Burundi's largest industry is agriculture, which accounted for just over 30% of the GDP. Subsistence agriculture accounts for 90% of agriculture. The nation's largest source of revenue is coffee, which makes up 93% of Burundi's exports. Other agricultural products include cotton, tea, maize, sorghum, sweet potatoes, bananas, manioc (tapioca); beef, milk, and hides.
Burundi’s economic policy is driven by its Cadre stratégique de croissance et de lutte contre la pauvreté, CSLP II, adopted in February 2012. Its goal is to promote rapid and sustained growth.
The Burundian government is focusing on mobilizing domestic revenue by pursuing taxation reforms, including simplifying procedures, introducing a flexible tax system, broadening the tax base, decentralizing and modernizing collection structures, and harmonizing the tax system with the regulations of the East African Community (EAC).
Burundi is ranked 140th out of 189 economies in World Bank’s Doing Business 2014.
Burundi’s economic freedom score is 53.7, making its economy the 132nd (out of 186) freest in the Heritage Foundation’s 2015 Index of Economic Freedom. Burundi is ranked 27th out of 46 countries in the Sub-Saharan Africa region.
Heritage Foundation’s 2015 Index of Economic Freedom notes that despite the improvements in its economic freedom score the landlocked country remains in the ranks of the “mostly unfree.” The lack of capable public institutions and the weak rule of law continue to undermine the implementation of critical reforms. Tariff and non-tariff barriers coupled with burdensome investment regulations, still hamper development of a more dynamic private sector and interfere with diversification of the economic base.
United Nations Conference on Trade and Development STATS.
Related Blogs and Resources
Published on July 01, 2016
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Published on May 05, 2016
The January 2016 edition of Global Economic Prospects discusses current global and regional economic developments and prospects, analyzing key challenges and opportunities confronting developing countries. It also highlights spillovers from large emerging markets and macroeconomic vulnerabilities during resource development.
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Visit the knowledge center for this report and more.
Published on April 29, 2016
The WTO World Trade Report focuses on the benefits of the WTO Trade Facilitation Agreement (TFA), which was agreed by WTO members at the Ministerial Conference in Bali in December 2013. The 2015 World Trade Report is the first detailed study of the potential impacts of the TFA based on a full analysis of the final agreement text.
The WTO has also published a companion app (on iTunes, Android, and Amazon app stores) to the report. The app includes the full text of the Report plus the underlying data for all charts and tables in the Report. It also contains a video and photos of the launch event.
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Published on April 29, 2016
The WTO Trade Facilitation Agreement (TFA), which was agreed by WTO members at the Ministerial Conference in Bali in December 2013, is the first multilateral trade agreement concluded since the establishment of the WTO in 1995. The 2015 World Trade Report is the first detailed study of the potential impacts of the TFA based on a full analysis of the final agreement text.The WTO Trade Facilitation Agreement (TFA), which was agreed by WTO members at the Ministerial Conference in Bali in December 2013, is the first multilateral trade agreement concluded since the establishment of the WTO in 1995. The 2015 World Trade Report is the first detailed study of the potential impacts of the TFA based on a full analysis of the final agreement text.Download here
Get the companion app from the iTunes, Android, Amazon app stores.
The Report’s findings are consistent with existing studies on the scale of potential benefits from trade facilitation, but it goes further by identifying and examining in detail a range of other benefits from the TFA. These include diversification of exports from developing countries and least-developed countries to include new products and partners, increased involvement of these countries in global value chains, expanded participation of small and medium-sized enterprises in international trade, increased foreign direct investment, greater revenue collection and reduced incidence of corruption.The Report also looks into the challenges of implementing the Trade Facilitation Agreement and examines how a new facility, launched in 2014 by WTO Director-General Roberto Azevêdo, will provide support to help developing countries implement the Agreement.
Published on April 21, 2016
Holders of East African Community (EAC) passports who previously were limited to travelling to only five countries will from next year be able to cover other parts of the world.Speaking after a sensitisation seminar for Members of Parliament (MPs) of the Standing Order Committees on the integration process, the chairman of Tanzanian MPs in the EA Legislative Assembly (EALA), Mr Makongoro Nyerere, said that this comes after presidents of member states signed an agreement. Read more. Source: AllAfrica.
Published on April 21, 2016
The East African Community (EAC) last week hosted a two-day Regional Trade and Feed the Future Coordination Conference organized by the United States Agency for International Development (USAID) and the EAC. The two day conference, which was held in Arusha, Tanzania aimed at enhancing collaboration and sharing information among USAID missions and Partners to improve integration, innovation and scaling up of results, focus on the implementation of policy priorities and sharing lessons learned from across the region and initiatives.Amb. Dr Richard Sezibera said that the EAC and US government have built and sustained a mutual and strategic partnership dating back to the EAC’s inception. Read more. Source: East Africa Business Week.
Published on April 20, 2016
Trade facilitation – the simplification, harmonisation, standardisation and modernisation of procedures and associated information flows required to move goods across borders – is an important enabler of economic growth. Trade facilitation reduces the time, cost and other related barriers to trading between countries. Furthermore, trade facilitation also helps to maintain the integrity of borders by ensuring that the relevant laws and regulations are followed. Read more... Source: ICF Africa.
Published on March 22, 2016
The Hub's Trade Policy team held a workshop on World Trade Organization (WTO) transparency requirements and procedures on Technical Barriers to Trade (TBT) and Sanitary and Phytosanitary (SPS) measures on March 21 - 22. The workshop involved public and private sector actors from across the East African Community (EAC). Participants were educated on the WTO principles on good regulatory practice and best practices on how to implement electronic notification and enquiry points.
Below are links to the presentations made on the first and second days of the workshop as well as the draft country action plans:
Day 1 Presentations - Individial files | Compressed zip file - Part 1 | Part 2 | Part 3
Day 2 Presentations - Individual files | Compressed zip file
Draft Action Plans - Individual files | Compressed zip file