Highlights
- Notwithstanding the security challenges facing Burkina Faso, the country is expected an average growth rate of 6.3 % over the 2016-2018 period. This growth is due to the increase in gold production over the period and to the positive outlook in the agricultural sector, which should translate into an increase in the production of cotton as well as cereal production. In 2019, the growth rate is estimated to 5.7 % after 6.8% a year earlier. The growth rate would be 2.0% in 2020, due to negative effects of the COVID-19 pandemic on the economic activity.
- Like other Member States of the Union, the inflation remains under control in Burkina Faso. The inflation rate is expected to be at -3.2 % in 2019 against 1.9 % in 2018. The inflation rate would settle at 1.6 % in 2020.
- The primary sector accounts for almost a third of the Burkinabe economy and is a strategic sector for Burkina Faso. It employs close to 80 % of the workforce and is a source of foreign exchange for the country. In addition, the country is the leading African cotton producer. The tertiary sector remains the engine of the country’s growth with a contribution to growth estimated at 4.8 percentage points in 2019 after 3.3 points in 2018. Contributions to growth in the primary and secondary sectors were established in 2019 at the same level at 0.5 points, down 0.8 and 1.8 points respectively compared to 2018.
- Due to the increase in investment expenditure attributable to the implementation of the National Economic and Social Development Program (PNDES) and the increase in current expenditure, the budget deficit related to GDP has been above the community standard of 3.0% over the period 2016-2018. The budget deficit was contained at 3.0% of GDP in 2019 and is expected to settle at 5.0% in 2020 in line with the impact of the COVID-19 on revenue mobilization and the increase in current spending.
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
GDP growth (%) | 3.9 | 6.0 | 6.2 | 6.8 | 5.7 | 2.0 |
Inflation rate (annual average) | 0.9 | -0.2 | 2.9 | 1.9 | -3.2 | 1.6 |
Underlying budget balance / Nominal GDP (%)* | -2.2 | -3.5 | -7.8 | -4.9 | -3.0 | -5.0 |
Investment ratio* | 19.4 | 20.9 | 23.9 | 22.6 | 25.2 | 22.5 |
Current balance* | -8.6 | -7.2 | -7.3 | -4.7 | -5.5 | -3.0 |
Overall debt* | 35.6 | 39.2 | 33.5 | 37.7 | 40.0 | 43.0 |
Sources : BCEAO, February 2020. except overall debt (IMF, Regional Economic Outlook : sub-Saharan Africa, April 2020) * in % of GDP
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Instrument | Date of operation | Value date | Deadline | Amount(millions of FCFA) | More info |
---|---|---|---|---|---|
T-Bond | 03/02/2021 | 04/02/2021 | 04/02/2026 | 30 000 | More info | Upcoming |
T-Bond | 20/01/2021 | 21/01/2021 | 21/01/2024 | 30 000 | More info | Completed |
T-Bill | 06/01/2021 | 07/01/2021 | 05/01/2022 | 30 000 | More info | Completed |
T-Bill | 02/12/2020 | 03/12/2020 | 01/12/2021 | 30 000 | More info | Completed |
T-Bond SI (Security 1) | 18/11/2020 | 19/11/2020 | 19/11/2023 | 50 000 | More info | Completed |
