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Economy of Burkina Faso vs Georgia compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $34.2B for Georgia, ranking 122/197 and 107/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $12.3B (36.1% of GDP) in Georgia.

Burkina Faso vs Georgia GDP by year

Burkina Faso
Georgia
1x
Year GDP, current $
Burkina Faso Georgia
2024 $23,124,729,853 $34,189,423,545
2023 $20,112,614,449 $30,777,833,601
2022 $18,622,421,395 $24,984,568,960
2021 $19,697,516,284 $18,853,115,589
2020 $17,725,010,533 $16,010,869,216
2019 $16,032,813,503 $17,638,337,117
2018 $15,890,066,221 $17,902,544,881
2017 $14,106,955,615 $16,473,125,375
2016 $12,833,363,045 $15,444,548,902
2015 $11,832,159,316 $15,223,796,149
2014 $13,943,016,077 $17,966,015,109
2013 $13,444,300,486 $17,517,660,144
2012 $12,561,015,157 $16,894,392,033
2011 $12,080,295,978 $15,475,290,469
2010 $10,109,619,741 $12,426,907,967
2009 $9,450,696,873 $10,766,920,066
2008 $9,451,435,490 $12,795,145,131
2007 $7,625,722,837 $10,172,931,089
2006 $6,547,419,820 $7,745,250,734
2005 $6,146,353,173 $6,410,912,050
2004 $5,451,688,538 $5,125,365,192
2003 $4,740,768,143 $3,991,377,904
2002 $3,622,350,063 $3,395,766,678
2001 $3,190,371,081 $3,219,462,262
2000 $2,968,370,088 $3,057,475,335
1999 $3,389,566,713 $2,800,025,883
1998 $2,804,902,367 $3,613,497,317
1997 $2,447,669,102 $3,510,520,231
1996 $2,586,550,595 $3,094,936,177
1995 $2,379,517,975 $2,693,732,612
1994 $1,895,290,637 $2,513,867,645
1993 $3,199,536,465 $2,701,181,331
1992 $3,356,692,505 $3,690,328,964
1991 $3,135,045,584 $6,324,503,311
1990 $3,101,300,779 $7,735,927,264
1989 $2,615,587,734 $8,902,632,715
1988 $2,616,040,479 $8,833,588,173
1987 $2,369,834,950 $7,321,981,334
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/georgia | CC BY

GDP per capita in Burkina Faso vs Georgia by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Georgia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Georgia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $9,241 $28,285
2023 $873 $2,759 $8,284 $25,072
2022 $827 $2,645 $6,730 $22,461
2021 $896 $2,486 $5,084 $18,916
2020 $825 $2,381 $4,301 $16,791
2019 $765 $2,232 $4,741 $16,770
2018 $777 $2,073 $4,804 $15,022
2017 $709 $2,042 $4,419 $13,719
2016 $664 $1,882 $4,143 $13,065
2015 $630 $1,692 $4,087 $12,270
2014 $765 $1,661 $4,830 $11,771
2013 $760 $1,643 $4,712 $10,797
2012 $731 $1,572 $4,531 $10,060
2011 $725 $1,531 $4,120 $8,564
2010 $625 $1,449 $3,282 $7,712
2009 $602 $1,360 $2,823 $7,119
2008 $619 $1,351 $3,325 $7,279
2007 $515 $1,290 $2,635 $6,951
2006 $456 $1,244 $1,996 $5,980
2005 $441 $1,172 $1,643 $5,272
2004 $404 $1,079 $1,305 $4,635
2003 $362 $1,038 $1,010 $4,240
2002 $285.7 $974 $854 $3,719
2001 $259.5 $948 $802 $3,441
2000 $248.9 $896 $750 $3,161
1999 $292.8 $886 $674 $2,977
1998 $249.5 $838 $852 $2,795
1997 $223.9 $794 $807 $2,616
1996 $242.7 $753 $689 $2,253
1995 $229.1 $684 $578 $1,919
1994 $187.2 $650 $520 $1,764
1993 $324 $644 $550 $1,898
1992 $349 $623 $757 $2,643
1991 $334 $623 $1,308 $4,727
1990 $339 $567 $1,611 $5,836
1989 $293.2 - $1,853 -
1988 $301 - $1,844 -
1987 $280.2 - $1,544 -
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/georgia | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $9,241 in Georgia, ranking 89/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Georgia ranks 74th at $28,285.

