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Burkina Faso

Burkina Faso Economic Outlook

  • After a period of social and political unrest, the economy is expected to bounce back strongly in 2017 with growth of 8.4%, driven by extractive industries and public investment.
  • The country needs to underpin this revival by improving its ability to absorb investment costs and control the threat of jihadist violence.
  • Economic reforms under the 2011-20 plan for the industry, commerce and small producers sector have created more entrepreneurs, but new industrial sector firms are in extractive industries rather than agro-food.

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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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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 Antoinette Batumubwira, Représentante Résidente

West Africa Region

Mr. M. Janvier LITSE, Director West Africa Region

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

TEL. : (+225) 20 26 40 47