Highlights 

  • After the renewed growth observed in 2016, Burkina Faso’s economy is expected to grow at an average rate above 6.0% in the medium term, in part thanks to the increase in production of cotton and gold as well as grain production.
  • First African producer of cotton, the burkinabe Government implements reforms to improve the business climate.
  • Due to the increase in expenditures for investment and wages in the civil service, the budget deficit widened in 2016 (3.9) and especially in 2017 (7.8). However, budgetary consolidation measures should bring this deficit to the level of the community standard of 3% from 2019.
  • Like most of WAEMU Member States, inflation remains contained (+ 0.4% in 2017) in connection with the increase of grain production and lowering fuel price at the pump.
  • Foreign investment in the gold sector helped the country to become the fifth largest gold producer in Africa. Companies involved in the manufacture of mining equipment, finance and investment, geophysical mapping and consultancy are best placed to take advantage of the revitalization of Burkina Faso’s mining industry.
  • The external deficit is expected to widen in connection with the rise in investment spending. This deficit is largely funded through external support and the resumption of foreign direct investment (FDI) flows especially in the mining sector.

 

2013 2014 2015 2016 2017 2018
GDP growth (%)   5.8 4.3 3.9 5.9 6.3 6.7
Inflation rate (annual average) 0.5 -0.3 0.9 -0.2 0.4 1.7
Underlying budget balance / Nominal GDP (%)* -3.6 -1.9 -2.0 -3.9 -7.8 -5.0
Investment ratio* 32.5 25.9 24.3 22.4 24.2 23.1
Current balance* -11.3 -8.1 -8.6 -7.2 -7.2 -7.0
Overall debt* 28.8 30.4 35.8 38.3 38.3 41.0

Sources : BCEAO except the debt data provided by the IMF (Regional Economic outlook report, April 2018)
* in % of GDP 

