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Economy of Burkina Faso vs Malaysia compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.3B compared to $422B for Malaysia, ranking 122/197 and 39/197 by economy size, respectively.

Burkina Faso has $12.2B in government debt (50.2% of GDP), compared to $297B (70.1% of GDP) in Malaysia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Burkina Faso
GDP, current $

GDP, constant 2015 $
Malaysia
GDP, current $

GDP, constant 2015 $
Year GDP
Burkina Faso Malaysia
Current $ Constant $ Current $ Constant $
1960 $330,442,816 $1,166,782,786 $1,916,229,477 $10,075,053,650
1961 $350,247,234 $1,213,966,642 $1,901,856,123 $10,840,555,622
1962 $379,567,099 $1,288,368,214 $2,001,489,602 $11,536,630,908
1963 $394,040,667 $1,272,031,494 $2,510,110,348 $12,383,281,584
1964 $410,321,645 $1,301,069,674 $2,674,423,922 $13,046,897,051
1965 $422,916,790 $1,350,049,032 $2,956,337,669 $14,049,533,277
1966 $433,889,766 $1,357,307,072 $3,143,517,944 $15,147,744,694
1967 $450,753,924 $1,477,066,551 $3,188,924,677 $15,732,015,397
1968 $460,442,689 $1,522,423,925 $3,330,371,551 $16,987,114,742
1969 $478,298,645 $1,553,269,468 $3,664,552,041 $17,817,535,563
1970 $458,404,269 $1,555,087,098 $3,864,145,667 $18,884,189,212
1971 $482,411,179 $1,577,065,764 $4,244,395,956 $20,779,153,503
1972 $578,595,522 $1,613,519,619 $5,043,347,250 $22,729,992,899
1973 $674,773,570 $1,620,769,605 $7,662,902,678 $25,389,647,919
1974 $751,133,430 $1,755,073,487 $9,496,204,302 $27,501,726,906
1975 $939,972,703 $1,807,697,310 $9,298,800,799 $27,722,034,465
1976 $976,547,188 $1,961,982,376 $11,050,234,599 $30,927,669,086
1977 $1,131,224,878 $1,969,248,648 $13,139,488,633 $33,325,509,326
1978 $1,475,583,645 $2,059,988,180 $16,358,079,862 $35,542,952,797
1979 $1,748,480,621 $2,135,478,950 $21,213,264,962 $38,865,898,972
1980 $1,928,719,888 $2,152,496,130 $24,488,224,677 $41,758,231,850
1981 $1,775,842,334 $2,244,091,371 $25,004,285,792 $44,657,131,817
1982 $1,754,450,096 $2,458,675,800 $26,804,493,635 $47,311,173,245
1983 $1,600,278,605 $2,467,182,444 $30,347,442,111 $50,269,176,995
1984 $1,459,880,132 $2,423,298,751 $33,942,897,422 $54,170,965,010
1985 $1,552,493,196 $2,629,699,951 $31,199,633,353 $53,615,577,054
1986 $2,036,303,358 $2,838,902,120 $27,734,111,400 $54,280,729,183
1987 $2,369,834,950 $2,832,192,750 $32,181,210,158 $57,098,947,793
1988 $2,616,040,479 $2,996,335,114 $35,272,109,220 $62,773,281,162
1989 $2,615,587,734 $3,060,764,327 $38,847,965,293 $68,460,289,887
1990 $3,101,300,779 $3,042,310,108 $44,024,585,240 $74,627,553,680
1991 $3,135,045,584 $3,318,247,161 $49,143,148,094 $81,751,102,498
1992 $3,356,692,505 $3,325,969,080 $59,167,550,163 $89,014,784,404
1993 $3,199,536,465 $3,441,093,673 $66,894,966,969 $97,822,746,879
1994 $1,895,290,637 $3,486,344,305 $74,478,356,958 $106,834,219,205
1995 $2,379,517,975 $3,685,636,779 $88,705,342,903 $117,335,045,631
1996 $2,586,550,595 $4,091,600,230 $100,855,393,910 $129,071,719,045
1997 $2,447,669,102 $4,350,059,855 $100,005,323,302 $138,523,307,833
1998 $2,804,902,367 $4,667,950,033 $72,167,498,981 $128,328,802,477
1999 $3,389,566,713 $5,013,156,038 $79,148,421,053 $136,205,126,471
2000 $2,968,370,088 $5,107,828,181 $93,789,736,842 $148,271,359,065
2001 $3,190,371,081 $5,445,629,584 $92,783,947,368 $149,038,923,296
2002 $3,622,350,063 $5,682,675,870 $100,845,526,316 $157,073,594,224
2003 $4,740,768,143 $6,126,066,307 $110,202,368,421 $166,165,798,104
2004 $5,451,688,538 $6,400,419,255 $124,749,473,684 $177,437,551,536
2005 $6,146,353,173 $6,954,815,456 $143,534,405,819 $186,898,768,709
2006 $6,547,419,820 $7,389,711,521 $162,692,258,307 $197,336,779,112
2007 $7,625,722,837 $7,693,530,570 $193,549,569,478 $209,766,600,384
2008 $9,451,435,490 $8,139,754,707 $230,811,614,370 $219,902,039,819
2009 $9,450,696,873 $8,380,850,242 $202,257,453,037 $216,573,759,299
2010 $10,109,619,741 $9,088,720,452 $255,017,638,456 $232,654,030,399
2011 $12,080,295,978 $9,690,626,654 $297,951,668,675 $244,970,531,974
2012 $12,561,015,157 $10,315,931,044 $314,443,047,642 $258,378,881,826
2013 $13,444,300,486 $10,913,490,102 $323,276,235,524 $270,506,469,604
2014 $13,943,016,077 $11,385,699,970 $338,066,095,097 $286,755,041,078
2015 $11,832,159,316 $11,832,159,316 $301,355,266,965 $301,355,266,965
2016 $12,833,363,045 $12,537,116,612 $301,256,033,870 $314,764,917,575
2017 $14,106,955,615 $13,314,855,313 $319,109,094,160 $333,061,328,477
2018 $15,890,066,221 $14,194,244,129 $358,788,845,713 $349,191,778,300
2019 $16,032,813,503 $15,030,172,259 $365,177,721,022 $364,602,265,936
2020 $17,725,010,533 $15,332,394,849 $337,456,163,961 $344,706,479,641
2021 $19,697,516,284 $16,396,850,183 $373,784,823,673 $356,134,704,342
2022 $18,820,218,691 $16,642,350,340 $407,605,841,348 $387,694,727,479
2023 $20,324,617,845 $17,134,994,111 $399,705,137,434 $401,479,163,711
2024 $23,250,214,910 $17,989,191,218 $421,972,102,254 $422,011,432,357

