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Burkina Faso GDP

Burkina Faso's GDP rose to $23.25 billion in 2024, up from $20.32 billion in 2023, according to World Bank. This represents an increase of 14.4% ($2.93 billion) from the previous year and accounts for 0.02% of the world's total GDP. Burkina Faso has GDP lower than the global median ($23.25 billion vs median $35.85 billion). Compared with the median in Africa, Burkina Faso is higher ($23.25 billion vs regional median $20.75 billion) and ranks 23rd out of 52 countries in Africa.

Burkina Faso's GDP per capita rose to $763.91 in 2024, up from $744.17 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 23.25
2023 20.32
2022 18.82
2021 19.7
2020 17.73
2019 16.03
2018 15.89
2017 14.11
2016 12.83
2015 11.83
2014 13.94
2013 13.44
2012 12.56
2011 12.08
2010 10.11
2009 9.45
2008 9.45
2007 7.63
2006 6.55
2005 6.15
2004 5.45
2003 4.74
2002 3.62
2001 3.19
2000 2.97
1999 3.39
1998 2.8
1997 2.45
1996 2.59
1995 2.38
1994 1.9
1993 3.2
1992 3.36
1991 3.14
1990 3.1
1989 2.62
1988 2.62
1987 2.37
1986 2.04
1985 1.55
1984 1.46
1983 1.6
1982 1.75
1981 1.78
1980 1.93
1979 1.75
1978 1.48
1977 1.13
1976 0.98
1975 0.94
1974 0.75
1973 0.67
1972 0.58
1971 0.48
1970 0.46
1969 0.48
1968 0.46
1967 0.45
1966 0.43
1965 0.42
1964 0.41
1963 0.39
1962 0.38
1961 0.35
1960 0.33
Burkina Faso GDP : Definition
GDP measures the total value of all goods and services produced in Burkina Faso, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 4.99% 2.96% 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