Burkina Faso

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Burkina Faso is a poor, landlocked country that depends on adequate rainfall. About 80% of the population is engaged in subsistence farming and cotton is the main cash crop. The country has few natural resources and a weak industrial base. Cotton and gold are Burkina Faso’s key exports and Burkina Faso’s economic growth and revenue depends on global prices for the two commodities. The Burkinabe economy experienced high levels of growth over the last few years and gold accounted for about three-quarters of the country’s total export revenues in 2013. The country has seen an upswing in gold exploration, production, and exports. Burkina Faso experienced a number of public protests over the high cost of living, corruption, and other socioeconomic issues in 2013 and the fall of the COMPAORE government in 2014 gave rise to laborers pushing for better pay and working conditions. A new three-year IMF program was approved in 2013 to focus on improving the quality of public investment and ensuring inclusive growth. Political insecurity in neighboring Mali, unreliable energy supplies, and poor transportation links pose long-term challenges.

$29.31 billion (2014 est.)
$28.18 billion (2013 est.)
$26.43 billion (2012 est.)
note: data are in 2014 US dollars
country comparison to the world: 124
$12.5 billion (2014 est.)
4% (2014 est.)
6.6% (2013 est.)
6.5% (2012 est.)
$1,700 (2014 est.)
$1,600 (2013 est.)
$1,500 (2012 est.)
note: data are in 2013 US dollars
country comparison to the world: 212
household consumption: 63.2%
government consumption: 19.4%
investment in fixed capital: 23%
investment in inventories: 1.6%
exports of goods and services: 28.3%
imports of goods and services: -35.4%
(2014 est.)
agriculture: 38%
industry: 22%
services: 40% (2014 est.)
24.2% of GDP (2014 est.)
country comparison to the world: 127
-3.7% of GDP (2014 est.)

country comparison to the world: 16
$2.254 billion (2014 est.)
$2.499 billion (2013 est.)
country comparison to the world: 140
$3.117 billion (2014 est.)
$2.901 billion (2013 est.)
country comparison to the world: 148
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