Burkina Faso's New President Has An Edge
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.
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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Gross Domestic Product - GDP
USD 14.2 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 38.8 billion (2018, estimate)
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
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.02% | 0.02% | 0.02% | 0.03% | 0.03% |
*Estimate
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GDP - composition by sector
- agriculture: 28.6%
- industry: 19.7%
- services: 43.2%
(2018 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 0.9% | -0.2% | 0.4% | 2% | 1.1% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018 | 2019 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
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
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
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
Current account balance by percentage of GDP
-5.8 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
28.7% (2018)
Shares in world total merchandising export
0.02% (2018)
Shares in world total commercial services export
0.009% (2018)
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Import commodities
Capital goods, foodstuffs, petroleum
Exports - major partners
Switzerland 44.9%, India 15.6%, South Africa 11.3%, Cote dIvoire 4.9% (2017)
Imports - major partners
China 13.2%, Cote dIvoire 9.5%, US 8.2%, Thailand 8.1%, France 6.5%, Ghana 4.4%, Togo 4.4%, India 4.3% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 390 million | USD 2.6 million | USD 480 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 50 million | USD 10 million | USD 69 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | USD 1.6 million | 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:
151 out of 190 countries
Subcategories:
Starting a Business: 88 out of 190 countries
Dealing with Construction Permits: 95 out of 190 countries
Getting Electricity: 183 out of 190 countries
Registering Property: 141 out of 190 countries
Getting Credit: 152 out of 190 countries
Protecting Minority Investors: 120 out of 190 countries
Paying Taxes: 154 out of 190 countries
Trading across Borders: 122 out of 190 countries
Enforcing Contracts: 165 out of 190 countries
Resolving Insolvency: 109 out of 190 countries
Source
Global competitiveness ranking
130 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 96 / Score: 59.4 (Mostly unfree)
(100=totally free 0=totally repressed)
Source
Source
Languages
French (official), native African languages belonging to Sudanic family spoken by 90% of the population
Religions
Muslim 61.5%, Roman Catholic 23.3%, traditional/animist 7.8%, Protestant 6.5%, other/no answer 0.2%, none 0.7% (2010 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 8.81 million | 11.61 million | 15.61 million | 18.11 million | 20.92 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 4.7% | 8.8% | 17.8% | 29.4% |
Literacy
Total population: 36%
Male: 43%
Female: 29.3%
Definition: age 15 and over can read and write (2015 est.)
% of population living on less than $3.10 a day
76.4% (last available estimate, 2014)
Inequality of wealth distribution (Gini index)
35.3 (last available estimate, 2014)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Partly Free
Political Rights: 4
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 0.4%
Mobile: 97.9%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)