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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

 
 
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Central bank

Central Bank of West African States (BCEAO)

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International Reserves

US$ 628 million (Source: World Bank; Data updated: 2013)

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Gross Domestic Product - GDP

US$ 14 billion (2014 estimate)

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GDP (Purchasing Power Parity)

29 billion of International dollars (2014 estimate)

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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

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GDP per capita - current prices

US$ 791 (2014 estimate)

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GDP per capita - PPP

$1,667 International Dollars (2014 estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.02% 0.02% 0.02% 0.03% 0.03%

*Estimate

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GDP - composition by sector
  • agriculture: 33.6% 
  • industry: 23.6% 
  • services: 42.8% (2013 estimate)
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Gross domestic expenditure on R&D; (% of GDP)

N/A

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Inflation
2010 2011 2012 2013 2014*
-0.6% 2.8% 3.8% 2.0% 2.0%

*Estimate

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Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

 

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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

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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   

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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)

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Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
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Largest companies in Burkina Faso

N/A

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Current account balance

US$ -994 million (2014 estimate)

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Current account balance by percentage of GDP

-7.309% of GDP (2014 estimate)

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Exports as percent of GDP(Exports of goods and services)

27.5% (2012)

(Data released on Oct 2014)

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Shares in world total merchandising export

0.01% (2012)

(Data were released in March 2014)

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Shares in world total commercial services export

0.01% (2012)

(Data were released in 2014)

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Total exports

US$2.844 billion (2013 estimate) 

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Export commodities

gold, cotton, livestock

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Total imports

US$2.941 billion (2013 estimate) 

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Import commodities

capital goods, foodstuffs, petroleum

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Exports - major partners

China 25.9%, Turkey 24.8%, Belgium 5.2% (2012)

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Imports - major partners

Cote dIvoire 17.6%, France 15.2%, Ghana 4.8%, Togo 4.4% (2012)

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FDI inflows
2011 2012 2013
US$144 million US$329 million US$ 374 million
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FDI outflows
2011 2012 2013  
US$102 million US$73 million US$83 million  
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Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
N/A N/A N/A N/A
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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 )

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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 )

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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)

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Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

135

(2014-2015)

 

 

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Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 98 Score: 58.9 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

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Time zone

UTC 0

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Total area

274,200 sq km

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Capital

Ouagadougou

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Currency

Communaute Financiere Africaine francs (XOF)

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Government type

parliamentary republic

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Languages

French (official), native African languages belonging to Sudanic family spoken by 90% of the population

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Religions

Muslim 60.5%, Catholic 19%, animist 15.3%, Protestant 4.2%, other 0.6%, none 0.4% (2006 est.)

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Total population
1990 2000 2010 2014* 2019**
8.765 million 11.6 million 15.5 million 17.2 million 19.3 million

*Estimate    **Forecast

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Urban population as % of total population
1960 1980 2000 2013
4.7% 9% 18% 28%
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Population median age

17 years (2014 est.)

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Population growth rate

3.05% (2014 est.)

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Life expectancy

54.78 years  (2014 est.)

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Adult literacy

 28.7% (2007 estimate)

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% of population living on less than $2 a day

72.4% (2009)

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Inequality of wealth distribution (Gini index)

39.8 (2009)

(0=perfect equality, 100=absolute inequality)

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Freedom House rating

Political Rights: 5
Civil Liberties: 3 (2014)

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

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Total telephone subscribers as % of population

Fixed  0.8%   Mobile 66.4% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

4.40% (2013)

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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)

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CO2 emissions(Metric tons of CO2 per capita)

0.1 (2010)

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World's Best Developed & Emerging Markets Banks

2013
2012

World's Best Subcustodian Banks

2013

World's Best Banks By Region

2014
2013
2012

World's Best Banks

2014
2013
2013

Additional Awards

2014
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