Burundi vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Burundi ranked 167th with $3B. By GDP 5-years average growth and GDP per capita, Norway and Burundi ranked 142nd vs 168th and 5th vs 197th, respectively.

Gross Domestic Product & Income

StatBurundiNorway
GDP$3B$434.2B
GDP growth, 1 year0.1%1.4%
GDP growth, 5-years average-0.1%1.7%
Population10.9M5.4M
GDP per capita$272$82k
GDP per capita growth-1.56%0.58%
Purchasing Power Parity conversion factor651.0510.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.371.25
GDP per capita, PPP adjusted$733$74k
GNI, Atlas method$3.1B$428.4B
GNI per capita$280$81k
GNI, PPP adjusted$8.3B$363B
GNI per capita, PPP adjusted$750$68k

Financial system and Human development

StatBurundiNorway
Income Tax Rate35%47.8%
Corporate Tax Rate35%22%
Inflation, consumer prices1.2%2.8%
Inflation, GDP deflator-2.9%5.8%
Unemployment1.5%3.9%
Economic Freedom Index4973.4
Personal Freedom Index6.279.55
Human Freedom Index5.78.61
Property Rights Index24.984.3
Judical Effectiveness Index26.982.8
Business Freedom Index55.186.1
Fiscal Health Index13.297.3
Labor Freedom Index67.457.4
Investment Freedom Index5075
Financial Freedom Index3060
Trade Freedom Index68.283.8
Monetary Freedom Index70.374.8
Government Spending Index85.825.6
Tax Burden Index73.757.7
Government Integrity Index22.395.6
Corruption Perceptions Index1784
Life expectancy at birth, years60.982.5
Suicide mortality rate, per 100,000 people9.112.2
Mortality caused by road traffic injury, per 100,000 people34.72.7
Intentional homicides, per 100,000 people60.5
International tourism, number of arrivals299k5.7M

Government debt & reserves

StatBurundiNorway
Central government debt, % of GDP58.4%36.8%
External debt stocks, % of GNI19.2%N/A
External debt stocks$589.3MN/A
Short-term debt, % of total reserves0.4%N/A
Total debt service, % of exports and primary income14%N/A
Adjusted net savings including particulate emission damage, % of GNI-19%16.9%
Gross savings, % of GDP4.3%35.9%
Gross capital formation, % of GDP11.1%27.3%
Total reserves including gold$68.1M$63.1B
Foreign direct investment net inflows$984k-$17.4B

Exports, imports and economic structure

StatBurundiNorway
Exports of goods and services, % of GDP7.8%38.4%
Imports of goods and services, % of GDP30.5%32.6%
Current account balance (balance of payments)-$362.6M$31.4B
Revenue excluding grants, % of GDP15.8%47.4%
Grants excluding technical cooperation, BoP$380.5MN/A
Personal remittances received$48.3M$644.3M
Industry including construction value added, % of GDP11.1%32%
Agriculture, forestry and fishing value added, % of GDP29%1.9%
Charges for the use of intellectual property, payments BoP$4.7k$768.9M
Charges for the use of intellectual property, receipts BoP$3.4k$515.2M
Expense, % of GDP20.6%37.7%
Government Expenditure, % of GDP21.8%49.8%

Compare with countries close by GDP per capita

Burundi vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k