IvanStat

Gross Domestic Product (GDP) in Burkina Faso

GDP of Burkina Faso, 1970-2015

During 1970-2015 GDP of Burkina Faso in current prices increased by 10.6 billion US dollars (in 24.6 times) to 11.1 billion US dollars; change occurred by 1.00 billion US dollars by increasing of people by 12.5 million, as well as by 9.6 billion US dollars by increasing of GDP per capita by 531.0 US dollars. The average annual growth of GDP of Burkina Faso was 0.24 billion US dollars or 7.4%. The average annual growth of GDP of Burkina Faso in constant prices was 4.5%. Share in the world grew by 0.0017%. Share in Africa rose by 0.068%. Minimal GDP was in 1970 (0.45 billion US dollars). Maximal GDP was in 2014 (12.6 billion US dollars).

During 1970-2015 GDP per capita in Burkina Faso increased by 531.0 US dollars (in 7.6 times) to 611.0 US dollars. The average annual growth of GDP per capita in current prices was 11.8 US dollars or 4.6%.

Change of GDP of Burkina Faso described by linear regression model: y=0.22x-434.0, where y - estimated value of GDP of Burkina Faso, x - year. Correlation rate = 0.866. Determination rate = 0.751.

GDP of Burkina Faso, 1970

GDP of Burkina Faso in 1970 was equal to 0.45 billion US dollars, ranked 112nd in the world and was on par with GDP of Malawi (0.48 bln. US dollars), GDP of Sierra Leone (0.46 bln. US dollars), GDP of Haiti (0.44 bln. US dollars), GDP of Guyana (0.43 bln. US dollars), GDP of Niger (0.43 bln. US dollars), GDP of Bahrain (0.42 bln. US dollars). Share of Burkina Faso in the world GDP was 0.013%.

GDP per capita in Burkina Faso in 1970 was 80.0 US dollars, ranked 179th in the world and was on par with GDP per capita in Ethiopia (85.0 US dollars), GDP per capita in Equatorial Guinea (77.0 US dollars). GDP per capita in Burkina Faso was less than GDP per capita in the World (924.0 US dollars) by 844.0 US dollars.

Comparison of GDP in Burkina Faso and the neighbors in 1970. GDP of Burkina Faso was greater than GDP of Niger (0.4 billion US dollars), GDP of Mali (0.4 billion US dollars), GDP of Benin (0.3 billion US dollars), GDP of Togo (0.3 billion US dollars), but was less than GDP of Ghana (3.5 billion US dollars), GDP of Côte d'Ivoire (1.5 billion US dollars). GDP per capita in Burkina Faso was greater than GDP per capita in Mali (59.0 US dollars), but was less than GDP per capita in Ghana (413.0 US dollars), GDP per capita in Côte d'Ivoire (286.0 US dollars), GDP per capita in Togo (125.0 US dollars), GDP per capita in Benin (111.0 US dollars), GDP per capita in Niger (95.0 US dollars).

Comparison of GDP in Burkina Faso and leaders in 1970. GDP of Burkina Faso was less than GDP of the United States (1 075.9 billion US dollars) in 2 390.4 times, GDP of Germany (215.0 billion US dollars) in 477.7 times, GDP of Japan (211.5 billion US dollars) in 469.9 times, GDP of the United Kingdom (130.7 billion US dollars) in 290.3 times, GDP of China (89.6 billion US dollars) in 199.2 times. GDP per capita in Burkina Faso was less than GDP per capita in the United States (5 136.0 US dollars) in 64.2 times, GDP per capita in Germany (2 744.0 US dollars) in 34.3 times, GDP per capita in the United Kingdom (2 350.0 US dollars) in 29.4 times, GDP per capita in Japan (2 040.0 US dollars) in 25.5 times, GDP per capita in China (111.0 US dollars) by 38.8%.

Potential GDP of Burkina Faso in 1970. With GDP per capita at the level of the United States (5 136.0 US dollars), GDP of Burkina Faso would be 28.9 billion US dollars, it is in 64.2 times more than the actual level. With GDP per capita at the level of the World (924.0 US dollars), GDP of Burkina Faso would be 5.2 billion US dollars, it is in 11.6 times more than the actual level. With GDP per capita at the level of Ghana (413.0 US dollars), as the best neighbor, GDP of Burkina Faso would be 2.3 billion US dollars, it is in 5.2 times more than the actual level. With GDP per capita at the level of Western Africa (321.0 US dollars), GDP of Burkina Faso would be 1.8 billion US dollars, it is in 4.0 times more than the actual level. With GDP per capita at the level of Africa (296.0 US dollars), GDP of Burkina Faso would be 1.7 billion US dollars, it is in 3.7 times more than the actual level.

GDP of Burkina Faso, 2015

GDP of Burkina Faso in 2015 was 11.1 billion US dollars, ranked 135th in the world and was on par with GDP of Mongolia (11.8 bln. US dollars), GDP of Albania (11.5 bln. US dollars), GDP of Mauritius (11.5 bln. US dollars), GDP of Namibia (11.5 bln. US dollars), GDP of Armenia (10.5 bln. US dollars). Share of Burkina Faso in the world GDP was 0.015%.

GDP per capita in Burkina Faso in 2015 was worth 611.0 US dollars, ranked 198th in the world and was on par with GDP per capita in Uganda (648.0 US dollars), GDP per capita in Northen Korea (642.0 US dollars), GDP per capita in Afghanistan (627.0 US dollars), GDP per capita in Ethiopia (603.0 US dollars). GDP per capita in Burkina Faso was less than GDP per capita in the World (10 098.0 US dollars) by 9 487.0 US dollars.

