logo

ECON FACTBOOK

Home    About

Economy of Burkina Faso

Population: 16.9 million in 20131

GDP: $11.6 billion in 20132

GDP per capita: $684 nominal3 ($1,634 PPP4) in 2013

GDP growth rate: 6.5% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing3,10734.9%
Other activities1,96022.0%
Mining and utilities1,27614.3%
Wholesale, retail trade, restaurants and hotels1,15613.0%
Manufacturing6957.8%
Construction3714.2%
Transport, storage and communication3383.8%
Total value added8,902100%

Employment

Unemployment rate: 3.1% in 20137

Employment by Industry 20008

Employment sectorPercent of total
Agriculture90%
Industry and services10%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $11 billion (95% of GDP) in 201410

Household Wealth per Adult: $1,423in 201410

Gini Coefficient: .398 in 201311

Government

Central Government

Central Government Revenue: $2.8 billion (24% of GDP) in 201312

Central Government Expenditure: $3.2 billion (28% of GDP) in 201312

Central Government Budget Balance: -$0.4 billion (-4% of GDP) in 201312

Central Government Public Debt: $2.8 billion (24% of GDP) in 2012* 13

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 575 XOF = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: N/A

Monetary Policy

Money Supply (M0, West Africa Currency Union): N/A

Benchmark Interest Rate (West Africa Currency Union): 2.50% 14

Total Reserves: $628 million (5% of GDP) in 201315

Exchange Rate: 575 West African CFA Francs = 1 U.S. Dollar on Feb 17, 201516

Inflation: 0.5% in 201317

Financial Institutions

Top 10 Financial Institutions by Assets 201318

N/A (data not available at Relbanks.com)

International Accounts

Exports: $2.8 billion (24% of GDP) in 201319

Imports: $2.9 billion (25% of GDP) in 201319

Trade Balance: -$0.1 billion (-1% of GDP) in 201319

Foreign Direct Investment Inflow: $374 million (3% of GDP) in 201320

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $1.2 billion (10% of GDP) in 201221

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Burkina Faso Ministere de l'Economie et des Finances, Documents, Report on Public Finances (Public debt) Go back
14. Source: Reuters (Benchmark interest rate) Go back
15. Source: World Bank Indicators (Total reserves) Go back
16. Source: xe.com (Exchange rate) Go back
17. Source: World Bank Indicators (Inflation rate) Go back
18. Source: Relbanks.com (Financial institutions by assets) Go back
19. Source: CIA World Factbook (Trade data) Go back
20. Source: World Bank Indicators (FDI data) Go back
21. Source: World Bank Indicators (Aid data) Go back