Burkina Faso

Burkina Faso

French West African CFA (XOF) French civil law
AU (suspended), ECOWAS (withdrawn), WAEMU, AfCFTA, OIC

Burkina Faso is Africa's fourth-largest gold producer, with mining operations by Endeavour Mining, IAMGOLD, and Nordgold accounting for over 70% of export revenue. The economy also depends on cotton (major producer) and livestock. A military government has been in power since September 2022, impacting international relations and development aid. Security challenges from jihadist groups affect large portions of the territory. Despite political uncertainty, the mining sector continues to attract investment.

SnapshotIndicatorsCountry FactsFocus SectorsRegulations & TaxesBusinesses (387)

Snapshot

Population~24.1 MWorld Bank, 2025
GDP (current USD)$27.6 BWorld Bank, 2025
GDP per Capita$1,148World Bank, 2025
GDP Growth5.29%World Bank, 2025
Inflation (y/y)~-0.59%World Bank, 2025
BCEAO rate3.50%Central Bank
Unemployment3.48%World Bank, ILO modelled estimate, 2025
Internet Use~28.25%World Bank, 2024
Electrification~22.00%World Bank WDI
CPI Score (Rank)37.0/100 (#100)Transparency Intl
HDI (Rank)0.449 (#184)UNDP HDR

World Bank Indicators Compare with another country

GDP (current USD)$27.6 BWorld Bank, 2025
GDP growth (annual)5.29%World Bank, 2025
GDP per capita (USD)$1,148World Bank, 2025
Population, total24.1 MWorld Bank, 2025
FDI net inflows (USD)-$202.2 MWorld Bank, 2024
Inflation (consumer prices)-0.59%World Bank, 2025
Unemployment (% labour force)3.48%World Bank, 2025
Internet use (% of people)28.25%World Bank, 2024
Trade (% of GDP)65.00%World Bank, 2025

Country Facts

CapitalOuagadougou
RegionWest Africa
CurrencyWest African CFA (XOF)
FX RegimeFixed peg to EUR via CFA franc
Legal SystemFrench civil law
Time ZoneAfrica/Ouagadougou

Focus Sectors

Gold Mining (Africa's 4th largest)
Cotton
Agriculture
Livestock
Telecoms
Construction
Energy (solar potential)

Regulations & Taxes

Corporate Income Tax27.5% standard
VAT / Sales Tax18% standard

Tenders

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Études et contrôle techniques du programme d’investissements d’urgences du chemin de fer de l’axe Abidjan Ouagadougou

Secondary cities Urban Mobility and Development Project

Recrutement d’une entreprise pour la réalisation des liaisons fibres optiques Guiba-Tenkodogo et Kaya-Yako

Projet d'Accélération de la Transition Digitale

10027986-Appui à l'autonomisation socio-économique des femmes au Burkina Faso

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH

RECRUTEMENT D’UN AUDITEUR DE PROBITE AU PROFIT DU PROJET DE SECURITE DE L’EAU AU BURKINA FASO (PSE-BF) POUR LES TRAVAUX DU BLOC 2 REALISES PAR L'ONBAH.

Coordination Unit of decentralized management Project Forestry and Woodlands Areas

Contract Awards

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l’élaboration des documents de Projets de Développement Intégré Communaux pour la REDD+ (PDIC/REDD+) au profit de quatre (04) communes d’intervention (Tenado, Kyon, Tchériba, Dédougou) du Pro

Government of Burkina Faso (World Bank-financed, project P170482)

Actualisation des études techniques d'amenagement de perimètre irrigué dans la vallée de Samendeni au profit du PReCA

Government of Burkina Faso (World Bank-financed, project P167945)

Acquisition de véhicules Pick-up double cabine et Station Wagon dans le cadre du PGPC/REDD+.

Government of Burkina Faso (World Bank-financed, project P170482)

Appui à la réalisation d’une collecte de données dans le cadre d'une évaluation formative sur les écoles primaires au Burkina Faso

Government of Burkina Faso (World Bank-financed, project P502472)