Business in Burundi Africa Burundian economy foreign trade exports

Course summary (Doing business in Burundi)

Burundian economy. Real GDP growth for 2008 is estimated to have reached 4.5% from 3.6% in 2007. The agricultural sector continues to remain the cornerstone of the Burundian economy. Burundi’s main cash crops - tea and coffee - are the main drivers of growth and make up a significant proportion of the country’s exports.

Coffee output rose in 2008/09 to reach 31,000 tonnes, compared with only 8,000 tonnes in 2007/08. The increase in output was due to the favourable response from farmers after the Office du café du Burundi (OCIBU) increased the price it pays farmers by 44%. This was in an effort to reduce smuggling to the region where producer prices are much higher.

Total exports for 2008 were expected to rise to USD 68.9 million from USD 52.2 million in the previous year. Increased tea exports were mainly behind this increase as they were projected to have grown by 45% to reach USD 13.5 million. Total imports also rose significantly in 2008 to reach USD 325.1 million from USD 271.2 million.

Example of the course Doing business in Burundi:

Burundi is member of the East African Community, COMESA, World Trade Organization (WTO), ACP, African Development Bank, NEPAD, African Union, CEEAC, UNECA, FAO, G-77, IBRD, International Monetary Fund (IMF), United Nations, UNCTAD, Africa Growth and Opportunity Act (AGOA), UNESCO, UNIDO, UPU, WHO, WIPO, Cotonou Agreement (European Union) ...

Neighbors: Rwanda, Tanzania and Democratic Republic of the Congo.

Business, Burundi, Africa, Burundian, economy, foreign trade, Exports, Doing business, Coffe, agriculture, Investing, FDI, foreign, direct investment, Member, East, African, Community, COMESA, Master, international business