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AU (suspended), ECOWAS (withdrawn), WAEMU, AfCFTA, OIC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.
Snapshot Focus Sectors Regulations & Taxes Businesses (104) People (3)

Snapshot

Population~24.1 MWorld Bank WDI
GDP (current USD)$26.9 BIMF WEO
GDP per Capita$870IMF WEO
GDP Growth4.80%IMF WEO
Inflation (y/y)~3.70%Central Bank / IMF
Policy Rate (BCEAO rate)3.50%Central Bank
Unemployment5.00%ILO / National Stats
Internet Use~20.00%World Bank WDI
Electrification~22.00%World Bank WDI
CPI Score (Rank)37.0/100 (#100)Transparency Intl
HDI (Rank)0.449 (#184)UNDP HDR

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

Business Directory (104)

View All
AI

Air Burkina

Corporate

National airline since 1967

Ouagadougou
AS

ASFA-Y

Non-profit

Historic football club

Ouagadougou
AZ

Azalaï Hotel Indépendance

Corporate

Pan-African hotel chain

Ouagadougou
BA

Bank of Africa Burkina Faso

Corporate

BOA in Burkina Faso

Ouagadougou
BC

BCEAO Burkina Faso

Non-profit

Central bank branch

Ouagadougou
BI

BICIAB - Banque Internationale du Commerce

Corporate

Historic commercial bank

Ouagadougou
BR

BRAKINA - Brasseries du Burkina

Corporate

Brakina brewer since 1960

Ouagadougou
BU

Burkina Cereals Sector

Non-profit

Major cereals producer

Ouagadougou
BU

Burkina Faso Artisanal Gold

Non-profit

Artisanal mining sector

Ouagadougou
BU

Burkina Faso Cashew Sector

Non-profit

Significant cashew producer

Banfora
BU

Burkina Faso Shea Sector

Non-profit

Major shea producer

Ouagadougou
BU

Burkina Livestock Sector

Non-profit

Major livestock sector

Ouagadougou
View all 104 businesses
Data Notes: Population, GDP, and GDP per capita are latest IMF WEO / World Bank estimates. Inflation is year-over-year. Trade data from UN Comtrade/OEC (2023). Tax rates from PwC/KPMG country guides. CPI from Transparency International. HDI from UNDP Human Development Report.
Narrative last updated: April 8, 2026.