Burkina Faso GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Burkina Faso expanded 8 percent in 2012 from the previous year. GDP Annual Growth Rate in Burkina Faso is reported by the Central Bank of West African States. From 1991 until 2012, Burkina Faso GDP Annual Growth Rate averaged 6.0 percent reaching an all time high of 25.7 percent in December of 1994 and a record low of -2.3 percent in December of 1999. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.00 4.20 25.70 -2.30 6.38 | 2013/12 1991 - 2012 percent Yearly

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Burkina Faso GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 10.44 2012-12-31 10.39 10.44 0.33 11.32 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 8.00 2012-12-31 4.20 25.70 -2.30 6.38 2013-12-31 percent [+]
GDP per capita 494.99 2012-12-31 462.92 494.99 188.45 520.68 2014-06-30 USD [+]
GDP per capita PPP 1303.98 2012-12-31 1219.51 1303.98 648.26 1371.66 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Burkina Faso Inflation Rate at -0.80 percent  
The inflation rate in Burkina Faso was recorded at -0.80 percent in February of 2014. Inflation Rate in Burkina Faso is reported by the Central Bank of West African States (BCEAO).
Burkina Faso Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Burkina Faso stands at 18 percent. Sales Tax Rate in Burkina Faso is reported by the General Direction of Taxes.
Burkina Faso Balance of Trade at -35.10 CFA Franc Billion  
Burkina Faso recorded a trade deficit of 35.10 CFA Franc Billion in March of 2013. Balance of Trade in Burkina Faso is reported by the INSD, Burkina Faso.
Burkina Faso Interest Rate at 3.50 percent  
The benchmark interest rate in Burkina Faso was last recorded at 3.50 percent. Interest Rate in Burkina Faso is reported by the Central Bank of West African States (BCEAO).
Burkina Faso Imports at 163.20 CFA Franc Billion  
Imports in Burkina Faso increased to 163.20 CFA Franc Billion in March of 2013 from 150.30 CFA Franc Billion in February of 2013. Imports in Burkina Faso is reported by the INSD, Burkina Faso.
Burkina Faso Exports at 128.10 CFA Franc Billion  
Exports in Burkina Faso increased to 128.10 CFA Franc Billion in March of 2013 from 94.50 CFA Franc Billion in February of 2013. Exports in Burkina Faso is reported by the INSD, Burkina Faso.
Burkina Faso Current Account at -73.70 CFA Franc Billion  
Burkina Faso recorded a Current Account deficit of 73.70 CFA Franc Billion in 2011. Current Account in Burkina Faso is reported by the INSD, Burkina Faso.
Burkina Faso Government Budget at -0.50 Percent of GDP  
Burkina Faso recorded a Government Budget deficit equal to 0.50 percent of the country's Gross Domestic Product in 2012. Government Budget in Burkina Faso is reported by the Central Bank of West African States (BCEAO).
Burkina Faso Industrial Production at -4.30 percent  
Industrial Production in Burkina Faso decreased 4.30 percent in the fourth quarter of 2012 over the same quarter in the previous year. Industrial Production in Burkina Faso is reported by the INSD, Burkina Faso.
Burkina Faso GDP per capita at 494.99 USD  
The Gross Domestic Product per capita in Burkina Faso was last recorded at 494.99 US dollars in 2012. The GDP per Capita in Burkina Faso is equivalent to 4 percent of the worlds average. GDP per capita in Burkina Faso is reported by the World Bank.
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