Burkina Faso

Burkina Faso is a poor, landlocked country that relies heavily on cotton and gold exports for revenue. The country has few natural resources and a weak industrial base. About 90% of the population is engaged in subsistence agriculture, which is vulnerable to periodic drought. Cotton is the main cash crop. Since 1998, Burkina Faso has embarked upon a gradual privatization of state-owned enterprises and in 2004 revised its investment code to attract foreign investment. As a result of this new code and other legislation favoring the mining sector, the country has seen an upswing in gold exploration and production. By 2010, gold had become the main source of export revenue.

$20.06 billion (2010 est.)

$19.07 billion (2009 est.)

$18.48 billion (2008 est.)

$8.672 billion (2010 est.)

5.2% (2010 est.)

3.2% (2009 est.)

5.2% (2008 est.)

$1,200 (2010 est.)

$1,200 (2009 est.)

$1,200 (2008 est.)

6.668 million

77% (2004)

46.4% (2004)

39.5 (2007)

48.2 (1994)

19.7% of GDP (2010 est.)

1.4% (2010 est.)

2.6% (2009 est.)

4.25% (31 December 2009)

4.75% (31 December 2008)

NA% (31 December 2009 est.)

NA% (31 December 2008 est.)

$1.416 billion (31 December 2010 est)

$1.303 billion (31 December 2009 est)

$2.406 billion (31 December 2010 est.)

$2.22 billion (31 December 2009 est.)

$1.373 billion (31 December 2010 est.)

$1.236 billion (31 December 2009 est.)

$NA

cotton, peanuts, shea nuts, sesame, sorghum, millet, corn, rice; livestock

cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, gold

5.5% (2010 est.)

611.6 million kWh (2007 est.)

568.8 million kWh (2007 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

0 bbl/day (2009 est.)

9,000 bbl/day (2009 est.)

0 bbl/day (2007 est.)

8,283 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (1 January 2010 est.)

-$486 million (2010 est.)

-$330 million (2009 est.)

$991 million (2010 est.)

$772 million (2009 est.)

cotton, livestock, gold

Singapore 16.76%, Belgium 12.78%, China 7.59%, Ghana 6.89%, India 6.36%, Denmark 5.76%, Niger 5.13%, Thailand 4.52% (2009)

$1.48 billion (2010 est.)

$1.186 billion (2009 est.)

capital goods, foodstuffs, petroleum

Cote d’Ivoire 24.31%, France 19.48%, Togo 6.42% (2009)

$1.588 billion (31 December 2010 est.)

$1.296 billion (31 December 2009 est.)

$2.002 billion (31 December 2010 est.)

$1.784 billion (31 December 2009 est.)

Communaute Financiere Africaine francs (XOF) per US dollar - 506.04 (2010), 472.19 (2009), 447.81 (2008), 493.51 (2007), 522.59 (2006)