Burkina Faso GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Burkina Faso expanded 6.50 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Burkina Faso averaged 6.17 percent from 1991 until 2014, reaching an all time high of 25.70 percent in the fourth quarter of 1994 and a record low of -2.30 percent in the fourth quarter of 1999. GDP Annual Growth Rate in Burkina Faso is reported by the Central Bank of West African States (BCEAO).
||1991 - 2014
Burkina Faso is one of the poorest countries of the world. The most important sector of the economy is agriculture. In recent years, Burkina Faso’s economy has been stimulated by the expansion of the gold mining industry. Yet, economic growth falls short of its potential due to basic infrastructure, widespread corruption and unstable political environment. However, recent civil unrest led the government to make important concessions on government transparency and public investment that cast an optimistic light on future growth. This page provides - Burkina Faso GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.