The economic outlook is favorable, with growth projected at 4.1% in 2024 and 4.3% in 2025, underpinned by rising extractive and agricultural production. But these sectors remain dependent on the domestic security and sociopolitical climates and on the dynamics with the economic Community of West African States (eCOWAS).

Oct 18, 2024 · Its economy relies on agriculture and mining, particularly gold production. More than 40% of its population lives below the national poverty line. The 2023-2024 Human Development Index (HDI) report by the United Nations Development Programme (UNDP) ranks Burkina Faso 185th out of 193 countries.

Jun 12, 2023 · According to the latest Burkina Faso Economic Update, economic growth slowed to 2.5% in 2022, with the country posting the highest inflation rate in the West African Economic and Monetary Union (WAEMU), thereby exacerbating food insecurity

The economy of Burkina Faso is based primarily on subsistence farming and livestock raising. [17] Burkina Faso has an average income purchasing-power-parity per capita of $1,900 and nominal per capita of $790 in 2014.

Explore Burkina Faso Economic development data for Human Capital by income group (low, lower-middle, upper-middle and high income countries) or region (Europe & Central Asia, Latin America, North America, Middle East and North Africa, Sub Saharan Africa, East Asia & Pacific) for health, education, and labour, employment, & job policies.

Data ranges from -3.9 to 11.01. Data Source: World Development Indicators | Download Dataset. For Regional and Income Group breakdowns, visit: World Bank Country and Lending Groups. Explore Burkina Faso economic data on Prosperity Data360.

Burkina Faso’s economy rebounded in 2022 and grew at an estimated 2.7%, slowed partly by insecurity and an unusually weak year of gold exports. The economy is forecasted to grow at 4.9% in 2023. The fiscal deficit rose steadily from 5.5% in 2022 to 6.9% of GDP in 2023, partly as a result of a multitude of challenges, including security ...

Sep 1, 2023 · Between 2000 and 2022, Burkina Faso’s economic output has more than tripled in real terms, but this has not translated into significant reductions in the number in extreme poverty.

Overview In 2022, Burkina Faso was the number 119 economy in the world in terms of GDP (current US$), the number 110 in total exports, the number 144 in total imports, the number 174 economy in terms of GDP per capita (current US$) and the number 131 most complex economy according to the Economic Complexity Index (ECI) .

Burkina Faso Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.