Economic indicators

Burkina Faso Malaysia
Gross domestic product
$23.3B
2024
$422B
2024
GDP rank
122/197
2024
39/197
2024
GDP growth
14.4%
2023-2024
5.57%
2023-2024
GDP per capita
$987
2024
$11,867
2024
GDP per capita rank
179/197
2024
81/197
2024
GDP per capita, PPP
$2,896
2024
$38,729
2024
Government debt
$12.2B
2024
$297B
2024
Debt-to-GDP ratio
50.2%
2025
70.1%
2025
Government debt per person
$520
2024
$8,353
2024
Government debt per person rank
166/185
2024
63/185
2024
Average annual personal income after taxes
$2,810
2025
$9,650
2025
Market capitalization of domestic companies n/a
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10%
30.2%
2021
30.9%
2021
Income share by poorest 10%
3%
2021
2.3%
2021
Government expenditure, % of GDP
24.1%
2025
23.1%
2025
Consumer prices inflation
4.19%
2023-2024
1.83%
2023-2024
Central bank interest rate n/a
2.75%
2025
Unemployment rate
3.44%
2024
3.93%
2022
Population
24497999
36304998

GDP per capita in Burkina Faso vs Malaysia

Burkina Faso's GDP per capita is $987, ranking 179/197, compared to $11,867 in Malaysia, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 182nd at $2,896, while Malaysia ranks 60th at $38,729.

