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Burkina Faso

Burkina Faso: its economy, what is open there now and who is doing business there.

Open tenders, funding calls and programmes
8Show open
Contract awards on record
5,789Awards
Companies on record
387
Deals tracked
0
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AU (suspended), ECOWAS (withdrawn), WAEMU, AfCFTA, OIC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

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
Credit RatingS&P: CCC+ (Stable), 8 May 2026Long term foreign currency, checked 6 Nov 2026
MarketBRVM (Bourse Regionale des Valeurs Mobilieres, Abidjan)

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)$311.9 MWorld Bank, 2025
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

Climate Readiness Full ranking

31out of 100
Early-stage
Climate adaptation readiness for Burkina Faso, from 5 of 5 measured indicators.
Energy access2222.0% · 30% weight
Governance readiness3737 / 100 CPI · 20% weight
Human readiness450.449 HDI · 20% weight
Economic readiness36$1,148, 2025 · 15% weight
Digital readiness2020.0% · 15% weight
This scores climate adaptation readiness (adaptive capacity), following the readiness dimension of the ND-GAIN framework, from five measured indicators scaled 0 to 100. It does not measure emissions or physical climate vulnerability. Energy access is the most climate-specific of the five; the others cover governance, the economy, human development and digital readiness. The economic sub-score is relative to the African countries we cover.
How this is computed

Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework, from measured indicators only. It is not a measure of emissions or physical climate vulnerability.

  • Energy access (30%): World Bank, access to electricity (% of population). The single most climate and energy specific signal held: SDG 7 and the clean-energy transition.
  • Governance readiness (20%): Transparency International, Corruption Perceptions Index (0-100). ND-GAIN governance readiness: the capacity to govern and deploy climate finance. Higher is cleaner.
  • Human readiness (20%): UNDP, Human Development Index (0-1). ND-GAIN social readiness: the adaptive capacity of the population.
  • Economic readiness (15%): World Bank, GDP per capita (current US$), latest measured year. ND-GAIN economic readiness: the capacity to finance adaptation. Scored relative to the covered set.
  • Digital readiness (15%): World Bank, individuals using the Internet (% of population). Information systems for early warning and adaptation.

A country is scored only when at least 4 of the five indicators are held. Sub-scores are weighted and renormalised over the indicators that are present; nothing is estimated for one that is absent.

Country Facts

CapitalOuagadougou
RegionWest Africa
CurrencyWest African CFA (XOF)
FX RegimeFixed peg to EUR via CFA franc
Stock ExchangeBRVM (Bourse Regionale des Valeurs Mobilieres, Abidjan)
Legal SystemFrench civil law
Time ZoneAfrica/Ouagadougou

Focus Sectors

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

Trade

Exports $9.46B (2024)

11.0% to other African countries

Top export partners

Switzerland
66.9%
United Arab Emirates
15.6%
Uganda
4.6%
India
1.9%
Mali
1.4%
Ghana
0.9%
Togo
0.6%
Greece
0.6%

Top export products (HS 4)

Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
87.3%
Cotton
3.7%
Nuts, edible
1.8%
Oil seeds and oleaginous fruits, n.e.c. in chapter 12
1.5%
Portland cement, aluminous cement (ciment fondu), slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers
0.8%
Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens
0.6%
Petroleum oils and oils from bituminous minerals, not crude
0.6%
Fixed vegetable or microbial fats and oils n.e.c. in chapter 15 (including jojoba oil) and their fractions, whether or not refined, but not chemically modified
0.4%
Soya beans, whether or not broken
0.3%
Tomatoes
0.2%

By HS chapter

Natural, cultured pearls 87.4%Cotton 3.8%Fruit and nuts, edible 2.4%Oil seeds and oleaginous fruits 1.9%Salt 0.8%Mineral fuels, mineral oils and products of their distillation 0.6%Machinery and mechanical appliances, boilers, nuclear reactors 0.5%Animal, vegetable or microbial fats and oils and their cleavage products 0.4%Vegetables and certain roots and tubers 0.4%Vehicles 0.3%

Imports $6.28B (2024)

32.5% from other African countries

Top import partners

China
16.2%
Russian Federation
12.0%
Ghana
9.1%
France
5.3%
India
5.0%
USA
2.5%
Belgium
2.4%

Top import products (HS 4)

Petroleum oils and oils from bituminous minerals, not crude
28.0%
Medicaments
3.0%
Electrical energy
2.8%
Portland cement, aluminous cement (ciment fondu), slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers
2.3%
Rice
2.2%
Fish
2.0%
Petroleum gases and other gaseous hydrocarbons
1.9%
Bulldozers, graders, levellers, scrapers, angledozers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers, self-propelled
1.6%
Motorcycles (including mopeds) and cycles
1.3%
Motor cars and other motor vehicles
1.3%

By HS chapter

Mineral fuels, mineral oils and products of their distillation 33.0%Machinery and mechanical appliances, boilers, nuclear reactors 8.9%Electrical machinery and equipment and parts thereof 6.7%Vehicles 6.3%Pharmaceutical products 4.0%Cereals 3.3%Salt 2.8%Iron or steel articles 2.4%Plastics and articles thereof 2.2%Fish and crustaceans, molluscs and other aquatic invertebrates 2.1%

Source: CEPII BACI (version 202601, updated 22 Jan 2026), Etalab 2.0 (licence). Goods only, HS 2022, current USD, 2024. Aggregated by allbusiness.africa.

Regulations & Taxes

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