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Burkina Faso

Headline economic indicators for Burkina Faso, with the most recent official readings.

Prices

Prices — Burkina Faso
Indicator Value Change
Inflation rate · -0.6% -4.78 (-114.0%)
Consumer price index · 136.5 -0.80 (-0.6%)
GDP deflator inflation · 8.8% -0.89 (-9.1%)

GDP

GDP — Burkina Faso
Indicator Value Change
GDP growth rate · 5.3% +0.46 (+9.5%)
GDP per capita · 1,147.57 +165.08 (+16.8%)
GDP per capita, long-run history · 1,705 -2.00 (-0.1%)
GDP · 27,627,297,461.32 +4,490,782,606 (+19.4%)
GDP, PPP · 73,948,093,046 +5,632,086,963 (+8.2%)
GDP per capita, PPP · 3,072 +170.58 (+5.9%)
GDP per capita growth · 3.0% +0.49 (+19.5%)
GNI per capita · 980 +130.00 (+15.3%)
Agriculture to GDP · 19.9% -0.98 (-4.7%)
Industry to GDP · 30.1% +3.55 (+13.4%)
Manufacturing to GDP · 6.6% -2.88 (-30.3%)
Services to GDP · 41.5% -2.44 (-5.6%)
Household consumption to GDP · 60.0% -2.17 (-3.5%)
Gross capital formation to GDP · 17.2% -4.57 (-21.0%)
Gross savings to GDP · 15.9% +2.16 (+15.7%)

Labour

Labour — Burkina Faso
Indicator Value Change
Unemployment rate · 3.5% +0.04 (+1.0%)
Labour force participation rate · 70.0% -0.06 (-0.1%)
Female labour force participation rate · 64.1% -0.04 (-0.1%)
Youth unemployment rate · 6.4% -0.09 (-1.3%)
Employment to population ratio · 67.6% -0.08 (-0.1%)
Employment in agriculture · 51.8% -0.46 (-0.9%)
Employment in industry · 16.7% +0.06 (+0.3%)
Employment in services · 31.6% +0.40 (+1.3%)

Money

Money — Burkina Faso
Indicator Value Change
Real interest rate · 6.1% +6.06 (+8,976.7%)
Broad money to GDP · 43.3% +1.02 (+2.4%)
Private sector credit to GDP · 22.7% -4.42 (-16.3%)
Lending rate · 6.3% -0.29 (-4.4%)
Bank deposit rate · 5.3% +0.21 (+4.0%)
Official exchange rate · 581.93 -24.42 (-4.0%)

Trade

Trade — Burkina Faso
Indicator Value Change
Current account to GDP · -4.0% +1.09 (+21.6%)
Exports to GDP · 35.0% +6.43 (+22.5%)
Imports to GDP · 30.0% -1.92 (-6.0%)
Trade to GDP · 65.0% +4.51 (+7.5%)
Exports of goods and services · 9,666,763,788.45 +3,057,941,685 (+46.3%)
Imports of goods and services · 8,291,794,759.23 +904,668,333 (+12.2%)
Trade balance, goods and services (annual) · -547,368,051.94 +374,949,531 (+40.7%)
Current account balance (annual) · -918,235,190.17 +98,954,579 (+9.7%)
Foreign direct investment to GDP · 1.1% +2.00 (+229.2%)
Remittances received to GDP · 2.6% -0.33 (-11.5%)
External debt to GNI · 48.8% -5.01 (-9.3%)

Government

Government — Burkina Faso
Indicator Value Change
Government debt to GDP · 64.2% +2.23 (+3.6%)
Government revenue to GDP · 21.2% -0.19 (-0.9%)
Government expense to GDP · 19.6% -3.20 (-14.0%)
Tax revenue to GDP · 18.7% +0.13 (+0.7%)
Government budget balance to GDP · -5.4% +1.42 (+20.8%)
Government consumption to GDP · 17.8% -1.60 (-8.3%)
Education spending to GDP · 5.3% +0.03 (+0.6%)
Health spending to GDP · 7.8% +0.39 (+5.2%)

Demography

Demography — Burkina Faso
Indicator Value Change
Population · 24,074,580 +525,799 (+2.2%)
Population, long-run history · 21,889 +553.25 (+2.6%)
Population growth · 2.2% -0.04 (-1.7%)
Life expectancy · 61.3 +0.20 (+0.3%)
Fertility rate · 4.11 -0.08 (-1.8%)
Birth rate · 31.3 -0.31 (-1.0%)
Death rate · 7.9 -0.05 (-0.6%)
Urban population share · 28.9% +0.59 (+2.1%)
Population aged 65 and over · 2.7% +0.03 (+1.2%)
Under-five mortality rate · 74.9 -2.50 (-3.2%)
Population density · 86.1 +1.91 (+2.3%)
Net migration · -27,130 -1,323 (-5.1%)
Gini index · 37.4 -5.60 (-13.0%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Burkina Faso; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.