Sub Saharan Africa

Burundi
Last reviewed: 15 July 2008

Country information

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ECONOMY

GDP: US$1bn (2007 est.)
Real GDP Growth: 5.5% (2007 est.)
Inflation: 7.0% (2007 est.)
Major Exports: Coffee, tea, manufacture
Major Trading Partners: Exports – Germany (22.8%), Switzerland (10.9%), Belgium (7.0%), Rwanda (6.8%).
Imports – Kenya (13.5%), Italy (10.8%),Tanzania (7.9%), Belgium (6.9%).
Exchange Rate: Franc Burundais 1,065 = US$1 (2007 est.)

The mainstay of the Burundian economy is agriculture, accounting for some 49% of GDP, and supporting more than 90% of the labour force. Continued insecurity, overpopulation, and soil erosion have contributed to a significant contraction of the subsistence economy in recent years. The main cash crop is coffee with other principal exports including tea and raw cotton. Although potential wealth in petroleum, nickel, copper, and other natural resources is being explored, the uncertain security situation has prevented meaningful investor interest. Industrial development also is hampered by Burundi's distance from the sea and high transport costs. The real economy was expected to grow at 5.5% in 2007 and inflation was expected to be 7%.

IMF Country Reports - Burundi