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Burkina Faso

One of the poorest countries in the world, landlocked Burkina Faso 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 and the government has joined with three other cotton producing countries in the region - Mali, Niger, and Chad - to lobby in the World Trade Organization for fewer subsidies to producers in other competing countries. Since 1998, Burkina Faso has embarked upon a gradual but successful privatization of state-owned enterprises. Having revised its investment code...  More..

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Economy of Burkina Faso
SOURCE: CIA - The World Factbook
Currency West African CFA Franc
GDP (PPP) $18.79 billion (2009 est.)
GDP (per capita) $1,200 (2009 est.)
Exports $648 million (2009 est.)
Imports $1.076 billion (2009 est.)
Main Industries Cotton Lint, Beverages, Agricultural Processing, Soap, Cigarettes, Textiles, Gold
Exports - Commodities Cotton, Livestock, Gold
Imports - Commodities Capital Goods, Foodstuffs, Petroleum
Exports Partners Singapore 16.6%, Belgium 12.6%, China 11%, Thailand 8.9%, Ghana 6.8%, India 6.3%, Niger 5.1%, Denmark 4.8% (2008)
Imports Partners Cote dIvoire 26.7%, France 20%, Togo 8%, Libya 4.6% (2008)

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