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World Factbook

Burkina Faso

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$5.174 billion (2023 est.)

expenditures

$6.308 billion (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$6.234 billion (2021 est.)

Exports 2022

$5.814 billion (2022 est.)

Exports 2023

$5.912 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$5.835 billion (2021 est.)

Imports 2022

$6.761 billion (2022 est.)

Imports 2023

$6.834 billion (2023 est.)

Industries

cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, gold

Labor force

6.461 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: central government debt as a % of GDP

Public debt 2023

61.3% of GDP (2023 est.)

Remittances

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note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

2.9% of GDP (2021 est.)

Remittances 2022

2.8% of GDP (2022 est.)

Remittances 2023

2.9% of GDP (2023 est.)

Exchange rates

Currency

Communaute Financiere Africaine francs (XOF) per US dollar -

Exchange rates 2020

575.586 (2020 est.)

Exchange rates 2021

554.531 (2021 est.)

Exchange rates 2022

623.76 (2022 est.)

Exchange rates 2023

606.57 (2023 est.)

Exchange rates 2024

606.345 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$3.565 billion (2023 est.)

Economic overview

highly agrarian, low-income economy; limited natural resources; widespread poverty; terrorism disrupting potential economic activity; improving trade balance via increases in gold exports; economy inflating after prior deflation; growing public debt but still manageable

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

5.4% (2022 est.)

Unemployment rate 2023

5.4% (2023 est.)

Unemployment rate 2024

5.2% (2024 est.)

Exports - partners

Switzerland 72%, UAE 10%, India 3%, Mali 3%, Cote d'Ivoire 2% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Cote d'Ivoire 14%, China 13%, Ghana 9%, Russia 9%, France 7% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$2,500 (2022 est.)

Real GDP per capita 2023

$2,500 (2023 est.)

Real GDP per capita 2024

$2,500 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

1.5% (2022 est.)

Real GDP growth rate 2023

3% (2023 est.)

Real GDP growth rate 2024

5% (2024 est.)

Agricultural products

maize, sorghum, fruits, vegetables, millet, cowpeas, cotton, groundnuts, sugarcane, rice (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

gold, cotton, oil seeds, coconuts/brazil nuts/cashews, cement (2023)

note: top five export commodities based on value in dollars

Imports - commodities

refined petroleum, plastic products, cement, electricity, packaged medicine (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

$77.255 million (2021 est.)

Current account balance 2022

-$1.404 billion (2022 est.)

Current account balance 2023

-$1.017 billion (2023 est.)

Taxes and other revenues

18.4% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$23.25 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

60.6% (2024 est.)

government consumption

18.8% (2024 est.)

investment in inventories

10.6% (2024 est.)

investment in fixed capital

16.5% (2024 est.)

exports of goods and services

28.5% (2024 est.)

imports of goods and services

-34.9% (2024 est.)

Population below poverty line

43.2% (2021 est.)

note: % of population with income below national poverty line

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

14.3% (2022 est.)

Inflation rate (consumer prices) 2023

0.7% (2023 est.)

Inflation rate (consumer prices) 2024

4.2% (2024 est.)

Industrial production growth rate

-5.4% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$55.508 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$57.152 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$60.001 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

7.8% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

8.1% (2024 est.)

female

8.5% (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

29.7% (2024 est.)

services

40.2% (2024 est.)

agriculture

18.6% (2024 est.)

Household income or consumption by percentage share

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note: % share of income accruing to lowest and highest 10% of population

lowest 10%

3% (2021 est.)

highest 10%

30.2% (2021 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2021

37.4 (2021 est.)