Burundi Profile

OVERVIEW

  1. Burundi’s economy is estimated at GDP of $2.472 billion in 2012 (WB)
  2. GDP per capita at approximately $ 250.96 in 2012 (WB)
  3. Population estimated at 9.85 million in 2012 (WB)
  4. Workforce depends heavily upon agriculture; a bad crop year has widespread repercussions for labor (WB)
  5. Energy shortages hurt manufacturing sector growth (EIU)
  6. World Bank ranks Burundi 140th out of 189 economies for ease of doing business (WB Doing Business Report 2014)
  7. Primary imports are cement, medicines, and passenger vehicles (GTIS)
  8. Primary exports are unroasted coffee, unwrought gold, and black tea (GTIS)
  9. The World Economic Forum identified the most problematic factors for doing business as corruption, limited access to financing, policy instability, inflation, and high tax rates (WEF)

EASE OF TRADING ACROSS BORDERS – Republic of Burundi

2005 2008 2011 2012 2013
Documents needed to import (number) 10 10 10 11 10
Time needed to import (days) 71 71 54 46 46
Cost to import (US$ per container) 4,035 4,035 4,855 5,008 4,420
Documents needed to export (number) 9 9 9 10 9
Time needed to export (days) 47 47 35 32 32
Cost to export (US$ per container) 2,347 2,347 2,965 2,965 2,905
Trading across borders rank (out of 189)      N/A N/A 174 177 175

THE MOST PROBLEMATIC FACTORS FOR DOING BUSINESS (WORLD ECONOMIC FORUM 2013-14: PERCENTAGE OF RESPONDENTS):

 Problematic Factor   Rank (%)
Access to financing 24.8
Corruption 23.8
Tax rates 9.2
Inflation 7.5
Foreign currency regulations 5.8
Inadequate supply of infrastructure 5.4
Policy instability 5.3
Insufficient capacity to innovate 5.0
Inefficient government bureaucracy 3.1
Inadequately educated workforce 2.8
Poor work ethic in national labor force 1.7
Crime and theft 1.6
Restrictive labor regulations 1.4
Tax regulations 1.3
Government instability/coups 1.1
Poor public health 0.1