Burkina Faso: Landlocked, cotton-based economy

3/26/2013 - Report
ic_blogtagBurkina FasoBudgetCountry RiskCurrent AccountGrowthTrade
Growth of GDP accelerated in 2012, to +6% (+4.2% in 2011 and compared with a long-term annual average of +4.4%).

Gold mining remains a key driver of economic growth (on average, international gold prices were up +6.2% in 2012, compared with 2011) but part of the positive boost in 2012 resulted from a rebound in agricultural output and, in turn, this reflected relatively good weather conditions (and an improved harvest) and also government support for the sector.

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Burkina Faso: Landlocked, cotton-based economy - Report