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Economy of Azerbaijan vs Burkina Faso compared: GDP & Debt

Updated on by Georank team

Azerbaijan has a GDP of $74.3B compared to $23.1B for Burkina Faso, ranking 84/197 and 122/197 by economy size, respectively.

Azerbaijan has $16.1B in government debt (21.7% of GDP), compared to $13.2B (57.2% of GDP) in Burkina Faso.

Azerbaijan vs Burkina Faso GDP by year

Azerbaijan
Burkina Faso
1x
Year GDP, current $
Azerbaijan Burkina Faso
2024 $74,315,882,353 $23,124,729,853
2023 $72,428,470,588 $20,112,614,449
2022 $78,807,470,588 $18,622,421,395
2021 $54,825,411,765 $19,697,516,284
2020 $42,693,000,000 $17,725,010,533
2019 $48,174,235,294 $16,032,813,503
2018 $47,112,470,052 $15,890,066,221
2017 $40,866,627,352 $14,106,955,615
2016 $37,866,996,883 $12,833,363,045
2015 $53,076,235,355 $11,832,159,316
2014 $75,239,785,452 $13,943,016,077
2013 $74,160,560,124 $13,444,300,486
2012 $69,679,944,504 $12,561,015,157
2011 $65,952,796,428 $12,080,295,978
2010 $52,909,294,792 $10,109,619,741
2009 $44,292,427,185 $9,450,696,873
2008 $48,851,293,785 $9,451,435,490
2007 $33,049,419,431 $7,625,722,837
2006 $20,981,929,498 $6,547,419,820
2005 $13,245,421,881 $6,146,353,173
2004 $8,680,405,741 $5,451,688,538
2003 $7,276,413,079 $4,740,768,143
2002 $6,236,087,738 $3,622,350,063
2001 $5,707,616,204 $3,190,371,081
2000 $5,272,615,723 $2,968,370,088
1999 $4,581,248,567 $3,389,566,713
1998 $4,446,368,571 $2,804,902,367
1997 $3,962,362,387 $2,447,669,102
1996 $3,176,507,376 $2,586,550,595
1995 $2,417,331,193 $2,379,517,975
1994 $1,193,141,110 $1,895,290,637
1993 $1,570,392,598 $3,199,536,465
1992 $444,658,672 $3,356,692,505
1991 $5,344,000,000 $3,135,045,584
1990 $8,884,848,485 $3,101,300,779
1989 - $2,615,587,734
1988 - $2,616,040,479
1987 - $2,369,834,950
1986 - $2,036,303,358
1985 - $1,552,493,196
1984 - $1,459,880,132
1983 - $1,600,278,605
1982 - $1,754,450,096
1981 - $1,775,842,334
1980 - $1,928,719,888
1979 - $1,748,480,621
1978 - $1,475,583,645
1977 - $1,131,224,878
1976 - $976,547,188
1975 - $939,972,703
1974 - $751,133,430
1973 - $674,773,570
1972 - $578,595,522
1971 - $482,411,179
1970 - $458,404,269
1969 - $478,298,645
1968 - $460,442,689
1967 - $450,753,924
1966 - $433,889,766
1965 - $422,916,790
1964 - $410,321,645
1963 - $394,040,667
1962 - $379,567,099
1961 - $350,247,234
1960 - $330,442,816

