GFmag Online Readers Survey 2012
Burkina Faso


Burkina Faso Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Burkina Faso; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankCentral Bank of West African States (BCEAO)
International ReservesUS$ 1.068 billion (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 9.612 billion (2010 estimate)
GDP (Purchasing Power Parity)21.342 billion of International dollars (2010 estimate)
Real GDP growth
20002001200220032004200520062007
2.9%6.6%4.4%7.8%4.5%8.7%5.5%3.6%
2008200920102011*
5.2%3.2%5.8%5.5%

*Estimate

GDP per capita - current pricesUS$ 639 (2010 estimate)
GDP per capita - PPP$1,420 International Dollars (2010 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.02%0.02%0.02%0.03%0.03%

**Forecast

GDP - composition by sector
  • agriculture: 34.1% 
  • industry: 23.2% 
  • services: 42.8% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
10.7%(2008)2.6%0.4%2%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
21.9%24.4%25.8%27.7%29.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-5.6%-4.1%-4.7%-4.6%-3.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B/Stable/B

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in Burkina FasoN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.4 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP-4.1% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

11.5% (2006)

(Data released on December 2010)

Shares in world total merchandising export0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$991 million f.o.b. (2010 estimate)
Export commoditiescotton, livestock, gold
Total importsUS$1.665 billion f.o.b. (2008 estimate)
Import commoditiescapital goods, foodstuffs, petroleum
Exports - major partnersChina 29.6%, Singapore 15.7%, Thailand 7.2%, Ghana 6.4%, Niger 4.8% (2007)
Imports - major partnersCote d'Ivoire 25.8%, France 20.6%, Togo 7.1% (2007)
FDI inflows
200820092010
US$137 millionUS$171 million(2009)US$37 million(2009)
FDI outflows
200820092010
US$0 millionUS$1 millionUS$0 million
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 151 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 119 out of 183 countries(2009)

Registering property: 118 out of 183 countries

Paying Taxes: 148 out of 183 countries

Getting credit: 152 out of 183 countries

Protecting investors: 147 out of 183 countries

Trading across border: 175 out of 183 countries

Enforcing Contracts: 108 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		136

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 85 Score: 60.6 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC 0
Total area 274,222 km2 (2006)
CapitalOuagadougou (2009)
CurrencyCommunaute Financiere Africaine francs (XOF) (2009)
Government typeparliamentary republic (2009)
LanguagesFrench (official), native African languages belonging to Sudanic family spoken by 90% of the population
ReligionsMuslim 50%, indigenous beliefs 40%, Christian (mainly Roman Catholic) 10%
Total population
1980199020002010*2015**
6.96 million8.53 million11.29 million14.7 million16.47 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
4.7%8.8%16.6%20%
Population median age17.0 years (2006)
Population growth rate3.4% (2009)
Life expectancy52 years (2007)
Adult literacy29% (2000/2007)
% of population living on less than $2 a day81.21% (2011)
Inequality of wealth distribution (Gini index)

39.6 (2003)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:5
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

35.53% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population1.4% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Ouagadougou: 28th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.1218 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Ecobank Burkina Faso (National, 2012)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE