21, Nov 2009, CST. Welcome to the Burkina Faso economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Burkina Faso › Change country
National or Regional Currency: Central African Franc, XAF
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 15746232 note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the di
Area: total: 274,200 sq km land: 273,800 sq km water: 400 sq km
Natural Resources: manganese, limestone, marble; small deposits of gold, phosphates, pumice, salt
Government Type: Burkina Faso government type
Government Ministers: Burkina Faso ministers
Capital: Ouagadougou
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Amongst the poorest in Per-Capita GDP terms countries (on a Per-Capita GDP basis) internationally, landlocked Burkina Faso has few natural resources and a weak industrial base. Approximately 90 per cent of the general populace is engaged in subsistence farming, which is vulnerable to periodic drought. Cotton is the main cash crop and the state has joined with three other cotton producing countries in the region - Mali, Niger, and Chad - to lobby the World Trade Organisation (World Trade Organisation (WTO)) for fewer subsidy levels to producers in other competing countries. Since 1998, Burkina Faso has embarked upon a gradual but successful privatisation of government-controlled enterprises. Having revised its investment code in 2004, Burkina Faso hopes to attract foreign investors. Thanks to this new code and other legislation favoring the mining sector, the nationhas seen an upswing in gold exploration and production. While the bitter internal crisis in neighbouring Cote d'Ivoire is beginning to be resolved, it is still having a negative effect on Burkina Faso's trade (imports and exports) and employment. Burkina Faso received a Millennium Challenge Corporation (MCC) threshold grant to improve girls' education at the primary school level, and signed an MCC compact that focuses on the areas of infrastructure and facilities, Agriculture, fisheries and farming, and land reform in July, 2008.
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GDP (Constant Prices, National Currency) for Burkina Faso in year 2008 is XAF 2,912.93 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Burkina Faso in year 2008 is 5.003 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Burkina Faso in year 2008 is XAF 3,603.45 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Burkina Faso in year 2008 is US$ 8.103 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Burkina Faso in year 2008 is 123.705 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Burkina Faso in year 2008 is XAF 207,438.99 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Burkina Faso in year 2008 is XAF 256,613.39 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Burkina Faso in year 2008 is US$ 577.035 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Burkina Faso in year 2008 is not available

GDP (PPP), US Dollars for Burkina Faso in year 2008 is US$ 17.773 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Burkina Faso in year 2008 is US$ 1,265.69 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Burkina Faso in year 2008 is 0.026 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Burkina Faso in year 2008 is 202.745 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Burkina Faso in year 2008 is not available

Gross National Savings (% of GDP) for Burkina Faso in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Burkina Faso in year 2008 is 130.905 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Burkina Faso in year 2008 is 10.673 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Burkina Faso in year 2008 is 131.867 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Burkina Faso in year 2008 is 11.582 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Burkina Faso in year 2008 is not available

Unemployment Rate (% of Labour Force) for Burkina Faso in year 2008 is not available

Employment for Burkina Faso in year 2008 is not available

Population for Burkina Faso in year 2008 is 14.042 Million .

General Government Balance (National Currency) for Burkina Faso in year 2008 is not available

General Government Balance (% of GDP) for Burkina Faso in year 2008 is not available

General Government Structural Balance (National Currency) for Burkina Faso in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Burkina Faso in year 2008 is not available

General Government Net Debt (National Currency) for Burkina Faso in year 2008 is not available

General Government Net Debt (% GDP) for Burkina Faso in year 2008 is not available

General Government Gross Debt (National Currency) for Burkina Faso in year 2008 is not available

General Government Gross Debt (% GDP) for Burkina Faso in year 2008 is not available

Current Account Balance (US Dollars) for Burkina Faso in year 2008 is US$ -0.892 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Burkina Faso in year 2008 is -11.009 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.