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/burkina-faso | CC BY

GDP per capita in Azerbaijan vs Burkina Faso by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Burkina Faso
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Burkina Faso
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,284 $25,089 $982 $2,896
2023 $7,133 $23,652 $873 $2,759
2022 $7,771 $22,552 $827 $2,645
2021 $5,408 $20,111 $896 $2,486
2020 $4,230 $15,164 $825 $2,381
2019 $4,806 $16,675 $765 $2,232
2018 $4,740 $15,283 $777 $2,073
2017 $4,147 $14,316 $709 $2,042
2016 $3,881 $14,536 $664 $1,882
2015 $5,501 $15,075 $630 $1,692
2014 $7,891 $17,564 $765 $1,661
2013 $7,875 $17,268 $760 $1,643
2012 $7,496 $15,994 $731 $1,572
2011 $7,190 $14,805 $725 $1,531
2010 $5,844 $14,930 $625 $1,449
2009 $4,950 $14,246 $602 $1,360
2008 $5,574 $13,217 $619 $1,351
2007 $3,851 $11,974 $515 $1,290
2006 $2,473 $9,398 $456 $1,244
2005 $1,578 $6,855 $441 $1,172
2004 $1,045 $5,248 $404 $1,079
2003 $884 $4,718 $362 $1,038
2002 $763 $4,230 $285.7 $974
2001 $704 $3,835 $259.5 $948
2000 $655 $3,439 $248.9 $896
1999 $574 $3,052 $292.8 $886
1998 $562 $2,827 $249.5 $838
1997 $506 $2,565 $223.9 $794
1996 $409 $2,407 $242.7 $753
1995 $315 $2,357 $229.1 $684
1994 $157.1 $2,648 $187.2 $650
1993 $209.5 $3,272 $324 $644
1992 $60.2 $4,220 $349 $623
1991 $735 $5,412 $334 $623
1990 $1,238 $5,343 $339 $567
1989 - - $293.2 -
1988 - - $301 -
1987 - - $280.2 -
1986 - - $247.5 -
1985 - - $194.1 -
1984 - - $187.8 -
1983 - - $211.9 -
1982 - - $239 -
1981 - - $248.7 -
1980 - - $277.6 -
1979 - - $258.5 -
1978 - - $223.9 -
1977 - - $176 -
1976 - - $155.5 -
1975 - - $152.9 -
1974 - - $124.7 -
1973 - - $114.1 -
1972 - - $99.6 -
1971 - - $84.5 -
1970 - - $81.7 -
1969 - - $86.8 -
1968 - - $85 -
1967 - - $84.6 -
1966 - - $82.8 -
1965 - - $82.1 -
1964 - - $80.9 -
1963 - - $78.9 -
1962 - - $77.2 -
1961 - - $72.2 -
1960 - - $69.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/burkina-faso | CC BY

Azerbaijan's GDP per capita is $7,284, ranking 101/197, compared to $982 in Burkina Faso, ranking 180/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Burkina Faso ranks 181st at $2,896.

Economic indicators

Azerbaijan Burkina Faso
Gross domestic product
$74.3B
2024
$23.1B
2024
GDP rank
84/197
2024
122/197
2024
GDP growth
4.07%
2023-2024
4.8%
2023-2024
GDP per capita
$7,284
2024
$982
2024
GDP per capita rank
101/197
2024
180/197
2024
GDP per capita, PPP
$25,089
2024
$2,896
2024
GDP per capita PPP rank
82/197
2024
181/197
2024
Government debt
$16.1B
2024
$13.2B
2024
Debt-to-GDP ratio
21.7%
2024
57.2%
2024
Government debt per person
$1,579
2024
$562
2024
Government debt per person rank
128/185
2024
162/185
2024
Average annual personal income after taxes
$6,324
2026
$2,710
2026
Market capitalization of domestic companies
$1.64B
2024
n/a
Income share by richest 10%
24.2%
2005
30.2%
2021
Income share by poorest 10%
4.8%
2005
3%
2021
Government expenditure, % of GDP
33.9%
2024
27.8%
2024
Consumer prices inflation
2.21%
2023-2024
4.19%
2023-2024
Central bank interest rate
7%
2025
n/a
Unemployment rate
5.65%
2022
3.44%
2024
Population
10338778
24756783

