Ludwig von Mises Institute

Burundi

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Country summary

Capital

Bujumbura

Borders

Democratic Republic of the Congo 233 km, Rwanda 290 km, Tanzania 451 km

Government type

republic

Population

9,511,330[1]

Population growth

3.688% (2010 est.)[1]

Life expectancy

57.8 years[1]

Unemployment

NA%[1]

Index of Economic Freedom

160[2]

Corruption Perceptions Index

168[3]

Doing Business ranking

176[4]


Burundi's first democratically elected president was assassinated in October 1993 after only 100 days in office, triggering widespread ethnic violence between Hutu and Tutsi factions. More than 200,000 Burundians perished during the conflict that spanned almost a dozen years. Hundreds of thousands of Burundians were internally displaced or became refugees in neighboring countries. An internationally brokered power-sharing agreement between the Tutsi-dominated government and the Hutu rebels in 2003 paved the way for a transition process that led to an integrated defense force, established a new constitution in 2005, and elected a majority Hutu government in 2005. The new government, led by President Pierre NKURUNZIZA, signed a South African brokered ceasefire with the country's last rebel group in September of 2006 but still faces many challenges.[1]

Economical characteristics[edit]

  • Currency: Burundi franc (ISO code: BIF)
  • Central bank discount rate: 10.08% (31 December 2008)[1]
  • Commercial banks lending rate: 16.52% (31 December 2008)[1]
  • Stock of money (M1): $261.6 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $189.9 million (31 December 2008)[1]


Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 808 709 662 628 595 664 796 919 980 1 163
Govt. debt (% of GDP)[6] 162.561
Govt. revenue (% of GDP)[7] 15.796
Govt. expenses (% of GDP)[8] 20.648
Debt to revenue (years) 10.291

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Burundi", from The World Factbook. Referenced 2010-10-01.
  2. ↑ Heritage Foundation. "Burundi", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  3. ↑ Transparency International. "Burundi", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-01.
  4. ↑ Doing Business. "Burundi", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  5. ↑ World Bank. "Burundi: GDP", from World Bank Data. Referenced 2010-10-01.
  6. ↑ World Bank. "Burundi: government debt", from World Bank Data. Referenced 2010-10-01.
  7. ↑ World Bank. "Burundi: government revenue", from World Bank Data. Referenced 2010-10-01.
  8. ↑ World Bank. "Burundi: government expenses", from World Bank Data. Referenced 2010-10-01.

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