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| Statistics |
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• GDP: US$800 million (2005). • Main exports: Coffee, tea, sugar, cotton and hides. • Main imports: Capital goods, petroleum products and foodstuffs. • Main trade partners: Switzerland, Germany, Belgium, Thailand, USA, Italy, Japan, Kenya, Tanzania, Uganda, France, Rwanda and Zambia.
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| Economy |
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Subsistence agriculture employs 90% of the workforce and accounts for approximately half of the total economic output. Cassava
and sweet potatoes are the main subsistence crops, while coffee (the country’s leading export), tea and cotton are the main
cash crops. Hides and skins also produce valuable income.
The country’s small mining industry produces gold, tin, tungsten and tantalum. Deposits of vanadium, uranium and nickel (perhaps
5% of known global reserves) have also been located and are due to be exploited in the near future. Oil deposits are believed
to be present, although the quantities are unknown. Manufacturing is confined to small textile concerns.
Burundi has economic cooperation agreements with Rwanda and the Democratic Republic of Congo through the Economic Community
of the Great Lakes Countries and is a member of the Common Market for Eastern and Southern Africa (COMESA) and of the International
Coffee Organisation. Burundi is also a member of the African Union (AU) and the World Tourism Organisation.
As one of the poorest countries in the world, with an annual per capita income of just US$100, Burundi remains heavily dependent
on foreign aid, principally from France, Germany, Belgium (these three are also its major sources of imports), the EU and
the World Bank.
Burundi’s major export markets are the countries of the CFA Franc zone, which take approximately one-third of the total.
The economy was expected to grow by 4% in 2006, while inflation was expected to be 11%.
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| Business Etiquette |
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Lightweight suits are necessary. April to October and December to January are the best times to visit.
Office hours: Mon-Fri 0730-1200 and 1400-1730.
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| Commercial Information |
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Chambre de Commerce et de l’Industrie du Burundi BP 313, Bujumbura, Burundi Tel: 222 280.
Intercontact (Information on Conferences/Conventions) BP 982, 19 rue de l’Industrie, Bujumbura, Burundi Tel: 226 618 or 666. Website: www.intercontactservices.com
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