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Economy of Burkina Faso vs Ecuador compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $125B for Ecuador, ranking 122/197 and 62/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $67B (53.8% of GDP) in Ecuador.

Burkina Faso vs Ecuador GDP by year

Burkina Faso
Ecuador
1x
Year GDP, current $
Burkina Faso Ecuador
2024 $23,124,729,853 $124,676,074,700
2023 $20,112,614,449 $121,147,057,000
2022 $18,622,421,395 $116,133,121,000
2021 $19,697,516,284 $107,179,074,000
2020 $17,725,010,533 $95,865,473,000
2019 $16,032,813,503 $107,595,830,000
2018 $15,890,066,221 $107,478,961,000
2017 $14,106,955,615 $104,467,486,000
2016 $12,833,363,045 $97,671,433,000
2015 $11,832,159,316 $97,209,558,000
2014 $13,943,016,077 $102,717,794,000
2013 $13,444,300,486 $96,570,334,000
2012 $12,561,015,157 $87,735,048,000
2011 $12,080,295,978 $78,986,648,000
2010 $10,109,619,741 $68,151,329,000
2009 $9,450,696,873 $60,094,978,000
2008 $9,451,435,490 $61,139,438,000
2007 $7,625,722,837 $49,848,725,000
2006 $6,547,419,820 $45,690,762,000
2005 $6,146,353,173 $40,278,849,000
2004 $5,451,688,538 $35,194,947,000
2003 $4,740,768,143 $30,965,208,000
2002 $3,622,350,063 $27,054,197,000
2001 $3,190,371,081 $23,127,055,000
2000 $2,968,370,088 $17,539,454,727
1999 $3,389,566,713 $19,645,272,636
1998 $2,804,902,367 $27,981,896,948
1997 $2,447,669,102 $28,162,053,027
1996 $2,586,550,595 $25,226,393,197
1995 $2,379,517,975 $24,432,884,442
1994 $1,895,290,637 $22,708,673,337
1993 $3,199,536,465 $18,938,717,359
1992 $3,356,692,505 $18,094,238,119
1991 $3,135,045,584 $16,988,535,268
1990 $3,101,300,779 $15,239,272,612
1989 $2,615,587,734 $13,890,823,705
1988 $2,616,040,479 $13,051,881,851
1987 $2,369,834,950 $13,945,426,859
1986 $2,036,303,358 $15,314,138,472
1985 $1,552,493,196 $17,149,088,413
1984 $1,459,880,132 $16,912,509,092
1983 $1,600,278,605 $17,152,477,037
1982 $1,754,450,096 $19,929,846,396
1981 $1,775,842,334 $21,810,759,354
1980 $1,928,719,888 $17,881,508,242
1979 $1,748,480,621 $14,175,160,902
1978 $1,475,583,645 $11,922,497,876
1977 $1,131,224,878 $11,026,342,618
1976 $976,547,188 $9,091,921,030
1975 $939,972,703 $7,731,674,472
1974 $751,133,430 $6,599,257,044
1973 $674,773,570 $3,891,754,150
1972 $578,595,522 $3,185,986,087
1971 $482,411,179 $2,754,219,271
1970 $458,404,269 $2,862,503,139
1969 $478,298,645 $3,112,165,727
1968 $460,442,689 $2,582,179,864
1967 $450,753,924 $2,553,595,172
1966 $433,889,766 $2,429,308,639
1965 $422,916,790 $2,387,047,396
1964 $410,321,645 $2,244,146,103
1963 $394,040,667 $1,824,343,871
1962 $379,567,099 $1,518,207,703
1961 $350,247,234 $1,753,850,955
1960 $330,442,816 $2,069,464,937

