Burkina Faso’s real GDP contracted by 0.2% in 2020, compared with an increase of 5.7% in 2019, caused mainly by a slowdown in activity in trade, transport, tourism, and hotels, much of it the result of measures taken to contain the spread of COVID–19. The inflation rate rose to 1.4% in 2020, mainly due to higher food prices, after falling to –3.2% in 2019. An increase in public spending, combined with lower revenue, led to a deterioration in the budget deficit of 5.4% of GDP in 2020 after a deficit of 3.5% of GDP in 2019. The current account balance recorded a surplus of 1.2% of GDP in 2020 after being in a deficit of 3.4% of GDP in 2019. This performance is the result of an increase of 21% in the value of gold exports and 13% in cotton exports while the import value of petroleum products fell by 20% because of the drop in economic activity. (Download detailed Analysis Source : Report African Economic Outlook 2021 ; AfDB)
As a member of UEMOA, the Burkina Faso is a member of the Regional Securities Exchange (BRVM), which account 59 listed companies, representing, at the end of 2017, representing a market capitalization of $ 16.3 billion.
At the end of 2016, the banking sector of UEMOA represented a total asset of $ 36 billion.
Credit distributed to private sector at the end of 2017 represents $ 30 billion.
Amounts invested by private equity represents $ 103 million.