Burkina Faso

Burkina Faso Economic Outlook

  • According to preliminary estimates, GDP growth in real terms in 2012 will be 8%, driven by a good harvest and a favourable international environment. A similar economic trend of 7-8% is projected for 2013, thanks to strong performances by the primary and tertiary sectors. Nevertheless, the possibility of climatic shocks, volatile commodity prices (oil, gold) and regional insecurity, resulting from the Mali crisis, pose a threat.
  • The country is slowly recovering from the social crisis of 2011, and the fact that the joint general and local elections held in December 2011 took place without any major incidents is a positive sign of the normalisation of the social and political situation. In terms of social progress, poverty persists despite a decade of sustained growth and programmes for vulnerable groups. Most of the indicators of the Millennium Development Goals (MDGs) will be unachievable by 2015.
  • The economy still depends heavily on agriculture, forestry and livestock farming as well as the exploitation of mineral resources. In addition to mining, which keeps growing year-on-year, the pressure of the 3.1% population growth (one of the highest in West Africa) on extensive farming creates a major risk of accelerated degradation of the environment in a context of recurring climatic vagaries.

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 2012: 17.5 Million
Urban Population 2012: 27.41%
Female Population 2012: 50.31%
GDP: US$ 11.2 Billion
GNI Per Capita 2012: US$ 570
Inflation Rate: 3.60%
Crude Birth Rate (per 1000): 42.62%
Human Development Index (rank / 187): 183
Human Development Index (scale 0 to 1): 0.343
Membership Date: 22/09/1964
Cumulative Approvals (1967-2012): UA 826.4 Million

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