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Economy of Burundi vs Eritrea compared: GDP & Debt

Updated on by Georank team

Burundi has a GDP of $3.08B compared to $2.07B for Eritrea, ranking 169/197 and 179/197 by economy size, respectively.

Burundi has $1.6B in government debt (52% of GDP), compared to $3.54B (260.4% of GDP) in Eritrea.

Burundi vs Eritrea GDP by year

Burundi
Eritrea
1x
Year GDP, current $
Burundi Eritrea
2024 $3,082,433,067 -
2023 $3,430,949,250 -
2022 $4,036,192,553 -
2021 $3,435,598,073 -
2020 $3,227,847,281 -
2019 $2,871,555,326 -
2018 $2,913,411,408 -
2017 $2,831,362,208 -
2016 $2,618,093,125 -
2015 $2,810,532,912 -
2014 $2,705,826,648 -
2013 $2,451,624,638 -
2012 $2,327,402,363 -
2011 $2,235,812,880 $2,065,001,626
2010 $2,032,135,192 $1,589,515,447
2009 $1,775,495,032 $1,856,695,551
2008 $1,611,835,857 $1,380,188,800
2007 $1,356,199,387 $1,317,974,491
2006 $1,273,375,078 $1,211,161,880
2005 $1,117,113,080 $1,098,424,686
2004 $915,257,323 $1,109,054,005
2003 $784,654,424 $870,248,268
2002 $825,394,519 $729,321,680
2001 $876,794,723 $752,371,689
2000 $870,486,066 $706,370,816
1999 $808,077,223 $688,918,537
1998 $893,770,740 $745,523,117
1997 $972,896,268 $686,490,090
1996 $869,033,856 $693,535,954
1995 $1,000,428,394 $578,015,625
1994 $925,030,590 $531,688,312
1993 $938,632,612 $467,872,715
1992 $1,083,037,671 $477,101,652
1991 $1,167,398,478 -
1990 $1,132,101,253 -
1989 $1,113,924,130 -
1988 $1,082,403,219 -
1987 $1,131,466,494 -
1986 $1,201,725,497 -
1985 $1,149,979,286 -
1984 $987,143,931 -
1983 $1,082,926,304 -
1982 $1,013,222,222 -
1981 $969,046,667 -
1980 $919,726,667 -
1979 $782,496,667 -
1978 $610,225,556 -
1977 $547,535,556 -
1976 $448,412,754 -
1975 $420,986,667 -
1974 $345,263,492 -
1973 $304,339,524 -
1972 $246,804,571 -
1971 $252,842,286 -
1970 $242,732,571 -
1969 $190,205,714 -
1968 $183,200,000 -
1967 $178,297,143 -
1966 $165,444,571 -
1965 $158,994,963 -
1964 $260,750,008 -
1963 $232,749,998 -
1962 $213,500,006 -
1961 $202,999,992 -
1960 $195,999,990 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/burundi/eritrea | CC BY

GDP per capita in Burundi vs Eritrea by year

Burundi
GDP per capita

GDP per capita, PPP
Eritrea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burundi Eritrea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $219.4 $1,195 - -
2023 $250.6 $1,150 - -
2022 $303 $1,105 - -
2021 $265 $1,036 - -
2020 $255.8 $958 - -
2019 $234.3 $868 - -
2018 $245.7 $823 - -
2017 $246.1 $791 - -
2016 $232.9 $764 - -
2015 $254.4 $722 - -
2014 $250.5 $724 - -
2013 $234.8 $687 - -
2012 $231.1 $637 - -
2011 $230.1 $629 $689 $1,742
2010 $216.7 $614 $540 $1,599
2009 $198.4 $605 $643 $1,577
2008 $189.5 $609 $490 $1,547
2007 $166.2 $594 $480 $1,727
2006 $161.9 $580 $448 $1,682
2005 $147.2 $553 $413 $1,674
2004 $125.2 $552 $427 $1,621
2003 $111.4 $532 $349 $1,621
2002 $121 $545 $305 $1,702
2001 $132.2 $528 $325 $1,684
2000 $134.5 $519 $314 $1,558
1999 $127.5 $523 $311 $1,597
1998 $144.5 $533 $342 $1,598
1997 $160.3 $513 $319 $1,573
1996 $143.2 $513 $326 $1,449
1995 $164.9 $548 $285.4 $1,369
1994 $161.9 $619 $277.8 $1,379
1993 $165.3 $634 $252.1 $1,149
1992 $184.9 $640 $265.2 $1,021
1991 $204.7 $636 - -
1990 $202.6 $598 - -
1989 $203.6 - - -
1988 $201.7 - - -
1987 $215.6 - - -
1986 $234.3 - - -
1985 $228.4 - - -
1984 $200.4 - - -
1983 $225.2 - - -
1982 $216.4 - - -
1981 $212.2 - - -
1980 $209.8 - - -
1979 $186.2 - - -
1978 $148.8 - - -
1977 $137.4 - - -
1976 $115.5 - - -
1975 $110.9 - - -
1974 $93.2 - - -
1973 $84.3 - - -
1972 $68.2 - - -
1971 $69.9 - - -
1970 $68.8 - - -
1969 $55.1 - - -
1968 $54.2 - - -
1967 $54 - - -
1966 $51.4 - - -
1965 $50.6 - - -
1964 $85.3 - - -
1963 $78.4 - - -
1962 $73.4 - - -
1961 $71.6 - - -
1960 $70.9 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/burundi/eritrea | CC BY

Burundi's GDP per capita is $219.4, ranking 197/197, compared to $689 in Eritrea, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Burundi ranks 196th at $1,195, while Eritrea ranks 191st at $1,742.

