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Economy of Burkina Faso vs Estonia compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $43.1B for Estonia, ranking 122/197 and 100/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $10.1B (23.4% of GDP) in Estonia.

Burkina Faso vs Estonia GDP by year

Burkina Faso
Estonia
1x
Year GDP, current $
Burkina Faso Estonia
2024 $23,124,729,853 $43,130,419,829
2023 $20,112,614,449 $41,470,344,395
2022 $18,622,421,395 $38,226,641,740
2021 $19,697,516,284 $37,201,101,171
2020 $17,725,010,533 $31,820,771,494
2019 $16,032,813,503 $31,873,748,770
2018 $15,890,066,221 $31,222,632,741
2017 $14,106,955,615 $27,469,461,919
2016 $12,833,363,045 $24,561,027,788
2015 $11,832,159,316 $23,311,847,751
2014 $13,943,016,077 $27,055,689,003
2013 $13,444,300,486 $25,451,032,781
2012 $12,561,015,157 $23,237,406,116
2011 $12,080,295,978 $23,303,915,795
2010 $10,109,619,741 $19,524,355,419
2009 $9,450,696,873 $19,633,984,440
2008 $9,451,435,490 $24,342,935,404
2007 $7,625,722,837 $22,450,264,166
2006 $6,547,419,820 $17,025,671,810
2005 $6,146,353,173 $14,109,491,357
2004 $5,451,688,538 $12,148,595,031
2003 $4,740,768,143 $9,876,595,528
2002 $3,622,350,063 $7,370,119,619
2001 $3,190,371,081 $6,250,218,423
2000 $2,968,370,088 $5,686,579,748
1999 $3,389,566,713 $5,756,912,266
1998 $2,804,902,367 $5,674,080,543
1997 $2,447,669,102 $5,154,420,649
1996 $2,586,550,595 $4,786,018,988
1995 $2,379,517,975 $4,502,970,889
1994 $1,895,290,637 $4,123,011,420
1993 $3,199,536,465 $4,013,091,682
1992 $3,356,692,505 -
1991 $3,135,045,584 -
1990 $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/burkina-faso/estonia | CC BY

GDP per capita in Burkina Faso vs Estonia by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $31,428 $49,969
2023 $873 $2,759 $30,264 $48,637
2022 $827 $2,645 $28,340 $48,218
2021 $896 $2,486 $27,951 $44,252
2020 $825 $2,381 $23,934 $40,672
2019 $765 $2,232 $24,021 $40,586
2018 $777 $2,073 $23,618 $37,121
2017 $709 $2,042 $20,852 $34,507
2016 $664 $1,882 $18,666 $31,948
2015 $630 $1,692 $17,722 $29,713
2014 $765 $1,661 $20,582 $29,404
2013 $760 $1,643 $19,310 $27,831
2012 $731 $1,572 $17,568 $26,243
2011 $725 $1,531 $17,556 $24,652
2010 $625 $1,449 $14,664 $21,614
2009 $602 $1,360 $14,712 $20,489
2008 $619 $1,351 $18,206 $22,804
2007 $515 $1,290 $16,745 $22,201
2006 $456 $1,244 $12,641 $19,344
2005 $441 $1,172 $10,415 $16,638
2004 $404 $1,079 $8,916 $14,538
2003 $362 $1,038 $7,205 $13,135
2002 $285.7 $974 $5,343 $11,667
2001 $259.5 $948 $4,503 $10,309
2000 $248.9 $896 $4,071 $9,425
1999 $292.8 $886 $4,141 $8,412
1998 $249.5 $838 $4,093 $8,451
1997 $223.9 $794 $3,683 $7,980
1996 $242.7 $753 $3,381 $6,892
1995 $229.1 $684 $3,134 $6,480
1994 $187.2 $650 $2,819 $5,967
1993 $324 $644 $2,686 $5,814
1992 $349 $623 - $5,872
1991 $334 $623 - $7,151
1990 $339 $567 - $7,481
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/estonia | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $31,428 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Estonia ranks 45th at $49,969.