T-Bond SI (Security 2) | 18/11/2020 | 19/11/2020 | 19/11/2025 | 50 000 | More info | Completed |
T-Bond | 04/11/2020 | 05/11/2020 | 05/11/2027 | 40 000 | More info | Completed |
T-Bond | 21/10/2020 | 22/10/2020 | 22/10/2027 | 20 000 | More info | Completed |
T-Bill | 07/10/2020 | 08/10/2020 | 06/10/2021 | 25 000 | More info | Completed |
T-Bond SI (Security 3) | 30/10/2019 | -- | -- | 20 000 | More info canceled | Completed |
T-Bond SI (Security 4) | 30/10/2019 | -- | -- | 20 000 | More info canceled | Completed |
T-Bond SI (Security 5) | 30/05/2018 | 31/05/2018 | 31/05/2021 | 20 000 | More info canceled | Completed |
T-Bond SI (Security 6) | 30/05/2018 | 31/05/2018 | 31/05/2023 | 20 000 | More info canceled | Completed |
T-Bill | 29/07/2020 | 03/08/2020 | 01/11/2020 | 50 000 | More info | Completed |
T-Bill | 16/09/2020 | 17/09/2020 | 15/09/2021 | 25 000 | More info | Completed |
T-Bond | 01/09/2020 | 02/09/2020 | 02/09/2023 | 20 000 | More info | Completed |
T-Bill | 19/08/2020 | 20/08/2020 | 18/08/2021 | 25 000 | More info | Completed |
T-Bond | 11/08/2020 | 12/08/2020 | 12/08/2023 | 25 000 | More info | Completed |
T-Bill | 15/07/2020 | 16/07/2020 | 14/07/2021 | 25 000 | More info | Completed |
T-Bond | 06/07/2020 | 07/07/2020 | 07/07/2023 | 25 000 | More info | Completed |
T-Bond | 30/12/2014 | 31/12/2014 | 31/12/2019 | 30 000 | More info | Completed |
T-Bill | 06/10/2015 | -- | -- | 40 000 | More info canceled | Completed |
T-Bill | 30/04/2020 | 04/05/2020 | 02/08/2020 | 76 000 | More info | Completed |
T-Bond SI (Security 7) | 29/06/2020 | 30/06/2020 | 13/02/2023 | 35 000 | More info | Completed |
T-Bond SI (Security 8) | 29/06/2020 | 30/06/2020 | 09/04/2025 | 35 000 | More info | Completed |
T-Bill | 17/06/2020 | 18/06/2020 | 16/12/2020 | 25 000 | More info | Completed |
T-Bill | 03/06/2020 | 04/06/2020 | 02/06/2021 | 25 000 | More info | Completed |
T-Bond | 12/02/2020 | 13/02/2020 | 13/02/2023 | 20 000 | More info | Completed |
T-Bond | 22/01/2020 | 23/01/2020 | 23/01/2023 | 20 000 | More info | Completed |
T-Bond | 04/09/2019 | 05/09/2019 | 05/09/2024 | 20 000 | More info | Completed |
T-Bond | 10/07/2019 | 11/07/2019 | 11/07/2022 | 25 000 | More info | Completed |
T-Bond | 07/06/2019 | 11/06/2019 | 09/05/2022 | 20 000 | More info | Completed |
T-Bond | 06/08/2019 | 07/08/2019 | 07/08/2022 | 20 000 | More info | Completed |
T-Bond | 14/11/2018 | 15/11/2018 | 15/11/2021 | 30 000 | More info | Completed |
T-Bond | 17/10/2018 | 18/10/2018 | 18/10/2021 | 20 000 | More info | Completed |
T-Bond | 05/09/2018 | 06/09/2018 | 06/09/2021 | 25 000 | More info | Completed |
T-Bond | 27/06/2018 | 28/06/2018 | 28/06/2021 | 20 000 | More info | Completed |
T-Bond | 21/03/2018 | 22/03/2018 | 23/11/2020 | 25 000 | More info | Completed |
T-Bond | 11/07/2018 | 12/07/2018 | 12/07/2021 | 25 000 | More info | Completed |
T-Bond | 13/12/2017 | 14/12/2017 | 23/11/2020 | 35 000 | More info | Completed |
T-Bond | 05/10/2017 | 06/10/2017 | 29/09/2020 | 40 000 | More info | Completed |
T-Bond | 24/01/2018 | 25/01/2018 | 25/01/2021 | 20 000 | More info | Completed |
