Burkina Faso is the 130 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum.

Competitiveness Rank in Burkina Faso averaged 128.45 from 2007 until 2019, reaching an all time high of 140 in 2014 and a record low of 112 in 2008. This page provides the latest reported value for - Burkina Faso Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Burkina Faso Competitiveness Rank - values, historical data and charts - was last updated on September of 2020. source: World Economic Forum

Competitiveness Rank in Burkina Faso is expected to reach 124.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Burkina Faso Competitiveness Rank is projected to trend around 124.00 in 2021, according to our econometric models.

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Burkina Faso Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
130.00 124.00 140.00 112.00 2007 - 2019 Yearly

Burkina Faso Business Last Previous Highest Lowest Unit
Industrial Production -3.30 7.00 71.20 -22.20 percent [+]
Internet Speed 1006.45 1133.26 1133.26 221.08 KBps [+]
IP Addresses 16229.00 15855.00 16229.00 3017.00 IP [+]
Mining Production -20.10 -14.20 121.00 -43.00 percent [+]
Ease of Doing Business 151.00 151.00 155.00 142.00 [+]
Corruption Index 40.00 41.00 42.00 29.00 Points [+]
Corruption Rank 85.00 78.00 105.00 65.00 [+]
Capacity Utilization 41.00 32.90 100.50 29.40 percent [+]
Changes In Inventories 7.00 20.20 46.80 -31.00 XOF Billion [+]
Competitiveness Index 43.42 43.90 43.90 3.19 Points [+]
Competitiveness Rank 130.00 124.00 140.00 112.00 [+]

Burkina Faso Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.