Source
Central bank

Central Bank of West African States (BCEAO)

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 per capita - current prices

USD 691.4 (2017, estimate)

GDP per capita - PPP

Intl$ 1,884.4 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.02% 0.02% 0.02% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 32.5% 
  • industry: 21.8% 
  • services: 45.7%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

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

Household saving rates

N/A

 

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)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.7 billion (2017 estimate)

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)

Total exports

USD 2.8 billion (2016 estimate)

Export commodities

Gold, cotton, livestock

Total imports

USD 2.9 billion (2016 estimate)

 
 
Source
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

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
Time zone

UTC 0

Total area

274,200 sq km

Capital

Ouagadougou

Currency

Communaute Financiere Africaine francs (XOF)

Government type

parliamentary republic

Languages

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

Religions

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

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

*Estimate    **Forecast

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

17 years (2014 est.)

Population growth rate

3.05% (2014 est.)

Life expectancy

54.78 years  (2014 est.)

Adult literacy

 28.7% (2007 estimate)

% 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)

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)

World's Best Developed & Emerging Markets Banks

World's Best Subcustodian Banks

World's Best Banks By Region

World's Best Banks

2013

Additional Awards