Burkina Faso: Economy

Economic Trivia

About 90% of the population is engaged in subsistence agriculture.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners: Switzerland, Cote d'Ivoire, and France
Top 3 Exported Goods: Precious Stones & Metals, Cotton, and Oil & Mineral Fuels

Top Industries Source: CIA World Factbook

Cotton Lint; Beverages; Agricultural Processing; Soap

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $29,331,570,702 (2014)
GDP Growth Rate (annual %) 4.05% (2014)
GDP Per Capita, PPP (current international) $1,668 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 125/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.244% (2014)
External debt stocks, total (DOD, current US$) $2,564,129,000 (2013)
Total tax rate (% of commercial profits) 41.3% (2014)
Real Interest Rate (5 year average %) 16.486% (1992)
Manufacturing, value added (% of GDP) 7.495% (2014)
Current Account Balance (BoP, current US$) ($181,447,950) (2010)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 7,695,446 (2013)
Employment in Agriculture (% of total employment) 84.8% (2005)
Employment in Industry (% of total employment) 3.1% (2005)
Employment in Services (% of total employment) 12.2% (2005)
Unemployment Rate 3.1% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $4,476,515,691 (2014)
Exports of goods and services (current US$) $3,550,999,136 (2014)
Total Merchandise Trade (% of GDP) 49.157% (2014)
FDI, net inflows (BoP, current US$) $374,319,286 (2013)
Commercial Service Exports (current US$) $264,781,111 (2010)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Burkina Faso’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary