Gross Domestic Product for Burundi
MKTGDPBIA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,162,378,759.35
Year-over-Year Change
-7.33%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Burundi measures the total value of all goods and services produced within the country, providing a comprehensive indicator of economic activity and growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is a widely used metric that helps economists and policymakers assess the overall health and trajectory of a national economy. It is a fundamental macroeconomic indicator that informs decision-making on fiscal, monetary, and development policies.
Methodology
The GDP data for Burundi is collected and calculated by the World Bank based on national accounts information.
Historical Context
Burundi's GDP is closely monitored by international institutions and investors to gauge the country's economic performance and investment potential.
Key Facts
- Burundi's GDP was $3.1 billion in 2021.
- GDP per capita in Burundi was $270 in 2021.
- The Burundian economy contracted by 0.1% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Burundi measures the total value of all goods and services produced within the country, providing a comprehensive indicator of economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental macroeconomic indicator that helps economists and policymakers assess the overall health and trajectory of Burundi's national economy, informing decision-making on fiscal, monetary, and development policies.
Q: How is this data collected or calculated?
A: The GDP data for Burundi is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Burundi's GDP is closely monitored by international institutions and investors to gauge the country's economic performance and investment potential.
Q: Are there update delays or limitations?
A: The GDP data for Burundi may be subject to update delays and potential limitations in data collection or reliability, which should be considered when interpreting the trend.
Related Trends
Value of Exports to Burundi from District of Columbia
DCBDIA052SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Other Other Financial Intermediaries for Burundi
BDIFCLOFOXDC
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Burundi
BDIFCSODCXDC
Value of Exports to Burundi from Massachusetts
MABDIA052SCEN
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Burundi
BDIFCRODCSPNUM
Bank's Overhead Costs to Total Assets for Burundi
DDEI04BIA156NWDB
Citation
U.S. Federal Reserve, Gross Domestic Product for Burundi (MKTGDPBIA646NWDB), retrieved from FRED.