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

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

GDP per capita in Burkina Faso vs Ecuador by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $6,875 $15,840
2023 $873 $2,759 $6,738 $15,919
2022 $827 $2,645 $6,516 $15,198
2021 $896 $2,486 $6,061 $13,507
2020 $825 $2,381 $5,464 $11,527
2019 $765 $2,232 $6,205 $12,543
2018 $777 $2,073 $6,304 $12,187
2017 $709 $2,042 $6,233 $11,793
2016 $664 $1,882 $5,918 $10,881
2015 $630 $1,692 $5,976 $10,878
2014 $765 $1,661 $6,406 $11,836
2013 $760 $1,643 $6,109 $11,296
2012 $731 $1,572 $5,634 $10,245
2011 $725 $1,531 $5,154 $9,769
2010 $625 $1,449 $4,520 $8,969
2009 $602 $1,360 $4,053 $8,662
2008 $619 $1,351 $4,195 $8,663
2007 $515 $1,290 $3,479 $8,112
2006 $456 $1,244 $3,244 $7,885
2005 $441 $1,172 $2,909 $7,457
2004 $404 $1,079 $2,586 $6,980
2003 $362 $1,038 $2,316 $6,475
2002 $285.7 $974 $2,059 $6,282
2001 $259.5 $948 $1,791 $5,999
2000 $248.9 $896 $1,382 $5,728
1999 $292.8 $886 $1,575 $5,638
1998 $249.5 $838 $2,284 $5,940
1997 $223.9 $794 $2,341 $5,793
1996 $242.7 $753 $2,136 $5,560
1995 $229.1 $684 $2,108 $5,469
1994 $187.2 $650 $1,997 $5,339
1993 $324 $644 $1,698 $5,112
1992 $349 $623 $1,655 $4,998
1991 $334 $623 $1,587 $4,887
1990 $339 $567 $1,455 $4,632
1989 $293.2 - $1,356 -
1988 $301 - $1,304 -
1987 $280.2 - $1,426 -
1986 $247.5 - $1,604 -
1985 $194.1 - $1,842 -
1984 $187.8 - $1,864 -
1983 $211.9 - $1,940 -
1982 $239 - $2,314 -
1981 $248.7 - $2,601 -
1980 $277.6 - $2,190 -
1979 $258.5 - $1,783 -
1978 $223.9 - $1,541 -
1977 $176 - $1,465 -
1976 $155.5 - $1,242 -
1975 $152.9 - $1,086 -
1974 $124.7 - $954 -
1973 $114.1 - $579 -
1972 $99.6 - $488 -
1971 $84.5 - $434 -
1970 $81.7 - $465 -
1969 $86.8 - $521 -
1968 $85 - $445 -
1967 $84.6 - $454 -
1966 $82.8 - $445 -
1965 $82.1 - $450 -
1964 $80.9 - $436 -
1963 $78.9 - $365 -
1962 $77.2 - $312 -
1961 $72.2 - $371 -
1960 $69.2 - $451 -

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

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

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $6,875 in Ecuador, ranking 103/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Ecuador ranks 110th at $15,840.

Economic indicators

Burkina Faso Ecuador
Gross domestic product
$23.1B
2024
$125B
2024
GDP rank
122/197
2024
62/197
2024
GDP growth
4.8%
2023-2024
-2%
2023-2024
GDP per capita
$982
2024
$6,875
2024
GDP per capita rank
180/197
2024
103/197
2024
GDP per capita, PPP
$2,896
2024
$15,840
2024
GDP per capita PPP rank
181/197
2024
110/197
2024
Government debt
$13.2B
2024
$67B
2024
Debt-to-GDP ratio
57.2%
2024
53.8%
2024
Government debt per person
$562
2024
$3,695
2024
Government debt per person rank
162/185
2024
93/185
2024
Average annual personal income after taxes
$2,710
2026
$5,894
2026
Market capitalization of domestic companies n/a
$747M
2000
Income share by richest 10%
30.2%
2021
33.4%
2024
Income share by poorest 10%
3%
2021
1.5%
2024
Government expenditure, % of GDP
27.8%
2024
38.1%
2024
Consumer prices inflation
4.19%
2023-2024
1.55%
2023-2024
Unemployment rate
3.44%
2024
3.39%
2024
Population
24756783
18487749

