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Economy of Burkina Faso vs Kiribati compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $308M for Kiribati, ranking 122/197 and 192/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Burkina Faso vs Kiribati GDP by year

Burkina Faso
Kiribati
1x
Year GDP, current $
Burkina Faso Kiribati
2024 $23,124,729,853 $307,862,564
2023 $20,112,614,449 $288,610,748
2022 $18,622,421,395 $270,040,453
2021 $19,697,516,284 $285,259,881
2020 $17,725,010,533 $220,898,020
2019 $16,032,813,503 $216,985,388
2018 $15,890,066,221 $233,514,717
2017 $14,106,955,615 $222,875,736
2016 $12,833,363,045 $206,467,819
2015 $11,832,159,316 $191,559,399
2014 $13,943,016,077 $200,287,282
2013 $13,444,300,486 $201,730,861
2012 $12,561,015,157 $207,001,546
2011 $12,080,295,978 $195,970,140
2010 $10,109,619,741 $165,458,433
2009 $9,450,696,873 $140,177,384
2008 $9,451,435,490 $147,017,895
2007 $7,625,722,837 $138,054,946
2006 $6,547,419,820 $112,338,353
2005 $6,146,353,173 $113,895,437
2004 $5,451,688,538 $104,085,892
2003 $4,740,768,143 $96,105,619
2002 $3,622,350,063 $74,743,869
2001 $3,190,371,081 $64,935,850
2000 $2,968,370,088 $74,910,527
1999 $3,389,566,713 $77,323,978
1998 $2,804,902,367 $74,905,706
1997 $2,447,669,102 $80,205,807
1996 $2,586,550,595 $81,456,854
1995 $2,379,517,975 $68,596,395
1994 $1,895,290,637 $67,055,334
1993 $3,199,536,465 $58,953,596
1992 $3,356,692,505 $61,491,369
1991 $3,135,045,584 $41,247,792
1990 $3,101,300,779 $36,534,295
1989 $2,615,587,734 $37,645,319
1988 $2,616,040,479 $38,278,810
1987 $2,369,834,950 $29,554,413
1986 $2,036,303,358 $25,993,009
1985 $1,552,493,196 $26,126,615
1984 $1,459,880,132 $34,394,167
1983 $1,600,278,605 $31,000,546
1982 $1,754,450,096 $32,742,713
1981 $1,775,842,334 $35,267,489
1980 $1,928,719,888 $33,157,723
1979 $1,748,480,621 $34,466,197
1978 $1,475,583,645 $36,563,965
1977 $1,131,224,878 $31,335,459
1976 $976,547,188 $33,246,817
1975 $939,972,703 $44,547,454
1974 $751,133,430 $69,256,489
1973 $674,773,570 $25,645,040
1972 $578,595,522 $15,314,346
1971 $482,411,179 $12,356,134
1970 $458,404,269 $11,560,877
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/kiribati | CC BY

GDP per capita in Burkina Faso vs Kiribati by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $2,289 $3,702
2023 $873 $2,759 $2,178 $3,486
2022 $827 $2,645 $2,070 $3,329
2021 $896 $2,486 $2,222 $3,020
2020 $825 $2,381 $1,752 $2,711
2019 $765 $2,232 $1,751 $2,763
2018 $777 $2,073 $1,913 $2,672
2017 $709 $2,042 $1,853 $2,562
2016 $664 $1,882 $1,743 $2,463
2015 $630 $1,692 $1,640 $2,311
2014 $765 $1,661 $1,737 $2,084
2013 $760 $1,643 $1,772 $2,049
2012 $731 $1,572 $1,844 $1,896
2011 $725 $1,531 $1,771 $1,786
2010 $625 $1,449 $1,522 $1,724
2009 $602 $1,360 $1,317 $1,718
2008 $619 $1,351 $1,411 $1,735
2007 $515 $1,290 $1,353 $1,792
2006 $456 $1,244 $1,123 $1,728
2005 $441 $1,172 $1,162 $1,617
2004 $404 $1,079 $1,083 $1,579
2003 $362 $1,038 $1,021 $1,578
2002 $285.7 $974 $810 $1,605
2001 $259.5 $948 $719 $1,591
2000 $248.9 $896 $845 $1,638
1999 $292.8 $886 $887 $1,526
1998 $249.5 $838 $874 $1,593
1997 $223.9 $794 $953 $1,535
1996 $242.7 $753 $986 $1,519
1995 $229.1 $684 $844 $1,518
1994 $187.2 $650 $838 $1,469
1993 $324 $644 $748 $1,431
1992 $349 $623 $792 $1,421
1991 $334 $623 $540 $1,139
1990 $339 $567 $488 $1,192
1989 $293.2 - $515 -
1988 $301 - $536 -
1987 $280.2 - $424 -
1986 $247.5 - $382 -
1985 $194.1 - $393 -
1984 $187.8 - $527 -
1983 $211.9 - $483 -
1982 $239 - $519 -
1981 $248.7 - $568 -
1980 $277.6 - $542 -
1979 $258.5 - $573 -
1978 $223.9 - $611 -
1977 $176 - $520 -
1976 $155.5 - $548 -
1975 $152.9 - $730 -
1974 $124.7 - $1,131 -
1973 $114.1 - $422 -
1972 $99.6 - $256.2 -
1971 $84.5 - $210.7 -
1970 $81.7 - $201 -
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/kiribati | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Kiribati ranks 169th at $3,702.