T-Bond | 10/11/2016 | 11/11/2016 | 08/04/2021 | 35 000 | More info | Completed |
T-Bond | 01/09/2016 | 02/09/2016 | 02/09/2023 | 50 000 | More info | Completed |
T-Bond | 16/06/2016 | 17/06/2016 | 17/06/2019 | 40 000 | More info | Completed |
T-Bond | 07/04/2016 | 08/04/2016 | 08/04/2021 | 40 000 | More info | Completed |
T-Bond | 15/12/2015 | 16/12/2015 | 16/12/2020 | 30 000 | More info | Completed |
T-Bond | 19/05/2015 | 20/05/2015 | 20/05/2020 | 30 000 | More info | Completed |
T-Bond | 25/06/2015 | 26/06/2015 | 20/05/2020 | 30 000 | More info | Completed |
T-Bill | 12/03/2014 | 13/03/2014 | 11/06/2014 | 20 000 | More info | Completed |
T-Bill | 22/01/2014 | 23/01/2014 | 23/04/2014 | 25 000 | More info | Completed |
T-Bill | 08/05/2014 | 09/05/2014 | 07/08/2014 | 25 000 | More info | Completed |
T-Bill | 25/03/2020 | 26/03/2020 | 24/03/2021 | 25 000 | More info | Completed |
T-Bill | 26/02/2020 | 27/02/2020 | 26/08/2020 | 30 000 | More info | Completed |
T-Bill | 08/01/2020 | 09/01/2020 | 06/01/2021 | 25 000 | More info | Completed |
T-Bill | 04/12/2019 | 05/12/2019 | 02/12/2020 | 20 000 | More info | Completed |
T-Bill | 06/11/2019 | 07/11/2019 | 04/11/2020 | 10 000 | More info | Completed |
T-Bill | 01/10/2019 | 02/10/2019 | 29/09/2020 | 25 000 | More info | Completed |
T-Bill | 21/08/2019 | 22/08/2019 | 19/08/2020 | 20 000 | More info | Completed |
T-Bill | 24/07/2019 | 25/07/2019 | 22/07/2020 | 20 000 | More info | Completed |
T-Bill | 26/06/2019 | 27/06/2019 | 25/09/2019 | 25 000 | More info | Completed |
T-Bill | 22/05/2019 | 23/05/2019 | 20/05/2020 | 20 000 | More info | Completed |
T-Bill | 17/04/2019 | 18/04/2019 | 15/04/2020 | 25 000 | More info | Completed |
T-Bill | 03/04/2019 | 04/04/2019 | 03/07/2019 | 25 000 | More info | Completed |
T-Bill | 06/03/2019 | 07/03/2019 | 04/03/2020 | 30 000 | More info | Completed |
T-Bill | 06/02/2019 | 07/02/2019 | 07/08/2019 | 30 000 | More info | Completed |
T-Bill | 08/01/2019 | 09/01/2019 | 07/01/2020 | 25 000 | More info | Completed |
T-Bill | 28/11/2018 | 29/11/2018 | 29/05/2019 | 30 000 | More info | Completed |
T-Bill | 05/11/2018 | 06/11/2018 | 04/11/2019 | 25 000 | More info | Completed |
T-Bill | 03/10/2018 | 04/10/2018 | 02/10/2019 | 25 000 | More info | Completed |
T-Bill | 19/09/2018 | 21/09/2018 | 19/09/2019 | 25 000 | More info | Completed |
T-Bill | 20/08/2018 | 21/08/2018 | 19/08/2019 | 25 000 | More info | Completed |
T-Bill | 25/07/2018 | 26/07/2018 | 24/07/2019 | 25 000 | More info | Completed |
T-Bill | 13/06/2018 | 14/06/2018 | 12/09/2018 | 25 000 | More info | Completed |
T-Bill | 16/05/2018 | 17/05/2018 | 18/12/2018 | 20 000 | More info | Completed |
T-Bill | 02/05/2018 | 03/05/2018 | 20/02/2019 | 20 000 | More info | Completed |
T-Bill | 18/04/2018 | 19/04/2018 | 17/04/2019 | 20 000 | More info | Completed |
T-Bill | 07/03/2018 | 08/03/2018 | 06/03/2019 | 30 000 | More info | Completed |
T-Bill | 21/02/2018 | 22/02/2018 | 20/02/2019 | 25 000 | More info | Completed |
T-Bill | 07/02/2018 | 08/02/2018 | 08/08/2018 | 25 000 | More info | Completed |
