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Economy of Burkina Faso vs East Timor compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $1.87B for East Timor, ranking 122/197 and 181/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $249M (13.3% of GDP) in East Timor.

Burkina Faso vs East Timor GDP by year

Burkina Faso
East Timor
1x
Year GDP, current $
Burkina Faso East Timor
2024 $23,124,729,853 $1,865,608,515
2023 $20,112,614,449 $2,079,767,170
2022 $18,622,421,395 $3,208,599,889
2021 $19,697,516,284 $3,625,024,341
2020 $17,725,010,533 $2,162,619,241
2019 $16,032,813,503 $2,032,550,389
2018 $15,890,066,221 $1,555,988,614
2017 $14,106,955,615 $1,584,878,440
2016 $12,833,363,045 $1,640,464,612
2015 $11,832,159,316 $1,590,282,371
2014 $13,943,016,077 $1,447,535,183
2013 $13,444,300,486 $1,395,727,421
2012 $12,561,015,157 $1,160,555,040
2011 $12,080,295,978 $1,042,534,598
2010 $10,109,619,741 $881,909,347
2009 $9,450,696,873 $726,937,836
2008 $9,451,435,490 $648,523,571
2007 $7,625,722,837 $542,795,447
2006 $6,547,419,820 $453,792,415
2005 $6,146,353,173 $462,267,954
2004 $5,451,688,538 $440,771,962
2003 $4,740,768,143 $490,439,116
2002 $3,622,350,063 $469,455,491
2001 $3,190,371,081 $477,359,253
2000 $2,968,370,088 $366,924,277
1999 $3,389,566,713 $225,357,600
1998 $2,804,902,367 $325,729,800
1997 $2,447,669,102 $319,972,700
1996 $2,586,550,595 $306,956,900
1995 $2,379,517,975 $262,819,900
1994 $1,895,290,637 $239,040,500
1993 $3,199,536,465 $216,914,400
1992 $3,356,692,505 $187,891,500
1991 $3,135,045,584 $147,713,000
1990 $3,101,300,779 $128,210,142
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/burkina-faso/east-timor | CC BY

GDP per capita in Burkina Faso vs East Timor by year

Burkina Faso
GDP per capita

GDP per capita, PPP
East Timor
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso East Timor
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $1,332 $4,423
2023 $873 $2,759 $1,502 $4,807
2022 $827 $2,645 $2,343 $5,730
2021 $896 $2,486 $2,685 $6,825
2020 $825 $2,381 $1,631 $6,132
2019 $765 $2,232 $1,562 $4,557
2018 $777 $2,073 $1,219 $3,561
2017 $709 $2,042 $1,266 $3,463
2016 $664 $1,882 $1,336 $3,391
2015 $630 $1,692 $1,320 $3,108
2014 $765 $1,661 $1,225 $2,860
2013 $760 $1,643 $1,205 $2,566
2012 $731 $1,572 $1,023 $2,386
2011 $725 $1,531 $939 $2,066
2010 $625 $1,449 $813 $1,955
2009 $602 $1,360 $687 $1,810
2008 $619 $1,351 $628 $1,675
2007 $515 $1,290 $540 $1,516
2006 $456 $1,244 $465 $1,377
2005 $441 $1,172 $487 $1,435
2004 $404 $1,079 $474 $1,379
2003 $362 $1,038 $535 $1,355
2002 $285.7 $974 $534 $1,417
2001 $259.5 $948 $588 $1,619
2000 $248.9 $896 $492 $1,483
1999 $292.8 $886 $270 $819
1998 $249.5 $838 $346 $1,108
1997 $223.9 $794 $349 $1,149
1996 $242.7 $753 $344 $1,116
1995 $229.1 $684 $303 $1,043
1994 $187.2 $650 $283.1 $985
1993 $324 $644 $264.1 $925
1992 $349 $623 $235.1 $843
1991 $334 $623 $189.8 $766
1990 $339 $567 $168.6 $685
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/burkina-faso/east-timor | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $1,332 in East Timor, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while East Timor ranks 163rd at $4,423.