Economic indicators

Burkina Faso Kiribati
Gross domestic product
$23.1B
2024
$308M
2024
GDP rank
122/197
2024
192/197
2024
GDP growth
4.8%
2023-2024
5.27%
2023-2024
GDP per capita
$982
2024
$2,289
2024
GDP per capita rank
180/197
2024
152/197
2024
GDP per capita, PPP
$2,896
2024
$3,702
2024
GDP per capita PPP rank
181/197
2024
169/197
2024
Government debt
$13.2B
2024
$30.5M
2024
Debt-to-GDP ratio
57.2%
2024
9.92%
2024
Government debt per person
$562
2024
$226.9
2024
Government debt per person rank
162/185
2024
181/185
2024
Average annual personal income after taxes
$2,710
2026
$1,967
2026
Income share by richest 10%
30.2%
2021
22.8%
2019
Income share by poorest 10%
3%
2021
4%
2019
Government expenditure, % of GDP
27.8%
2024
98.1%
2024
Consumer prices inflation
4.19%
2023-2024
2.5%
2023-2024
Unemployment rate
3.44%
2024
2.79%
2023
Population
24756783
139020

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Burkina Faso Kiribati
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 98.1% 9.92%
2023 29.4% 56.8% 95.3% 11.4%
2022 32.9% 59.2% 87.5% 16.3%
2021 27.8% 55.5% 84% 17.3%
2020 24.4% 43.6% 102.2% 21%
2019 23.3% 41.7% 108.3% 19%
2018 24.2% 38.1% 108.8% 19%
2017 26.3% 33.9% 92.1% 20.2%
2016 21.6% 32.9% 99% 21.2%
2015 20.4% 31.3% 90.9% 18.8%
2014 20.9% 26.1% 101.2% 8.97%
2013 25.3% 25.9% 78% 8.86%
2012 22.7% 25.2% 83.9% 8.13%
2011 20.4% 24.5% 80.9% 8.8%
2010 21.7% 23.7% 75.7% 9.43%
2009 21.5% 25.9% 74.7% 10.3%
2008 18.6% 24.9% 79.4% 13.9%
2007 22.8% 22.4% 77.3% 11.1%
2006 21.9% 20.1% 82.1% 12.9%
2005 20.2% 39.2% 95.6% 12.1%
2004 20.3% 40.7% 103.8% 13.6%
2003 17.6% 39.7% 84.4% 12.3%
2002 19.5% 43.3% 96.9% 13.3%
2001 19.7% 46.6% 101.3% 17%
2000 19.8% 47.5% 66% 12.7%
1999 21.4% 46.4% 77.6% 11.8%
1998 19.7% 47.7% 74.7% 9.81%
1997 20% 48.4% 70.9% 10.7%
1996 19.8% 45.8% 68.4% 11%
1995 19.4% 48.9% 69.6% 12.3%
1994 17.8% 55.1% 54.6% 12.3%
1993 17.9% 33.6% 55.3% 10.9%
1992 16.7% 29.6% 65.9% 7.31%
1991 17% 28.7% 82.1% 8.43%
1990 18.4% 25.6% 105.5% 7.72%
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/kiribati | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 9.92% in Kiribati, ranking 89/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Kiribati
1x
Year Deficit/surplus, % of GDP
Burkina Faso Kiribati
2024 -5.84% -22%
2023 -6.91% 0.13%
2022 -10.9% -18.3%
2021 -7.45% -10.8%
2020 -5.16% 3.57%
2019 -3.39% 10.8%
2018 -4.43% 5.18%
2017 -6.92% 34.1%
2016 -3.08% 20.1%
2015 -2.09% 42.5%
2014 -1.74% 35%
2013 -3.55% 11.8%
2012 -2.76% -5.43%
2011 -2.04% -17.6%
2010 -4.06% -7.8%
2009 -4.16% -8.56%
2008 -3.63% -15.8%
2007 -5.01% -12.5%
2006 14.3% -12.3%
2005 -4.89% -9.96%
2004 -4.19% -19.2%
2003 -1.79% -8.93%
2002 -4.43% 3.13%
2001 -3.56% -10.9%
2000 -3.03% -0.03%
1999 -3.29% -1.81%
1998 -2.6% 14.6%
1997 -2.64% 5.92%
1996 -1.67% -20.2%
1995 -2.65% -5.14%
1994 -1.89% 0.74%
1993 -3.81% 6.27%
1992 -2.51% 0.79%
1991 -2.77% 3.87%
1990 -7.54% -4.62%
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/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 35 years, Burkina Faso recorded a fiscal deficit in 34 of those years, while Kiribati ran a deficit in 19 years. On average, Burkina Faso posted an annual deficit equal to 3.49% of GDP, compared to deficit of 0.38% of GDP for Kiribati.