Economic indicators

Burkina Faso Georgia
Gross domestic product
$23.1B
2024
$34.2B
2024
GDP rank
122/197
2024
107/197
2024
GDP growth
4.8%
2023-2024
9.68%
2023-2024
GDP per capita
$982
2024
$9,241
2024
GDP per capita rank
180/197
2024
89/197
2024
GDP per capita, PPP
$2,896
2024
$28,285
2024
GDP per capita PPP rank
181/197
2024
74/197
2024
Government debt
$13.2B
2024
$12.3B
2024
Debt-to-GDP ratio
57.2%
2024
36.1%
2024
Government debt per person
$562
2024
$3,336
2024
Government debt per person rank
162/185
2024
96/185
2024
Average annual personal income after taxes
$2,710
2026
$6,891
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
30.2%
2021
26.2%
2024
Income share by poorest 10%
3%
2021
2.9%
2024
Government expenditure, % of GDP
27.8%
2024
30.3%
2024
Consumer prices inflation
4.19%
2023-2024
1.11%
2023-2024
Central bank interest rate n/a
8%
2024
Unemployment rate
3.44%
2024
8.01%
2024
Population
24756783
3697615

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Georgia
Spending

Debt
1x
Year % of GDP
Burkina Faso Georgia
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 30.3% 36.1%
2023 29.4% 56.8% 29.7% 38.9%
2022 32.9% 59.2% 28.5% 39.2%
2021 27.8% 55.5% 31.2% 49.1%
2020 24.4% 43.6% 34.1% 59.6%
2019 23.3% 41.7% 28.7% 40%
2018 24.2% 38.1% 26.7% 38.2%
2017 26.3% 33.9% 27.2% 38.9%
2016 21.6% 32.9% 27.8% 39.5%
2015 20.4% 31.3% 27% 36%
2014 20.9% 26.1% 27.5% 30.3%
2013 25.3% 25.9% 26.6% 28.9%
2012 22.7% 25.2% 27.7% 28.1%
2011 20.4% 24.5% 27.1% 27.7%
2010 21.7% 23.7% 31% 31.4%
2009 21.5% 25.9% 34.8% 33.6%
2008 18.6% 24.9% 31.8% 26.3%
2007 22.8% 22.4% 27.7% 22.5%
2006 21.9% 20.1% 22.7% 28.3%
2005 20.2% 39.2% 21.6% 35.3%
2004 20.3% 40.7% 18.9% 44.3%
2003 17.6% 39.7% 16.1% 54.6%
2002 19.5% 43.3% 16% 50.3%
2001 19.7% 46.6% 16.8% 53%
2000 19.8% 47.5% 16.9% 58.5%
1999 21.4% 46.4% 19.8% 76.5%
1998 19.7% 47.7% 18.9% 80%
1997 20% 48.4% 21.9% 48.2%
1996 19.8% 45.8% 18.4% 38.9%
1995 19.4% 48.9% 15.6% 19.8%
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/georgia | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Georgia spent $10.3B, or 30.3% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 36.1% in Georgia, ranking 89/185 and 144/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Georgia
1x
Year Deficit/surplus, % of GDP
Burkina Faso Georgia
2024 -5.84% -2.3%
2023 -6.91% -2.33%
2022 -10.9% -2.2%
2021 -7.45% -5.97%
2020 -5.16% -9.16%
2019 -3.39% -1.82%
2018 -4.43% -0.8%
2017 -6.92% -0.45%
2016 -3.08% -1.49%
2015 -2.09% -1.16%
2014 -1.74% -1.78%
2013 -3.55% -1.25%
2012 -2.76% -0.71%
2011 -2.04% -0.81%
2010 -4.06% -4.48%
2009 -4.16% -6.36%
2008 -3.63% -1.92%
2007 -5.01% 0.81%
2006 14.3% 3.28%
2005 -4.89% 2.14%
2004 -4.19% 3.59%
2003 -1.79% -0.55%
2002 -4.43% -0.19%
2001 -3.56% -0.71%
2000 -3.03% -1.92%
1999 -3.29% -4.72%
1998 -2.6% -4%
1997 -2.64% -6.79%
1996 -1.67% -5.91%
1995 -2.65% -4.89%
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/georgia | 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 Georgia's deficit of $785M, or 2.3% of GDP.

Over the past 30 years, Burkina Faso recorded a fiscal deficit in 29 of those years, while Georgia ran a deficit in 26 years. On average, Burkina Faso posted an annual deficit equal to 3.45% of GDP, compared to deficit of 2.16% of GDP for Georgia.

