Burkina Faso vs Eritrea: Economic Indicators Comparison
Burkina Faso with a GDP of $14.1B ranked the 129th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Burkina Faso and Eritrea ranked 28th vs 79th and 184th vs 178th, respectively.
Gross Domestic Product & Income
| Stat |  Burkina Faso |  Eritrea |
|---|---|---|
| GDP | $14.1B | $2.6B |
| GDP growth, 1 year | 6% | 4.2% |
| GDP growth, 5-years average | 5.3% | 3.3% |
| Population | 19.2M | 3.5M |
| GDP per capita | $715 | $811 |
| GDP per capita growth | 3.81% | 7.21% |
| Purchasing Power Parity conversion factor | 200.22 | 5.93 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.36 | 0.39 |
| GDP per capita, PPP adjusted | $2k | $1.7k |
| GNI, Atlas method | $13.3B | $2.3B |
| GNI per capita | $670 | $720 |
| GNI, PPP adjusted | $38.9B | $6.7B |
| GNI per capita, PPP adjusted | $2k | $2.1k |
Financial system and Human development
| Stat | Burkina Faso | Eritrea |
|---|---|---|
| Income Tax Rate | 27.5% | 30% |
| Corporate Tax Rate | 28% | 30% |
| Inflation, consumer prices | 2% | 9% |
| Inflation, GDP deflator | 2.4% | 13.3% |
| Unemployment | 6.1% | 6.5% |
| Economic Freedom Index | 56.7 | 38.5 |
| Personal Freedom Index | 7.63 | 4.8 |
| Human Freedom Index | 6.84 | 4.8 |
| Property Rights Index | 46.9 | 32.5 |
| Judical Effectiveness Index | 42.6 | 14.3 |
| Business Freedom Index | 47.6 | 18.2 |
| Fiscal Health Index | 49.2 | 0 |
| Labor Freedom Index | 52.1 | 69.7 |
| Investment Freedom Index | 65 | 0 |
| Financial Freedom Index | 40 | 20 |
| Trade Freedom Index | 61.8 | 69.2 |
| Monetary Freedom Index | 82.4 | 61 |
| Government Spending Index | 77 | 74.7 |
| Tax Burden Index | 81.3 | 81.4 |
| Government Integrity Index | 34.1 | 21.4 |
| Corruption Perceptions Index | 41 | 24 |
| Life expectancy at birth, years | 60.8 | 65.5 |
| Suicide mortality rate, per 100,000 people | 7.7 | 7.9 |
| Mortality caused by road traffic injury, per 100,000 people | 30.5 | 25.3 |
| Intentional homicides, per 100,000 people | 1.3 | 8 |
| International tourism, number of arrivals | 144k | 142k |
Government debt & reserves
| Stat | Burkina Faso | Eritrea |
|---|---|---|
| Central government debt, % of GDP | 43% | 129.4% |
| External debt stocks, % of GNI | 23.4% | 40.8% |
| External debt stocks | $3.3B | $791.2M |
| Short-term debt, % of total reserves | N/A | 16% |
| Total debt service, % of exports and primary income | 3.5% | 4.3% |
| Adjusted net savings including particulate emission damage, % of GNI | -9% | 0.5% |
| Gross savings, % of GDP | 19.1% | 15.8% |
| Gross capital formation, % of GDP | 24.7% | 10% |
| Total reserves including gold | N/A | $114.8M |
| Foreign direct investment net inflows | $480M | $61M |
Exports, imports and economic structure
| Stat | Burkina Faso | Eritrea |
|---|---|---|
| Exports of goods and services, % of GDP | 30.8% | 14.4% |
| Imports of goods and services, % of GDP | 37.2% | 23.2% |
| Current account balance (balance of payments) | -$894.1M | -$104.7M |
| Revenue excluding grants, % of GDP | 18.9% | N/A |
| Grants excluding technical cooperation, BoP | $720.7M | $82M |
| Personal remittances received | $455.7M | $3.3M |
| Industry including construction value added, % of GDP | 19.5% | 21.8% |
| Agriculture, forestry and fishing value added, % of GDP | 28% | 14.1% |
| Charges for the use of intellectual property, payments BoP | $438k | $281k |
| Charges for the use of intellectual property, receipts BoP | $725k | $94k |
| Expense, % of GDP | 19.5% | N/A |
| Government Expenditure, % of GDP | 27.7% | 29.1% |
