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Economy of Burkina Faso vs Maldives compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $7.06B for Maldives, ranking 122/197 and 159/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $9.41B (133.3% of GDP) in Maldives.

Burkina Faso vs Maldives GDP by year

Burkina Faso
Maldives
1x
Year GDP, current $
Burkina Faso Maldives
2024 $23,124,729,853 $7,061,608,267
2023 $20,112,614,449 $6,621,008,704
2022 $18,622,421,395 $6,177,123,352
2021 $19,697,516,284 $5,252,457,370
2020 $17,725,010,533 $3,712,604,583
2019 $16,032,813,503 $5,726,094,799
2018 $15,890,066,221 $5,404,344,163
2017 $14,106,955,615 $4,816,426,257
2016 $12,833,363,045 $4,409,942,624
2015 $11,832,159,316 $4,129,505,319
2014 $13,943,016,077 $3,697,353,039
2013 $13,444,300,486 $3,295,009,238
2012 $12,561,015,157 $2,886,163,997
2011 $12,080,295,978 $2,774,350,240
2010 $10,109,619,741 $2,588,176,055
2009 $9,450,696,873 $2,345,294,875
2008 $9,451,435,490 $2,271,646,188
2007 $7,625,722,837 $1,868,383,461
2006 $6,547,419,820 $1,575,200,391
2005 $6,146,353,173 $1,163,362,438
2004 $5,451,688,538 $1,226,829,563
2003 $4,740,768,143 $1,052,121,055
2002 $3,622,350,063 $897,031,250
2001 $3,190,371,081 $870,031,677
2000 $2,968,370,088 $624,337,145
1999 $3,389,566,713 $589,239,754
1998 $2,804,902,367 $540,096,398
1997 $2,447,669,102 $508,223,602
1996 $2,586,550,595 $450,382,328
1995 $2,379,517,975 $398,988,955
1994 $1,895,290,637 $356,014,932
1993 $3,199,536,465 $322,417,837
1992 $3,356,692,505 $284,875,809
1991 $3,135,045,584 $244,396,762
1990 $3,101,300,779 $215,043,970
1989 $2,615,587,734 $189,514,434
1988 $2,616,040,479 $168,514,513
1987 $2,369,834,950 $141,223,029
1986 $2,036,303,358 $141,882,254
1985 $1,552,493,196 $127,190,758
1984 $1,459,880,132 $109,503,546
1983 $1,600,278,605 $57,829,787
1982 $1,754,450,096 $47,911,340
1981 $1,775,842,334 $44,781,457
1980 $1,928,719,888 $42,463,576
1979 $1,748,480,621 $38,523,364
1978 $1,475,583,645 $24,369,109
1977 $1,131,224,878 $20,853,789
1976 $976,547,188 $22,399,467
1975 $939,972,703 $24,540,878
1974 $751,133,430 $39,120,171
1973 $674,773,570 $30,862,042
1972 $578,595,522 $25,177,138
1971 $482,411,179 $21,566,404
1970 $458,404,269 $19,328,038
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/maldives | CC BY

GDP per capita in Burkina Faso vs Maldives by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $13,379 $26,183
2023 $873 $2,759 $12,588 $24,786
2022 $827 $2,645 $11,786 $22,881
2021 $896 $2,486 $10,176 $19,053
2020 $825 $2,381 $7,394 $13,425
2019 $765 $2,232 $11,740 $23,077
2018 $777 $2,073 $11,423 $21,899
2017 $709 $2,042 $10,510 $19,768
2016 $664 $1,882 $9,948 $18,770
2015 $630 $1,692 $9,645 $17,875
2014 $765 $1,661 $8,939 $16,723
2013 $760 $1,643 $8,236 $15,264
2012 $731 $1,572 $7,461 $13,989
2011 $725 $1,531 $7,425 $13,726
2010 $625 $1,449 $7,174 $12,797
2009 $602 $1,360 $6,734 $12,266
2008 $619 $1,351 $6,757 $13,779
2007 $515 $1,290 $5,758 $12,852
2006 $456 $1,244 $5,019 $12,075
2005 $441 $1,172 $3,797 $9,704
2004 $404 $1,079 $4,070 $10,770
2003 $362 $1,038 $3,549 $10,065
2002 $285.7 $974 $3,076 $8,823
2001 $259.5 $948 $3,034 $8,236
2000 $248.9 $896 $2,214 $8,526
1999 $292.8 $886 $2,124 $8,162
1998 $249.5 $838 $1,980 $7,710
1997 $223.9 $794 $1,898 $7,226
1996 $242.7 $753 $1,717 $6,687
1995 $229.1 $684 $1,555 $6,223
1994 $187.2 $650 $1,419 $5,520
1993 $324 $644 $1,317 $5,138
1992 $349 $623 $1,194 $4,881
1991 $334 $623 $1,054 $4,604
1990 $339 $567 $957 $4,528
1989 $293.2 - $870 -
1988 $301 - $799 -
1987 $280.2 - $692 -
1986 $247.5 - $720 -
1985 $194.1 - $669 -
1984 $187.8 - $594 -
1983 $211.9 - $323 -
1982 $239 - $274.8 -
1981 $248.7 - $264.1 -
1980 $277.6 - $257.6 -
1979 $258.5 - $240.2 -
1978 $223.9 - $156.1 -
1977 $176 - $137.3 -
1976 $155.5 - $151.8 -
1975 $152.9 - $171.4 -
1974 $124.7 - $281.5 -
1973 $114.1 - $228.7 -
1972 $99.6 - $192.2 -
1971 $84.5 - $169.8 -
1970 $81.7 - $156.9 -
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/maldives | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $13,379 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Maldives ranks 81st at $26,183.