Economic indicators

Burkina Faso East Timor
Gross domestic product
$23.1B
2024
$1.87B
2024
GDP rank
122/197
2024
181/197
2024
GDP growth
4.8%
2023-2024
-9.1%
2023-2024
GDP per capita
$982
2024
$1,332
2024
GDP per capita rank
180/197
2024
167/197
2024
GDP per capita, PPP
$2,896
2024
$4,423
2024
GDP per capita PPP rank
181/197
2024
163/197
2024
Government debt
$13.2B
2024
$249M
2024
Debt-to-GDP ratio
57.2%
2024
13.3%
2024
Government debt per person
$562
2024
$177.5
2024
Government debt per person rank
162/185
2024
182/185
2024
Average annual personal income after taxes
$2,710
2026
$1,440
2026
Income share by richest 10%
30.2%
2021
24%
2014
Income share by poorest 10%
3%
2021
4%
2014
Government expenditure, % of GDP
27.8%
2024
90.8%
2024
Consumer prices inflation
4.19%
2023-2024
2.1%
2023-2024
Unemployment rate
3.44%
2024
1.54%
2022
Population
24756783
1441764

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
East Timor
Spending

Debt
1x
Year % of GDP
Burkina Faso East Timor
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 90.8% 13.3%
2023 29.4% 56.8% 78.6% 12.4%
2022 32.9% 59.2% 59.9% 7.9%
2021 27.8% 55.5% 45.7% 6.53%
2020 24.4% 43.6% 61.7% 10.1%
2019 23.3% 41.7% 68.8% 9.51%
2018 24.2% 38.1% 85.5% 9.31%
2017 26.3% 33.9% 87.3% 6.71%
2016 21.6% 32.9% 112.2% 4.71%
2015 20.4% 31.3% 98.1% 2.95%
2014 20.9% 26.1% 111% 1.52%
2013 25.3% 25.9% 96.1% 0.46%
2012 22.7% 25.2% 129.3% 0.002%
2011 20.4% 24.5% 133.3% 0%
2010 21.7% 23.7% 121.3% 0%
2009 21.5% 25.9% 121.8% 0%
2008 18.6% 24.9% 122.4% 0%
2007 22.8% 22.4% 75.8% 0%
2006 21.9% 20.1% 59.8% 0%
2005 20.2% 39.2% 58.3% 0%
2004 20.3% 40.7% 74.2% 0%
2003 17.6% 39.7% 80.1% 0%
2002 19.5% 43.3% 93.5% 0%
2001 19.7% 46.6% 95.7% 0%
2000 19.8% 47.5% - -
1999 21.4% 46.4% - -
1998 19.7% 47.7% - -
1997 20% 48.4% - -
1996 19.8% 45.8% - -
1995 19.4% 48.9% - -
1994 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/burkina-faso/east-timor | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while East Timor spent $1.69B, or 90.8% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 13.3% in East Timor, ranking 89/185 and 178/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

East Timor
1x
Year Deficit/surplus, % of GDP
Burkina Faso East Timor
2024 -5.84% -43.5%
2023 -6.91% -34.7%
2022 -10.9% -29.5%
2021 -7.45% -20.1%
2020 -5.16% -18.9%
2019 -3.39% -25.4%
2018 -4.43% -26.9%
2017 -6.92% -33.8%
2016 -3.08% -55.7%
2015 -2.09% -33.2%
2014 -1.74% -37.5%
2013 -3.55% -14.4%
2012 -2.76% -38.7%
2011 -2.04% -25.4%
2010 -4.06% -19.8%
2009 -4.16% -17.2%
2008 -3.63% -18.6%
2007 -5.01% -29.9%
2006 14.3% 41%
2005 -4.89% -10.5%
2004 -4.19% -7.48%
2003 -1.79% -8.24%
2002 -4.43% -7.64%
2001 -3.56% 3.24%
2000 -3.03% -
1999 -3.29% -
1998 -2.6% -
1997 -2.64% -
1996 -1.67% -
1995 -2.65% -
1994 -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/burkina-faso/east-timor | CC BY

In 2024, Burkina Faso's government deficit, the difference between spending and revenue, was $1.35B, equivalent to 5.84% of GDP. This compares to East Timor's deficit of $812M, or 43.5% of GDP.

Over the past 24 years, Burkina Faso recorded a fiscal deficit in 23 of those years, while East Timor ran a deficit in 22 years. On average, Burkina Faso posted an annual deficit equal to 3.65% of GDP, compared to deficit of 21.4% of GDP for East Timor.

