Burkina Faso recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2018. source: Central Bank of West African States (BCEAO)

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. This page provides - Burkina Faso Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Burkina Faso Current Account to GDP - values, historical data and charts - was last updated on January of 2021.

Current Account to GDP in Burkina Faso is expected to reach -6.70 percent by the end of 2020, 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 -7.00 percent in 2021 and -6.50 percent in 2022, according to our econometric models.

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Burkina Faso Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-6.30 -5.80 0.50 -13.20 1974 - 2019 percent Yearly

Burkina Faso Trade Last Previous Highest Lowest Unit
Balance of Trade 55.80 -18.80 55.80 -276.30 CFA Franc Billion [+]
Current Account -10.80 -50.20 115.40 -664.60 CFA Franc Billion [+]
Current Account to GDP -6.30 -5.80 0.50 -13.20 percent [+]
Imports 542.60 596.40 683.00 14.20 CFA Franc Billion [+]
Exports 598.40 577.60 602.20 1.90 CFA Franc Billion [+]
Terms Of Trade 359.50 370.30 410.20 66.90 points [+]
Terrorism Index 6.76 5.42 6.76 0.00 [+]
Tourist Arrivals 143331.00 144492.00 281820.00 107889.00 Persons [+]
External Debt 2595.30 3334.80 3334.80 569.70 EUR Million [+]


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.