Economic indicators

Burkina Faso Estonia
Gross domestic product
$23.1B
2024
$43.1B
2024
GDP rank
122/197
2024
100/197
2024
GDP growth
4.8%
2023-2024
-0.09%
2023-2024
GDP per capita
$982
2024
$31,428
2024
GDP per capita rank
180/197
2024
40/197
2024
GDP per capita, PPP
$2,896
2024
$49,969
2024
GDP per capita PPP rank
181/197
2024
45/197
2024
Government debt
$13.2B
2024
$10.1B
2024
Debt-to-GDP ratio
57.2%
2024
23.4%
2024
Government debt per person
$562
2024
$7,356
2024
Government debt per person rank
162/185
2024
65/185
2024
Average annual personal income after taxes
$2,710
2026
$23,740
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
30.2%
2021
23.7%
2023
Income share by poorest 10%
3%
2021
3.1%
2023
Government expenditure, % of GDP
27.8%
2024
43.6%
2024
Consumer prices inflation
4.19%
2023-2024
3.52%
2023-2024
Unemployment rate
3.44%
2024
7.5%
2024
Population
24756783
1339590

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Burkina Faso Estonia
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 43.6% 23.4%
2023 29.4% 56.8% 43.5% 20.1%
2022 32.9% 59.2% 40.1% 19.2%
2021 27.8% 55.5% 42.1% 18.4%
2020 24.4% 43.6% 44.7% 19.1%
2019 23.3% 41.7% 39.1% 9.05%
2018 24.2% 38.1% 38.8% 8.51%
2017 26.3% 33.9% 38.9% 9.43%
2016 21.6% 32.9% 38.9% 10.2%
2015 20.4% 31.3% 39.3% 10.8%
2014 20.9% 26.1% 37.6% 11.6%
2013 25.3% 25.9% 38.3% 11.4%
2012 22.7% 25.2% 39.4% 11.1%
2011 20.4% 24.5% 37.6% 7.6%
2010 21.7% 23.7% 40.7% 7.99%
2009 21.5% 25.9% 46.1% 7.98%
2008 18.6% 24.9% 39.5% 4.67%
2007 22.8% 22.4% 33.8% 3.91%
2006 21.9% 20.1% 33.5% 4.72%
2005 20.2% 39.2% 33.7% 4.73%
2004 20.3% 40.7% 34.1% 5.16%
2003 17.6% 39.7% 35% 5.6%
2002 19.5% 43.3% 35.9% 5.66%
2001 19.7% 46.6% 35.3% 4.93%
2000 19.8% 47.5% 36.4% 5.11%
1999 21.4% 46.4% 40.7% 5.93%
1998 19.7% 47.7% 38.9% 5.4%
1997 20% 48.4% 35.8% 6.03%
1996 19.8% 45.8% 38.6% 7.3%
1995 19.4% 48.9% 39.5% 8.66%
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/estonia | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Estonia spent $18.8B, or 43.6% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 23.4% in Estonia, ranking 89/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Estonia
1x
Year Deficit/surplus, % of GDP
Burkina Faso Estonia
2024 -5.84% -1.51%
2023 -6.91% -3.13%
2022 -10.9% -1.08%
2021 -7.45% -2.57%
2020 -5.16% -5.42%
2019 -3.39% -0.11%
2018 -4.43% -1.15%
2017 -6.92% -1.07%
2016 -3.08% -0.62%
2015 -2.09% -0.24%
2014 -1.74% 0.42%
2013 -3.55% -0.66%
2012 -2.76% -0.86%
2011 -2.04% 0.09%
2010 -4.06% -1.09%
2009 -4.16% -3.43%
2008 -3.63% -2.92%
2007 -5.01% 2.5%
2006 14.3% 2.71%
2005 -4.89% 1.07%
2004 -4.19% 2.29%
2003 -1.79% 1.67%
2002 -4.43% 0.29%
2001 -3.56% 0.4%
2000 -3.03% -0.11%
1999 -3.29% -3.42%
1998 -2.6% 0.65%
1997 -2.64% 2.98%
1996 -1.67% -0.93%
1995 -2.65% -0.26%
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/estonia | 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 Estonia's deficit of $651M, or 1.51% of GDP.

Over the past 30 years, Burkina Faso recorded a fiscal deficit in 29 of those years, while Estonia ran a deficit in 19 years. On average, Burkina Faso posted an annual deficit equal to 3.45% of GDP, compared to deficit of 0.52% of GDP for Estonia.

