Agriculture > products
cotton, peanuts, shea nuts, sesame, sorghum, millet, corn, rice; livestock |
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Aid as % of GDP
|
15.3% |
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[18th of 129]
|
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Definition: Economy > Aid as % of GDP |
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Source: CIA World Factbook, 28 July 2005 |
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Debt > External
|
$1,330,000,000.00 |
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[123rd of 136]
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Definition: Economy > Debt > External |
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Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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Distribution of family income > Gini index
|
39.5 |
|
[6th of 43]
|
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Definition: Economy > Distribution of family income > Gini index |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Economic freedom
|
1.75 |
|
[98th of 156]
|
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Definition: Economy > Economic freedom |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
One of the poorest countries in the world, landlocked Burkina Faso has few natural resources and a weak industrial base. About 90% of the population is engaged in subsistence agriculture, which is vulnerable to periodic drought. Cotton is the main cash crop and the government has joined with three other cotton producing countries in the region - Mali, Niger, and Chad - to lobby in the World Trade Organization for fewer subsidies to producers in other competing countries. Since 1998, Burkina Faso has embarked upon a gradual but successful privatization of state-owned enterprises. Having revised its investment code in 2004, Burkina Faso hopes to attract foreign investors. Thanks to this new code and other legislation favoring the mining sector, the country has seen an upswing in gold exploration and production. While the bitter internal crisis in neighboring Cote d'Ivoire is beginning to be resolved, it is still having a negative effect on Burkina Faso's trade and employment. In 2007 higher costs for energy and imported foodstuffs, as well as low cotton prices, dampened a GDP growth rate that had averaged 6% in the last 10 years. Burkina Faso received a Millennium Challenge Account threshold grant to improve girls' education at the primary school level, and appears likely to receive a grant in the areas of infrastructure, agriculture, and land reform. |
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Definition: Economy > Economy > Overview |
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Source: The Heritage Foundation |
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Exports
|
$617,000,000.00 |
|
[140th of 189]
|
|
Definition: Economy > Exports |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
|
$6,205,320,000.00 |
|
[117th of 203]
|
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Definition: Economy > GDP |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP > PPP
|
$15,071,000,000.00 |
|
[109th of 163]
|
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Definition: Economy > GDP > PPP |
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Source: World Development Indicators database and CIA World Factbook |
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GDP > Real growth rate
|
4.2% |
|
[123rd of 198]
|
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Definition: Economy > GDP > Real growth rate |
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Source: World Bank. 2005. World Development Indicators 2005. |
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GINI index
|
39.51
|
|
[18th of 40]
|
|
Definition: Economy > GINI index |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Gross National Income
|
$2,531,620,000.00 |
|
[122nd of 172]
|
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Definition: Economy > Gross National Income |
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Source: World Development Indicators database |
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Human Development Index
|
0.317 |
|
[176th of 178]
|
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Definition: Economy > Human Development Index |
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Income category
|
Low income |
|
|
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Definition: Economy > Income category |
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Source: Human Development Report 2006, United Nations Development Programme |
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Income distribution > Poorest 10%
|
2% |
|
[82nd of 114]
|
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Definition: Economy > Income distribution > Poorest 10% |
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Source: |
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Income distribution > Richest 10%
|
46.8% |
|
[5th of 114]
|
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Definition: Economy > Income distribution > Richest 10% |
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Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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Population below poverty line
|
46.4% |
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[15th of 46]
|
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Definition: Economy > Population below poverty line |
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Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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Population under $1 a day
|
61.2 |
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[6th of 59]
|
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Definition: Economy > Population under $1 a day |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Poverty > Share of all poor people
|
0.62 % of world's poor |
|
[17th of 80]
|
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Definition: Economy > Poverty > Share of all poor people |
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Source: World Bank 2002b via backone.pdf |
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Tourist arrivals
|
138,000 |
|
[109th of 152]
|
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Definition: Economy > Tourist arrivals |
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Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling |
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