Burundi/Economy

Economy - overview: Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantely agricultural with roughly 90% of the population dependent on subsistence agriculture. Its economic health depends on the coffee crop, which accounts for 80% of foreign exchange earnings. The ability to pay for imports therefore rests largely on the vagaries of the climate and the international coffee market. Since October 1993 the nation has suffered from massive ethnic-based violence which has resulted in the death of perhaps 250,000 persons and the displacement of about 800,000 others. Foods, medicines, and electricity remain in short supply.

GDP: purchasing power parity - $4.2 billion (1999 est.)

GDP - real growth rate: -1% (1999 est.)

GDP - per capita: purchasing power parity - $730 (1999 est.)

GDP - composition by sector:
agriculture: 46%
industry: 17%
services: 37% (1998 est.)

Population below poverty line: 36.2% (1990 est.)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 26% (1999 est.)

Labor force: 1.9 million

Labor force - by occupation: agriculture 93%, government 4%, industry and commerce 1.5%, services 1.5% (1983 est.)

Unemployment rate: NA%

Budget:
revenues: $125 million
expenditures: $176 million, including capital expenditures of $NA (2000 est.)

Industries: light consumer goods such as blankets, shoes, soap; assembly of imported components; public works construction; food processing

Industrial production growth rate: NA%

Electricity - production: 127 million kWh (1998)

Electricity - production by source:
fossil fuel: 1.57%
hydro: 98.43%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 153 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 35 million kWh
note: imports some electricity from Democratic Republic of the Congo (1998)

Agriculture - products: coffee, cotton, tea, corn, sorghum, sweet potatoes, bananas, manioc (tapioca); beef, milk, hides

Exports: $56 million (f.o.b., 1999)

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

Exports - partners: UK, Germany, Benelux, Switzerland (1998)

Imports: $108 million (f.o.b., 1999)

Imports - commodities: capital goods, petroleum products, foodstuffs

Imports - partners: Benelux, France, Zambia, Germany, Kenya, Japan (1998)

Debt - external: $1.247 billion (1997 est.)

Economic aid - recipient: $1.344 billion (1999 est.)

Currency: 1 Burundi franc (FBu) = 100 centimes

Exchange rates: Burundi francs (FBu) per US$1 - 626.79 (January 2000), 563.56 (1999), 477.77 (1998), 352.35 (1997), 302.75 (1996), 249.76 (1995)

Fiscal year: calendar year