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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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Central bank

Central Bank of West African States (BCEAO)

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International Reserves

USD 0.07 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 13.1 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 35.7 billion (2017, estimate)

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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

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GDP per capita - current prices

USD 691.4 (2017, estimate)

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GDP per capita - PPP

Intl$ 1,884.4 (2017, estimate)

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

*Estimate

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

(2016 estimate)

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

N/A

Source
Inflation
2013 2014 2015 2016* 2017*
0.5% -0.3% 0.9% 1.6% 2.0%

*Estimate

Source
Unemployment rate
2013 2014 2015 2016 2017
N/A 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)
2013 2014 2015* 2016* 2017*
28.7% 30.2% 32.8% 36.3% 36.3%

*Estimate

Source
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

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Government bond ratings

Standard & Poor's: B-

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

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

N/A

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Current account balance

USD -0.7 billion (2017 estimate)

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Current account balance by percentage of GDP

-5.0% (2017 estimate)

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

25.2% (2015)

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Shares in world total merchandising export

0.01% (2015)

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Shares in world total commercial services export

0.008% (2014)

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Total exports

USD 2.8 billion (2016 estimate)

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Export commodities

Gold, cotton, livestock

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Total imports

USD 2.9 billion (2016 estimate)

Source
 
 
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Import commodities

Capital goods, foodstuffs, petroleum

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Exports - major partners

Switzerland 53.3%, India 14.5% (2015)

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Imports - major partners

Cote dIvoire 23.1%, France 11.1%, Togo 7.5%, China 4.8%, Ghana 4.6% (2015)

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FDI inflows
2013 2014 2015
USD 490 million USD 357 million USD 167 million
Source
FDI outflows
2013 2014 2015
USD 58 million USD 69 million USD 28 million
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Source
Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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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

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Global competitiveness ranking

N/A

(2016-2017)

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Index of Economic Freedom

Ranking: 104 / Score: 59.09 (Mostly unfree) (2017)

(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

Presidential 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 61.6%, Catholic 23.2%, traditional/animist 7.3%, Protestant 6.7%, other/no answer 0.2%, none 0.9% (2010 est.)

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Total population
1990 2000 2010 2016* 2021*
8.81 million 11.6 million 15.5 million 18.42 million 21.099 million

*Estimate

Source
 
 
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Urban population as % of total population
1960 1980 2000 2015
5% 9% 18% 30%
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Population median age

17.2 years (2016 estimate)

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Population growth rate

3.01% (2016 estimate)

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Life expectancy

55.5 years (2016 estimate)

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Literacy

Total population: 36%
Male: 43%
Female: 29.3% (2015 est.)

(age 15 and over can read and write)

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% of population living on less than $3.10 a day

30.8% (2014)

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Inequality of wealth distribution (Gini index)

35.3 (2014)

(0=perfect equality, 100=absolute inequality)

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Freedom House rating

Political Rights: 4
Civil Liberties: 3 (2017)

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

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Total telephone subscribers as % of population

Fixed 0.42%   Mobile 80.64% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

11.39% (2015)

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Mercer Cost of living index

Ouagadougou: 146th (2016)

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CO2 emissions

0.2 (2013)

Source

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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