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 31 December 2017 | $610.9 million (31 December 2017 est.) |
| Debt - external 31 December 2016 | $622.4 million (31 December 2016 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 | $747 million (2020 est.) |
| Expenditures | $1.111 billion (2020 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 | 39.5% (2017 est.) |
| Industry | 16.4% (2017 est.) |
| Services | 44.2% (2017 est.) |
| GDP - composition, by end use | |
| Household consumption | 83% (2017 est.) |
| Government consumption | 20.8% (2017 est.) |
| Investment in fixed capital | 16% (2017 est.) |
| Investment in inventories | 0% (2017 est.) |
| Exports of goods and services | 5.5% (2017 est.) |
| Imports of goods and services | -25.3% (2017 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
Want to know more about Burundi? Check all different factbooks for Burundi below.
