Economy - overview:
Burkina Faso is a poor, landlocked country that depends on adequate rainfall. About 90% of the population is engaged in subsistence agriculture and cotton is the main cash crop. The country has few natural resources and a weak industrial base. Cotton and gold are key exports. Since 1998, Burkina Faso has begun to privatize state-owned enterprises and in 2004 revised its investment code to attract foreign investment. As a result, the country has seen an upswing in gold exploration, production, and export. The Burkinabe economy experienced high levels of growth over the last few years but growth is highly dependent on swings in gold and cotton prices. In 2013 Burkina Faso experienced a number of public protests over the cost of living, corruption, and other socioeconomic issues. To defuse tensions the government has offered higher housing bonuses, reduced income taxes, and price controls. Turmoil in neighboring Mali, unreliable energy supplies, and poor transportation links pose longer-term challenges.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Distribution of family income - Gini index: Budget:
Taxes and other revenues: Budget surplus (+) or deficit (-): Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Burkina Faso on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Burkina Faso Economy 2015 information contained here. All suggestions for corrections of any errors about Burkina Faso Economy 2015 should be addressed to the CIA.
$26.51 billion (2013 est.)
country comparison to the world: 123
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$12.13 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
6.5% (2013 est.)
country comparison to the world: 29
[see also: GDP - real growth rate country ranks ]
$1,500 (2013 est.)
country comparison to the world: 203
note:
data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
12.2% of GDP (2013 est.)
country comparison to the world: 126
[see also: Gross national saving country ranks ]
household consumption:
55.2%
government consumption:
16.9%
investment in fixed capital:
18.3%
investment in inventories:
0.2%
exports of goods and services:
34.4%
imports of goods and services:
-25%
agriculture:
33.6%
industry:
23.6%
services:
42.8% (2013 est.)
cotton, peanuts, shea nuts, sesame, sorghum, millet, corn, rice; livestock
cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, gold
6.5% (2013 est.)
country comparison to the world: 41
[see also: Industrial production growth rate country ranks ]
6.668 million
country comparison to the world: 65
note:
a large part of the male labor force migrates annually to neighboring countries for seasonal employment (2007)
[see also: Labor force country ranks ]
agriculture:
90%
industry and services:
10% (2000 est.)
77% (2004)
country comparison to the world: 200
[see also: Unemployment rate country ranks ]
46.7% (2009 est.)
[see also: Population below poverty line country ranks ]
lowest 10%:
2.9%
highest 10%:
32.2% (2009 est.)
39.5 (2007)
country comparison to the world: 61
[see also: Distribution of family income - Gini index country ranks ]
revenues:
$2.838 billion
expenditures:
$3.228 billion (2013 est.)
23.4% of GDP (2013 est.)
country comparison to the world: 142
[see also: Taxes and other revenues country ranks ]
-3.2% of GDP (2013 est.)
country comparison to the world: 129
[see also: Budget surplus (+) or deficit (-) country ranks ]
calendar year
2.1% (2013 est.)
country comparison to the world: 73
[see also: Inflation rate (consumer prices) country ranks ]
4.25% (31 December 2010 est.)
country comparison to the world: 83
[see also: Central bank discount rate country ranks ]
NA%
[see also: Commercial bank prime lending rate country ranks ]
$2.22 billion (31 December 2013 est.)
country comparison to the world: 123
[see also: Stock of narrow money country ranks ]
$4.211 billion (31 December 2013 est.)
country comparison to the world: 134
[see also: Stock of broad money country ranks ]
$2.711 billion (31 December 2013 est.)
country comparison to the world: 128
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
-$364.9 million (2013 est.)
country comparison to the world: 96
[see also: Current account balance country ranks ]
$2.844 billion (2013 est.)
country comparison to the world: 129
[see also: Exports country ranks ]
gold, cotton, livestock
China 25.9%, Turkey 24.8%, Belgium 5.2% (2012)
$2.941 billion (2013 est.)
country comparison to the world: 149
[see also: Imports country ranks ]
capital goods, foodstuffs, petroleum
Cote dIvoire 17.6%, France 15.2%, Ghana 4.8%, Togo 4.4% (2012)
$1.115 billion (31 December 2013 est.)
country comparison to the world: 132
[see also: Reserves of foreign exchange and gold country ranks ]
$2.863 billion (31 December 2013 est.)
country comparison to the world: 139
[see also: Debt - external country ranks ]
Communaute Financiere Africaine francs (XOF) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 10-Feb-15