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Burkina Faso Ecuador
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 38.1% 53.8%
2023 29.4% 56.8% 39.5% 54.3%
2022 32.9% 59.2% 38.9% 57.2%
2021 27.8% 55.5% 37.5% 61.8%
2020 24.4% 43.6% 40.2% 63.6%
2019 23.3% 41.7% 39.8% 52.1%
2018 24.2% 38.1% 40.9% 49.5%
2017 26.3% 33.9% 40.5% 47.4%
2016 21.6% 32.9% 44.1% 46.1%
2015 20.4% 31.3% 44.1% 36.4%
2014 20.9% 26.1% 45.9% 28.2%
2013 25.3% 25.9% 46.7% 23.4%
2012 22.7% 25.2% 43.2% 19.3%
2011 20.4% 24.5% 39.6% 18.6%
2010 21.7% 23.7% 35.4% 18.4%
2009 21.5% 25.9% 34.3% 19.7%
2008 18.6% 24.9% 35.6% 24.9%
2007 22.8% 22.4% 24.7% 29.6%
2006 21.9% 20.1% 21.7% 33.1%
2005 20.2% 39.2% 22% 35.8%
2004 20.3% 40.7% 21.3% 40.2%
2003 17.6% 39.7% 21.3% 47.2%
2002 19.5% 43.3% 22.8% 55%
2001 19.7% 46.6% 21.4% 63.8%
2000 19.8% 47.5% 24.3% 92.2%
1999 21.4% 46.4% 24.1% 105.2%
1998 19.7% 47.7% 21.5% 70.3%
1997 20% 48.4% 22% 61.5%
1996 19.8% 45.8% 22.7% 69.3%
1995 19.4% 48.9% 22% 70.5%
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/ecuador | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Ecuador spent $47.5B, or 38.1% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 53.8% in Ecuador, ranking 89/185 and 98/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Ecuador
1x
Year Deficit/surplus, % of GDP
Burkina Faso Ecuador
2024 -5.84% -1.28%
2023 -6.91% -3.48%
2022 -10.9% 0.04%
2021 -7.45% -1.59%
2020 -5.16% -7.38%
2019 -3.39% -3.47%
2018 -4.43% -2.8%
2017 -6.92% -5.77%
2016 -3.08% -10.3%
2015 -2.09% -6.87%
2014 -1.74% -8.11%
2013 -3.55% -8.17%
2012 -2.76% -2.83%
2011 -2.04% -0.13%
2010 -4.06% -1.39%
2009 -4.16% -3.71%
2008 -3.63% 0.57%
2007 -5.01% 2.66%
2006 14.3% 2.92%
2005 -4.89% 0.66%
2004 -4.19% 1.94%
2003 -1.79% 1.05%
2002 -4.43% 0.74%
2001 -3.56% 0.03%
2000 -3.03% -0.32%
1999 -3.29% -4.82%
1998 -2.6% -5.1%
1997 -2.64% -2.83%
1996 -1.67% -3.44%
1995 -2.65% -2.02%
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/ecuador | 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 Ecuador's deficit of $1.59B, or 1.28% of GDP.

Over the past 30 years, Burkina Faso recorded a fiscal deficit in 29 of those years, while Ecuador ran a deficit in 21 years. On average, Burkina Faso posted an annual deficit equal to 3.45% of GDP, compared to deficit of 2.51% of GDP for Ecuador.

