IvanStat

Total Value Added in Burkina Faso

Value added of Burkina Faso, 1970-2015

During 1970-2015 value added of Burkina Faso in current prices increased by 9.5 billion US dollars (in 23.2 times) to 10.0 billion US dollars; change occurred by 0.95 billion US dollars by increasing of people by 12.5 million, as well as by 8.6 billion US dollars by increasing of value added per capita by 473.4 US dollars. The average annual growth of value added of Burkina Faso was 0.21 billion US dollars or 7.2%. The average annual growth of value added of Burkina Faso in constant prices was 4.7%. Share in the world rose by 0.0010%. Share in Africa grew by 0.037%. Minimal value added was in 1970 (0.43 billion US dollars). Maximal value added was in 2014 (11.4 billion US dollars).

During 1970-2015 value added per capita in Burkina Faso rose by 473.4 US dollars (in 7.2 times) to 549.8 US dollars. The average annual growth of value added per capita in current prices was 10.5 US dollars or 4.5%.

Change of value added of Burkina Faso described by linear regression model: y=0.20x-394.2, where y - estimated value of value added of Burkina Faso, x - year. Correlation rate = 0.869. Determination rate = 0.754.

Value added of Burkina Faso, 1970

Value added of Burkina Faso in 1970 was equal to 0.43 billion US dollars, ranked 111st in the world and was on par with value added of Malawi (0.45 bln. US dollars), value added of Sierra Leone (0.42 bln. US dollars), value added of Guyana (0.41 bln. US dollars), value added of Niger (0.41 bln. US dollars), value added of Haiti (0.41 bln. US dollars), value added of Chad (0.41 bln. US dollars). Share of Burkina Faso in the world value added was 0.013%.

Value added per capita in Burkina Faso in 1970 was equal to 76.4 US dollars, ranked 179th in the world and was on par with value added per capita in Ethiopia (79.5 US dollars), value added per capita in Equatorial Guinea (72.6 US dollars), value added per capita in Lesotho (72.3 US dollars). Value added per capita in Burkina Faso was less than value added per capita in the World (889.0 US dollars) by 812.6 US dollars.

Comparison of value added in Burkina Faso and the neighbors in 1970. Value added of Burkina Faso was greater than value added of Niger (0.4 billion US dollars), value added of Mali (0.4 billion US dollars), value added of Benin (0.3 billion US dollars), value added of Togo (0.3 billion US dollars), but was less than value added of Ghana (3.7 billion US dollars), value added of Côte d'Ivoire (1.4 billion US dollars). Value added per capita in Burkina Faso was greater than value added per capita in Mali (64.6 US dollars), but was less than value added per capita in Ghana (435.0 US dollars), value added per capita in Côte d'Ivoire (270.4 US dollars), value added per capita in Togo (129.0 US dollars), value added per capita in Benin (98.4 US dollars), value added per capita in Niger (91.8 US dollars).

Comparison of value added in Burkina Faso and leaders in 1970. Value added of Burkina Faso was less than value added of the United States (1 064.0 billion US dollars) in 2 477.0 times, value added of Japan (203.7 billion US dollars) in 474.3 times, value added of Germany (196.6 billion US dollars) in 457.6 times, value added of the United Kingdom (114.2 billion US dollars) in 265.7 times, value added of China (92.6 billion US dollars) in 215.6 times. Value added per capita in Burkina Faso was less than value added per capita in the United States (5 079.3 US dollars) in 66.5 times, value added per capita in Germany (2 508.6 US dollars) in 32.9 times, value added per capita in the United Kingdom (2 052.8 US dollars) in 26.9 times, value added per capita in Japan (1 964.9 US dollars) in 25.7 times, value added per capita in China (114.7 US dollars) by 50.2%.

Potential value added of Burkina Faso in 1970. With value added per capita at the level of the United States (5 079.3 US dollars), value added of Burkina Faso would be 28.6 billion US dollars, it is in 66.5 times more than the actual level. With value added per capita at the level of the World (889.0 US dollars), value added of Burkina Faso would be 5.0 billion US dollars, it is in 11.6 times more than the actual level. With value added per capita at the level of Ghana (435.0 US dollars), as the best neighbor, value added of Burkina Faso would be 2.4 billion US dollars, it is in 5.7 times more than the actual level. With value added per capita at the level of Western Africa (314.5 US dollars), value added of Burkina Faso would be 1.8 billion US dollars, it is in 4.1 times more than the actual level. With value added per capita at the level of Africa (281.3 US dollars), value added of Burkina Faso would be 1.6 billion US dollars, it is in 3.7 times more than the actual level.

Value added of Burkina Faso, 2015

Value added of Burkina Faso in 2015 was worth 10.0 billion US dollars, ranked 135th in the world and was on par with value added of Mauritius (10.2 bln. US dollars), value added of Albania (10.0 bln. US dollars), value added of Chad (9.8 bln. US dollars), value added of Armenia (9.6 bln. US dollars). Share of Burkina Faso in the world value added was 0.014%.

Value added per capita in Burkina Faso in 2015 was equal to 549.8 US dollars, ranked 199th in the world and was on par with value added per capita in Ethiopia (564.1 US dollars), value added per capita in Guinea-Bissau (521.3 US dollars). Value added per capita in Burkina Faso was less than value added per capita in the World (9 616.5 US dollars) by 9 066.7 US dollars.