Burkina Faso
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
Year Current $
Burkina Faso Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $69.2 - $240.8 -
1961 $72.2 - $232.9 -
1962 $77.2 - $238.8 -
1963 $78.9 - $291.8 -
1964 $80.9 - $303 -
1965 $82.1 - $326 -
1966 $82.8 - $339 -
1967 $84.6 - $335 -
1968 $85 - $342 -
1969 $86.8 - $368 -
1970 $81.7 - $380 -
1971 $84.5 - $407 -
1972 $99.6 - $472 -
1973 $114.1 - $701 -
1974 $124.7 - $848 -
1975 $152.9 - $811 -
1976 $155.5 - $940 -
1977 $176 - $1,092 -
1978 $223.9 - $1,327 -
1979 $258.5 - $1,680 -
1980 $277.6 - $1,886 -
1981 $248.7 - $1,866 -
1982 $239 - $1,938 -
1983 $211.9 - $2,124 -
1984 $187.8 - $2,300 -
1985 $194.1 - $2,046 -
1986 $247.5 - $1,760 -
1987 $280.2 - $1,977 -
1988 $301 - $2,100 -
1989 $293.2 - $2,244 -
1990 $339 $567 $2,469 $6,887
1991 $334 $623 $2,679 $7,583
1992 $349 $623 $3,141 $8,224
1993 $324 $644 $3,462 $9,018
1994 $187.2 $650 $3,758 $9,806
1995 $229.1 $684 $4,363 $10,720
1996 $242.7 $753 $4,837 $11,709
1997 $223.9 $794 $4,679 $12,469
1998 $249.5 $838 $3,294 $11,398
1999 $292.8 $886 $3,528 $11,980
2000 $248.9 $896 $4,084 $13,027
2001 $259.5 $948 $3,944 $13,072
2002 $285.7 $974 $4,184 $13,656
2003 $362 $1,038 $4,465 $14,387
2004 $404 $1,079 $4,939 $15,416
2005 $441 $1,172 $5,556 $16,371
2006 $456 $1,244 $6,158 $17,426
2007 $515 $1,290 $7,169 $18,617
2008 $619 $1,351 $8,372 $19,480
2009 $602 $1,360 $7,191 $18,923
2010 $625 $1,449 $8,899 $20,193
2011 $725 $1,531 $10,217 $21,324
2012 $731 $1,572 $10,601 $22,639
2013 $760 $1,643 $10,714 $23,161
2014 $765 $1,661 $11,013 $24,307
2015 $630 $1,692 $9,649 $24,526
2016 $664 $1,882 $9,477 $25,286
2017 $709 $2,042 $9,863 $26,416
2018 $777 $2,073 $10,902 $27,794
2019 $765 $2,232 $10,920 $28,934
2020 $825 $2,381 $9,958 $27,475
2021 $896 $2,486 $10,903 $29,823
2022 $836 $2,642 $11,748 $34,366
2023 $883 $2,755 $11,379 $36,417
2024 $987 $2,896 $11,867 $38,729

Spending and national debt comparison

In 2024, Burkina Faso's government spending was $6.21B, accounting for 24.1% of its GDP, while Malaysia's spent $101B, or 23.1% of GDP.

Debt-to-GDP ratio is 50.2% in Burkina Faso and 70.1% in Malaysia, ranking 110/185 and 55/185, respectively.

