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BURKINA FASO
Concerns about domestic stability and regional security
C3
SENSITIVE RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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| GDP | USD 17.37bn (Work ranking 117, World bank 2020) |
| Population | 20.9 mn (Work ranking 58, World bank 2020) |
| Form of state | Parliamentary republic |
| Head of state | Roch Marc Christian Kaboré (President) |
| Next elections | 2025, presidential and legislative |
- International relations are good enough to allow inward financial aid flows.
- Low transfer and exchange rate risk because of membership of the CFA franc zone.
- External debt levels and servicing obligations are comfortable following debt write-downs and reschedulings.
- Resource base, including gold and cotton.
- Regional stability is uncertain, including in neighbouring Mali.
- Landlocked country, limited natural resources, low incomes and high poverty rates.
- Over-dependence on the primary sector, particularly cotton.
- Vulnerable to exogenous factors (including climate and global commodity prices).
- Large fiscal and current account deficits.
- Aid dependent.
Trade structure by destination/origin
(% of total, 2020)
| Exports | Rank | Imports |
|---|---|---|
|
Switzerland
53.7%
|
1 |
14.7%
Côte d'Ivoire
|
|
India
19.6%
|
2 |
9.9%
China
|
|
Singapore
3.8%
|
3 |
8.4%
France
|
|
Côte d'Ivoire
3.3%
|
4 |
6.8%
Ghana
|
|
Ghana
2.8%
|
5 |
5.4%
India
|
Trade structure by product
(% of total, 2020)
| Exports | Rank | Imports |
|---|---|---|
|
Gold, non-monetary (excluding gold ores and concentrates)
71.2%
|
1 |
17.3%
Petroleum, petroleum products and related materials
|
|
Textiles fibres and their wastes
7.6%
|
2 |
7.9%
Road vehicles
|
|
Vegetables and fruits
5.4%
|
3 |
5.4%
Specialised machinery
|
|
Oil seeds and oleaginous fruits
3.6%
|
4 |
5.3%
Medicinal and pharmaceutical products
|
|
Metalliferous ores and metal scrap
3.3%
|
5 |
5.1%
Cereals and cereal preparations
|
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