Exports Goods & Services USD 0.24 B. (2018)
Exports Annual Growth 22.66 % (2018)
Imports as % GDP 30.50 % (2018)
Total Imports USD 0.93 B. (2018)
Foreign Direct Investment % GDP 0.03 % (2018)
Foreign Direct Investment USD 0.05 B. (2015)
Current Account Balance % GDP USD -11.94 % (2018)
Current Account Balance USD -0.36 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -0.62 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.07 B. (2018)
Remittances % GDP 1.19 % (2018)
Remittances USD 33 M. (2018)
Balance of Payments USD 28 M. (2018)

Labor Market

Indicator Value
Labor Force 4.98 M. (2019)
Unemployment Rate 1.54 % (2019)
Unemployment Rate Females 1.01 % (2019)
Unemployment Rate Males 1.88 % (2019)
Youth Unemployment (ages 15-24) 2.87 % (2019)
Labor Force Participation Rate 79.03 % (2019)
Labor Force (Percent Female) 51.86 % (2019)
Female Labor Force Participation Rate 80.36 % (2019)
Male Labor Force Participation Rate 77.61 % (2019)
Dependent People 91.38 % (2018)

Agriculture Sector

Indicator Value
Forest Area 10.90 % (2016)
Forest Area km² 2,806 km² (2016)
Agricultural Land 79.17 % (2016)
Agricultural Land km² 20,330 km² (2016)
Employment 92.04 % (2019)
Value added % GDP 29.01 % (2018)
Agriculture Value added USD 0.88 B. (2018)
Crop Production Index 105.20 (2016)
Precipitation 1,274 mm (2014)
Arable Land 47 % (2016)
Cereal Yield 1,414 kg/hectare (2017)
Food production index 120 (2016)
Rural Population 87 % (2018)
Fertilizer use of Arable Land 5 kg/hectare (2016)
Livestock Production Index 141 (2016)
Economy of Burundi

According to the World Bank and its latest published data, the economy of the Burundi presents a growth rate of 1.61 % (2018) to the previous year.

With a population that reaches 11.18 M (2018) and a gross domestic product of USD 3.04 B. (2018), it translates a Gross Domestic Product per Capita of USD 272 placing its inhabitants on the threshold of an Low-income country (according to the World Bank's updated classification).

Burundi also has a workforce of 4.98 M. (2019) with an unemployment rate of 1.54 % (2019), where women represent 1.01 % (2019) and men 1.88 % (2019), the unemployment rate for young people between 15-24 years old stood at 2.87 % (2019). The total number of dependent people stands at 91.38 % (2018).

The central government spent 26.21 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.80 B. (2018). Its consolidated public debt reached 45.80 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Burundi exported USD 0.24 B. (2018), which represents 7.76 % (2018) of its gross domestic product, in that same sense its imports reached USD 0.93 B. (2018) with a direct foreign investment of USD 0.05 B. (2015).

Burundi has a forest area of 2,806 km² (2016), which represents 10.90 % (2016) of its total area, an average rainfall of 1,274 mm (2014) per year and a population of 87 % (2018) living in rural areas. With a total area of 20,330 km² (2016) available for agriculture and 92.04 % (2019) of its employments, the agricultural sector contributes to the economy of the Burundi about USD 0.88 B. (2018) (29.01 % (2018) of its GDP).