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Burkina Faso
Spending

Debt
1x
Year % of GDP
Azerbaijan Burkina Faso
Government spending Government debt Government spending Government debt
2024 33.9% 21.7% 27.8% 57.2%
2023 32.7% 21.8% 29.4% 56.8%
2022 26.2% 17.3% 32.9% 59.2%
2021 32.2% 26.3% 27.8% 55.5%
2020 40.2% 21.3% 24.4% 43.6%
2019 32.5% 17.7% 23.3% 41.7%
2018 33.2% 18.7% 24.2% 38.1%
2017 35.6% 22.5% 26.3% 33.9%
2016 35.4% 20.6% 21.6% 32.9%
2015 38.7% 18% 20.4% 31.3%
2014 36.4% 8.53% 20.9% 26.1%
2013 37.8% 6.18% 25.3% 25.9%
2012 36.6% 5.83% 22.7% 25.2%
2011 33.7% 4.97% 20.4% 24.5%
2010 32% 4.98% 21.7% 23.7%
2009 34.5% 4.73% 21.5% 25.9%
2008 31.4% 3.22% 18.6% 24.9%
2007 26.1% 4% 22.8% 22.4%
2006 25.3% 5.3% 21.9% 20.1%
2005 22.5% 6.85% 20.2% 39.2%
2004 24.2% 9.71% 20.3% 40.7%
2003 21.7% 10.7% 17.6% 39.7%
2002 23.1% 11.9% 19.5% 43.3%
2001 16.8% 13% 19.7% 46.6%
2000 18.2% 13.1% 19.8% 47.5%
1999 19.5% 25.4% 21.4% 46.4%
1998 18.7% 14.3% 19.7% 47.7%
1997 18.5% 11.4% 20% 48.4%
1996 19.8% 16.7% 19.8% 45.8%
1995 18.9% 19.2% 19.4% 48.9%
1994 14.7% 11.7% 17.8% 55.1%
1993 - - 17.9% 33.6%
1992 - - 16.7% 29.6%
1991 - - 17% 28.7%
1990 - - 18.4% 25.6%
1989 - - 14.2% 25.5%
1988 - - 16.2% 28.8%
1987 - - 19.2% 30.7%
1986 - - 16.3% 27.6%
1985 - - 11.5% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/burkina-faso | CC BY

In 2024, Azerbaijan's government spending was $25.2B, accounting for 33.9% of its GDP, while Burkina Faso spent $6.43B, or 27.8% of GDP.

Debt-to-GDP ratio is 21.7% in Azerbaijan and 57.2% in Burkina Faso, ranking 174/185 and 89/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Burkina Faso
1x
Year Deficit/surplus, % of GDP
Azerbaijan Burkina Faso
2024 4.06% -5.84%
2023 7.92% -6.91%
2022 5.96% -10.9%
2021 4.21% -7.45%
2020 -6.44% -5.16%
2019 8.95% -3.39%
2018 5.43% -4.43%
2017 -1.34% -6.92%
2016 -1.17% -3.08%
2015 -4.83% -2.09%
2014 2.74% -1.74%
2013 1.64% -3.55%
2012 3.71% -2.76%
2011 10.9% -2.04%
2010 13.8% -4.06%
2009 5.86% -4.16%
2008 17.2% -3.63%
2007 2.34% -5.01%
2006 0.66% 14.3%
2005 2.74% -4.89%
2004 1.78% -4.19%
2003 1.6% -1.79%
2002 19.4% -4.43%
2001 21.8% -3.56%
2000 0.14% -3.03%
1999 -1.03% -3.29%
1998 1.63% -2.6%
1997 -0.94% -2.64%
1996 -2.25% -1.67%
1995 -1.34% -2.65%
1994 3.21% -1.89%
1993 - -3.81%
1992 - -2.51%
1991 - -2.77%
1990 - -7.54%
1989 - 1.96%
1988 - -4.32%
1987 - -5.27%
1986 - -5.1%
1985 - -1.21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/burkina-faso | CC BY

In 2024, Azerbaijan's government surplus, the difference between spending and revenue, was $3.01B, equivalent to 4.06% of GDP. This compares to Burkina Faso's deficit of $1.35B, or 5.84% of GDP.

Over the past 31 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while Burkina Faso ran a deficit in 30 years. On average, Azerbaijan posted an annual surplus equal to 4.14% of GDP, compared to deficit of 3.4% of GDP for Burkina Faso.