Comparison of value added in Burkina Faso and the neighbors in 2015. Value added of Burkina Faso was greater than value added of Benin (7.5 billion US dollars), value added of Niger (6.6 billion US dollars), value added of Togo (3.6 billion US dollars), but was less than value added of Ghana (35.5 billion US dollars), value added of Côte d'Ivoire (28.6 billion US dollars), value added of Mali (12.0 billion US dollars). Value added per capita in Burkina Faso was greater than value added per capita in Togo (487.3 US dollars), value added per capita in Niger (330.6 US dollars), but was less than value added per capita in Ghana (1 296.7 US dollars), value added per capita in Côte d'Ivoire (1 260.5 US dollars), value added per capita in Benin (688.6 US dollars), value added per capita in Mali (683.8 US dollars).

Comparison of value added in Burkina Faso and leaders in 2015. Value added of Burkina Faso was less than value added of the United States (18 036.7 billion US dollars) in 1 811.7 times, value added of China (11 007.7 billion US dollars) in 1 105.6 times, value added of Japan (4 351.5 billion US dollars) in 437.1 times, value added of Germany (3 027.4 billion US dollars) in 304.1 times, value added of the United Kingdom (2 545.5 billion US dollars) in 255.7 times. Value added per capita in Burkina Faso was less than value added per capita in the United States (56 054.2 US dollars) in 102.0 times, value added per capita in the United Kingdom (39 333.5 US dollars) in 71.5 times, value added per capita in Germany (37 519.1 US dollars) in 68.2 times, value added per capita in Japan (34 379.5 US dollars) in 62.5 times, value added per capita in China (7 999.5 US dollars) in 14.6 times.

Potential value added of Burkina Faso in 2015. With value added per capita at the level of the United States (56 054.2 US dollars), value added of Burkina Faso would be 1 015.1 billion US dollars, it is in 102.0 times more than the actual level. With value added per capita at the level of the World (9 616.5 US dollars), value added of Burkina Faso would be 174.1 billion US dollars, it is in 17.5 times more than the actual level. With value added per capita at the level of Africa (1 845.1 US dollars), value added of Burkina Faso would be 33.4 billion US dollars, it is in 3.4 times more than the actual level. With value added per capita at the level of Western Africa (1 775.8 US dollars), value added of Burkina Faso would be 32.2 billion US dollars, it is in 3.2 times more than the actual level. With value added per capita at the level of Ghana (1 296.7 US dollars), as the best neighbor, value added of Burkina Faso would be 23.5 billion US dollars, it is in 2.4 times more than the actual level.

Size of value added in Burkina Faso

Total Value Added in Burkina Faso, bln. US dollars
Prices197019801990200020102015
current prices0.431.93.02.58.310.0
constant prices19700.430.610.831.32.53.3
20051.11.62.23.66.68.9
Picture. Burkina Faso: value added

value added in Burkina Faso and its neighbors, bln. $
Country197019801990200020102015
Ghana3.74.810.07.530.335.5
Côte d'Ivoire1.49.711.810.322.628.6
Mali0.381.92.82.79.912.0
Burkina Faso0.431.93.02.58.310.0
Benin0.291.32.02.36.27.5
Niger0.412.62.61.65.36.6
Togo0.271.11.51.22.83.6

value added in Burkina Faso and leaders, bln. $
Country197019801990200020102015
United States1 064.02 853.85 977.010 284.614 964.118 036.7
China92.6306.2394.61 211.36 100.611 007.7
Japan203.71 097.83 071.14 869.55 654.44 351.5
Germany196.6866.81 609.51 759.03 074.93 027.4
United Kingdom114.2501.7923.11 465.12 185.82 545.5
Burkina Faso0.431.93.02.58.310.0

Growth of value added in Burkina Faso

Picture. Burkina Faso: value added, growth Picture. Burkina Faso: value added, growth

value added per capita in Burkina Faso

Picture. Burkina Faso: value added per capita Picture. Burkina Faso: value added per capita

value added per capita in Burkina Faso and its neighbors, $
Country197019801990200020102015
Ghana435.0447.7681.2395.91 246.81 296.7
Côte d'Ivoire270.41 179.5972.3621.61 121.31 260.5
Benin98.4357.2389.8332.1656.4688.6
Mali64.6263.4327.5247.7651.3683.8
Burkina Faso76.4272.1345.7212.9531.2549.8
Togo129.0389.2382.9246.1441.3487.3
Niger91.8441.1325.6145.7327.5330.6

value added per capita in Burkina Faso and leaders, $
Country197019801990200020102015
United States5 079.312 430.123 638.536 354.248 290.356 054.2
United Kingdom2 052.88 924.616 163.024 889.034 853.139 333.5
Germany2 508.611 090.420 383.821 478.638 228.837 519.1
Japan1 964.99 470.725 121.938 734.644 411.134 379.5
China114.7312.8341.5954.24 549.67 999.5
Burkina Faso76.4272.1345.7212.9531.2549.8

Structure of value added in Burkina Faso

Burkina Faso: structure of economy
Yearagricultureindustryconstructiontradetransportsservices
197042.313.94.614.97.516.7
198041.312.63.014.08.720.4
199028.816.14.814.84.231.2
200032.815.06.512.44.728.5
201035.115.25.115.14.225.4
201534.516.15.612.24.527.0
Picture. Burkina Faso: structure of economy by sectors, 2015, %

© Ivan Kushnir

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