Burkina Faso's New President Has An Edge
Burkina Faso
There’s been big change in the small country of Burkina Faso. On November 29, the West African nation of 17 million held its first free elections in almost three decades.
Burkina Faso GDP and Economic Data
Country Report 2017 - Includes Burkina Faso real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Burkina Faso economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Burkina Faso best banks and safest banks are also available.
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International Reserves
USD 0.07 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 13.1 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 35.7 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 6.3% | 4.1% | 5.8% | 3% | 8.5% | 6.6% | 6.5% |
| 2013 | 2014 | 2015* | 2016* | 2017* | ||
| 6.6% | 4% | 4% | 5.2% | 5.9% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.02% | 0.02% | 0.02% | 0.03% | 0.03% |
*Estimate
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GDP - composition by sector
- agriculture: 32.5%
- industry: 21.8%
- services: 45.7%
(2016 estimate)
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 0.5% | -0.3% | 0.9% | 1.6% | 2.0% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016 | 2017 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 28.7% | 30.2% | 32.8% | 36.3% | 36.3% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| -3.9% | -1.9% | -2.3% | -3.1% | -3% |
*Estimate
Government bond ratings
Standard & Poor's: B-
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-5.0% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
25.2% (2015)
Shares in world total merchandising export
0.01% (2015)
Shares in world total commercial services export
0.008% (2014)
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Import commodities
Capital goods, foodstuffs, petroleum
Exports - major partners
Switzerland 53.3%, India 14.5% (2015)
Imports - major partners
Cote dIvoire 23.1%, France 11.1%, Togo 7.5%, China 4.8%, Ghana 4.6% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 490 million | USD 357 million | USD 167 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 58 million | USD 69 million | USD 28 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 146 out of 190 countries (2016)
Subcategories:
Starting a business: 72 out of 190 countries
Enforcing Contracts: 161 out of 190 countries
Registering Property: 136 out of 190 countries
Getting credit: 139 out of 190 countries
Protecting investors: 145 out of 190 countries
Trading across border: 104 out of 190 countries
Paying Taxes: 150 out of 190 countries
Dealing with Construction Permits: 61 out of 190 countries
Getting Electricity: 181 out of 190 countries
Resolving Insolvency: 112 out of 190 countries
Source
Global competitiveness ranking
N/A
(2016-2017)
Index of Economic Freedom
Ranking: 104 / Score: 59.09 (Mostly unfree) (2017)
(100=totally free 0=totally repressed)
Source
Source
Languages
French (official), native African languages belonging to Sudanic family spoken by 90% of the population
Religions
Muslim 61.6%, Catholic 23.2%, traditional/animist 7.3%, Protestant 6.7%, other/no answer 0.2%, none 0.9% (2010 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 8.81 million | 11.6 million | 15.5 million | 18.42 million | 21.099 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 5% | 9% | 18% | 30% |
Literacy
Total population: 36%
Male: 43%
Female: 29.3% (2015 est.)
(age 15 and over can read and write)
% of population living on less than $3.10 a day
30.8% (2014)
Inequality of wealth distribution (Gini index)
35.3 (2014)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 4
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 0.42% Mobile 80.64% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)