Source
Central bank

Central Bank of West African States (BCEAO)

International Reserves

N/A

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 per capita - current prices

USD 728.7 (2018, estimate)

GDP per capita - PPP

Intl$ 1,996.1 (2018, estimate)

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

*Estimate

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

(2018 estimate)

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

N/A

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

Household saving rates

N/A

 

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 

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

N/A

 
 
Source
Current account balance

USD -0.8 billion (2018 estimate)

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)

Total exports

USD 4.2 billion (2018 estimate)

Export commodities

Gold, cotton, livestock

Total imports

USD 5.2 billion (2018 estimate)

 
 
Source
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

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
Time zone

UTC 0

Total area

274,200 sq km

Capital

Ouagadougou

Currency

Communaute Financiere Africaine francs (XOF) 

Government type

Presidential republic

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

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
4.7% 8.8% 17.8% 29.4%
Population median age

17.4 years 

Population growth rate

2.76% (2018 estimate)

Life expectancy

60.77 years (2017 estimate)

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)

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)

Internet users as % of total population

16 % (2017)

Mercer Cost of living index

Ouagadougou: 145th (2019)

CO2 emissions

0.16 metric tons per capita (2014)

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