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Wholesale, retail trade, restaurants and hotels in Burkina Faso

Trade of Burkina Faso, 1970-2015

During 1970-2015 trade of Burkina Faso in current prices increased by 1.1 billion US dollars (in 18.9 times) to 1.2 billion US dollars; change occurred by 0.14 billion US dollars by increasing of people by 12.5 million, as well as by 1.0 billion US dollars by increasing of trade per capita by 55.6 US dollars. The average annual growth of trade of Burkina Faso was 0.026 billion US dollars or 6.8%. The average annual growth of trade of Burkina Faso in constant prices was 3.6%. Share in the world reduced by 0.0020%. Share in Africa decreased by 0.11%. Minimal trade was in 1970 (0.064 billion US dollars). Maximal trade was in 2014 (1.4 billion US dollars).

During 1970-2015 trade per capita in Burkina Faso grew by 55.6 US dollars (in 5.9 times) to 67.0 US dollars. The average annual growth of trade per capita in current prices was 1.2 US dollars or 4.0%.

Change of trade of Burkina Faso described by linear regression model: y=0.024x-48.2, where y - estimated value of trade of Burkina Faso, x - year. Correlation rate = 0.862. Determination rate = 0.744.

Trade of Burkina Faso, 1970

Trade of Burkina Faso in 1970 was 0.064 billion US dollars, ranked 111st in the world and was on par with trade of Togo (0.064 bln. US dollars), trade of Malta (0.063 bln. US dollars), trade of Mongolia (0.060 bln. US dollars). Share of Burkina Faso in the world trade was 0.014%.

Trade per capita in Burkina Faso in 1970 was 11.4 US dollars, ranked 167th in the world and was on par with trade per capita in Madagascar (11.3 US dollars). Trade per capita in Burkina Faso was less than trade per capita in the World (123.7 US dollars) by 112.3 US dollars.

Comparison of trade in Burkina Faso and the neighbors in 1970. Trade of Burkina Faso was greater than trade of Togo (0.1 billion US dollars), trade of Benin (0.0 billion US dollars), trade of Niger (0.0 billion US dollars), trade of Mali (0.0 billion US dollars), but was less than trade of Côte d'Ivoire (0.3 billion US dollars), trade of Ghana (0.2 billion US dollars). Trade per capita in Burkina Faso was greater than trade per capita in Niger (9.7 US dollars), trade per capita in Mali (4.3 US dollars), but was less than trade per capita in Côte d'Ivoire (58.6 US dollars), trade per capita in Togo (30.3 US dollars), trade per capita in Ghana (23.2 US dollars), trade per capita in Benin (15.7 US dollars).

Comparison of trade in Burkina Faso and leaders in 1970. Trade of Burkina Faso was less than trade of the United States (176.5 billion US dollars) in 2 752.7 times, trade of Japan (28.8 billion US dollars) in 449.8 times, trade of Germany (27.5 billion US dollars) in 429.6 times, trade of the United Kingdom (18.8 billion US dollars) in 293.7 times, trade of China (7.7 billion US dollars) in 120.2 times. Trade per capita in Burkina Faso was greater than trade per capita in China (9.5 US dollars) by 19.4%, but was less than trade per capita in the United States (842.3 US dollars) in 73.9 times, trade per capita in Germany (351.4 US dollars) in 30.8 times, trade per capita in the United Kingdom (338.5 US dollars) in 29.7 times, trade per capita in Japan (278.1 US dollars) in 24.4 times.

Potential trade of Burkina Faso in 1970. With trade per capita at the level of the United States (842.3 US dollars), trade of Burkina Faso would be 4.7 billion US dollars, it is in 73.9 times more than the actual level. With trade per capita at the level of the World (123.7 US dollars), trade of Burkina Faso would be 0.70 billion US dollars, it is in 10.9 times more than the actual level. With trade per capita at the level of Côte d'Ivoire (58.6 US dollars), as the best neighbor, trade of Burkina Faso would be 0.33 billion US dollars, it is in 5.1 times more than the actual level. With trade per capita at the level of Western Africa (39.1 US dollars), trade of Burkina Faso would be 0.22 billion US dollars, it is in 3.4 times more than the actual level. With trade per capita at the level of Africa (36.6 US dollars), trade of Burkina Faso would be 0.21 billion US dollars, it is in 3.2 times more than the actual level.

Trade of Burkina Faso, 2015

Trade of Burkina Faso in 2015 was 1.2 billion US dollars, ranked 140th in the world and was on par with trade of Armenia (1.3 bln. US dollars), trade of Chad (1.2 bln. US dollars), trade of Rwanda (1.2 bln. US dollars). Share of Burkina Faso in the world trade was 0.012%.

Trade per capita in Burkina Faso in 2015 was equal to 67.0 US dollars, ranked 200th in the world and was on par with trade per capita in Mozambique (69.2 US dollars). Trade per capita in Burkina Faso was less than trade per capita in the World (1 360.4 US dollars) by 1 293.4 US dollars.

