. . ![]() ![]()
|
![]() ![]() Burkina Faso Economy 2000 Economy - overview: One of the poorest countries in the world, landlocked Burkina Faso has a high population density, few natural resources, and a fragile soil. About 90% of the population is engaged in (mainly subsistence) agriculture which is highly vulnerable to variations in rainfall. Industry remains dominated by unprofitable government-controlled corporations. Following the African franc currency devaluation in January 1994 the government updated its development program in conjunction with international agencies, and exports and economic growth have increased. Maintenance of its macroeconomic progress in 2000-2001 depends on continued low inflation, reduction in the trade deficit, and reforms designed to encourage private investment. GDP: purchasing power parity - $12.4 billion (1999 est.) GDP - real growth rate: 5.5% (1999 est.) GDP - per capita: purchasing power parity - $1,100 (1999 est.) GDP - composition by sector:
Population below poverty line: NA% Household income or consumption by percentage share:
Inflation rate (consumer prices): 2.5% (1999 est.) Labor force:
4.679 million (persons 10 years old and over, according to a sample survey taken in 1991)
Labor force - by occupation: agriculture NA%, industry NA%, services NA% Unemployment rate: NA% Budget:
Industries: cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, gold Industrial production growth rate: 4.2% (1995) Electricity - production: 225 million kWh (1998) Electricity - production by source:
Electricity - consumption: 209 million kWh (1998) Electricity - exports: 0 kWh (1998) Electricity - imports: 0 kWh (1998) Agriculture - products: peanuts, shea nuts, sesame, cotton, sorghum, millet, corn, rice; livestock Exports: $311 million (f.o.b., 1998 est.) Exports - commodities: cotton, animal products, gold Exports - partners: Cote d'Ivoire, Taiwan, France, Colombia, Italy, Mali Imports: $572 million (f.o.b., 1998 est.) Imports - commodities: machinery, food products, petroleum Imports - partners: Cote d'Ivoire, France, Senegal, Togo, Nigeria, US Debt - external: $1.3 billion (1997) Economic aid - recipient: $484.1 million (1995) Currency: 1 Communaute Financiere Africaine franc (CFAF) = 100 centimes Exchange rates:
Communaute Financiere Africaine francs (CFAF) per US$1 - 647.25 (January 2000), 615.70 (1999), 589.95 (1998), 583.67 (1997), 511.55 (1996), 499.15 (1995)
Fiscal year: calendar year |
![]() |