Burundi GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Burundi expanded 4.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Burundi is reported by the Bank of Burundi. GDP Annual Growth Rate in Burundi averaged 2.65 Percent from 1961 until 2013, reaching an all time high of 21.33 Percent in 1970 and a record low of -13.75 Percent in 1961. Burundi is one of the poorest countries in the world. After decades of devastating civil war, Burundi still experiences regular outbursts of violence which hamper the country's growth. The country has virtually no service or manufacture industry and over 90 percent of population rely on agriculture. As such, Burundi's economy is highly dependent on foreign aid which accounts for over 50 percent of government budget. In recent years, international organisations have been working with the government to address bureaucracy, widespread corruption, lack of security and basic infrastructure, poor education and healthcare system. As a result, Burundi has been able to attract foreign direct investments to its coffee and tea industries which are expected to drive the growth. This page provides - Burundi GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.60 4.20 21.33 -13.75 4.62 | 2014/12 1961 - 2013 Percent Yearly

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Burundi GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 2.47 2012-12-31 2.35 2.47 0.16 2.78 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 4.60 2013-12-31 4.20 21.33 -13.75 4.62 2014-12-31 Percent [+]
GDP per capita 153.12 2012-12-31 152.00 223.51 124.40 154.66 2014-06-30 USD [+]
GDP per capita PPP 482.88 2012-12-31 479.34 704.88 453.44 487.75 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Burundi Gold Reserves at 0.03 Tonnes  
Gold Reserves in Burundi remained unchanged at 0.03 Tonnes in the fourth quarter of 2013 from 0.03 Tonnes in the third quarter of 2013. Gold Reserves in Burundi is reported by the World Gold Council.
Burundi Inflation Rate at 5.90 Percent  
The inflation rate in Burundi was recorded at 5.90 percent in February of 2014. Inflation Rate in Burundi is reported by the Bank of Burundi.
Burundi GDP Annual Growth Rate at 4.60 Percent  
The Gross Domestic Product (GDP) in Burundi expanded 4.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Burundi is reported by the Bank of Burundi.
Burundi Interest Rate at 11.45 Percent  
The benchmark interest rate in Burundi was last recorded at 11.45 percent. Interest Rate in Burundi is reported by the Bank of Burundi.
Burundi Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Burundi stands at 18 percent. Sales Tax Rate in Burundi is reported by the Revenue Authority (Office Burundais des Recettes).
Burundi Balance of Trade at -85931.90 million BIF  
Burundi recorded a trade deficit of 85931.90 million BIF in October of 2013. Balance of Trade in Burundi is reported by the Bank of Burundi.
Burundi Current Account at -255.10 USD Million  
Burundi recorded a Current Account deficit of 255.10 USD Million in 2012. Current Account in Burundi is reported by the Bank of Burundi.
Burundi Industrial Production at 3.70 Percent  
Industrial Production in Burundi increased 3.70 percent in October of 2013 over the same month in the previous year. Industrial Production in Burundi is reported by the Bank of Burundi.
Burundi Government Budget at -7.90 Percent of GDP  
Burundi recorded a Government Budget deficit equal to 7.90 percent of the countrys Gross Domestic Product in 2012. Government Budget in Burundi is reported by the Bank of Burundi.
Burundi Government Debt To GDP at 17.40 Percent of GDP  
Burundi recorded a Government Debt to GDP of 17.40 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Burundi is reported by the Bank of Burundi.
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