BEST BANKS 2014: AFRICA
The financial system in Africa varies from the highly developed banking institutions of South Africa and Nigeria to the barely organized banking sector of South Sudan, the world’s newest country.
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
Advertisement
Source
International Reserves
US$ 628 million (Source: World Bank; Data updated: 2013)
Gross Domestic Product - GDP
US$ 14 billion (2014 estimate)
GDP (Purchasing Power Parity)
29 billion of International dollars (2014 estimate)
Real GDP growth
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
| 8.7% | 6.3% | 4.1% | 5.8% | 3.0% | 8.4% | 5.0% |
| 2012 | 2013 | 2014* | ||||
| 9.0% | 6.8% | 6.0% |
*Estimate
GDP per capita - current prices
US$ 791 (2014 estimate)
GDP per capita - PPP
$1,667 International Dollars (2014 estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2014* |
| 0.02% | 0.02% | 0.02% | 0.03% | 0.03% |
*Estimate
Advertisement
Source
GDP - composition by sector
- agriculture: 33.6%
- industry: 23.6%
- services: 42.8% (2013 estimate)
Source
Inflation
| 2010 | 2011 | 2012 | 2013 | 2014* |
| -0.6% | 2.8% | 3.8% | 2.0% | 2.0% |
*Estimate
Unemployment rate
| 2009 | 2010 | 2011 | 2012* |
| N/A | N/A | N/A | N/A |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2010 | 2011 | 2012 | 2013 | 2014* |
| 29.3% | 29.7% | 27.3% | 33.3% | 32.1% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2010 | 2011 | 2012 | 2013 | 2014* |
| -4.6% | -2.4% | -3.2% | -3.0% | -3.9% |
*Estimate
Government bond ratings
Standard & Poor's: B
Moody's rating: N/A
Moody's outlook: N/A
(Foreign Currency Government Bond Ratings; Data last updated Sept 22 2014)
Source
Market value of publicly traded shares
| 2009 | 2010 | 2011 |
| N/A | N/A | N/A |
Source
Current account balance
US$ -994 million (2014 estimate)
Current account balance by percentage of GDP
-7.309% of GDP (2014 estimate)
Exports as percent of GDP(Exports of goods and services)
27.5% (2012)
(Data released on Oct 2014)
Shares in world total merchandising export
0.01% (2012)
(Data were released in March 2014)
Shares in world total commercial services export
0.01% (2012)
(Data were released in 2014)
Advertisement
Source
Exports - major partners
China 25.9%, Turkey 24.8%, Belgium 5.2% (2012)
Source
Imports - major partners
Cote dIvoire 17.6%, France 15.2%, Ghana 4.8%, Togo 4.4% (2012)
Source
FDI inflows
| 2011 | 2012 | 2013 | |
| US$144 million | US$329 million | US$ 374 million |
FDI outflows
| 2011 | 2012 | 2013 | |
| US$102 million | US$73 million | US$83 million |
Value of cross-border M&A;, by country of purchaser
| 2010 | 2011 | 2012 | 2013 |
| N/A | N/A | N/A | N/A |
Cross-border M&A; deals worth over $3 billion completed in 2012(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 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)
N/A
(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 154 out of 189 countries (2013)
Subcategories:
Starting a business: 125 out of 189 countries
Enforcing Contracts: 108 out of 189 countries
Registering Property: 123 out of 189 countries
Getting credit: 130 out of 189 countries
Protecting investors: 147 out of 189 countries
Trading across border: 174 out of 189 countries
Paying Taxes: 160 out of 189 countries
Dealing with Construction Permits: 60 out of 189 countries
Getting Electricity: 141 out of 189 countries
Resolving Insolvency: 117 out of 189 countries
(2013)
Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)
135
(2014-2015)
Source
Index of Economic FreedomWSJ and Heritage Foundation
Ranking: 98 Score: 58.9 (Mostly Unfree) (2014)
(100=totally free 0=totally repressed )
Source
Languages
French (official), native African languages belonging to Sudanic family spoken by 90% of the population
Source
Religions
Muslim 60.5%, Catholic 19%, animist 15.3%, Protestant 4.2%, other 0.6%, none 0.4% (2006 est.)
Source
Total population
| 1990 | 2000 | 2010 | 2014* | 2019** |
| 8.765 million | 11.6 million | 15.5 million | 17.2 million | 19.3 million |
*Estimate **Forecast
Advertisement
Source
Urban population as % of total population
| 1960 | 1980 | 2000 | 2013 |
| 4.7% | 9% | 18% | 28% |
% of population living on less than $2 a day
72.4% (2009)
Inequality of wealth distribution (Gini index)
39.8 (2009)
(0=perfect equality, 100=absolute inequality)
Freedom House rating
Political Rights: 5
Civil Liberties: 3 (2014)
(1 represents the most free, 7 the least free)
Source
Total telephone subscribers as % of population
Fixed 0.8% Mobile 66.4% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population
4.40% (2013)
Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)
Ouagadougou 105th (2014)
CO2 emissions(Metric tons of CO2 per capita)
0.1 (2010)