Burkina Faso: Economy
Due to military coup, the information on these pages may not reflect current conditions in the country.
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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 |
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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. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): Switzerland, India, and China |
| Top Industries Source: CIA World Factbook | Cotton Lint; Beverages; Agricultural Processing; Soap |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $57,724,304,187 (2022) |
| GDP Growth Rate (annual %) | 1.479% (2022) |
| GDP Per Capita, PPP (current international) | $2,546 (2022) |
GDP Country Rank 113/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 14.29% (2022) |
| External debt stocks, total (DOD, current US$) | $10,296,765,810 (2021) |
| Total tax rate (% of commercial profits) | 41.3% (2019) |
| Real Interest Rate (5 year average %) | 7.125% (2021) |
| Manufacturing, value added (% of GDP) | 9.675% (2022) |
| Current Account Balance (BoP, current US$) | $77,255,404 (2021) |
Labor and Employment [1]
| Labor Force, Total | 8,364,639 (2022) |
| Employment in Agriculture (% of total employment) | 73.267% (2021) |
| Employment in Industry (% of total employment) | 7.071% (2021) |
| Employment in Services (% of total employment) | 19.661% (2021) |
| Unemployment Rate | 5.175% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $5,023,004,552 (2019) |
| Exports of goods and services (current US$) | $4,467,779,264 (2019) |
| Total Merchandise Trade (% of GDP) | 53.07% (2022) |
| FDI, net inflows (BoP, current US$) | $121,295,500 (2022) |
| Commercial Service Exports (current US$) | $485,743,583 (2021) |
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.