Burundi - Economy
How is the economy of Burundi? Based on the information we have, Burundi has a highly agrarian, low-income Sub-Saharan economy; declining foreign assistance; increasing fiscal insolvencies; dense and still growing population; COVID-19 weakened economic recovery and flipped two years of deflation. Key agricultural products in this country include: cassava, bananas, sweet potatoes, vegetables, beans, potatoes, maize, sugarcane, fruits, rice (2022).
More about the economy of Burundi
Labor force 5.722 million (2023 est.)
Industrial production growth rate 2.75% (2023 est.)
Industries light consumer goods (sugar, shoes, soap, beer); cement, assembly of imported components; public works construction; food processing (fruits)
Population below poverty line
Taxes and other revenues 15.64% (of GDP) (2021 est.)
Fiscal year
Exchange rates
Currency Burundi francs (BIF) per US dollar -
Exchange rates 2023 2,574.052 (2023 est.)
Exchange rates 2022 2,034.307 (2022 est.)
Exchange rates 2021 1,975.951 (2021 est.)
Exchange rates 2020 1,915.046 (2020 est.)
Exchange rates 2019 1,845.623 (2019 est.)
Debt - external
Debt - external 2022 $444.292 million (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $90.35 million (2023 est.)
Reserves of foreign exchange and gold 2022 $158.53 million (2022 est.)
Reserves of foreign exchange and gold 2021 $266.164 million (2021 est.)
Current account balance
Current account balance 2018 -$362.645 million (2018 est.)
Current account balance 2017 -$373.389 million (2017 est.)
Current account balance 2016 -$339.695 million (2016 est.)
Public debt
Public debt 2017 51.7% of GDP (2017 est.)
Budget
Revenues $713.694 million (2021 est.)
Expenditures $506.147 million (2021 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 1.83% of GDP (2023 est.)
Remittances 2022 1.45% of GDP (2022 est.)
Remittances 2021 1.74% of GDP (2021 est.)
Household income
Lowest 10% 2.9% (2020 est.)
Highest 10% 29.9% (2020 est.)
Imports
Imports 2018 $905.294 million (2018 est.)
Imports 2017 $1.295 billion (2017 est.)
Imports (partners) China 15%, UAE 14%, Saudi Arabia 13%, Tanzania 12%, India 7% (2022)
Comodities Imports force refined petroleum, fertilizers, packaged medicine, cement, plastic products (2022)
Exports
Imports 2018 $905.294 million (2018 est.)
Imports 2017 $1.295 billion (2017 est.)
Exports (partners) UAE 32%, Democratic Republic of the Congo 14%, China 5%, Sudan 5%, Germany 4% (2022)
Comodities Exports force gold, coffee, tea, rare earth ores, tobacco (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $11.347 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $11.048 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $10.848 billion (2021 est.)
GDP (official exchange rate) $2.642 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $900 (2023 est.)
Real GDP per capita 2022 $900 (2022 est.)
Real GDP per capita 2021 $900 (2021 est.)
GDP - composition, by sector of origin
Agriculture 25.2% (2023 est.)
Industry 9.6% (2023 est.)
Services 48.8% (2023 est.)
GDP - composition, by end use
Household consumption 75.6% (2023 est.)
Government consumption 30.5% (2023 est.)
Investment in fixed capital 13% (2023 est.)
Exports of goods and services 5.3% (2023 est.)
Imports of goods and services -24.3% (2023 est.)
Unemployment rate
Unemployment rate 2023 0.93% (2023 est.)
Unemployment rate 2022 0.92% (2022 est.)
Unemployment rate 2021 1.11% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 1.7% (2023 est.)
Male 2.2% (2023 est.)
Female 1.3% (2023 est.)
All Important Facts about Burundi

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Burundi is found in Eastern Africa