Burkina Faso: Economy
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
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 (2019): Switzerland, India, and Cote d'Ivoire |
Top Industries Source: CIA World Factbook | Cotton Lint; Beverages; Agricultural Processing; Soap |
Gross Domestic Product (GDP) [1]
GDP, PPP (current international) | $37,625,513,454 (2018) |
GDP Growth Rate (annual %) | 6.832% (2018) |
GDP Per Capita, PPP (current international) | $1,905 (2018) |
GDP Country Rank 123/196 (2018)
Economic Indicators [1]
Inflation, consumer prices (annual %) | -3.233% (2019) |
External debt stocks, total (DOD, current US$) | $3,285,715,190 (2018) |
Total tax rate (% of commercial profits) | 41.3% (2019) |
Real Interest Rate (5 year average %) | 0.394% (2017) |
Manufacturing, value added (% of GDP) | 4.859% (2018) |
Current Account Balance (BoP, current US$) | ($664,796,659) (2018) |
Labor and Employment [1]
Labor Force, Total | 7,468,061 (2019) |
Employment in Agriculture (% of total employment) | 25.225% (2019) |
Employment in Industry (% of total employment) | 33.702% (2019) |
Employment in Services (% of total employment) | 41.073% (2019) |
Unemployment Rate | 6.264% (2019) |
Trade [1]
Imports of goods and services (current US$) | $5,259,902,823 (2018) |
Exports of goods and services (current US$) | $4,349,247,966 (2018) |
Total Merchandise Trade (% of GDP) | 54.082% (2018) |
FDI, net inflows (BoP, current US$) | $268,414,908 (2018) |
Commercial Service Exports (current US$) | $507,036,215 (2018) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.