[ Nominal GDP in billions of USD ]
Year -
$23.12 billions
Burkina Faso GDP expanded from 1960 to 2024, increasing from $0.33 billion to $23.12 billion.The compound annual growth rate (CAGR) averaged 6.87% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 43.45%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 23.12 Billions | $ 68.19 Int Billions |
| Growth (YoY) | 14.976% | 7.334% |
| Net Change vs Previous Year | $ 3.01 Billion | $ 4.66 Int Billion |
| % of World GDP | 0.02% | 0.03% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.33 | - | - | - | - | - |
| 1961 | 0.35 | 0.02 | 5.993 % | - | - | - |
| 1962 | 0.38 | 0.03 | 8.371 % | - | - | - |
| 1963 | 0.39 | 0.01 | 3.813 % | - | - | - |
| 1964 | 0.41 | 0.02 | 4.132 % | - | - | - |
| 1965 | 0.42 | 0.01 | 3.07 % | - | - | - |
| 1966 | 0.43 | 0.01 | 2.595 % | - | - | - |
| 1967 | 0.45 | 0.02 | 3.887 % | - | - | - |
| 1968 | 0.46 | 0.01 | 2.149 % | - | - | - |
| 1969 | 0.48 | 0.02 | 3.878 % | - | - | - |
| 1970 | 0.46 | -0.02 | -4.159 % | - | - | - |
| 1971 | 0.48 | 0.02 | 5.237 % | - | - | - |
| 1972 | 0.58 | 0.1 | 19.938 % | - | - | - |
| 1973 | 0.67 | 0.1 | 16.623 % | - | - | - |
| 1974 | 0.75 | 0.08 | 11.316 % | - | - | - |
| 1975 | 0.94 | 0.19 | 25.141 % | - | - | - |
| 1976 | 0.98 | 0.04 | 3.891 % | - | - | - |
| 1977 | 1.13 | 0.15 | 15.839 % | - | - | - |
| 1978 | 1.48 | 0.34 | 30.441 % | - | - | - |
| 1979 | 1.75 | 0.27 | 18.494 % | - | - | - |
| 1980 | 1.93 | 0.18 | 10.308 % | - | - | - |
| 1981 | 1.78 | -0.15 | -7.926 % | - | - | - |
| 1982 | 1.75 | -0.02 | -1.205 % | - | - | - |
| 1983 | 1.6 | -0.15 | -8.787 % | - | - | - |
| 1984 | 1.46 | -0.14 | -8.773 % | - | - | - |
| 1985 | 1.55 | 0.09 | 6.344 % | - | - | - |
| 1986 | 2.04 | 0.48 | 31.163 % | - | - | - |
| 1987 | 2.37 | 0.33 | 16.379 % | - | - | - |
| 1988 | 2.62 | 0.25 | 10.389 % | - | - | - |
| 1989 | 2.62 | 0 | -0.017 % | - | - | - |
| 1990 | 3.1 | 0.49 | 18.57 % | 5.19 | - | - |
| 1991 | 3.14 | 0.03 | 1.088 % | 5.86 | 0.66 | 12.759 % |
| 1992 | 3.36 | 0.22 | 7.07 % | 6 | 0.15 | 2.517 % |
| 1993 | 3.2 | -0.16 | -4.682 % | 6.36 | 0.35 | 5.914 % |
| 1994 | 1.9 | -1.3 | -40.764 % | 6.58 | 0.22 | 3.478 % |
| 1995 | 2.38 | 0.48 | 25.549 % | 7.1 | 0.52 | 7.933 % |
| 1996 | 2.59 | 0.21 | 8.701 % | 8.03 | 0.93 | 13.047 % |
| 1997 | 2.45 | -0.14 | -5.369 % | 8.68 | 0.65 | 8.15 % |
| 1998 | 2.8 | 0.36 | 14.595 % | 9.42 | 0.74 | 8.514 % |
| 1999 | 3.39 | 0.58 | 20.844 % | 10.26 | 0.84 | 8.915 % |
| 2000 | 2.97 | -0.42 | -12.426 % | 10.69 | 0.43 | 4.196 % |
| 2001 | 3.19 | 0.22 | 7.479 % | 11.65 | 0.96 | 9.014 % |
| 2002 | 3.62 | 0.43 | 13.54 % | 12.35 | 0.7 | 5.975 % |
| 2003 | 4.74 | 1.12 | 30.875 % | 13.58 | 1.23 | 9.931 % |
| 2004 | 5.45 | 0.71 | 14.996 % | 14.57 | 0.99 | 7.288 % |
| 2005 | 6.15 | 0.69 | 12.742 % | 16.33 | 1.76 | 12.069 % |
| 2006 | 6.55 | 0.4 | 6.525 % | 17.88 | 1.56 | 9.53 % |
| 2007 | 7.63 | 1.08 | 16.469 % | 19.12 | 1.24 | 6.932 % |
| 2008 | 9.45 | 1.83 | 23.942 % | 20.62 | 1.5 | 7.838 % |
| 2009 | 9.45 | 0 | -0.008 % | 21.36 | 0.74 | 3.597 % |
| 2010 | 10.11 | 0.66 | 6.972 % | 23.45 | 2.09 | 9.764 % |
| 2011 | 12.08 | 1.97 | 19.493 % | 25.52 | 2.07 | 8.822 % |
| 2012 | 12.56 | 0.48 | 3.979 % | 26.99 | 1.48 | 5.789 % |
| 2013 | 13.44 | 0.88 | 7.032 % | 29.07 | 2.08 | 7.704 % |
| 2014 | 13.94 | 0.5 | 3.709 % | 30.28 | 1.21 | 4.173 % |
| 2015 | 11.83 | -2.11 | -15.139 % | 31.76 | 1.48 | 4.883 % |
| 2016 | 12.83 | 1 | 8.462 % | 36.38 | 4.62 | 14.545 % |
| 2017 | 14.11 | 1.27 | 9.924 % | 40.63 | 4.25 | 11.678 % |
| 2018 | 15.89 | 1.78 | 12.64 % | 42.38 | 1.74 | 4.289 % |
| 2019 | 16.03 | 0.14 | 0.898 % | 46.79 | 4.42 | 10.42 % |
| 2020 | 17.73 | 1.69 | 10.555 % | 51.13 | 4.34 | 9.285 % |
| 2021 | 19.7 | 1.97 | 11.128 % | 54.69 | 3.55 | 6.952 % |
| 2022 | 18.62 | -1.08 | -5.458 % | 59.54 | 4.85 | 8.872 % |
| 2023 | 20.11 | 1.49 | 8.002 % | 63.54 | 3.99 | 6.707 % |
| 2024 | 23.12 | 3.01 | 14.976 % | 68.19 | 4.66 | 7.334 % |
Between 1960 to 2024, Burkina Faso experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 31.163%, while the largest decline was in 1994 at -40.764%.