Inflation comparison by year

Inflation
Azerbaijan

Burkina Faso
1x
Year Consumer prices inflation
Azerbaijan Burkina Faso
2024 2.21% 4.19%
2023 8.79% 0.74%
2022 13.9% 14.3%
2021 6.65% 3.65%
2020 2.76% 1.88%
2019 2.61% -3.23%
2018 2.27% 1.96%
2017 12.9% 1.48%
2016 12.4% 0.44%
2015 4.03% 0.72%
2014 1.37% -0.26%
2013 2.42% 0.53%
2012 1.07% 3.82%
2011 7.86% 2.76%
2010 5.73% -0.76%
2009 1.46% 2.61%
2008 20.8% 10.7%
2007 16.7% -0.23%
2006 8.33% 2.33%
2005 9.68% 6.42%
2004 6.71% -0.4%
2003 2.23% 2.03%
2002 2.77% 2.18%
2001 1.55% 5.01%
2000 1.81% -0.3%
1999 -8.53% -1.07%
1998 -0.77% 5.08%
1997 3.67% 2.32%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/burkina-faso | CC BY

Over the past 28 years, Azerbaijan has recorded an average annual inflation rate of 5.48%, compared with 2.46% in Burkina Faso. In 2024, inflation was 2.21% in Azerbaijan and 4.19% in Burkina Faso.

Top exports between countries

Azerbaijan
Export category Export value
Burkina Faso
Export category Export value
Raw materials & minerals $18K

Balance of trade

Azerbaijan Burkina Faso
Current account balance
$4.67B
2024
-$1.02B
2023
Current account balance ranking
34/190
2024
122/190
2023
Current account balance, % of GDP
+6.29%
2024
-5.06%
2023
Goods imports
$17.2B
2024
$5.38B
2023
Goods exports
$26B
2024
$5.29B
2023
Service imports
$10.2B
2024
$1.45B
2023
Service exports
$8.12B
2024
$621M
2023
Imports of goods and services, % of GDP
36.8%
2024
31.9%
2024
Exports of goods and services, % of GDP
45.9%
2024
28.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Azerbaijan Burkina Faso
Economic freedom 64.3 49.1
Economic freedom ranking 74/197 167/197
Property rights 53.3 17.6
Government integrity 23.6 40.2
Judicial effectiveness 16.5 26.1
Tax burden 87.9 80.8
Government spending 71.3 72.9
Fiscal health 99.1 13.4
Business freedom 71.2 37.8
Labor freedom 56.9 62.1
Monetary freedom 76 71.9
Trade freedom 75.8 61
Investment freedom 70 65
Financial freedom 70 40

Economic freedom comparison by year

Azerbaijan
Burkina Faso
1x
Year Economic freedom index
Azerbaijan Burkina Faso
2026 64.3 49.1
2025 62.5 51
2024 61.6 51.9
2023 61.4 56.2
2022 61.6 58.3
2021 70.1 56.5
2020 69.3 56.7
2019 65.4 59.4
2018 64.3 60
2017 63.6 59.6
2016 60.2 59.1
2015 61 58.6
2014 61.3 58.9
2013 59.7 59.9
2012 58.9 60.6
2011 59.7 60.6
2010 58.8 59.4
2009 58 59.5
2008 55.3 55.7
2007 54.6 55.1
2006 53.2 55.8
2005 54.4 56.6
2004 53.4 58
2003 54.1 58.9
2002 53.3 58.8
2001 50.3 56.7
2000 49.8 55.7
1999 47.4 55
1998 43.1 54.5
1997 34 54
1996 30 49.4

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/azerbaijan/burkina-faso | CC BY

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 49.1 for Burkina Faso, ranking 167/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan Burkina Faso
Services, % of GDP
42.3%
2024
43.9%
2024
Industry, % of GDP
42.6%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
5.66%
2024
20.9%
2024
GNI, Atlas method
$74.8B
2024
$20.1B
2024
GNI per capita, PPP
$24,220
2024
$2,720
2024
Total reserves including gold
$12.7B
2024
n/a
Total reserves ranking
72/177
2024
n/a
Net foreign direct investment
$511M
2024
-$64.3M
2023
Net inflows of foreign direct investment
$231M
2024
$82.9M
2024
Net outflows of foreign direct investment
$742M
2024
$2.73M
2024
Servicing debt to the IMF, % of GNI
5.83%
2024
4.07%
2024
Poverty at national poverty lines
6%
2012
43.2%
2021
Gross capital formation, % of GDP
21.1%
2024
21.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/azerbaijan/burkina-faso | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2021, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.