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French language map of Ruanda-Urundi, c. 1929–1938 Both Rwanda and Burundi were assigned to the German Empire in the Berlin Conference of 1884–85. [9] Germany did not rule over the kingdoms themselves, but instead chose to rule indirectly through their monarchies, [6] making them the westernmost part of the German East Africa colony.
The economy of Burundi is $3.436 billion by gross domestic product as of 2018, being heavily dependent on agriculture, which accounts for 32.9% of gross domestic product as of 2008. Burundi itself is a landlocked country lacking resources, and with almost nonexistent industrialization.
Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade , and it also requires ...
The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index . Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas.
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
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Frequently asked questions. Learn more about Social Security and your benefits with these commonly asked questions. And take a look at our growing library of personal finance guides that can help ...
Burundi, [b] officially the Republic of Burundi, [c] is a landlocked country in East Africa.It is located in the Great Rift Valley at the junction between the African Great Lakes region and Southeast Africa, with a population of over 14 million people. [14]