Inflation comparison by year

Inflation
Burkina Faso

Ecuador
1x
Year Consumer prices inflation
Burkina Faso Ecuador
2024 4.19% 1.55%
2023 0.74% 2.22%
2022 14.3% 3.47%
2021 3.65% 0.13%
2020 1.88% -0.34%
2019 -3.23% 0.27%
2018 1.96% -0.22%
2017 1.48% 0.42%
2016 0.44% 1.73%
2015 0.72% 3.97%
2014 -0.26% 3.59%
2013 0.53% 2.72%
2012 3.82% 5.1%
2011 2.76% 4.47%
2010 -0.76% 3.55%
2009 2.61% 5.16%
2008 10.7% 8.4%
2007 -0.23% 2.28%
2006 2.33% 3.3%
2005 6.42% 2.17%
2004 -0.4% 2.74%
2003 2.03% 7.93%
2002 2.18% 12.5%
2001 5.01% 37.7%
2000 -0.3% 96.1%
1999 -1.07% 52.2%
1998 5.08% 36.1%
1997 2.32% 30.7%

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

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

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 11.8% in Ecuador. In 2024, inflation was 4.19% in Burkina Faso and 1.55% in Ecuador.

Top exports between countries

Burkina Faso
Export category Export value
Raw materials & minerals $4K
Ecuador
Export category Export value
Animal & marine products $33K
Raw materials & minerals $2K

Balance of trade

Burkina Faso Ecuador
Current account balance
-$1.02B
2023
$7.06B
2024
Current account balance ranking
122/190
2023
27/190
2024
Current account balance, % of GDP
-5.06%
2023
+5.66%
2024
Goods imports
$5.38B
2023
$27.9B
2024
Goods exports
$5.29B
2023
$34.7B
2024
Service imports
$1.45B
2023
$6.18B
2024
Service exports
$621M
2023
$3.86B
2024
Imports of goods and services, % of GDP
31.9%
2024
26.9%
2024
Exports of goods and services, % of GDP
28.6%
2024
30.3%
2024

Economic freedom indices

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

Burkina Faso Ecuador
Economic freedom 49.1 55.6
Economic freedom ranking 167/197 127/197
Property rights 17.6 33.2
Government integrity 40.2 33
Judicial effectiveness 26.1 48.1
Tax burden 80.8 74.2
Government spending 72.9 54.9
Fiscal health 13.4 90.3
Business freedom 37.8 64.3
Labor freedom 62.1 56.9
Monetary freedom 71.9 76.3
Trade freedom 61 66.4
Investment freedom 65 30
Financial freedom 40 40

Economic freedom comparison by year

Burkina Faso
Ecuador
1x
Year Economic freedom index
Burkina Faso Ecuador
2026 49.1 55.6
2025 51 55.8
2024 51.9 55
2023 56.2 55
2022 58.3 54.3
2021 56.5 52.4
2020 56.7 51.3
2019 59.4 46.9
2018 60 48.5
2017 59.6 49.3
2016 59.1 48.6
2015 58.6 49.2
2014 58.9 48
2013 59.9 46.9
2012 60.6 48.3
2011 60.6 47.1
2010 59.4 49.3
2009 59.5 52.5
2008 55.7 55.2
2007 55.1 55.3
2006 55.8 54.6
2005 56.6 52.9
2004 58 54.4
2003 58.9 54.1
2002 58.8 53.1
2001 56.7 55.1
2000 55.7 59.8
1999 55 62.9
1998 54.5 62.8
1997 54 61
1996 49.4 60.1
1995 - 57.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 55.6 for Ecuador, ranking 127/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Ecuador
Services, % of GDP
43.9%
2024
57.2%
2024
Industry, % of GDP
26.5%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
9.48%
2024
GNI, Atlas method
$20.1B
2024
$117B
2024
GNI per capita, PPP
$2,720
2024
$15,410
2024
Total reserves including gold n/a
$6.91B
2024
Total reserves ranking n/a
87/177
2024
Net foreign direct investment
-$64.3M
2023
-$438M
2024
Net inflows of foreign direct investment
$82.9M
2024
$443M
2024
Net outflows of foreign direct investment
$2.73M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
7%
2024
Poverty at national poverty lines
43.2%
2021
28%
2024
Gross capital formation, % of GDP
21.9%
2024
18.5%
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/ecuador | 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 (1995–2026, 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. TradeMap (2021–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.