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
| Stat |  Burkina Faso |  Laos |
|---|---|---|
| GDP | $14.1B | $18B |
| GDP growth, 1 year | 6% | 6.5% |
| GDP growth, 5-years average | 5.3% | 7% |
| Population | 19.2M | 6.9M |
| GDP per capita | $715 | $2.5k |
| GDP per capita growth | 3.81% | 4.62% |
| Purchasing Power Parity conversion factor | 200.22 | 2901.2 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.36 | 0.34 |
| 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
| Stat | Burkina Faso | Laos |
|---|---|---|
| Income Tax Rate | 27.5% | 24% |
| Corporate Tax Rate | 28% | 24% |
| Inflation, consumer prices | 2% | 2% |
| Inflation, GDP deflator | 2.4% | 1.9% |
| Unemployment | 6.1% | 0.6% |
| Economic Freedom Index | 56.7 | 55.5 |
| Personal Freedom Index | 7.63 | 5.8 |
| Human Freedom Index | 6.84 | 6.2 |
| Property Rights Index | 46.9 | 42.5 |
| Judical Effectiveness Index | 42.6 | 37.3 |
| Business Freedom Index | 47.6 | 54.3 |
| Fiscal Health Index | 49.2 | 53.3 |
| Labor Freedom Index | 52.1 | 58.6 |
| Investment Freedom Index | 65 | 35 |
| Financial Freedom Index | 40 | 20 |
| Trade Freedom Index | 61.8 | 82 |
| Monetary Freedom Index | 82.4 | 76.8 |
| Government Spending Index | 77 | 86.6 |
| Tax Burden Index | 81.3 | 87 |
| Government Integrity Index | 34.1 | 32 |
| Corruption Perceptions Index | 41 | 29 |
| Life expectancy at birth, years | 60.8 | 67.3 |
| Suicide mortality rate, per 100,000 people | 7.7 | 8.6 |
| Mortality caused by road traffic injury, per 100,000 people | 30.5 | 16.6 |
| Intentional homicides, per 100,000 people | 1.3 | 7 |
| International tourism, number of arrivals | 144k | 3.8M |
Government debt & reserves
| Stat | Burkina Faso | Laos |
|---|---|---|
| Central government debt, % of GDP | 43% | 63% |
| External debt stocks, % of GNI | 23.4% | 90.2% |
| External debt stocks | $3.3B | $15.6B |
| Short-term debt, % of total reserves | N/A | 41.2% |
| Total debt service, % of exports and primary income | 3.5% | 14.6% |
| Adjusted net savings including particulate emission damage, % of GNI | -9% | -1.2% |
| Gross savings, % of GDP | 19.1% | 17.6% |
| Gross capital formation, % of GDP | 24.7% | 29% |
| Total reserves including gold | N/A | $980.4M |
| Foreign direct investment net inflows | $480M | $1.3B |
Exports, imports and economic structure
| Stat | Burkina Faso | Laos |
|---|---|---|
| Exports of goods and services, % of GDP | 30.8% | 33.2% |
| Imports of goods and services, % of GDP | 37.2% | 41.9% |
| Current account balance (balance of payments) | -$894.1M | -$1.4B |
| Revenue excluding grants, % of GDP | 18.9% | N/A |
| Grants excluding technical cooperation, BoP | $720.7M | $337.3M |
| Personal remittances received | $455.7M | $238.7M |
| Industry including construction value added, % of GDP | 19.5% | 31.5% |
| Agriculture, forestry and fishing value added, % of GDP | 28% | 15.7% |
| Charges for the use of intellectual property, payments BoP | $438k | N/A |
| Charges for the use of intellectual property, receipts BoP | $725k | N/A |
| Expense, % of GDP | 19.5% | N/A |
| Government Expenditure, % of GDP | 27.7% | 21.1% |
