s (hoist side and outer side) with a white disk superimposed at the
center bearing three red six-pointed stars outlined in green arranged in a
triangular design (one star above, two stars below)
*Burundi, Economy
Overview:
A landlocked, resource-poor country in an early stage of economic
development, Burundi is predominately agricultural with only a few basic
industries. Its economic health depends on the coffee crop, which accounts
for an average 90% of foreign exchange earnings each year. The ability to
pay for imports therefore continues to rest largely on the vagaries of the
climate and the international coffee market. As part of its economic reform
agenda, launched in February 1991 with IMF and World Bank support, Burundi
is trying to diversify its agricultural exports and attract foreign
investment in industry. Several state-owned coffee companies were privatized
via public auction in September 1991.
National product:
GDP - exchange rate conversion - $1.23 billion (1991 est.)
National product real growth rate:
5% (1991 est.)
National product per capita:
$205 (1991 est.)
Inflation rate (consumer prices):
9% (1991 est.)
Unemployment rate:
NA%
Budget:
revenues $318 million; expenditures $326 million, including capital
expenditures of $150 million (1991 est.)
Exports:
$91.7 million (f.o.b., 1991)
commodities:
coffee 81%, tea, hides, and skins
partners:
EC 83%, US 5%, Asia 2%
Imports:
$246 million (c.i.f., 1991)
commodities:
capital goods 31%, petroleum products 15%, foodstuffs, consumer goods
partners:
EC 57%, Asia 23%, US 3%
External debt:
$1 billion (1990 est.)
Industrial production:
real growth rate 11.0% (1991 est.); accounts for about 5% of GDP
Electricity:
55,000 kW capacity; 105 million kWh produced, 20 kWh per capita (1991)
Industries:
light consumer goods such as blankets, shoes, soap; assembly of imports;
public works construction; food processing
Agriculture:
accounts for 60% of GDP; 90% of population dependent on subsistence farming;
marginally self-sufficient in food production; cash crops - coffee, cotton,
tea; food crops - corn, sorghum, sweet potatoes, bananas, manioc; livestock
- meat, milk, hides and skins
Economic aid:
US commitments, including Ex-Im (FY70-89), $71 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $10.2 billion; OPEC
bilateral aid (1979-89), $32 milli
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