Burkina Faso vs Laos: Economic Indicators Comparison

Laos with a GDP of $18B ranked the 118th largest economy in the world, while Burkina Faso ranked 129th with $14.1B. By GDP 5-years average growth and GDP per capita, Laos and Burkina Faso ranked 11th vs 28th and 140th vs 184th, respectively.

Gross Domestic Product & Income

StatBurkina FasoLaos
GDP$14.1B$18B
GDP growth, 1 year6%6.5%
GDP growth, 5-years average5.3%7%
Population19.2M6.9M
GDP per capita$715$2.5k
GDP per capita growth3.81%4.62%
Purchasing Power Parity conversion factor200.222901.2
Price level ratio of PPP conversion factor GDP to market exchange rate0.360.34
GDP per capita, PPP adjusted$2k$7.9k
GNI, Atlas method$13.3B$17.3B
GNI per capita$670$2.5k
GNI, PPP adjusted$38.9B$50.1B
GNI per capita, PPP adjusted$2k$7.1k

Financial system and Human development

StatBurkina FasoLaos
Income Tax Rate27.5%24%
Corporate Tax Rate28%24%
Inflation, consumer prices2%2%
Inflation, GDP deflator2.4%1.9%
Unemployment6.1%0.6%
Economic Freedom Index56.755.5
Personal Freedom Index7.635.8
Human Freedom Index6.846.2
Property Rights Index46.942.5
Judical Effectiveness Index42.637.3
Business Freedom Index47.654.3
Fiscal Health Index49.253.3
Labor Freedom Index52.158.6
Investment Freedom Index6535
Financial Freedom Index4020
Trade Freedom Index61.882
Monetary Freedom Index82.476.8
Government Spending Index7786.6
Tax Burden Index81.387
Government Integrity Index34.132
Corruption Perceptions Index4129
Life expectancy at birth, years60.867.3
Suicide mortality rate, per 100,000 people7.78.6
Mortality caused by road traffic injury, per 100,000 people30.516.6
Intentional homicides, per 100,000 people1.37
International tourism, number of arrivals144k3.8M

Government debt & reserves

StatBurkina FasoLaos
Central government debt, % of GDP43%63%
External debt stocks, % of GNI23.4%90.2%
External debt stocks$3.3B$15.6B
Short-term debt, % of total reservesN/A41.2%
Total debt service, % of exports and primary income3.5%14.6%
Adjusted net savings including particulate emission damage, % of GNI-9%-1.2%
Gross savings, % of GDP19.1%17.6%
Gross capital formation, % of GDP24.7%29%
Total reserves including goldN/A$980.4M
Foreign direct investment net inflows$480M$1.3B

Exports, imports and economic structure

StatBurkina FasoLaos
Exports of goods and services, % of GDP30.8%33.2%
Imports of goods and services, % of GDP37.2%41.9%
Current account balance (balance of payments)-$894.1M-$1.4B
Revenue excluding grants, % of GDP18.9%N/A
Grants excluding technical cooperation, BoP$720.7M$337.3M
Personal remittances received$455.7M$238.7M
Industry including construction value added, % of GDP19.5%31.5%
Agriculture, forestry and fishing value added, % of GDP28%15.7%
Charges for the use of intellectual property, payments BoP$438kN/A
Charges for the use of intellectual property, receipts BoP$725kN/A
Expense, % of GDP19.5%N/A
Government Expenditure, % of GDP27.7%21.1%

Compare with countries close by GDP per capita

Burkina Faso vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

Laos vs

CountryGDP
per capita
Population
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M