Country Snapshot

Population (2019, millions)¹ 11.531
Population Projections (2030, millions)¹ 15.77
Economically active population in agriculture (as % of Economically active population)12, 2019 98.5
Capital Bujumbura
Surface Area (km²)² 27,830
Weather¹¹ Average annual temperature, 24°C; driest months, June-September; wettest months, February-May; average monthly rainfall, 65 mm
Languages³ Official: Kirundi and French Others: Swahili, English and others
Main Religions³ Main: Catholic and Protestant - Others: Muslim and others
Time⁴ Central Africa Time (CAT) +0200 UTC
Driving Orientation⁵ Right Side
Internet Country Code⁶ .bi
Country Calling Code +257
Plug, Socket and Voltage⁷ Type C and E - 220V/50Hz
Currency Burundi Franc (BIF)
GDP at Market Prices (2018, current, billions of USD)⁹ 3.078
GDP Growth (2018, annual %)⁹ 1.6
Average GDP Growth (2014-2018, annual %)⁹ 0.36
GDP per Capita, PPP (2018, current international $)⁹ 742.8

Sources:
¹United Nations Population Division, Department of Economic and Social Affairs.
²COMESA Statistics, COMESTAT Data Hub.
³CIA World Factbook.
⁴Time and Date Portal.
⁵Chartsbin Portal, "Worldwide Driving Orientation by Country".
⁶Wikipedia, "List of Internet top-level domains"; and, Internet Assigned Numbers Authority, Root Zone Database.
⁷International Electrotechnical Commission, World Plugs.
⁹World Bank, World Development Indicators 2019.
¹¹Economist Intelligence Unit.
12AFDB Socioeconomic Database

Population

Population Projections (millions)

Population (2019) 11.53
Population Projections (2030) 15.77

Source: United Nations Population Division, Department of Economic and Social Affairs.

Population Residing in Urban Areas (%)

Population Projections (2019) 13.36
Percentage of Population Residing in Urban Areas (2030) 17.59

Source: United Nations Population Division, Department of Economic and Social Affairs.

Youth Literacy Rates (2017, %)

Youth Literacy Rate, Population 15-24 Years, Both Sexes 88.22
Youth Literacy Rate, Population 15-24 Years, Female 85.61
Youth Literacy Rate, Population 15-24 Years, Male 91.03

Source: United Nations Educational, Scientific and Cultural Organization, UNESCO Institute of Statistics.

Labour

Unemployment (2018, % of Total Labour Force, Modeled ILO Estimate)

Unemployment, Total 1.52
Unemployment, Female 1.07
Unemployment, Male 2.02

Source: World Bank, World Development Indicators 2019.

Labour Force (2017, % of Ages 15+, Modeled ILO Estimate)

Labour Force Participation Rate, Total 79.03
Labour Force Participation Rate, Female 80.34
Labour Force Participation Rate, Male 77.63
Labour Force, Total (number) 4,813,420

Source: World Bank, World Development Indicators 2019.

Economy - Overview

GDP


2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 4.2 (3.9) (0.6) 0.5 1.6
GDP Growth (annual %) 4.59 4.66 3.92 0.57 0.52

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)


2018 2019
Agriculture 48.78 48.38
Manufacturing 14.03 13.99
Industry 19.59 19.38
Services 50.64 51.23
Construction 4.18 4.04
Electricity, gas and water 0.92 0.92
Mining and quarrying 0.45 0.43
Education 7.81 7.79
Finance, real estate and business services 5.60 5.88
Public administration and Defense 8.71 8.83
Health and Social Work 3.98 4.04
Other services 3.36 3.56
Transport, storage and communication 5.09 5.36
Wholesale and retail trade, hotels and restaurants 21.21 21.20

Source: AFDB Socio Economic Database.

Trade Profile

Import Partners (Imported Value, thousands, USD)

Exporters 2014 2015 2016 2017 2018
World 672,579 560,585 625,328 783,299 793,512
Saudi Arabia 73,452 35,530 18,299 73,718 136,098
China 72,488 70,541 103,602 108,051 102,931
United Arab Emirates 28,273 27,744 41,978 56,771 69,849
India 75,161 67,146 88,399 109,594 55,969
Tanzania, United Republic of 56,298 44,027 51,584 59,237 49,810

Source: International Trade Center COMTRADE Statistics.

Export Partners (Exported Value, thousands, USD)

Importers 2014 2015 2016 2017 2018
World 141,501 113,791 123,056 149,406 169,071
United Arab Emirates 24,944 14,492 16,063 38,268 50,216
Congo, Democratic Republic of the 28,400 28,272 27,471 26,648 18,904
Pakistan - - - 13,812 13,145
Belgium 5,863 4,261 7,295 8,093 12,148
Switzerland 23,471 22,516 21,991 8,833 9,468

Source: International Trade Center COMTRADE Statistics.

