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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.

 
 
Source
Central bank

Central Bank of West African States (BCEAO)

Source
International Reserves

N/A

Source
Gross Domestic Product - GDP

USD 14.2 billion (2018, estimate)

Source
GDP (Purchasing Power Parity)

Intl$ 38.8 billion (2018, estimate)

Source
Real GDP growth
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

Source
GDP per capita - current prices

USD 728.7 (2018, estimate)

Source
GDP per capita - PPP

Intl$ 1,996.1 (2018, estimate)

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.02% 0.02% 0.02% 0.03% 0.03%

*Estimate

Source
 
 
Source
GDP - composition by sector
  • agriculture: 28.6% 
  • industry: 19.7% 
  • services: 43.2%

(2018 estimate)

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

N/A

Source
Inflation
2015 2016 2017 2018* 2019*
0.9% -0.2% 0.4% 2% 1.1%

*Estimate

Source
Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

 

Source
Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
35.6% 39.2% 38.4% 42.9% 42.9%

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-2.4% -3.6% -7.9% -5% -3%

*Estimate

Source
Government bond ratings

Standard & Poor's: B

Moody's: N/A

Standard & Poor's / Moody's 

Source
Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Source
Largest companies

N/A

Source
 
 
Source
Current account balance

USD -0.7 billion (2017 estimate)

Source
Current account balance by percentage of GDP

-5.0% (2017 estimate)

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

25.2% (2015)

Source
Shares in world total merchandising export

0.01% (2015)

Source
Shares in world total commercial services export

0.008% (2014)

Source
Total exports

USD 2.8 billion (2016 estimate)

Source
Export commodities

Gold, cotton, livestock

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Total imports

USD 2.9 billion (2016 estimate)

Source
 
 
Source
Import commodities

Capital goods, foodstuffs, petroleum

Source
Exports - major partners

Switzerland 53.3%, India 14.5% (2015)

Source
Imports - major partners

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

Source
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
Source
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

Source
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)

Source
Index of Economic Freedom

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

(100=totally free 0=totally repressed)

Source
 
 
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Time zone

UTC 0

Source
Total area

274,200 sq km

Source
Capital

Ouagadougou

Source
Currency

Communaute Financiere Africaine francs (XOF) 

Source
Government type

Presidential republic

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Languages

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

Source
Religions

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

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

*Estimate

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

17.2 years (2016 estimate)

Source
Population growth rate

3.01% (2016 estimate)

Source
Life expectancy

55.5 years (2016 estimate)

Source
Literacy

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

(age 15 and over can read and write)

Source
% of population living on less than $3.10 a day

30.8% (2014)

Source
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)

Source
Internet users as % of total population

11.39% (2015)

Source
Mercer Cost of living index

Ouagadougou: 146th (2016)

Source
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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