Economy of Burkina Faso

Gross Domestic Product 2012

GDP (purchasing power parity): $24.03 billion (2012 est.)

GDP real growth rate: 7%

GDP per capita (PPP): $1,400

GDP composition by sector

Agriculture: 34.4%

Industry: 23.4%

Services: 42.2%

Inflation: 1.8% June 2013

Currency: West African CFA franc

Business Languages

The commercial languages include the following

  • French
  • Mòoré
  • Mandinka
  • Bambara

Transport

Burkina Faso possesses 622 kilometres of 1,000 mm gauge railway of which 517 km run from Ouagadougou to Abidjan in Côte d’Ivoire; and 105 km from Ouagadougou to Kaya. There is a total of 12,506 kilometres of highway in Burkina Faso, of which 2,001 kilometres are paved. Ouagadougou International Airport (OUA), located in capital city of Ouagadougou is the largest and the busiest airport in Burkina Faso.

Energy in Burkina Faso

Burkina Faso’s energy sources consist primarily of electricity, fuel wood, geothermal, solar and wind among others.

Challenges in Burkina Faso

  • Unemployment
  • Poverty
  • Corruption
  • Droughts and desertification
  • Overgrazing of farming animals
  • Soil degradation
  • Deforestation
  • Overpopulation
  • Lowest literacy rate 20%
  • Inadequate for domestic purposes

About The Author

John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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