Burkina Faso recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2018. source: Central Bank of West African States (BCEAO)

Current Account to GDP in Burkina Faso averaged -5.80 percent from 1974 until 2018, reaching an all time high of 0.50 percent in 1984 and a record low of -13.20 percent in 2000. This page provides - Burkina Faso Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Burkina Faso Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Burkina Faso is expected to reach 1.00 percent of GDP by the end of 2021, 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 0.80 percent of GDP in 2022 and -2.00 percent of GDP in 2023, according to our econometric models.

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Burkina Faso Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
1.20 -3.40 1.20 -13.20 1974 - 2020 percent of GDP Yearly

Burkina Faso Trade Last Previous Highest Lowest Unit
Balance of Trade 72.60 69.90 72.60 -276.30 CFA Franc Billion [+]
Current Account 286.90 165.30 286.90 -664.60 CFA Franc Billion [+]
Current Account to GDP 1.20 -3.40 1.20 -13.20 percent of GDP [+]
Imports 645.50 542.40 683.00 14.20 CFA Franc Billion [+]
Exports 718.10 612.30 718.10 1.90 CFA Franc Billion [+]
Terms Of Trade 433.00 517.70 517.70 66.90 points [+]
Terrorism Index 6.76 5.42 6.76 0.00 [+]
Tourist Arrivals 143331.00 144492.00 281820.00 107889.00 Persons [+]
External Debt 3745.80 3334.80 3745.80 569.70 EUR Million [+]

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.