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Burundi Economy 2000 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:
Population below poverty line: 36.2% (1990 est.) Household income or consumption by percentage share:
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:
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:
Electricity - consumption: 153 million kWh (1998) Electricity - exports: 0 kWh (1998) Electricity - imports:
35 million kWh
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 |
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