Economy of Burundi

Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The mainstay of the Burundian economy is agriculture, accounting for 54% of GDP in 1997. Agriculture supports more than 70% of the labour force, the majority of whom are subsistence farmers. Although Burundi is potentially self-sufficient in food production, the ongoing civil war, overpopulation, and soil erosion have contributed to the contraction of the subsistence economy by 25% in recent years. Large numbers of internally displaced persons have been unable to produce their own food and are largely dependent on international humanitarian assistance. Burundi is a net food importer, with food accounting for 17% of imports in 1997.

Industry

Little industry exists except the processing of agricultural exports. Although potential wealth in petroleum, nickel, copper, and other natural resources is being explored, the uncertain security situation has prevented meaningful investor interest. Industrial development also is hampered by Burundi's distance from the sea and high transport costs. Lake Tanganyika remains an important trading point. The trade embargo, lifted in 1999, negatively impacted trade and industry. Since October 1993 the nation has suffered from massive ethnic-based violence which has resulted in the death of perhaps 250,000 people and the displacement of about 800,000 others. Foods, medicines, and electricity remain in short supply.

Burundi

Coordinates: 3°30′S 30°00′E / 3.500°S 30.000°E / -3.500; 30.000

Burundi (/bəˈrʊndᵻ/ or /bəˈrʌndi/), officially the Republic of Burundi (Kirundi: Republika y'Uburundi,[buˈɾundi]; French: République du Burundi, [buʁundi] or [byʁyndi]), is a landlocked country in the African Great Lakes region of East Africa, bordered by Rwanda to the north, Tanzania to the east and south, and the Democratic Republic of the Congo to the west. It is considered part of Central Africa. Burundi's capital is Bujumbura. The southwestern border is adjacent to Lake Tanganyika.

The Twa, Hutu and Tutsi peoples have lived in Burundi for at least five hundred years. For more than 200 years, Burundi was an independent kingdom. At the beginning of the twentieth century, Germany colonized the region. After the First World War and Germany's defeat, it ceded the territory to Belgium. The Belgians ruled Burundi and Rwanda as a European colony known as Ruanda-Urundi. Their intervention exacerbated social differences between the Tutsi and Hutu, and contributed to political unrest in the region. Burundi gained independence in 1962 and initially had a monarchy, but a series of assassinations, coups, and a general climate of regional instability culminated in the establishment of a republic and one-party state in 1966. Bouts of ethnic cleansing and ultimately two civil wars and genocides during the 1970s and again in the 1990s left the country undeveloped and its population as one of the world's poorest. 2015 witnessed large-scale political strife as President Pierre Nkurunziza opted to run for a third term in office, a coup attempt failed and the country's parliamentary and presidential elections were broadly criticized by members of the international community.