Inflation comparison by year

Inflation
Burkina Faso

Kiribati
1x
Year Consumer prices inflation
Burkina Faso Kiribati
2024 4.19% 2.5%
2023 0.74% 9.3%
2022 14.3% 5.3%
2021 3.65% 2.1%
2020 1.88% 2.6%
2019 -3.23% -1.8%
2018 1.96% 0.6%
2017 1.48% 0.4%
2016 0.44% 1.9%
2015 0.72% 0.6%
2014 -0.26% 2.1%
2013 0.53% -1.5%
2012 3.82% -3%
2011 2.76% 1.5%
2010 -0.76% -3.9%
2009 2.61% 9.8%
2008 10.7% 13.7%
2007 -0.23% 3.6%
2006 2.33% -1%
2005 6.42% -0.4%
2004 -0.4% -0.7%
2003 2.03% 1.6%
2002 2.18% 3.2%
2001 5.01% 6%
2000 -0.3% 0.4%
1999 -1.07% 1.8%
1998 5.08% 3.7%
1997 2.32% 2.6%

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

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

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 2.25% in Kiribati. In 2024, inflation was 4.19% in Burkina Faso and 2.5% in Kiribati.

Balance of trade

Burkina Faso Kiribati
Current account balance
-$1.02B
2023
-$59.5M
2024
Current account balance ranking
122/190
2023
85/190
2024
Current account balance, % of GDP
-5.06%
2023
-19.3%
2024
Goods imports
$5.38B
2023
$227M
2024
Goods exports
$5.29B
2023
$8.49M
2024
Service imports
$1.45B
2023
$108M
2024
Service exports
$621M
2023
$7M
2024
Imports of goods and services, % of GDP
31.9%
2024
94.9%
2024
Exports of goods and services, % of GDP
28.6%
2024
6.27%
2024

Economic freedom indices

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

Burkina Faso Kiribati
Economic freedom 49.1 50.8
Economic freedom ranking 167/197 158/197
Property rights 17.6 69.6
Government integrity 40.2 50.5
Judicial effectiveness 26.1 54.6
Tax burden 80.8 72.6
Government spending 72.9 0
Fiscal health 13.4 19.8
Business freedom 37.8 60.2
Labor freedom 62.1 65.3
Monetary freedom 71.9 76.7
Trade freedom 61 80
Investment freedom 65 30
Financial freedom 40 30

Economic freedom comparison by year

Burkina Faso
Kiribati
1x
Year Economic freedom index
Burkina Faso Kiribati
2026 49.1 50.8
2025 51 50.9
2024 51.9 51.3
2023 56.2 58.8
2022 58.3 59.2
2021 56.5 44.4
2020 56.7 45.2
2019 59.4 47.3
2018 60 50.8
2017 59.6 50.9
2016 59.1 46.2
2015 58.6 46.4
2014 58.9 46.3
2013 59.9 45.9
2012 60.6 46.9
2011 60.6 44.8
2010 59.4 43.7
2009 59.5 45.7
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/kiribati | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Kiribati
Services, % of GDP
43.9%
2024
67.1%
2023
Industry, % of GDP
26.5%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
27.2%
2023
GNI, Atlas method
$20.1B
2024
$493M
2024
GNI per capita, PPP
$2,720
2024
$6,060
2024
Net foreign direct investment
-$64.3M
2023
-$8.06M
2024
Net inflows of foreign direct investment
$82.9M
2024
$8.07M
2024
Net outflows of foreign direct investment
$2.73M
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
n/a
Poverty at national poverty lines
43.2%
2021
5.5%
2023
Gross capital formation, % of GDP
21.9%
2024
25.8%
2023

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/kiribati | 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.