Comparison of trade in Burkina Faso and the neighbors in 2015. Trade of Burkina Faso was greater than trade of Benin (1.1 billion US dollars), trade of Niger (0.9 billion US dollars), trade of Togo (0.3 billion US dollars), but was less than trade of Ghana (3.9 billion US dollars), trade of Côte d'Ivoire (3.0 billion US dollars), trade of Mali (1.5 billion US dollars). Trade per capita in Burkina Faso was greater than trade per capita in Niger (45.4 US dollars), trade per capita in Togo (41.5 US dollars), but was less than trade per capita in Ghana (143.4 US dollars), trade per capita in Côte d'Ivoire (134.2 US dollars), trade per capita in Benin (101.2 US dollars), trade per capita in Mali (83.2 US dollars).

Comparison of trade in Burkina Faso and leaders in 2015. Trade of Burkina Faso was less than trade of the United States (2 674.2 billion US dollars) in 2 205.3 times, trade of China (1 258.3 billion US dollars) in 1 037.7 times, trade of Japan (623.6 billion US dollars) in 514.2 times, trade of the United Kingdom (354.7 billion US dollars) in 292.5 times, trade of Germany (343.6 billion US dollars) in 283.3 times. Trade per capita in Burkina Faso was less than trade per capita in the United States (8 310.8 US dollars) in 124.1 times, trade per capita in the United Kingdom (5 481.2 US dollars) in 81.9 times, trade per capita in Japan (4 926.4 US dollars) in 73.6 times, trade per capita in Germany (4 258.2 US dollars) in 63.6 times, trade per capita in China (914.5 US dollars) in 13.7 times.

Potential trade of Burkina Faso in 2015. With trade per capita at the level of the United States (8 310.8 US dollars), trade of Burkina Faso would be 150.5 billion US dollars, it is in 124.1 times more than the actual level. With trade per capita at the level of the World (1 360.4 US dollars), trade of Burkina Faso would be 24.6 billion US dollars, it is in 20.3 times more than the actual level. With trade per capita at the level of Western Africa (328.3 US dollars), trade of Burkina Faso would be 5.9 billion US dollars, it is in 4.9 times more than the actual level. With trade per capita at the level of Africa (276.3 US dollars), trade of Burkina Faso would be 5.0 billion US dollars, it is in 4.1 times more than the actual level. With trade per capita at the level of Ghana (143.4 US dollars), as the best neighbor, trade of Burkina Faso would be 2.6 billion US dollars, it is in 2.1 times more than the actual level.

Size of trade in Burkina Faso

Wholesale, retail trade, restaurants and hotels in Burkina Faso, bln. US dollars
Prices197019801990200020102015
current prices0.0640.260.450.311.31.2
constant prices19700.0640.120.120.130.290.31
20050.200.380.380.420.910.98
Picture. Burkina Faso: trade

trade in Burkina Faso and its neighbors, bln. $
Country197019801990200020102015
Ghana0.200.401.10.833.73.9
Côte d'Ivoire0.311.92.01.92.73.0
Mali0.0250.230.440.341.31.5
Burkina Faso0.0640.260.450.311.31.2
Benin0.0460.230.310.360.771.1
Niger0.0440.320.480.280.810.90
Togo0.0640.220.170.170.280.30

trade in Burkina Faso and leaders, bln. $
Country197019801990200020102015
United States176.5455.1908.11 607.42 133.52 674.2
China7.716.132.8124.5644.21 258.3
Japan28.8159.9397.2661.4779.2623.6
United Kingdom18.875.5151.0206.3300.9354.7
Germany27.5116.5207.3207.7347.9343.6
Burkina Faso0.0640.260.450.311.31.2
Picture. Burkina Faso: share of trade in economy

Growth of trade in Burkina Faso

Picture. Burkina Faso: trade, growth Picture. Burkina Faso: trade, growth

trade per capita in Burkina Faso

Picture. Burkina Faso: trade per capita Picture. Burkina Faso: trade per capita

trade per capita in Burkina Faso and its neighbors, $
Country197019801990200020102015
Ghana23.237.478.543.9152.1143.4
Côte d'Ivoire58.6224.5168.0118.1133.9134.2
Benin15.761.262.552.281.1101.2
Mali4.331.751.730.483.783.2
Burkina Faso11.438.251.226.580.167.0
Niger9.752.960.224.950.045.4
Togo30.380.145.135.344.141.5

trade per capita in Burkina Faso and leaders, $
Country197019801990200020102015
United States842.31 982.23 591.35 681.96 884.98 310.8
United Kingdom338.51 343.52 643.33 504.84 798.05 481.2
Japan278.11 379.83 248.95 261.56 119.94 926.4
Germany351.41 489.92 625.12 535.74 324.74 258.2
China9.516.428.498.1480.4914.5
Burkina Faso11.438.251.226.580.167.0

© Ivan Kushnir

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