Burundi GDP Annual Growth Rate

Burundi's economy expanded 2.8% in 2023, from 1.8% in 2022. GDP Annual Growth Rate in Burundi averaged 2.75 percent from 1961 until 2023, reaching an all time high of 21.33 percent in 1970 and a record low of -13.75 percent in 1961. source: Bank of Burundi

GDP Annual Growth Rate in Burundi is expected to reach 2.30 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Burundi GDP Annual Growth Rate is projected to trend around 3.40 percent in 2025 and 4.50 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP	2.64	3.34	USD Billion	Dec 2023
GDP Annual Growth Rate	2.80	1.80	percent	Dec 2023
GDP per Capita	262.17	262.18	USD	Dec 2023
GDP per Capita PPP	857.09	857.15	USD	Dec 2023

Burundi is one of the poorest countries in the world.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.