T-Bill | 09/01/2018 | 10/01/2018 | 08/01/2019 | 25 000 | More info | Completed |
T-Bill | 19/12/2017 | 20/12/2017 | 18/12/2018 | 25 000 | More info | Completed |
T-Bill | 07/11/2017 | 08/11/2017 | 08/05/2018 | 25 000 | More info | Completed |
T-Bill | 17/10/2017 | 18/10/2017 | 17/04/2018 | 30 000 | More info | Completed |
T-Bill | 14/02/2017 | 15/02/2017 | 13/02/2018 | 35 000 | More info | Completed |
T-Bill | 19/01/2017 | 20/01/2017 | 20/04/2017 | 35 000 | More info | Completed |
T-Bill | 01/12/2016 | 02/12/2016 | 02/03/2017 | 40 000 | More info | Completed |
T-Bill | 27/10/2016 | 28/10/2016 | 25/10/2018 | 35 000 | More info | Completed |
T-Bill | 11/08/2016 | 12/08/2016 | 10/08/2017 | 35 000 | More info | Completed |
T-Bill | 21/07/2016 | 22/07/2016 | 19/07/2018 | 40 000 | More info | Completed |
T-Bill | 19/05/2016 | 20/05/2016 | 17/11/2016 | 40 000 | More info | Completed |
T-Bill | 18/02/2016 | 19/02/2016 | 16/02/2017 | 35 000 | More info | Completed |
T-Bill | 10/03/2016 | 11/03/2016 | 08/03/2018 | 40 000 | More info | Completed |
T-Bill | 20/01/2016 | 21/01/2016 | 20/07/2016 | 35 000 | More info | Completed |
T-Bill | 10/09/2015 | 11/09/2015 | 10/03/2016 | 30 000 | More info | Completed |
T-Bill | 06/08/2015 | 07/08/2015 | 04/02/2016 | 40 000 | More info | Completed |
T-Bill | 05/03/2015 | 06/03/2015 | 03/09/2015 | 30 000 | More info | Completed |
T-Bill | 16/04/2015 | 17/04/2015 | 15/10/2015 | 35 000 | More info | Completed |
T-Bill | 20/01/2015 | 21/01/2015 | 21/04/2015 | 25 000 | More info | Completed |
T-Bill | 09/12/2014 | 10/12/2014 | 09/06/2015 | 30 000 | More info | Completed |
T-Bill | 20/10/2015 | 21/10/2015 | 19/04/2016 | 40 000 | More info | Completed |
T-Bill | 10/09/2014 | 11/09/2014 | 11/03/2015 | 35 000 | More info | Completed |
T-Bill | 09/07/2014 | 10/07/2014 | 07/01/2015 | 30 000 | More info | Completed |
T-Bill SI (Security 9) | 20/05/2020 | 22/05/2020 | 20/05/2021 | 35 000 | More info | Completed |
T-Bond SI (Security 10) | 20/05/2020 | 22/05/2020 | 22/05/2023 | 35 000 | More info | Completed |
T-Bill SI (Security 11) | 16/04/2020 | 17/04/2020 | 15/04/2021 | 35 000 | More info | Completed |
T-Bond SI (Security 12) | 16/04/2020 | 17/04/2020 | 17/04/2025 | 35 000 | More info | Completed |
T-Bill SI (Security 13) | 08/04/2020 | 09/04/2020 | 08/07/2020 | 30 000 | More info | Completed |
T-Bond SI (Security 14) | 08/04/2020 | 09/04/2020 | 09/04/2025 | 30 000 | More info | Completed |
T-Bond SI (Security 15) | 08/05/2019 | 09/05/2019 | 09/05/2022 | 25 000 | More info | Completed |
T-Bond SI (Security 16) | 08/05/2019 | 09/05/2019 | 09/05/2024 | 25 000 | More info | Completed |
T-Bill SI (Security 17) | 20/02/2019 | 21/02/2019 | 19/02/2020 | 30 000 | More info | Completed |
T-Bond SI (Security 18) | 20/02/2019 | 21/02/2019 | 21/02/2022 | 30 000 | More info | Completed |
T-Bill SI (Security 19) | 23/01/2019 | 24/01/2019 | 22/01/2020 | 30 000 | More info | Completed |
T-Bond SI (Security 20) | 23/01/2019 | 24/01/2019 | 24/01/2022 | 30 000 | More info | Completed |
T-Bill SI (Security 21) | 21/12/2018 | 24/12/2018 | 24/03/2019 | 35 000 | More info | Completed |
