Burkina Faso vs Cape Verde: Economic Indicators Comparison

Burkina Faso with a GDP of $14.1B ranked the 129th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Burkina Faso and Cape Verde ranked 28th vs 94th and 184th vs 125th, respectively.

Gross Domestic Product & Income

StatBurkina FasoCape Verde
GDP$14.1B$2B
GDP growth, 1 year6%4.7%
GDP growth, 5-years average5.3%3%
Population19.2M546k
GDP per capita$715$3.6k
GDP per capita growth3.81%3.87%
Purchasing Power Parity conversion factor200.2245.56
Price level ratio of PPP conversion factor GDP to market exchange rate0.360.49
GDP per capita, PPP adjusted$2k$7.3k
GNI, Atlas method$13.3B$1.9B
GNI per capita$670$3.4k
GNI, PPP adjusted$38.9B$4B
GNI per capita, PPP adjusted$2k$7.3k

Financial system and Human development

StatBurkina FasoCape Verde
Income Tax Rate27.5%50%
Corporate Tax Rate28%30%
Inflation, consumer prices2%2.2%
Inflation, GDP deflator2.4%1.5%
Unemployment6.1%12.3%
Economic Freedom Index56.763.6
Personal Freedom Index7.638.33
Human Freedom Index6.847.4
Property Rights Index46.947.5
Judical Effectiveness Index42.648
Business Freedom Index47.658.5
Fiscal Health Index49.266.2
Labor Freedom Index52.155.6
Investment Freedom Index6580
Financial Freedom Index4060
Trade Freedom Index61.868.2
Monetary Freedom Index82.483.1
Government Spending Index7771.7
Tax Burden Index81.377.7
Government Integrity Index34.146.1
Corruption Perceptions Index4157
Life expectancy at birth, years60.872.6
Suicide mortality rate, per 100,000 people7.711.3
Mortality caused by road traffic injury, per 100,000 people30.525
Intentional homicides, per 100,000 people1.311.5
International tourism, number of arrivals144k710k

Government debt & reserves

StatBurkina FasoCape Verde
Central government debt, % of GDP43%127.7%
External debt stocks, % of GNI23.4%89.3%
External debt stocks$3.3B$1.7B
Short-term debt, % of total reservesN/A0.2%
Total debt service, % of exports and primary income3.5%5.6%
Adjusted net savings including particulate emission damage, % of GNI-9%11.7%
Gross savings, % of GDP19.1%34.7%
Gross capital formation, % of GDP24.7%40.4%
Total reserves including goldN/A$606.4M
Foreign direct investment net inflows$480M$108M

Exports, imports and economic structure

StatBurkina FasoCape Verde
Exports of goods and services, % of GDP30.8%48.8%
Imports of goods and services, % of GDP37.2%68.2%
Current account balance (balance of payments)-$894.1M-$94.5M
Revenue excluding grants, % of GDP18.9%28.8%
Grants excluding technical cooperation, BoP$720.7M$42.5M
Personal remittances received$455.7M$233.5M
Industry including construction value added, % of GDP19.5%19.2%
Agriculture, forestry and fishing value added, % of GDP28%5.3%
Charges for the use of intellectual property, payments BoP$438k$11.3M
Charges for the use of intellectual property, receipts BoP$725k$47k
Expense, % of GDP19.5%28.4%
Government Expenditure, % of GDP27.7%30.7%

Compare with countries close by GDP per capita

Burkina Faso vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

Cape Verde vs

CountryGDP
per capita
Population
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M