Burkina Faso

Real GDP growth dropped to 3.2% in 2022 from 6.9% in 2021 because extractive activities fell 13.6% in 2022 despite growing 7.3% in 2021, following the closure of several mines for security reasons. Other factors in the economic slowdown were sociopolitical instability, military coups, a deteriorating security environment, and the effects of Russia’s invasion of Ukraine. Contributors to growth included agriculture (up 10.3% in 2022 after declining 12.3% in 2021) and the tertiary sector (up 6.6% in 2022 compared with 13.5% in 2021).

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Key Facts

Flag:
Capital:	Ouagadougou
Area:	274,000 sq km
Total Population 2017:	19.2 Million...
Urban Population 2017:	73.50%
Female Population 2017:	49.70%
GDP:	US$ 14.3 Billion
GNI Per Capita 2015:	US$ 660
Inflation Rate:	2.00%
Crude Birth Rate (per 1000):	38.60%
Human Development Index (rank / 188):	185
Human Development Index (scale 0 to 1):	0.402
Membership Date:	22/09/1964
Cumulative Approvals (1967-2016):	UA 1.0 Billion

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