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Burkina Faso

Burkina Faso Economic Outlook

Real GDP growth continued at an estimated 7.0% in 2018, compared with 6.7% in 2017. Key contributors were food agriculture (up 14.2% in 2018), extractive industry (20.5%), and cotton ginning (8.0%). Final consumption was the main component of domestic demand. The tax burden rose to approximately 18.0% of GDP in 2018 from 16.5% in 2017, while total outstanding public debt declined from 36.6% of GDP to 33.4%. Inflation increased to an estimated 1.4% in 2018, reflecting higher food prices. The current account deficit improved to an estimated 7.2% of GDP in 2018 from 7.6% in 2017.

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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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Activity



Resources



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

Mrs Marie-Laure Akin-Olugbade, Director General

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

TEL. : (+225) 20 26 40 47

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