Burkina Faso recorded a Current Account deficit of 5 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Burkina Faso averaged -5.47 percent of GDP from 1974 until 2023, reaching an all time high of 3.80 percent of GDP in 2020 and a record low of -13.20 percent of GDP in 2000. source: African Development Bank Group

Current Account to GDP in Burkina Faso is expected to reach -6.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Burkina Faso Current Account to GDP is projected to trend around -5.30 percent of GDP in 2025 and -4.50 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Balance of Trade 232.10 245.00 XOF Billion Jun 2024
Current Account -110.90 -90.40 XOF Billion Jun 2024
Current Account to GDP -5.00 -6.80 percent of GDP Dec 2023
Exports 816.70 838.20 XOF Billion Jun 2024
Exports by Category
Exports by Country
External Debt 4947.20 4594.00 EUR Million Dec 2021
Imports 903.80 920.90 XOF Billion Jun 2024
Imports by Category
Imports by Country
Terms of Trade 122.70 108.00 points Jun 2024
Terrorism Index 8.57 8.56 Points Dec 2023
Tourist Arrivals 106226.00 62716.00 Dec 2021

Burkina Faso Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-5.00 -6.80 3.80 -13.20 1974 - 2023 percent of GDP Yearly