Burkina Faso
Government spending

Government debt
Malaysia
Government spending

Government debt
Year % of GDP
Burkina Faso Malaysia
Government spending Government debt Government spending Government debt
1985 11.5% 28.5% - -
1986 16.3% 27.6% - -
1987 19.2% 30.7% - -
1988 16.2% 28.8% - -
1989 14.2% 25.5% - -
1990 18.4% 25.6% 30.5% 74.1%
1991 17% 28.7% 27.4% 67.3%
1992 16.7% 29.6% 28.2% 59.1%
1993 17.9% 33.6% 24.6% 51.1%
1994 17.8% 55.1% 23.3% 43.7%
1995 19.4% 48.9% 22.6% 38.2%
1996 19.8% 45.8% 22.4% 32.8%
1997 20% 48.4% 21.2% 29.6%
1998 19.7% 47.7% 23.1% 33.6%
1999 21.4% 46.4% 24.6% 34.4%
2000 19.8% 47.5% 25.6% 32.5%
2001 19.7% 46.6% 28.2% 38.1%
2002 19.5% 43.3% 27.1% 39.5%
2003 17.6% 39.7% 28.1% 41.4%
2004 20.3% 40.7% 25.9% 42%
2005 20.2% 39.2% 24.5% 40.8%
2006 21.9% 20.1% 25.6% 39.7%
2007 22.8% 22.4% 25.9% 39.3%
2008 18.6% 24.9% 26.9% 39.4%
2009 21.5% 25.9% 30.9% 50.4%
2010 21.7% 22.7% 26.6% 51.2%
2011 20.4% 28.4% 27.1% 51.9%
2012 22.7% 25.2% 28.5% 53.8%
2013 25.3% 25.9% 27.8% 55.7%
2014 20.9% 26.1% 26% 55.4%
2015 20.4% 31.3% 24.7% 57%
2016 21.6% 32.9% 22.9% 55.8%
2017 26.3% 33.9% 22% 54.4%
2018 24.2% 38.1% 22.8% 55.6%
2019 23.3% 41.7% 23.6% 57.1%
2020 24.4% 43.6% 25% 67.7%
2021 27.8% 55.4% 24.5% 69.2%
2022 31.3% 56.4% 24.7% 65.5%
2023 27.9% 52.7% 24.9% 69.7%
2024 26.7% 52.7% 23.9% 70.4%
2025 24.1% 50.2% 23.1% 70.1%

Government deficit by year

In 2024, Burkina Faso's government deficit, the difference between spending and revenue, was -$1.32B, equivalent to -5.68% of GDP. This compares to Malaysia's deficit of -$16.7B, or -3.95% of GDP.

Over the past 35 years, Burkina Faso recorded a fiscal deficit in 34 of those years, while Malaysia ran a deficit in 27 years. On average, Burkina Faso posted an annual deficit equal to -3.46% of GDP, compared to deficit of -2.07% of GDP for Malaysia.

Deficit/surplus
Burkina Faso

Malaysia
Year Deficit/surplus, % of GDP
Burkina Faso Malaysia
1985 -1.21% -
1986 -5.1% -
1987 -5.27% -
1988 -4.32% -
1989 1.96% -
1990 -7.54% 0.15%
1991 -2.77% 1.6%
1992 -2.51% 1.81%
1993 -3.81% 3.44%
1994 -1.89% 5.45%
1995 -2.65% 3.1%
1996 -1.67% 3.27%
1997 -2.64% 4.84%
1998 -2.6% -0.63%
1999 -3.29% -3%
2000 -3.03% -6.05%
2001 -3.56% -4.36%
2002 -4.43% -3.96%
2003 -1.79% -4.6%
2004 -4.19% -3.35%
2005 -4.89% -2.83%
2006 14.3% -2.6%
2007 -5.01% -2.57%
2008 -3.63% -3.4%
2009 -4.16% -5.88%
2010 -4.06% -4.32%
2011 -2.04% -3.57%
2012 -2.76% -3.1%
2013 -3.55% -3.48%
2014 -1.74% -2.63%
2015 -2.09% -2.55%
2016 -3.08% -2.6%
2017 -6.92% -2.41%
2018 -4.43% -2.64%
2019 -3.39% -2.01%
2020 -5.16% -4.9%
2021 -7.43% -6.03%
2022 -10.4% -4.56%
2023 -6.56% -3.97%
2024 -5.68% -3.95%
2025 -4.31% -3.36%

Inflation comparison by year

Over the past 29 years, Burkina Faso has recorded an average annual inflation rate of 2.58%, compared with 2.29% in Malaysia. In 2024, inflation was 4.19% in Burkina Faso and 1.83% in Malaysia.

Inflation
Burkina Faso

Malaysia
Year Inflation
Burkina Faso Malaysia Burkina Faso Malaysia
1996 6.1% 3.49%
1997 2.32% 2.66%
1998 5.08% 5.27%
1999 -1.07% 2.74%
2000 -0.3% 1.53%
2001 5.01% 1.42%
2002 2.18% 1.81%
2003 2.03% 1.09%
2004 -0.4% 1.42%
2005 6.42% 2.98%
2006 2.33% 3.61%
2007 -0.23% 2.03%
2008 10.7% 5.44%
2009 2.61% 0.58%
2010 -0.76% 1.62%
2011 2.76% 3.17%
2012 3.82% 1.66%
2013 0.53% 2.11%
2014 -0.26% 3.14%
2015 0.72% 2.1%
2016 0.44% 2.09%
2017 1.48% 3.87%
2018 1.96% 0.88%
2019 -3.23% 0.66%
2020 1.88% -1.14%
2021 3.65% 2.48%
2022 14.3% 3.38%
2023 0.74% 2.49%
2024 4.19% 1.83%