Inflation comparison by year

Inflation
Burkina Faso

Estonia
1x
Year Consumer prices inflation
Burkina Faso Estonia
2024 4.19% 3.52%
2023 0.74% 9.16%
2022 14.3% 19.4%
2021 3.65% 4.65%
2020 1.88% -0.44%
2019 -3.23% 2.28%
2018 1.96% 3.44%
2017 1.48% 3.42%
2016 0.44% 0.15%
2015 0.72% -0.49%
2014 -0.26% -0.11%
2013 0.53% 2.78%
2012 3.82% 3.93%
2011 2.76% 4.98%
2010 -0.76% 2.97%
2009 2.61% -0.08%
2008 10.7% 10.4%
2007 -0.23% 6.6%
2006 2.33% 4.44%
2005 6.42% 4.08%
2004 -0.4% 3.05%
2003 2.03% 1.33%
2002 2.18% 3.57%
2001 5.01% 5.75%
2000 -0.3% 4.02%
1999 -1.07% 3.3%
1998 5.08% 8.21%
1997 2.32% 10.6%

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

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

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 4.46% in Estonia. In 2024, inflation was 4.19% in Burkina Faso and 3.52% in Estonia.

Top exports between countries

Burkina Faso
Export category Export value
Estonia
Export category Export value
Raw agricultural goods $489K
Machinery & equipment $210K
Processed food, beverages & tobacco $88K
Raw materials & minerals $63K
Chemicals & pharma $51K
Wood & paper products $30K
Metals $8K
Textiles & consumer goods $6K

Balance of trade

Burkina Faso Estonia
Current account balance
-$1.02B
2023
-$543M
2024
Current account balance ranking
122/190
2023
107/190
2024
Current account balance, % of GDP
-5.06%
2023
-1.26%
2024
Goods imports
$5.38B
2023
$22.1B
2024
Goods exports
$5.29B
2023
$19B
2024
Service imports
$1.45B
2023
$10.4B
2024
Service exports
$621M
2023
$13.6B
2024
Imports of goods and services, % of GDP
31.9%
2024
75.4%
2024
Exports of goods and services, % of GDP
28.6%
2024
75.7%
2024

Economic freedom indices

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

Burkina Faso Estonia
Economic freedom 49.1 78.7
Economic freedom ranking 167/197 10/197
Property rights 17.6 93.6
Government integrity 40.2 86.3
Judicial effectiveness 26.1 92.4
Tax burden 80.8 77.9
Government spending 72.9 46
Fiscal health 13.4 93.1
Business freedom 37.8 82.8
Labor freedom 62.1 59
Monetary freedom 71.9 73.9
Trade freedom 61 79.4
Investment freedom 65 90
Financial freedom 40 70

Economic freedom comparison by year

Burkina Faso
Estonia
1x
Year Economic freedom index
Burkina Faso Estonia
2026 49.1 78.7
2025 51 78.9
2024 51.9 77.8
2023 56.2 78.6
2022 58.3 80
2021 56.5 78.2
2020 56.7 77.7
2019 59.4 76.6
2018 60 78.8
2017 59.6 79.1
2016 59.1 77.2
2015 58.6 76.8
2014 58.9 75.9
2013 59.9 75.3
2012 60.6 73.2
2011 60.6 75.2
2010 59.4 74.7
2009 59.5 76.4
2008 55.7 77.9
2007 55.1 78
2006 55.8 74.9
2005 56.6 75.2
2004 58 77.4
2003 58.9 77.7
2002 58.8 77.6
2001 56.7 76.1
2000 55.7 69.9
1999 55 73.8
1998 54.5 72.5
1997 54 69.1
1996 49.4 65.4
1995 - 65.2

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

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 78.7 for Estonia, ranking 10/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Estonia
Services, % of GDP
43.9%
2024
65.7%
2024
Industry, % of GDP
26.5%
2024
20.1%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
1.77%
2024
GNI, Atlas method
$20.1B
2024
$39.6B
2024
GNI per capita, PPP
$2,720
2024
$48,880
2024
Total reserves including gold n/a
$2.07B
2024
Total reserves ranking n/a
125/177
2024
Net foreign direct investment
-$64.3M
2023
-$285M
2024
Net inflows of foreign direct investment
$82.9M
2024
-$3.44B
2024
Net outflows of foreign direct investment
$2.73M
2024
-$3.72B
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
n/a
Poverty at national poverty lines
43.2%
2021
22.5%
2022
Gross capital formation, % of GDP
21.9%
2024
24.6%
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/estonia | 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 (2022–2024, 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.