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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

Related Blogs and Resources

Burundi Takes a Step Towards Ratification of the EAC SPS Protocol

Published on March 22, 2017
Burundi Members of Parliament agreed to push for ratification of the East African Community (EAC) Sanitary and Phytosanitary (SPS) Protocol following a Hub-supported awareness workshop. Burundi and Tanzania are the only remaining EAC countries that have yet to ratify the Protocol. Ratification of the EAC SPS Protocol by all the EAC partner states will pave the way for domestication of the Protocol, including the drafting of harmonized regulations based on the EAC SPS Bill covering plant health, animal health and food safety. Harmonized SPS regulations among the EAC Partner States will contribute to greater intra-EAC and international trade. The Hub conducted the SPS Protocol awareness-raising workshop in collaboration with the Burundi Bureau of Standards and Quality Control. High-ranking government officials, including two Cabinet Ministers, four members of Parliament (including the President of the Committee on agriculture and livestock) and Senate, representatives of competent authorities responsible for plant health, animal health and food safety, private sector and the academia attended. Workshop facilitators outlined what participants have to gain by ratifying the SPS Protocol, including: Better food safety measures Improved plant protection and animal health. Enhanced risk mitigation arising from pest, pests, diseases and food safety concerns e.g. aflatoxins Improved competitiveness of the produce originating from the EAC region to external markets, such as the European Union Stronger coordination of institutional frameworks for enforcing of SPS measures within the EAC region.
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Forty-Six Postharvest Technology Innovators from East Africa to Compete for USD 30,000 in Seed Capital

Published on March 22, 2017
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EAC Common Market Implementation Update - Kenya, June 2016

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New on our Knowledge Center: A World Bank Group Flagship Report- Global Economic Prospects 2016

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New on our Knowledge Center: WTO World Trade Report 2015 and mobile app

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World Trade Report 2015

Published on April 29, 2016
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Regional passports for global recognition soon

Published on April 21, 2016
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EAC and USAID hold meeting in Arusha

Published on April 21, 2016
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