The economy of Burkina Faso advanced 3.5 percent year-on-year in the fourth quarter of 2019, decelerating from a downwardly revised 5.9 percent growth in the previous period. Output expanded at a slower pace in services (3.7 percent vs 8.2 percent in Q3) and primary activities (1.9 percent vs 2.2 percent). Meanwhile, the secondary sector rose at the same pace (2.6 percent). In 2019, the economy grew 5.7 percent, the least since 2015, compared to 6.8 percent a year earlier.

GDP Annual Growth Rate in Burkina Faso averaged 5.78 percent from 1991 until 2019, 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 June of 2020.

GDP Annual Growth Rate in Burkina Faso is expected to be 0.80 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 3.90 in 12 months time. In the long-term, the Burkina Faso GDP Annual Growth Rate is projected to trend around 5.20 percent in 2021 and 6.50 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
3.50 5.90 25.70 -2.30 1991 - 2019 percent Quarterly

Burkina Faso GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.50 5.90 25.70 -2.30 percent [+]
GDP 13.80 14.44 14.44 0.33 USD Billion [+]
Gross Fixed Capital Formation 1704.80 2098.90 2098.90 244.50 XOF Billion [+]
GDP per capita 709.80 685.80 709.80 238.85 USD [+]
GDP per capita PPP 1755.59 1696.23 1755.59 844.34 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.