
Small Is Beautiful
Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
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.
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.
USD 14.2 billion (2018, estimate)
Intl$ 38.8 billion (2018, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
4.4% | 5.8% | 3% | 8.4% | 6.6% | 6.5% | 5.8% |
2014 | 2015 | 2016 | 2017* | 2018* | ||
4.3% | 3.9% | 5.9% | 6.3% | 6% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2019* |
0.02% | 0.02% | 0.02% | 0.03% | 0.03% |
*Estimate
(2018 estimate)
2015 | 2016 | 2017 | 2018* | 2019* |
0.9% | -0.2% | 0.4% | 2% | 1.1% |
*Estimate
2015 | 2016 | 2017 | 2018 | 2019 |
N/A | N/A | N/A | N/A | N/A |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
35.6% | 39.2% | 38.4% | 42.9% | 42.9% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
-2.4% | -3.6% | -7.9% | -5% | -3% |
*Estimate
Standard & Poor's: B
Moody's: N/A
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
N/A | N/A | N/A |
-5.0% (2017 estimate)
25.2% (2015)
0.01% (2015)
0.008% (2014)
Capital goods, foodstuffs, petroleum
Switzerland 53.3%, India 14.5% (2015)
Cote dIvoire 23.1%, France 11.1%, Togo 7.5%, China 4.8%, Ghana 4.6% (2015)
2013 | 2014 | 2015 |
USD 490 million | USD 357 million | USD 167 million |
2013 | 2014 | 2015 |
USD 58 million | USD 69 million | USD 28 million |
2012 | 2013 | 2014 | 2015 |
N/A | N/A | N/A | N/A |
N/A
N/A
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
N/A
(2016-2017)
Ranking: 104 / Score: 59.09 (Mostly unfree) (2017)
(100=totally free 0=totally repressed)
French (official), native African languages belonging to Sudanic family spoken by 90% of the population
Muslim 61.6%, Catholic 23.2%, traditional/animist 7.3%, Protestant 6.7%, other/no answer 0.2%, none 0.9% (2010 est.)
1990 | 2000 | 2010 | 2016* | 2021* |
8.81 million | 11.6 million | 15.5 million | 18.42 million | 21.099 million |
*Estimate
1960 | 1980 | 2000 | 2015 |
5% | 9% | 18% | 30% |
Total population: 36%
Male: 43%
Female: 29.3% (2015 est.)
(age 15 and over can read and write)
30.8% (2014)
35.3 (2014)
(0=perfect equality, 100=absolute inequality)
Political Rights: 4
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 0.42% Mobile 80.64% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)