Burkina Faso's GDP changed from approximately $2B 386M in 1980 to $21B 902M in 2024, showing an overall 817.9% sharply increased during the period.
The lowest GDP was recorded in 1984 at $1B 579M, and the highest in 2024 at $21B 902M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.2%.
For comparison, the average annual growth rate of Niger was 3.9%, and that of Mali was 5.5%.
Burkina Faso GDP from 1980 to 2024
The total market value of goods and services produced annually in Burkina Faso.
Overview of Burkina Faso's GDP (1980–2024)
The Gross Domestic Product (GDP) of Burkina Faso recorded a 817.9% sharply increased from 1980 to 2024.
The average GDP during this period was $7B 653M, and the median was $3B 775M.
GDP fluctuated within a range of $20B 323M, with a standard deviation of $6B 157M.
The average annual change was $431M 140K.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $1B 579M
- Highest GDP: 2024, $21B 902M
- Most Recent GDP: 2024, $21B 902M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Burkina Faso's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $16B 30M → $17B 754M
- Outcome: sharply increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $7B 627M → $9B 440M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $2B 961M → $3B 190M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $2B 753M → $3B 155M
- Outcome: sharply increased
Key Economic Indicators of Burkina Faso (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 2B 386M | $ 338.66 | $ 363.92 | $ 2B 564M | 4.035 % | -2.042 % | 9.11 % | 0 % | 7M 45K people |
1981 | $ 2B 76M | $ 287.81 | $ 399.45 | $ 2B 881M | 2.661 % | -2.028 % | 11.88 % | 0 % | 7M 212K people |
1982 | $ 1B 934M | $ 261.62 | $ 419.67 | $ 3B 102M | 1.4 % | -4.762 % | 8.64 % | 0 % | 7M 391K people |
1983 | $ 1B 767M | $ 233.14 | $ 420.15 | $ 3B 185M | -1.2 % | -3.401 % | 6.42 % | 0 % | 7M 580K people |
1984 | $ 1B 579M | $ 203.12 | $ 431.10 | $ 3B 352M | 1.6 % | -0.219 % | 11.63 % | 0 % | 7M 776K people |
1985 | $ 1B 746M | $ 218.83 | $ 482.39 | $ 3B 849M | 11.3 % | -3.607 % | 11.72 % | -0.314 % | 7M 979K people |
1986 | $ 2B 290M | $ 279.03 | $ 516.45 | $ 4B 239M | 7.955 % | -0.788 % | 11.79 % | -4.188 % | 8M 208K people |
1987 | $ 2B 665M | $ 315.98 | $ 513.78 | $ 4B 334M | -0.236 % | -1.868 % | 9.91 % | -4.188 % | 8M 435K people |
1988 | $ 2B 942M | $ 339.60 | $ 547.87 | $ 4B 747M | 5.796 % | -1.581 % | 9.82 % | -3.289 % | 8M 664K people |
1989 | $ 2B 942M | $ 330.71 | $ 566.46 | $ 5B 39M | 2.15 % | 3.375 % | 16.30 % | 2.807 % | 8M 895K people |
1990 | $ 3B 488M | $ 381.99 | $ 569.01 | $ 5B 196M | -0.603 % | -2.206 % | 10.76 % | -6.646 % | 9M 131K people |
1991 | $ 3B 526M | $ 376.50 | $ 625.60 | $ 5B 859M | 9.07 % | -2.568 % | 10.46 % | -1.668 % | 9M 365K people |
1992 | $ 3B 775M | $ 393.32 | $ 625.74 | $ 6B 6M | 0.233 % | -0.609 % | 12.46 % | -1.371 % | 9M 599K people |
1993 | $ 3B 599M | $ 365.70 | $ 646.48 | $ 6B 361M | 3.461 % | -1.977 % | 11.55 % | -2.595 % | 9M 840K people |
1994 | $ 2B 164M | $ 214.47 | $ 652.32 | $ 6B 583M | 1.315 % | 0.7 % | 14.93 % | -0.623 % | 10M 91K people |
1995 | $ 2B 676M | $ 258.49 | $ 686.24 | $ 7B 105M | 5.716 % | -3.445 % | 11.32 % | -1.416 % | 10M 353K people |
1996 | $ 2B 909M | $ 273.89 | $ 756.21 | $ 8B 32M | 11.015 % | -7.25 % | 9.44 % | -0.894 % | 10M 621K people |
1997 | $ 2B 753M | $ 252.62 | $ 797.12 | $ 8B 686M | 6.317 % | -8.086 % | 10.10 % | -1.913 % | 10M 897K people |
1998 | $ 3B 155M | $ 281.64 | $ 841.53 | $ 9B 426M | 7.308 % | -6.605 % | 11.32 % | -1.915 % | 11M 201K people |
1999 | $ 3B 388M | $ 293.78 | $ 889.61 | $ 10B 260M | 7.333 % | -9.957 % | 7.34 % | -2.632 % | 11M 534K people |