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Burkina Faso Real GDP

Burkina Faso's real GDP rose to $17.99 billion in 2024, up from $17.13 billion in 2023, according to World Bank. This represents an increase of 5% ($854.2 million) from the previous year and accounts for 0.02% of the world's total real GDP. Burkina Faso has real GDP lower than the global median ($17.99 billion vs median $29.34 billion). Compared with the median in Africa, Burkina Faso is higher ($17.99 billion vs regional median $17.15 billion) and ranks 25th 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 Real GDP (Billion USD)
2024 17.99
2023 17.13
2022 16.64
2021 16.4
2020 15.33
2019 15.03
2018 14.19
2017 13.31
2016 12.54
2015 11.83
2014 11.39
2013 10.91
2012 10.32
2011 9.69
2010 9.09
2009 8.38
2008 8.14
2007 7.69
2006 7.39
2005 6.95
2004 6.4
2003 6.13
2002 5.68
2001 5.45
2000 5.11
1999 5.01
1998 4.67
1997 4.35
1996 4.09
1995 3.69
1994 3.49
1993 3.44
1992 3.33
1991 3.32
1990 3.04
1989 3.06
1988 3
1987 2.83
1986 2.84
1985 2.63
1984 2.42
1983 2.47
1982 2.46
1981 2.24
1980 2.15
1979 2.14
1978 2.06
1977 1.97
1976 1.96
1975 1.81
1974 1.76
1973 1.62
1972 1.61
1971 1.58
1970 1.56
1969 1.55
1968 1.52
1967 1.48
1966 1.36
1965 1.35
1964 1.3
1963 1.27
1962 1.29
1961 1.21
1960 1.17
Burkina Faso Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Burkina Faso, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $23.25B $20.32B 2024
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