Burkina Faso recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Burkina Faso averaged -5.80 percent from 1974 until 2018, reaching an all time high of 0.50 percent in 1984 and a record low of -13.20 percent in 2000.

Current Account to GDP in Burkina Faso is expected to be -6.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Burkina Faso Current Account to GDP is projected to trend around -6.20 percent in 2020, according to our econometric models.

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Burkina Faso Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-7.20 -7.60 0.50 -13.20 1974 - 2018 percent Yearly


Burkina Faso Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Burkina Faso Trade Last Previous Highest Lowest Unit
Balance of Trade -222.40 -265.40 58.20 -276.00 CFA Franc Billion [+]
Current Account -520.40 -462.40 -46.93 -664.60 CFA Franc Billion [+]
Current Account to GDP -7.20 -7.60 0.50 -13.20 percent [+]
Imports 665.00 580.50 665.00 14.20 CFA Franc Billion [+]
Exports 442.60 315.10 602.00 1.90 CFA Franc Billion [+]
Terms Of Trade 274.40 303.10 386.60 66.90 points [+]
Terrorism Index 5.42 4.81 5.42 0.00 [+]
External Debt 3334.80 3188.20 3334.80 569.70 EUR Million [+]