Top exports between countries

Burkina Faso
Export category Export value
Processed food, beverages & tobacco $6.43M
Machinery & equipment $247K
Chemicals & pharma $113K
Raw materials & minerals $40K
Textiles & consumer goods $4K
Metals $2K
Malaysia
Export category Export value
Processed food, beverages & tobacco $930K
Machinery & equipment $432K
Wood & paper products $410K
Animal & marine products $231K
Raw materials & minerals $164K
Chemicals & pharma $145K
Textiles & consumer goods $58K
Precious metals & jewellery $33K
Miscellaneous $13K
Metals $6K

Balance of trade

Burkina Faso Malaysia
Current account balance
-$1.02B
2023
$7.15B
2024
Current account balance ranking
121/189
2023
25/189
2024
Current account balance, % of GDP
-5%
2023
+1.69%
2024
Goods imports
$5.38B
2023
$223B
2024
Goods exports
$5.29B
2023
$248B
2024
Service imports
$1.45B
2023
$56.4B
2024
Service exports
$621M
2023
$53.4B
2024
Imports of goods and services, % of GDP
34.9%
2024
66%
2024
Exports of goods and services, % of GDP
28.5%
2024
71.4%
2024

Economic freedom indices

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

Burkina Faso Malaysia
Economic freedom 51 67.1
Economic freedom ranking 157/197 50/197
Property rights 28.1 66.3
Government integrity 40.7 51.1
Judicial effectiveness 35.7 66.2
Tax burden 82 83.9
Government spending 73.3 82.1
Fiscal health 13.7 48.1
Business freedom 38.6 76.6
Labor freedom 61.9 58.1
Monetary freedom 71.9 79.6
Trade freedom 61.4 83.4
Investment freedom 65 60
Financial freedom 40 50

Economic freedom by year comparison

The Economic Freedom Index for Burkina Faso is 51, ranking 157/197, compared to 67.1 for Malaysia, ranking 50/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Burkina Faso
Malaysia
Year Economic freedom index
Burkina Faso Malaysia
1995 - 71.9
1996 49.4 69.9
1997 54 66.8
1998 54.5 68.2
1999 55 68.9
2000 55.7 66
2001 56.7 60.2
2002 58.8 60.1
2003 58.9 61.1
2004 58 59.9
2005 56.6 61.9
2006 55.8 61.6
2007 55.1 63.8
2008 55.7 63.9
2009 59.5 64.6
2010 59.4 64.8
2011 60.6 66.3
2012 60.6 66.4
2013 59.9 66.1
2014 58.9 69.6
2015 58.6 70.8
2016 59.1 71.5
2017 59.6 73.8
2018 60 74.5
2019 59.4 74
2020 56.7 74.7
2021 56.5 74.4
2022 58.3 68.1
2023 56.2 67.3
2024 51.9 65.7
2025 51 67.1

More economic indicators

Burkina Faso Malaysia
Services, % of GDP
40.2%
2024
53.6%
2024
Industry, % of GDP
29.7%
2024
37.1%
2024
Agriculture, forestry, and fishing, % of GDP
18.6%
2024
8.16%
2024
GNI, Atlas method
$20.7B
2024
$415B
2024
GNI per capita, PPP
$2,770
2024
$37,500
2024
Total reserves including gold n/a
$116B
2024
Total reserves ranking n/a
24/177
2024
Net foreign direct investment
-$64.3M
2023
-$2.55B
2024
Net inflows of foreign direct investment
$82.9M
2024
$15.6B
2024
Net outflows of foreign direct investment
$2.73M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
4.41%
2023
n/a
Poverty at national poverty lines
43.2%
2021
5.8%
2023
Gross capital formation, % of GDP
27.1%
2024
21.9%
2024

GDP per capita map

GDP per capita

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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.