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%.
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.
Burkina Faso GDP from 1980 to 2024
The total market value of goods and services produced annually in Burkina Faso.
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 |