According to allcitypopulation, Burundi is a small, landlocked country located in the heart of Africa. It borders Rwanda to the north, Tanzania to the east and south, and the Democratic Republic of Congo to the west. It has an estimated population of 11 million people, with a population density of around 431 people per square kilometer. The official language is Kirundi, although French is widely spoken as well.
The geography of Burundi consists mostly of hills and plateaus with its highest point being Mount Heha at 2,685 meters above sea level. The country also has numerous rivers and lakes such as Lake Tanganyika and Lake Victoria which form part of its border with Tanzania. According to Petwithsupplies, the capital city of Burundi is Gitega with a population of 42,000 (census 2008). Other major cities include Bujumbura with a population of 1,000,000 (UN estimate 2020); Ngozi.
Burundi’s economy is largely dependent on agriculture with most of its population living in rural areas and engaging in subsistence farming activities. Agriculture accounts for around 33% of GDP while services account for 45%. The main agricultural products include coffee, tea, cotton, bananas and cassava. Burundi also has some mineral resources such as nickel and cobalt which are exported in small quantities but have potential for future development.
The manufacturing sector plays a small role in Burundi’s economy due to limited resources and technology available within the country. Manufacturing activities include food processing, textiles production and leather goods manufacturing among others. Tourism also makes up a small portion with most visitors coming from other African countries or Europe to visit national parks or take part in cultural events such as music festivals or traditional ceremonies held throughout the year.
Burundi is one of the least developed countries in Africa with a GDP per capita at just over US$400 (2018). It faces many economic challenges such as high poverty rates (over 70%), low access to basic services such as healthcare or education, high unemployment rates (estimated at over 80%) and limited access to finance for businesses or individuals due to poor infrastructure facilities such as roads or electricity networks among others.
Foreign Trade of Burundi
Burundi is a small landlocked country in Central Africa with a population of 11 million people. Its economy is heavily dependent on exports, making foreign trade an important part of the country’s economic development. Burundi’s main exports include coffee, tea, cotton, bananas and cassava as well as some minerals such as nickel and cobalt.
Burundi has traditionally relied on its neighbors for trade. Tanzania is the largest trading partner accounting for around 40% of Burundi’s total imports and exports. Other major trading partners include the Democratic Republic of Congo, Rwanda and Uganda with whom Burundi has signed various trade agreements in order to improve access to markets and promote economic growth.
In recent years, Burundi has been working to diversify its export markets by entering into new trade agreements with other countries including China and India. It has also signed the African Continental Free Trade Area (AfCFTA) in 2019 which will help it to boost its exports by providing access to new markets across Africa.
The government of Burundi also supports foreign investment into the country through various incentives such as tax breaks or grants for businesses that invest in certain sectors or areas. This helps to create jobs and attract more foreign capital into the country which can then be used to develop infrastructure or spur economic growth within certain industries or regions.
In terms of foreign aid, Burundi receives funding from various sources including multilateral organizations such as the World Bank or International Monetary Fund (IMF). This money helps to support development projects within the country such as healthcare programs or education initiatives which help reduce poverty levels and increase living standards for citizens.
Overall, foreign trade plays an important role in helping to drive economic growth within Burundi by providing access to new markets and increasing investment opportunities within the country. The government’s efforts towards diversifying export markets and encouraging foreign investment are positive steps towards achieving sustainable development within the nation over time.
Major Trading Partners of Burundi
Burundi’s major trading partners are primarily located in its East African region, with Tanzania being the largest partner. Tanzania accounted for around 40% of Burundi’s total imports and exports in 2019. Other major trading partners include the Democratic Republic of Congo, Rwanda, and Uganda. These countries have signed various trade agreements in order to improve access to markets and promote economic growth within Burundi.
In terms of imports, Burundi relies heavily on its neighbors for food products such as maize, rice, and wheat as well as manufactured goods such as machinery and vehicles. The country also imports a variety of raw materials from other countries such as petroleum from Nigeria and copper from Zambia.
In terms of exports, Burundi mainly relies on agricultural products for export income. Coffee is the country’s most important export product followed by tea, cotton, bananas, cassava and some minerals such as nickel and cobalt.
The government of Burundi has been working to diversify its export markets by signing new trade agreements with China and India in recent years. It has also signed the African Continental Free Trade Area (AfCFTA) which will help it to boost its exports by providing access to new markets across Africa.
Burundi also receives foreign aid from multilateral organizations such as the World Bank or International Monetary Fund (IMF). This money helps support development projects within the country such as healthcare programs or education initiatives which help reduce poverty levels and increase living standards for citizens.
Overall, foreign trade plays an important role in helping to drive economic growth within Burundi by providing access to new markets and increasing investment opportunities within the country. The government’s efforts towards diversifying export markets and encouraging foreign investment are positive steps towards achieving sustainable development within the nation over time.
Major Imports and Exports of Burundi
Burundi’s major imports include food products such as maize, rice, and wheat, as well as manufactured goods like machinery and vehicles. The country also imports raw materials from other countries, including petroleum from Nigeria and copper from Zambia. Burundi relies heavily on its neighbors for these imports due to their proximity and the trade agreements in place between them.
Burundi’s main exports are agricultural products such as coffee, tea, cotton, bananas, cassava, and minerals like nickel and cobalt. Coffee is the most important export product followed by tea. Cotton is also a major export product along with bananas and cassava. Finally, minerals such as nickel and cobalt are also exported out of Burundi.
The government of Burundi has been attempting to diversify its export markets in order to increase income levels within the country. They have signed new trade agreements with China and India in recent years which should help open up new markets for exports. Additionally, the nation has signed onto the African Continental Free Trade Area (AfCFTA) which will help it access markets across Africa more easily.
Foreign aid from multilateral organizations such as the World Bank or International Monetary Fund (IMF) also helps support development projects within Burundi such as healthcare programs or education initiatives which help reduce poverty levels and increase living standards for citizens. This foreign aid can be used to finance infrastructure projects or provide support for small businesses which can help create jobs within the nation over time.
In conclusion, foreign trade plays a major role in helping drive economic growth within Burundi by providing access to new markets and increasing investment opportunities within the country. The government’s efforts towards diversifying export markets and encouraging foreign investment are positive steps towards achieving sustainable development within the nation over time.