T-Bond SI (Security 22) | 21/12/2018 | 24/12/2018 | 14/12/2021 | 35 000 | More info | Completed |
T-Bill SI (Security 23) | 13/12/2018 | 14/12/2018 | 12/12/2019 | 35 000 | More info | Completed |
T-Bond SI (Security 24) | 13/12/2018 | 14/12/2018 | 14/12/2021 | 35 000 | More info | Completed |
T-Bond SI (Security 25) | 08/08/2018 | 09/08/2018 | 09/08/2021 | 50 000 | More info | Completed |
T-Bond SI (Security 26) | 08/08/2018 | 09/08/2018 | 09/08/2023 | 50 000 | More info | Completed |
T-Bond SI (Security 27) | 27/10/2017 | 30/10/2017 | 30/10/2020 | 35 000 | More info | Completed |
T-Bond SI (Security 28) | 27/10/2017 | 30/10/2017 | 29/09/2022 | 35 000 | More info | Completed |
T-Bill SI (Security 29) | 22/11/2017 | 23/11/2017 | 21/11/2018 | 60 000 | More info | Completed |
T-Bond SI (Security 30) | 22/11/2017 | 23/11/2017 | 23/11/2020 | 60 000 | More info | Completed |
T-Bond SI (Security 31) | 22/11/2017 | 23/11/2017 | 23/11/2022 | 60 000 | More info | Completed |
T-Bill SI (Security 32) | 07/09/2017 | 08/09/2017 | 07/12/2017 | 30 000 | More info | Completed |
T-Bill SI (Security 33) | 07/09/2017 | 08/09/2017 | 08/03/2018 | 30 000 | More info | Completed |
T-Bond SI (Security 34) | 28/09/2017 | 29/09/2017 | 29/09/2020 | 50 000 | More info | Completed |
T-Bond SI (Security 35) | 28/09/2017 | 29/09/2017 | 29/09/2022 | 50 000 | More info | Completed |
T-Bill SI (Security 36) | 21/07/2017 | 24/07/2017 | 21/01/2018 | 35 000 | More info | Completed |
T-Bill SI (Security 37) | 21/07/2017 | 24/07/2017 | 22/07/2018 | 35 000 | More info | Completed |
T-Bill SI (Security 38) | 15/06/2017 | 16/06/2017 | 14/06/2018 | 40 000 | More info | Completed |
T-Bond SI (Security 39) | 15/06/2017 | 16/06/2017 | 13/04/2020 | 40 000 | More info | Completed |
T-Bill SI (Security 40) | 18/05/2017 | 19/05/2017 | 16/11/2017 | 40 000 | More info | Completed |
T-Bond SI (Security 41) | 18/05/2017 | 19/05/2017 | 13/04/2020 | 40 000 | More info | Completed |
T-Bill SI (Security 42) | 12/04/2017 | 13/04/2017 | 11/10/2017 | 40 000 | More info | Completed |
T-Bill SI (Security 43) | 12/04/2017 | 13/04/2017 | 11/04/2018 | 40 000 | More info | Completed |
T-Bond SI (Security 44) | 12/04/2017 | 13/04/2017 | 13/04/2020 | 40 000 | More info | Completed |
T-Bill SI (Security 45) | 16/03/2017 | 17/03/2017 | 15/06/2017 | 35 000 | More info | Completed |
T-Bill SI (Security 46) | 16/03/2017 | 17/03/2017 | 14/09/2017 | 35 000 | More info | Completed |
News
AVIS D’APPEL D’OFFRES POUR LA SÉLECTION D’UN CONSULTANT OU D’UN CABINET CHARGE DE LA CONCEPTION DE PARCOURS MÉTIERS ET DES MODULES DE CERTIFICATION FINANCIÈRE CISI DANS LA ZONE UEMOAAgence UMOA-Titres WAEMU Sponsor at Bonds, Loans & Sukuk Africa 2020Bonds, Loans and Sukuk Africa 2020: Agence UMOA-Titres is co-hosting a roundtable dedicated to the WAEMU Government Securities MarketAgence UMOA-Titres : as the silver sponsor at the 9th annual Bonds, Loans & Sukuk Africa 2020Moody’s assigns B3 first-time issuer rating to the Government of the Republic of Mali with a stable outlook