North America

Central & South America

Europe

Africa

Asia & Middle East

Southeast Asia & Oceania

map

Burkina Faso Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
19,742,715 (July 2018 est.)
GDP (PPP)
$35.85 billion (2017 est.)

Cotton and gold are Burkina Faso’s key exports - gold has accounted for about three-quarters of the country’s total export revenues.

GDP growth rate
6.4% (2017 est.)

While the end of the political crisis has allowed Burkina Faso’s economy to resume positive growth, the country’s fragile security situation could put these gains at risk.

GDP (PPP) per capita
$1,900 (2017 est.)

Poor country with about 80% of the population engaged in subsistence farming.

Local currency
Communaute Financiere Africaine francs (XOF)

Pegged to the Euro.

Financial stability (Public debt)
38.1% of GDP (2017 est.)

A new three-year IMF program (2018-2020), approved in 2018, will allow the government to reduce the budget deficit and preserve critical spending on social services and priority public investments.

Inflation
0.4% (2017 est.)

Low.

Language
French (official), native African languages belonging to Sudanic family spoken by 90% of the population

English not spoken.

Corruption perception index (Source: Transparency International)
78/180

High level of corruption.

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

N/A
Corporate Tax

N/A
Duties

N/A

Are you interested in Burkina Faso business?

Visit our Explore Opportunities page and connect with thousands of companies in Africa that are looking for a partner abroad. Exports from Africa are in great demand from all over the world, you just need to find the right Africa opportunity for your business.

Whether you are looking for Burkina Faso export, Burkina Faso import, or to invest in Burkina Faso, you can use Globartis for doing business in Burkina Faso. You can look for Burkina companies or for companies in Ouagadougou, the capital city and one of the best places for Africa opportunity in business.

Join now for free and start doing business in Africa! Find partners for your Africa business on Globartis!

Copyright © Globartis 2021 - Version 3.1.7 - Last update 06-jun-21 - Powered with by  Giplo