Inflation comparison by year

Inflation
Burkina Faso

Georgia
1x
Year Consumer prices inflation
Burkina Faso Georgia
2024 4.19% 1.11%
2023 0.74% 2.49%
2022 14.3% 11.9%
2021 3.65% 9.57%
2020 1.88% 5.2%
2019 -3.23% 4.85%
2018 1.96% 2.62%
2017 1.48% 6.04%
2016 0.44% 2.13%
2015 0.72% 4%
2014 -0.26% 3.07%
2013 0.53% -0.51%
2012 3.82% -0.94%
2011 2.76% 8.54%
2010 -0.76% 7.11%
2009 2.61% 1.73%
2008 10.7% 10%
2007 -0.23% 9.24%
2006 2.33% 9.16%
2005 6.42% 8.25%
2004 -0.4% 5.66%
2003 2.03% 0.84%
2002 2.18% 5.59%
2001 5.01% 4.65%
2000 -0.3% 4.06%
1999 -1.07% 19.2%
1998 5.08% 3.57%
1997 2.32% 7.09%

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

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

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 5.58% in Georgia. In 2024, inflation was 4.19% in Burkina Faso and 1.11% in Georgia.

Top exports between countries

Burkina Faso
Export category Export value
Raw materials & minerals $33K
Georgia
Export category Export value
Raw materials & minerals $354K
Machinery & equipment $286K
Processed food, beverages & tobacco $28K
Animal & marine products $7K
Chemicals & pharma $1K
Wood & paper products $1K

Balance of trade

Burkina Faso Georgia
Current account balance
-$1.02B
2023
-$1.79B
2024
Current account balance ranking
122/190
2023
139/190
2024
Current account balance, % of GDP
-5.06%
2023
-5.22%
2024
Goods imports
$5.38B
2023
$15.2B
2024
Goods exports
$5.29B
2023
$8.63B
2024
Service imports
$1.45B
2023
$3.81B
2024
Service exports
$621M
2023
$7.71B
2024
Imports of goods and services, % of GDP
31.9%
2024
55.6%
2024
Exports of goods and services, % of GDP
28.6%
2024
47.8%
2024

Economic freedom indices

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

Burkina Faso Georgia
Economic freedom 49.1 69.6
Economic freedom ranking 167/197 41/197
Property rights 17.6 53
Government integrity 40.2 59.9
Judicial effectiveness 26.1 53.8
Tax burden 80.8 87.8
Government spending 72.9 73.9
Fiscal health 13.4 89.1
Business freedom 37.8 76.6
Labor freedom 62.1 64
Monetary freedom 71.9 70.2
Trade freedom 61 86.8
Investment freedom 65 60
Financial freedom 40 60

Economic freedom comparison by year

Burkina Faso
Georgia
1x
Year Economic freedom index
Burkina Faso Georgia
2026 49.1 69.6
2025 51 69
2024 51.9 68.4
2023 56.2 68.7
2022 58.3 71.8
2021 56.5 77.2
2020 56.7 77.1
2019 59.4 75.9
2018 60 76.2
2017 59.6 76
2016 59.1 72.6
2015 58.6 73
2014 58.9 72.6
2013 59.9 72.2
2012 60.6 69.4
2011 60.6 70.4
2010 59.4 70.4
2009 59.5 69.8
2008 55.7 69.2
2007 55.1 69.3
2006 55.8 64.5
2005 56.6 57.1
2004 58 58.9
2003 58.9 58.6
2002 58.8 56.7
2001 56.7 58.3
2000 55.7 54.3
1999 55 52.5
1998 54.5 47.9
1997 54 46.5
1996 49.4 44.1

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

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 69.6 for Georgia, ranking 41/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Georgia
Services, % of GDP
43.9%
2024
62%
2024
Industry, % of GDP
26.5%
2024
19.6%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
5.49%
2024
GNI, Atlas method
$20.1B
2024
$30B
2024
GNI per capita, PPP
$2,720
2024
$26,200
2024
Total reserves including gold n/a
$4.45B
2024
Total reserves ranking n/a
104/177
2024
Net foreign direct investment
-$64.3M
2023
-$1.14B
2024
Net inflows of foreign direct investment
$82.9M
2024
$1.6B
2024
Net outflows of foreign direct investment
$2.73M
2024
$462M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
15.2%
2024
Poverty at national poverty lines
43.2%
2021
9.4%
2024
Gross capital formation, % of GDP
21.9%
2024
24.5%
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/georgia | 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. TradeMap (2020–2024, 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.