Inflation comparison by year

Inflation
Burkina Faso

East Timor
1x
Year Consumer prices inflation
Burkina Faso East Timor
2024 4.19% 2.1%
2023 0.74% 8.4%
2022 14.3% 7%
2021 3.65% 3.8%
2020 1.88% 0.5%
2019 -3.23% 0.9%
2018 1.96% 2.3%
2017 1.48% 0.5%
2016 0.44% -1.5%
2015 0.72% 0.6%
2014 -0.26% 0.8%
2013 0.53% 9.5%
2012 3.82% 10.9%
2011 2.76% 13.2%
2010 -0.76% 5.2%
2009 2.61% -0.2%
2008 10.7% 7.4%
2007 -0.23% 8.6%
2006 2.33% 5.2%
2005 6.42% 1.6%
2004 -0.4% 2.2%
2003 2.03% 8%
2002 2.18% 4.1%
2001 5.01% 3.6%
2000 -0.3% -
1999 -1.07% -
1998 5.08% -
1997 2.32% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/east-timor | CC BY

Over the past 24 years, Burkina Faso has recorded an average annual inflation rate of 2.62%, compared with 4.36% in East Timor. In 2024, inflation was 4.19% in Burkina Faso and 2.1% in East Timor.

Balance of trade

Burkina Faso East Timor
Current account balance
-$1.02B
2023
-$587M
2024
Current account balance ranking
122/190
2023
108/190
2024
Current account balance, % of GDP
-5.06%
2023
-31.5%
2024
Goods imports
$5.38B
2023
$839M
2024
Goods exports
$5.29B
2023
$196M
2024
Service imports
$1.45B
2023
$432M
2024
Service exports
$621M
2023
$82.1M
2024
Imports of goods and services, % of GDP
31.9%
2024
84.9%
2024
Exports of goods and services, % of GDP
28.6%
2024
10.6%
2024

Economic freedom indices

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

Burkina Faso East Timor
Economic freedom 49.1 47.9
Economic freedom ranking 167/197 173/197
Property rights 17.6 43.5
Government integrity 40.2 43.9
Judicial effectiveness 26.1 34.5
Tax burden 80.8 97.1
Government spending 72.9 0
Fiscal health 13.4 19.6
Business freedom 37.8 62.7
Labor freedom 62.1 56.5
Monetary freedom 71.9 72.2
Trade freedom 61 79.8
Investment freedom 65 45
Financial freedom 40 20

Economic freedom comparison by year

Burkina Faso
East Timor
1x
Year Economic freedom index
Burkina Faso East Timor
2026 49.1 47.9
2025 51 47.9
2024 51.9 50.2
2023 56.2 47.2
2022 58.3 46.3
2021 56.5 44.7
2020 56.7 45.9
2019 59.4 44.2
2018 60 48.1
2017 59.6 46.3
2016 59.1 45.8
2015 58.6 45.5
2014 58.9 43.2
2013 59.9 43.7
2012 60.6 43.3
2011 60.6 42.8
2010 59.4 45.8
2009 59.5 50.5
2008 55.7 -
2007 55.1 -
2006 55.8 -
2005 56.6 -
2004 58 -
2003 58.9 -
2002 58.8 -
2001 56.7 -
2000 55.7 -
1999 55 -
1998 54.5 -
1997 54 -
1996 49.4 -

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

GeoRank.org/economy/burkina-faso/east-timor | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 47.9 for East Timor, ranking 173/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso East Timor
Services, % of GDP
43.9%
2024
71.6%
2024
Industry, % of GDP
26.5%
2024
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
20.2%
2024
GNI, Atlas method
$20.1B
2024
$2.31B
2024
GNI per capita, PPP
$2,720
2024
$5,040
2024
Total reserves including gold n/a
$737M
2024
Total reserves ranking n/a
147/177
2024
Net foreign direct investment
-$64.3M
2023
-$211M
2024
Net inflows of foreign direct investment
$82.9M
2024
$216M
2024
Net outflows of foreign direct investment
$2.73M
2024
$4.5M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
1.23%
2024
Poverty at national poverty lines
43.2%
2021
41.8%
2014
Gross capital formation, % of GDP
21.9%
2024
30.1%
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/burkina-faso/east-timor | 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)

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.