Economy Overview
Burkina Faso experienced a number of public protests over the high cost of living, corruption, and other socioeconomic issues in 2013, while the fall of the COMPAORE government in 2014 and failed coup in September 2015 disrupted economic activity and strained government finances. A new three-year IMF program, approved in 2013, was recently completed. Discussions are currently underway on a new program. Political insecurity in neighboring Mali, unreliable energy supplies, and poor transportation links pose long-term challenges.
Agriculture Products
cotton, peanuts, shea nuts, sesame, sorghum, millet, corn, rice; livestock
Industries
cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, gold
Industrial Production Growth Rate
5.5% (2016 est.)
Labor Force
8.501 million
Labor Force by Occupation
Agriculture: 90%
Industry and services: 10% (2000 est.)
Unemployment Rate
77% (2004)
Population Below Poverty Line
40.1% (2009 est.)
Household Income or Consumption by Percentage Share
Lowest 10%: 2.9%
Highest 10%: 32.2% (2009 est.)
Distribution of Family Income Gini Index
48.2 (1994)
Budget
Revenues: $2.379 billion
Expenditures: $2.759 billion (2016 est.)
Public Debt
32.5% of GDP (2015 est.)
Central Bank Discount Rate
4.25% (31 December 2009)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$2.124 billion (31 December 2015 est.)
Stock of Broad Money
$4 billion (31 December 2015 est.)
Stock of Domestic Credit
$3.192 billion (31 December 2015 est.)
Market Value of Publicly Traded Shares
$NA
Reserves of Foreign Exchange and Gold
$67.3 million (31 December 2015 est.)
Debt External
$2.627 billion (31 December 2015 est.)
Stock of Direct Foreign Investment at Home
Stock of Direct Foreign Investment Abroad
Exchange Rates
510.53 (2012 est.)
