Attribute | Value |
---|---|
Geography | |
Area | 274,200 km² |
Continent | Africa |
Land area | 273,800 km² |
Water area | 400 km² |
Land boundaries | 3,611 km |
Border countries |
|
Coastline | 0 km |
Mean elevation | 297 m |
Lowest point | 200 m |
Highest point | 749 m |
People | |
Population | 20,835,401 |
Official languages |
|
Religion | Muslim |
Government | |
Long country name | Add |
Short country name | Burkina Faso |
Long local name | Add |
Short local name | Burkina Faso |
Former name |
|
Government type | Presidential republic |
Capital | Ouagadougou |
Economy | |
GDP (PPP) | 35,850,000,000 USD |
GDP (OER) | 12,570,000,000 USD |
GDP (real growth rate) | 6.4 % |
GDP - per capita (PPP) | 1,900 USD |
Gross national saving | 9.3 % of GDP |
Labor force | 8,501,000 |
Unemployment rate | 77 % |
Population below poverty line | 40.1 % |
Budget revenues | 2,666,000,000 USD |
Budget expenditures | 3,655,000,000 USD |
Military expenditures | 2.06 % of GDP |
Taxes and other revenues | 21.2 % of GDP |
Budget surplus or deficit | -7.9 % of GDP |
Public debt | 38.1 % of GDP |
Inflation rate | 0.4 % |
Central bank discount rate | 4.25 % |
Commercial bank prime lending rate | 5.3 % |
Stock of narrow money | 3,357,000,000 USD |
Stock of broad money | 3,357,000,000 USD |
Stock of domestic credit | 4,409,000,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -1,019,000,000 USD |
Exports | 3,140,000,000 USD |
Imports | 3,305,000,000 USD |
Reserves of foreign exchange and gold | 49,000,000 USD |
External debt | 3,056,000,000 USD |
National currency | Communaute Financiere Africaine francs |
National currency (code) | XOF |
National currency (symbol) | Add |
National currency rate to USD | 605.3 |
Burkina Faso (formerly Upper Volta) achieved independence from France in 1960. Repeated military coups during the 1970s and 1980s were followed by multiparty elections in the early 1990s. Former President Blaise COMPAORE (1987-2014) resigned in late October 2014 following popular protests against his efforts to amend the constitution's two-term presidential limit. An interim administration organized presidential and legislative elections - held in November 2015 - where Roch Marc Christian KABORE was elected president. The country experienced terrorist attacks in its capital in 2016, 2017, and 2018 and continues to mobilize resources to counter terrorist threats mainly in its northern and eastern regions. It experienced over 100 attacks by violent extremists in the first quarter of 2019. Growing insecurity resulted in more than 100,000 internally displaced persons and 1,300 closed schools. The Government of Burkina Faso has made numerous arrests of terrorist suspects, augmented the size of its special terrorism detachment Groupement des Forces Anti-Terroristes (GFAT) in the country’s north, and joined the newly-created G5 Sahel Joint Force to fight terrorism and criminal trafficking groups with regional neighbors Chad, Mali, Mauritania, and Niger. In 2017, the Sahara Branch of al-Qa’ida in the Islamic Maghreb, al-Murabitoun, Ansar al-Dine, and the Macina Liberation Front came together to form Jama’at Nusrat al-Islam wal-Muslimin (JNIM). JNIM and other groups like Ansarul Islam and ISIS in the Greater Sahara operate in Burkina Faso. Burkina Faso's high population growth, recurring drought, pervasive and perennial food insecurity, and limited natural resources result in poor economic prospects for the majority of its citizens.