Investment Profile

FDI Inflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inflows 47.06 7.36 0.06 0.32 0.98

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inward Stock 212 252 241 242 243

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 3 3 3 3 3

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inflows Main Source Countries (in terms of number of projects)

Kenya, Tanzania, Uganda, Netherlands, South Africa, Switzerland, UK, United States, Vietnam and Egypt.

Source: Financial Times, fDi Markets, 2018

Financial Times, fDi Markets, 2018

Financial Services, Communications, Business Services, Building and Construction Materials, Metals, Rubber, Renewable Energy, Food and Tobacco, Healthcare, Tourism.

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Companies (in terms of number of projects)

Diamond Trust Bank, Kenya Commercial Bank (KCB), Rainbow Rare Earths, Viettel Burundi, CityBlue Hotels, PriceWaterhouseCoopers (PwC), Ecobank Transnational, Viettel, SEW-Eurodrive, Equity Bank.

Source: Financial Times, fDi Markets, 2018

Doing Business

Overall Doing Business Ranking

2020 166/190
2019 168/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 44/190
Procedures (number) 4
Time (days) 5
Cost (% of income per capita*) 12.3
Paid-in Minimum Capital (% of income per capita*) 0.0

*GNI per capita used: USD 280
Source: World Bank, Doing Business, 2020

Paying Taxes

Paying Taxes

2020 Rank 140/190
Payments (number per year) 24
Time (hours per year) 232
Total Tax Rate (% of profit) 41.2
Profit Tax (% of profit) 28.5
Labour Tax and Contributions (% of profit) 10.2
Other Taxes (% of profit) 2.5

Source: World Bank, Doing Business, 2020

Trading Across Borders

2020 Rank 169/190
Time to Export: Border Compliance (hours) 59
Cost to Export: Border Compliance (USD) 109
Time to Export: Documentary Compliance (hours) 120
Cost to Export: Documentary Compliance (USD) 150
Time to Import: Border Compliance (hours) 154
Cost to Import: Border Compliance (USD) 444
Time to Import: Documentary Compliance (hours) 180
Cost to Import: Documentary Compliance (USD) 1025

Assumptions:
* It is assumed that shipment travels from a warehouse in the largest business city of the exporting economy to a warehouse in the largest business city of the importing economy.
* It is assumed that each economy imports a standardized shipment of 15 metric tons of containerized auto parts (HS 8708) from its natural import partner—the economy from which it imports the largest value (price times quantity) of auto parts. It is assumed that each economy exports the product of its comparative advantage (defined by the largest export value) to its natural export partner—the economy that is the largest purchaser of this product.
* A shipment is a unit of trade. Export shipments do not necessarily need to be containerized, while import shipments of auto parts are assumed to be containerized.
* Shipping cost based on weight is assumed to be greater than shipping cost based on volume.
* If government fees are determined by the value of the shipment, the value is assumed to be $50,000.
* The mode of transport is the one most widely used for the chosen export or import product and the trading partner, as is the seaport, airport or land border crossing.
* Time is measured in hours, and 1 day is 24 hours.
* Costs do not include tariffs.
Source: World Bank, Doing Business, 2020

Investment Regime

Legal Framework

Investment Code – Law N. 1/24 of the 10th of September 2008
Key guarantees in terms of investment protection include:

  • Protection against expropriation or nationalization of investments
  • Free transfer of foreign capital and income after taxes as well as the return on capital as dividends of companies with foreign or mixed capital
  • For dispute settlement, investors can choose between using an internal institutional arbitrage or institutional arbitration under the rules established by the ICSID

Source: United Nations Conference on Trade and Development, iGuide Burundi.

Investment Incentives

  • Acquisition of buildings and plots, essential for the achievement of the exploitation is exempted from transfer taxes.
  • A quota of 37% of the amount of depreciable assets invested in the enterprise is deductible as tax credit. The assets have to be used for at least 5 years in the enterprise.
  • If the business profit results in a loss in a tax period, the loss may be deducted from the business profit in the next five (5) tax periods, earlier losses being deducted before later losses.
    • Tax discount and exemption – A registered investment entity that operates in a Free Trade Zone (FTZ), and foreign companies that have their headquarters in Burundi, that fulfil the requirements stipulated in the Burundian Law on Investment Promotion, is entitled to:
    • Exemption from CIT for 10 years of business.
    • 15% CIT from year-11 and upwards.
    • 10% CIT if the investor employs more than 100
    • Burundians.
    • Exemption from 15% WHT on dividends.
    • Tax-free repatriation of profits.
    • Free transfer on purchase or sale of buildings.
  • A registered investor shall be entitled to a profit tax discount of:
    • (2%) if the investor employs between 50 and 200 Burundians; and (5%) if the investor employs more than 200 Burundians.
    • The workers taken into account are those having a taxable remuneration.

Source: KPMG, Burundi Fiscal Guide 2018 and Deloitte, Guide to Fiscal Information, Key Economies in Africa 2018