Burkina Faso

Burkina Faso Economic Outlook

  • Burkina Faso suffered from lower gold prices in 2013. Despite difficult economic circumstances, real growth remained strong at 6.9%. It was down, however, from 9.0% the previous year. Agriculture and mining remained the main engines of growth in 2013.
  • The weak capacity to absorb public investment is the main problem with state finances. This constitutes a growth constraint and could harm Burkina Faso’s chances of reaching the Millennium Development Goals by 2015.
  • Burkina Faso struggles to participate in global value chains (GVCs) because of poor infrastructure and access to energy and a lack of skilled labour. The country needs to put in place a coherent strategy to develop GVCs.

Contacts

Bureau National du Burkina Faso

Groupe de la Banque africaine de développement
Immeuble Administratif et Technique de l'ARTEL
5è Etage
Ouagadougou, Burkina Faso

Tél : +226 50375750/51/53
Fax : +226 50375749

Mme Kamuanya Ginette Nzau-Muteta, Représentante Résidente

Department West Africa Region

Mr. Franck Perrault, Director West Africa Region

African Development Bank Group
24ème  Etage, Immeuble  CCIA, Plateau
01 Boite Postale 1387 Abidjan 01
Côte d’Ivoire

Phone: (+225) 20 20 40 46


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Key Facts

Flag:
Capital: Ouagadougou
Area: 274,000 sq km
Total Population 2013: 16.9 Million
Urban Population 2013: 28.19%
Female Population 2013: 50.29%
GDP: US$ 12.8 Billion
GNI Per Capita 2013: US$ 670
Inflation Rate: 2.00%
Crude Birth Rate (per 1000): 40.85%
Human Development Index (rank / 187): 183
Human Development Index (scale 0 to 1): 0.343
Membership Date: 22/09/1964
Cumulative Approvals (1967-2013): UA 905.9 Million

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