Flag of bf

Burkina Faso GDP Annual Growth Rate

Burkina Faso's GDP annual growth rate rose to 4.99% in 2024, up from 2.96% in 2023, according to World Bank. This represents an increase of 2.03% from the previous year. Burkina Faso has GDP annual growth rate higher than the global median (4.99% vs median 3.24%). Compared with the median in Africa, Burkina Faso is higher (4.99% vs regional median 3.99%) and ranks 18th out of 52 countries in Africa.

Burkina Faso's real GDP rose to $17.99 billion in 2024, up from $17.13 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 4.99%
2023 2.96%
2022 1.5%
2021 6.94%
2020 2.01%
2019 5.89%
2018 6.6%
2017 6.2%
2016 5.96%
2015 3.92%
2014 4.33%
2013 5.79%
2012 6.45%
2011 6.62%
2010 8.45%
2009 2.96%
2008 5.8%
2007 4.11%
2006 6.25%
2005 8.66%
2004 4.48%
2003 7.8%
2002 4.35%
2001 6.61%
2000 1.89%
1999 7.4%
1998 7.31%
1997 6.32%
1996 11.01%
1995 5.72%
1994 1.32%
1993 3.46%
1992 0.23%
1991 9.07%
1990 -0.6%
1989 2.15%
1988 5.8%
1987 -0.24%
1986 7.96%
1985 8.52%
1984 -1.78%
1983 0.35%
1982 9.56%
1981 4.26%
1980 0.8%
1979 3.66%
1978 4.61%
1977 0.37%
1976 8.53%
1975 3%
1974 8.29%
1973 0.45%
1972 2.31%
1971 1.41%
1970 0.12%
1969 2.03%
1968 3.07%
1967 8.82%
1966 0.54%
1965 3.76%
1964 2.28%
1963 -1.27%
1962 6.13%
1961 4.04%
Burkina Faso GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Burkina Faso's total economic output.
Indicator Last Value Prior Value Period
GDP $23.25B $20.32B 2024
GDP per Capita $763.91 $744.17 2024
GDP per Capita PPP $2,547.93 $2,482.07 2024
R&D Expenditure (% GDP) 0.25% 0.25% 2021
Real GDP $17.99B $17.13B 2024