Burkina Faso: Economy
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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 (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) | $47,641,835,094 (2020) |
| GDP Growth Rate (annual %) | 2.022% (2020) |
| GDP Per Capita, PPP (current international) | $2,279 (2020) |
GDP Country Rank 113/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.884% (2020) |
| External debt stocks, total (DOD, current US$) | $3,662,434,236 (2019) |
| Total tax rate (% of commercial profits) | 41.3% (2019) |
| Real Interest Rate (5 year average %) | 3.672% (2017) |
| Manufacturing, value added (% of GDP) | 9.802% (2020) |
| Current Account Balance (BoP, current US$) | ($523,837,226) (2019) |
Labor and Employment [1]
| Labor Force, Total | 7,602,668 (2020) |
| Employment in Agriculture (% of total employment) | 24.652% (2020) |
| Employment in Industry (% of total employment) | 33.927% (2020) |
| Employment in Services (% of total employment) | 41.42% (2020) |
| Unemployment Rate | 4.96% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $5,014,108,855 (2019) |
| Exports of goods and services (current US$) | $4,056,716,093 (2019) |
| Total Merchandise Trade (% of GDP) | 48.229% (2020) |
| FDI, net inflows (BoP, current US$) | $162,970,140 (2019) |
| Commercial Service Exports (current US$) | $491,342,531 (2019) |
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.