The economy of Burkina Faso shrank 1.3 percent year-on-year in the first quarter of 2020, compared to an upwardly revised 4.4 percent growth in the previous period. It was the first economic contraction since comparable data began in the first quarter of 2000, mainly attributable to the Covid-19 crisis. Output fell in services (-8.5 percent vs 5.3 percent in Q4) and in the secondary sector (-8.3 percent vs 3.7 percent). On a more positive note, notable growth was recorded in primary activities (20.4 percent vs 1.7 percent). On a seasonally adjusted quarterly basis, the GDP declined 6.6 percent, after increasing 3.7 percent in the previous quarter.

GDP Annual Growth Rate in Burkina Faso averaged 5.78 percent from 1991 until 2020, reaching an all time high of 25.70 percent in the fourth quarter of 1994 and a record low of -2.30 percent in the fourth quarter of 1999. This page provides - Burkina Faso GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Burkina Faso GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020.

GDP Annual Growth Rate in Burkina Faso is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Burkina Faso to stand at 4.50 in 12 months time. In the long-term, the Burkina Faso GDP Annual Growth Rate is projected to trend around 4.70 percent in 2021 and 5.60 percent in 2022, according to our econometric models.

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Burkina Faso GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 4.40 25.70 -2.30 1991 - 2020 percent Quarterly

Burkina Faso GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.30 4.40 25.70 -2.30 percent [+]
GDP 15.75 16.20 16.20 0.33 USD Billion [+]
Gross Fixed Capital Formation 1704.80 2098.90 2098.90 244.50 XOF Billion [+]
GDP per capita 822.38 800.56 822.38 268.72 USD [+]
GDP per capita PPP 2189.60 2131.50 2189.60 1022.50 USD [+]
GDP Constant Prices 1421.10 1399.10 1421.10 450.58 CFA Franc Billion [+]
GDP From Agriculture 1120.70 1093.90 1120.70 305.80 XOF Billion [+]
GDP From Manufacturing 758.00 747.30 758.00 234.20 XOF Billion [+]
GDP From Mining 274.40 243.60 274.40 6.50 XOF Billion [+]
GDP From Public Administration 1119.50 1067.60 1119.50 211.00 XOF Billion [+]
GDP From Services 938.80 863.40 938.80 111.30 XOF Billion [+]

Burkina Faso GDP Annual Growth Rate
Burkina Faso is one of the poorest countries of the world. The most important sector of the economy is agriculture. In recent years, Burkina Faso’s economy has been stimulated by the expansion of the gold mining industry.