Comparison of GDP in Burkina Faso and the neighbors in 2015. GDP of Burkina Faso was greater than GDP of Benin (8.5 billion US dollars), GDP of Niger (7.1 billion US dollars), GDP of Togo (4.1 billion US dollars), but was less than GDP of Ghana (37.2 billion US dollars), GDP of Côte d'Ivoire (32.1 billion US dollars), GDP of Mali (13.1 billion US dollars). GDP per capita in Burkina Faso was greater than GDP per capita in Togo (567.0 US dollars), GDP per capita in Niger (359.0 US dollars), but was less than GDP per capita in Côte d'Ivoire (1 413.0 US dollars), GDP per capita in Ghana (1 356.0 US dollars), GDP per capita in Benin (779.0 US dollars), GDP per capita in Mali (744.0 US dollars).

Comparison of GDP in Burkina Faso and leaders in 2015. GDP of Burkina Faso was less than GDP of the United States (18 036.6 billion US dollars) in 1 630.1 times, GDP of China (11 158.5 billion US dollars) in 1 008.5 times, GDP of Japan (4 383.1 billion US dollars) in 396.1 times, GDP of Germany (3 363.6 billion US dollars) in 304.0 times, GDP of the United Kingdom (2 858.0 billion US dollars) in 258.3 times. GDP per capita in Burkina Faso was less than GDP per capita in the United States (56 054.0 US dollars) in 91.7 times, GDP per capita in the United Kingdom (44 162.0 US dollars) in 72.3 times, GDP per capita in Germany (41 686.0 US dollars) in 68.2 times, GDP per capita in Japan (34 629.0 US dollars) in 56.7 times, GDP per capita in China (8 109.0 US dollars) in 13.3 times.

Potential GDP of Burkina Faso in 2015. With GDP per capita at the level of the United States (56 054.0 US dollars), GDP of Burkina Faso would be 1 015.1 billion US dollars, it is in 91.7 times more than the actual level. With GDP per capita at the level of the World (10 098.0 US dollars), GDP of Burkina Faso would be 182.9 billion US dollars, it is in 16.5 times more than the actual level. With GDP per capita at the level of Africa (1 927.0 US dollars), GDP of Burkina Faso would be 34.9 billion US dollars, it is in 3.2 times more than the actual level. With GDP per capita at the level of Western Africa (1 827.0 US dollars), GDP of Burkina Faso would be 33.1 billion US dollars, it is in 3.0 times more than the actual level. With GDP per capita at the level of Côte d'Ivoire (1 413.0 US dollars), as the best neighbor, GDP of Burkina Faso would be 25.6 billion US dollars, it is in 2.3 times more than the actual level.

Size of GDP in Burkina Faso

Gross Domestic Product (GDP) in Burkina Faso, bln. US dollars
Prices197019801990200020102015
current prices0.451.93.12.69.011.1
constant prices19700.450.660.841.42.53.2
20051.31.92.44.07.19.3
Picture. Burkina Faso: GDP

GDP in Burkina Faso and its neighbors, bln. $
Country197019801990200020102015
Ghana3.55.210.08.032.237.2
Côte d'Ivoire1.510.211.910.724.932.1
Mali0.351.83.03.010.713.1
Burkina Faso0.451.93.12.69.011.1
Benin0.321.52.02.67.08.5
Niger0.432.72.61.75.77.1
Togo0.261.11.81.33.24.1

GDP in Burkina Faso and leaders, bln. $
Country197019801990200020102015
United States1 075.92 862.55 979.610 284.814 964.418 036.6
China89.6305.3398.61 214.96 066.411 158.5
Japan211.51 099.73 140.04 887.55 700.14 383.1
Germany215.0946.71 764.91 950.03 417.13 363.6
United Kingdom130.7565.01 093.21 635.42 429.72 858.0
Burkina Faso0.451.93.12.69.011.1

Growth of GDP in Burkina Faso

Picture. Burkina Faso: GDP, growth Picture. Burkina Faso: GDP, growth

GDP per capita in Burkina Faso

Picture. Burkina Faso: GDP per capita Picture. Burkina Faso: GDP per capita

GDP per capita in Burkina Faso and its neighbors, $
Country197019801990200020102015
Côte d'Ivoire286.01 231.0978.0647.01 236.01 413.0
Ghana413.0484.0682.0424.01 323.01 356.0
Benin111.0399.0398.0370.0733.0779.0
Mali59.0254.0352.0267.0704.0744.0
Burkina Faso80.0283.0356.0227.0574.0611.0
Togo125.0416.0472.0265.0496.0567.0
Niger95.0452.0333.0154.0351.0359.0

GDP per capita in Burkina Faso and leaders, $
Country197019801990200020102015
United States5 136.012 468.023 649.036 355.048 291.056 054.0
United Kingdom2 350.010 049.019 142.027 781.038 741.044 162.0
Germany2 744.012 113.022 353.023 810.042 483.041 686.0
Japan2 040.09 487.025 685.038 878.044 770.034 629.0
China111.0312.0345.0957.04 524.08 109.0
Burkina Faso80.0283.0356.0227.0574.0611.0

Structure of GDP in Burkina Faso

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197095.285.79.59.87.2-9.3
198097.878.319.522.219.2-20.0
199094.673.521.118.917.7-13.5
200095.474.720.720.121.2-15.4
201083.562.820.626.924.5-10.4
201577.955.822.232.732.2-7.8