InstrumentDate of operationValue dateDeadlineAmount
(in millions of FCFA)
StatusMore
T-bills22/05/201923/05/201920/05/202020 000 UpcomingMore
SI08/05/201909/05/201925 000 CompletedMore
T-bills17/04/201918/04/201915/04/202025 000 CompletedMore
T-bills03/04/201904/04/201903/07/201925 000 CompletedMore
T-bills06/03/201907/03/201904/03/202030 000 CompletedMore
SI20/02/201921/02/201930 000 CompletedMore
T-bills06/02/201907/02/201907/08/201930 000 CompletedMore
SI23/01/201924/01/201930 000 CompletedMore
T-bills08/01/201909/01/201907/01/202025 000 CompletedMore
SI21/12/201824/12/201835 000 CompletedMore
SI13/12/201814/12/201835 000 CompletedMore
T-bills28/11/201829/11/201829/05/201930 000 CompletedMore
T-bonds14/11/201815/11/201815/11/202130 000 CompletedMore
T-bonds17/10/201818/10/201818/10/202120 000 CompletedMore
T-bills03/10/201804/10/201803/10/201925 000 CompletedMore
T-bills19/09/201820/09/201818/09/201925 000 CompletedMore
T-bonds05/09/201806/09/201806/09/202125 000 CompletedMore
T-bills20/08/201821/08/201819/08/201925 000 CompletedMore
SI08/08/201809/08/201850 000 CompletedMore
T-bills25/07/201826/07/201824/07/201925 000 CompletedMore
T-bonds11/07/201812/07/201812/07/202125 000 CompletedMore
T-bonds27/06/201828/06/201828/06/202120 000 CompletedMore
T-bills13/06/201818/07/201809/12/201825 000 CompletedMore
SI30/05/201831/05/201820 000 CanceledMore
T-bills16/05/201817/05/201818/12/201820 000 CompletedMore
T-bills02/05/201803/05/201820/02/201920 000 CompletedMore
T-bills18/04/201819/04/201817/04/201920 000 CompletedMore
T-bonds21/03/201822/03/201823/11/202025 000 CompletedMore
T-bills07/03/201808/03/201806/03/201930 000 CompletedMore
T-bills21/02/201822/02/201820/02/201925 000 CompletedMore
T-bills07/02/201808/02/201808/08/201825 000 CompletedMore
T-bonds24/01/201825/01/201825/01/202120 000 CompletedMore
T-bills09/01/201810/01/201808/01/201925 000 CompletedMore
T-bills19/12/201720/12/201718/12/201825 000 CompletedMore
T-bonds13/12/201714/12/201723/11/202035 000 CompletedMore
T-bills22/11/201723/11/201721/11/201860 000 CompletedMore
T-bonds22/11/201723/11/201723/11/202260 000 CompletedMore
T-bonds22/11/201723/11/201723/11/202060 000 CompletedMore
T-bills07/11/201708/11/201708/05/201825 000 CompletedMore
T-bonds27/10/201730/10/201730/10/202035 000 CompletedMore
T-bonds27/10/201730/10/201729/09/202235 000 CompletedMore
T-bills17/10/201718/10/201717/04/201830 000 CompletedMore
T-bonds05/10/201706/10/201729/09/202040 000 CompletedMore
T-bonds28/09/201729/09/201729/09/202050 000 CompletedMore
T-bonds28/09/201729/09/201729/09/202250 000 CompletedMore
T-bills07/09/201708/09/201708/03/201830 000 CompletedMore
T-bills07/09/201708/09/201707/12/201730 000 CompletedMore
T-bills21/07/201724/07/201722/07/201835 000 CompletedMore
T-bills21/07/201724/07/201721/01/201835 000 CompletedMore
T-bonds15/06/201716/06/201713/04/202040 000 CompletedMore
T-bills15/06/201716/06/201714/06/201840 000 CompletedMore
T-bonds18/05/201719/05/201713/04/202040 000 CompletedMore
T-bills18/05/201719/05/201716/11/201740 000 CompletedMore
T-bills12/04/201713/04/201711/04/201840 000 CompletedMore
T-bills12/04/201713/04/201711/10/201740 000 CompletedMore
T-bonds12/04/201713/04/201713/04/202040 000 CompletedMore
T-bills10/03/201717/03/201714/09/201735 000 CompletedMore
T-bills16/03/201717/03/201715/06/201735 000 CompletedMore
T-bills19/01/201720/01/201720/04/201735 000 CompletedMore
T-bills01/12/201602/12/201602/03/201740 000 CompletedMore
T-bonds10/11/201611/11/201608/04/202135 000 CompletedMore
T-bills27/10/201628/10/201625/10/201835 000 CompletedMore
T-bonds01/09/201602/09/201602/09/202350 000 CompletedMore
T-bills11/08/201612/08/201610/08/201735 000 CompletedMore
T-bills21/07/201622/07/201619/07/201840 000 CompletedMore
T-bonds16/06/201617/06/201617/06/201940 000 CompletedMore
T-bills19/05/201620/05/201617/11/201640 000 CompletedMore
T-bonds07/04/201608/04/201608/04/202140 000 CompletedMore
T-bills10/03/201611/03/201608/03/201840 000 CompletedMore
T-bills18/02/201619/02/201616/02/201735 000 CompletedMore
T-bills20/01/201621/01/201620/07/201635 000 CompletedMore
T-bonds15/12/201516/12/201516/12/202030 000 CompletedMore
T-bills20/10/201521/10/201519/04/201640 000 CompletedMore
T-bills10/09/201511/09/201510/03/201630 000 CompletedMore
T-bills06/08/201507/08/201504/02/201640 000 CompletedMore
T-bonds25/06/201526/06/201520/05/202030 000 CompletedMore
T-bonds19/05/201520/05/201520/05/202030 000 CompletedMore
T-bills16/04/201517/04/201515/10/201535 000 CompletedMore
T-bills05/03/201506/03/201503/09/201530 000 CompletedMore
T-bills20/01/201521/01/201521/04/201525 000 CompletedMore
T-bonds30/12/201431/12/201431/12/201930 000 CompletedMore
T-bills09/12/201410/12/201409/06/201530 000 CompletedMore
T-bills10/09/201411/09/201411/03/201535 000 CompletedMore
T-bills09/07/201410/07/201407/01/201530 000 CompletedMore
T-bills08/05/201409/05/201407/08/201425 000 CompletedMore