Economic indicators

Burundi Eritrea
Gross domestic product
$3.08B
2024
$2.07B
2011
GDP rank
169/197
2024
179/197
2011
GDP growth
4.11%
2023-2024
8.68%
2010-2011
GDP per capita
$219.4
2024
$689
2011
GDP per capita rank
197/197
2024
188/197
2011
GDP per capita, PPP
$1,195
2024
$1,742
2011
GDP per capita PPP rank
196/197
2024
191/197
2011
Government debt
$1.6B
2024
$3.54B
2011
Debt-to-GDP ratio
52%
2024
260.4%
2019
Government debt per person
$114.1
2024
$1,182
2011
Government debt per person rank
184/185
2024
136/185
2011
Average annual personal income after taxes
$1,228
2026
$1,129
2026
Income share by richest 10%
29.9%
2020
n/a
Income share by poorest 10%
2.9%
2020
n/a
Government expenditure, % of GDP
22.3%
2024
31.3%
2019
Consumer prices inflation
20.2%
2023-2024
1.3%
2018-2019
Unemployment rate
1.03%
2020
5.8%
2017
Population
14833763
3700586

Spending and national debt comparison by year

Burundi
Spending

Debt
Eritrea
Spending

Debt
1x
Year % of GDP
Burundi Eritrea
Government spending Government debt Government spending Government debt
2024 22.3% 52% - -
2023 28.4% 58.1% - -
2022 33.5% 68.5% - -
2021 28.4% 66.5% - -
2020 29.2% 65.9% - -
2019 28.8% 60.1% 31.3% 260.4%
2018 26% 53% 26.4% 267.1%
2017 24.1% 46.9% 42.5% 290.4%
2016 22.6% 46.1% 30.9% 251.2%
2015 23.2% 39.9% 31.1% 271.4%
2014 28.5% 38% 21.6% 204.5%
2013 34.8% 37.9% 32.7% 232.4%
2012 37.5% 41.4% 33.3% 171.6%
2011 42.2% 42.7% 32.3% 171.6%
2010 40.8% 46.9% 42.4% 201.8%
2009 38% 25.7% 44.9% 207.1%
2008 41.2% 102.5% 69.4% 259.7%
2007 39% 129.6% 51.2% 201.3%
2006 36.5% 130.3% 50.5% 199%
2005 33.1% 137% 76.6% 205.4%
2004 39.2% 166.1% 57.1% 193.5%
2003 33.9% 159.9% 58.1% 264%
2002 21.9% 144.8% 60.1% 243.4%
2001 22.7% 113.6% 59.5% 238.6%
2000 21.7% 120% 84.7% 219.1%
1999 20.5% 140.6% 106.1% -
1998 19.9% 138.9% 88% -
1997 18.8% 122.8% 60.1% -
1996 24.4% 139.4% 68.6% -
1995 22.1% 117.1% 81.2% -
1994 19.4% 119.6% 50.4% -
1993 24% 112% 67.2% -
1992 26.1% 93.5% 32.7% -
1991 19.2% - - -
1990 17.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1999, retrieved 2026-02-20).

GeoRank.org/economy/burundi/eritrea | CC BY

In 2024, Burundi's government spending was $689M, accounting for 22.3% of its GDP, while Eritrea spent $666M, or 31.3% of GDP.

Debt-to-GDP ratio is 52% in Burundi and 260.4% in Eritrea, ranking 101/185 and 2/185, respectively.

Government deficit by year

Deficit/surplus
Burundi

Eritrea
1x
Year Deficit/surplus, % of GDP
Burundi Eritrea
2024 -4.84% -
2023 -7.7% -
2022 -10.7% -
2021 -4.6% -
2020 -6.58% -
2019 -6.4% 2.72%
2018 -6.66% 5.22%
2017 -5.01% -5.74%
2016 -7.11% -1.44%
2015 -7.56% -2.77%
2014 -3.93% -0.12%
2013 -1.9% -7.62%
2012 -3.79% -5.21%
2011 -3.49% -5.5%
2010 -3.64% -16.5%
2009 -5.14% -22.2%
2008 -2.7% -38%
2007 -2.51% -19.8%
2006 -9.92% -15.5%
2005 -10.6% -31%
2004 -14.9% -7.65%
2003 -13.7% 6.23%
2002 -4.9% -13.3%
2001 -7.78% -9.62%
2000 -5.66% -25.4%
1999 -5.33% -59.7%
1998 -4.43% -40.3%
1997 -4.48% -5.65%
1996 -8.61% -18.4%
1995 -3.72% -22.9%
1994 -1.76% 8.69%
1993 -1.22% 4.22%
1992 -4.16% 6.85%
1991 4.14% -
1990 8.14% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/burundi/eritrea | CC BY

In 2011, Burundi's government deficit, the difference between spending and revenue, was $78.1M, equivalent to 3.49% of GDP. This compares to Eritrea's deficit of $114M, or 5.5% of GDP.

