Indicators of economy in Burundi
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Burundi, on the other hand, reached USD 221 per capita, or 2.78 billion USD for the whole country. Burundi is currently at number 177 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Burundi ranks 190th in the list of the richest countries.Inflation in Burundi in 2022 was around 18.80%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.
The index for perceived corruption in the public sector is 17, which is rather poor by global standards.
Back to overview: Burundi
Impact of the COVID-19 pandemic
Overall, the gross domestic product in Burundi in 2020 increased from 2.58 billion US dollars to 2.65 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 2.8 percent increase has been rather unusual this year. While most countries have suffered significant losses, Burundi has certainly held its own. The unemployment rate rose from 0.9 to 1.0 percent. The country's gross debt increased by 10.8 percent. The consumer inflation rate has risen from -0.7 percent previously to 7.3 percent now.Income and purchasing power
The average monthly income in Burundi is 18 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 64.1 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Burundi than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 99.1 percent less.However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.
Unemployment rates in percentages 1991 - 2022
Economic performance 2021
Burundi Total | Burundi per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 2.78 bn USD | 221.48 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 2.79 bn USD | 222.57 USD | 16.895 tn USD | 32,835.37 USD |
In the Global Innovation Index, Burundi ranked 130th in 2022 with 12.3 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.
Development of gross domestic product in millions of USD 1960 - 2021
› Debt budget development
› Development of inflation
› Corruption in Burundi
› Cost of living in a global comparison
› Development of inflation
› Corruption in Burundi
› Cost of living in a global comparison
Imports and Exports 2018
Burundi Total | Burundi per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 905.29 m USD | 72.13 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 285.11 m USD | 22.72 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in millions of USD 1985 - 2018
Exports
Imports