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Burundi

Country Summary

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

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