Burundi - trade

Question 1

What physical factors limit Burundi?

Answer 1

Landlocked and resource poor

Question 2

Where is Burundi located?

Answer 2

East Africa

Question 3

What % of the population depend on subsistence agriculture?

Answer 3

90%

Question 4

How does Burundi rank on UN HDI scale?

Answer 4

170th out of 177

Question 5

What is the economy based off?

Answer 5

Export of coffee and tea

Question 6

How much does the export of coffee and tea count for in foreign exchange earnings?

Answer 6

90%

Question 7

How much of Burundi’s exports go to the EU who provides privileged market access?

Answer 7

Over 1/2

Question 8

What is the manufacturing sector like?

Answer 8

Largely underdeveloped

Question 9

Name 2 factors that deter foreign investment and industrial development

Answer 9

Poor access overland

Reliance on Kenya’s ports

Question 10

What does Burundi’s export performance rely on?

Answer 10

Depends on success of annual harvest and prices on world markets

Question 11

What happens to world prices for primary goods?

Answer 11

Fluctuate more than prices for manufactured goods, creating severe economic problems during periods of oversupply and low demand

Question 12

What would strengthen the country’s economic situation?

Answer 12

Diversification into new primary export products and diversification into manufactured goods

Question 13

What does manufacturing provide?

Answer 13

Higher and more stable export earnings, as well as new jobs, skills and vital infrastructure