Over the past 20 years, Burundi recorded a fiscal deficit in 20 of those years, while Eritrea ran a deficit in 16 years. On average, Burundi posted an annual deficit equal to 5.93% of GDP, compared to deficit of 16.3% of GDP for Eritrea.

Inflation comparison by year

Inflation
Burundi

Eritrea
1x
Year Consumer prices inflation
Burundi Eritrea
2024 20.2% -
2023 26.9% -
2022 18.8% -
2021 8.4% -
2020 7.32% -
2019 -0.69% 1.3%
2018 -2.81% -14.4%
2017 16.1% -13.3%
2016 5.56% -5.6%
2015 5.54% 28.5%
2014 4.41% 8.4%
2013 7.94% 6.3%
2012 18.2% 6%
2011 9.59% 5.9%
2010 6.49% 10.3%
2009 10.6% 33.9%
2008 24.4% 22.2%
2007 8.41% 9.4%
2006 2.75% 7.7%
2005 13.3% 12.5%
2004 8.18% 25.1%
2003 10.6% 22.7%
2002 -1.37% 16.9%
2001 9.3% 14.6%
2000 24.4% 19.9%
1999 3.39% 8.4%
1998 12.5% 9.5%
1997 31.1% 3.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1997–2019, retrieved 2026-02-20).

GeoRank.org/economy/burundi/eritrea | CC BY

Over the past 23 years, Burundi has recorded an average annual inflation rate of 9.9%, compared with 10.4% in Eritrea. In 2019, inflation was 20.2% in Burundi and 1.3% in Eritrea.

Top exports between countries

Burundi
Export category Export value
Miscellaneous $40K
Eritrea
Export category Export value

Balance of trade

Burundi Eritrea
Current account balance
-$475M
2024
-$105M
2000
Current account balance ranking
105/190
2024
89/190
2000
Current account balance, % of GDP
-15.4%
2024
-14.8%
2000
Goods imports
$959M
2024
$471M
2000
Goods exports
$230M
2024
$36.8M
2000
Service imports
$361M
2024
$28.5M
2000
Service exports
$121M
2024
$60.9M
2000
Imports of goods and services, % of GDP
24.4%
2023
29.2%
2011
Exports of goods and services, % of GDP
5.29%
2023
18.2%
2011

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Burundi Eritrea
Economic freedom 40.2 39.6
Economic freedom ranking 187/197 188/197
Property rights 27.2 4.8
Government integrity 15.5 10.9
Judicial effectiveness 7.5 5.5
Tax burden 76.1 80.3
Government spending 76.3 62.3
Fiscal health 14.6 69
Business freedom 27.2 30.7
Labor freedom 49.9 43.4
Monetary freedom 55.5 80
Trade freedom 52.2 68.4
Investment freedom 50 0
Financial freedom 30 20

Economic freedom comparison by year

Burundi
Eritrea
1x
Year Economic freedom index
Burundi Eritrea
2026 40.2 39.6
2025 39.7 38.6
2024 38.4 39.5
2023 41.9 39.5
2022 39.4 39.7
2021 49.9 42.3
2020 49 38.5
2019 48.9 38.9
2018 50.9 41.7
2017 53.2 42.2
2016 53.9 42.7
2015 53.7 38.9
2014 51.4 38.5
2013 49 36.3
2012 48.1 36.2
2011 49.6 36.7
2010 47.5 35.3
2009 48.8 38.5
2008 46.2 -
2007 46.9 -
2006 48.7 -
2005 - -
2004 - -
2003 - -
2002 - -
2001 - -
2000 42.6 -
1999 41.1 -
1998 44.7 -
1997 45.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09).

GeoRank.org/economy/burundi/eritrea | CC BY

The Economic Freedom Index for Burundi is 40.2, ranking 187/197, compared to 39.6 for Eritrea, ranking 188/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burundi Eritrea
Services, % of GDP
43.2%
2024
n/a
Industry, % of GDP
17.7%
2024
21.8%
2009
Agriculture, forestry, and fishing, % of GDP
34.9%
2024
14.1%
2009
GNI, Atlas method
$3.61B
2024
$1.94B
2011
GNI per capita, PPP
$1,200
2024
$1,720
2011
Total reserves including gold
$90.3M
2023
$192M
2019
Total reserves ranking
174/177
2023
170/177
2019
Net foreign direct investment
-$24.8M
2024
-$27.9M
2000
Net inflows of foreign direct investment
$33.3M
2024
-$27.9M
2024
Net outflows of foreign direct investment
$8.51M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.16%
2024
1.07%
2011
Poverty at national poverty lines
51%
2020
50%
2020
Gross capital formation, % of GDP
10%
2023
12.6%
2011

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/burundi/eritrea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1992–1999, retrieved 2026-02-20)
  6. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. TradeMap (2024, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.