Economic indicators

Burkina Faso Maldives
Gross domestic product
$23.1B
2024
$7.06B
2024
GDP rank
122/197
2024
159/197
2024
GDP growth
4.8%
2023-2024
3.49%
2023-2024
GDP per capita
$982
2024
$13,379
2024
GDP per capita rank
180/197
2024
75/197
2024
GDP per capita, PPP
$2,896
2024
$26,183
2024
GDP per capita PPP rank
181/197
2024
81/197
2024
Government debt
$13.2B
2024
$9.41B
2024
Debt-to-GDP ratio
57.2%
2024
133.3%
2024
Government debt per person
$562
2024
$17,837
2024
Government debt per person rank
162/185
2024
35/185
2024
Average annual personal income after taxes
$2,710
2026
$9,909
2026
Income share by richest 10%
30.2%
2021
23.3%
2019
Income share by poorest 10%
3%
2021
3.8%
2019
Government expenditure, % of GDP
27.8%
2024
46.1%
2024
Consumer prices inflation
4.19%
2023-2024
1.4%
2023-2024
Unemployment rate
3.44%
2024
4.56%
2019
Population
24756783
532057

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Burkina Faso Maldives
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 46.1% 133.3%
2023 29.4% 56.8% 46.7% 122.4%
2022 32.9% 59.2% 42% 111.6%
2021 27.8% 55.5% 40.6% 123.4%
2020 24.4% 43.6% 50.4% 155.7%
2019 23.3% 41.7% 32.9% 77.2%
2018 24.2% 38.1% 31.9% 70.7%
2017 26.3% 33.9% 30.4% 63.8%
2016 21.6% 32.9% 37.3% 61.9%
2015 20.4% 31.3% 33.8% 54.8%
2014 20.9% 26.1% 29.1% 55.1%
2013 25.3% 25.9% 27% 55.9%
2012 22.7% 25.2% 29.8% 57.1%
2011 20.4% 24.5% 31.3% 51.9%
2010 21.7% 23.7% 33.2% 52.7%
2009 21.5% 25.9% 37% 48.4%
2008 18.6% 24.9% 35.6% 39%
2007 22.8% 22.4% 34.8% 35.8%
2006 21.9% 20.1% 35% 36.8%
2005 20.2% 39.2% 38.8% 43.2%
2004 20.3% 40.7% 24.1% 34.7%
2003 17.6% 39.7% 26.4% 37.6%
2002 19.5% 43.3% 29.6% 44.3%
2001 19.7% 46.6% 29.6% 41.8%
2000 19.8% 47.5% 29% 39%
1999 21.4% 46.4% 28% 38.9%
1998 19.7% 47.7% 25.9% 39.3%
1997 20% 48.4% 25.2% 38.1%
1996 19.8% 45.8% 27.3% 46.9%
1995 19.4% 48.9% 31.3% 52.2%
1994 17.8% 55.1% 30.7% 54.6%
1993 17.9% 33.6% 34.7% 55.7%
1992 16.7% 29.6% 36.1% 49%
1991 17% 28.7% 37.7% 46.7%
1990 18.4% 25.6% 33.3% 42.4%
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/maldives | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Maldives spent $3.25B, or 46.1% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 133.3% in Maldives, ranking 89/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Maldives
1x
Year Deficit/surplus, % of GDP
Burkina Faso Maldives
2024 -5.84% -13.9%
2023 -6.91% -13.2%
2022 -10.9% -11.2%
2021 -7.45% -14.2%
2020 -5.16% -23.7%
2019 -3.39% -6.54%
2018 -4.43% -5.17%
2017 -6.92% -3.02%
2016 -3.08% -9.93%
2015 -2.09% -6.52%
2014 -1.74% -2.42%
2013 -3.55% -3.49%
2012 -2.76% -6.91%
2011 -2.04% -8.13%
2010 -4.06% -13.6%
2009 -4.16% -17.9%
2008 -3.63% -9.92%
2007 -5.01% -3.16%
2006 14.3% -4.52%
2005 -4.89% -7.81%
2004 -4.19% -2.26%
2003 -1.79% -3.45%
2002 -4.43% -3.97%
2001 -3.56% -3.97%
2000 -3.03% -3.89%
1999 -3.29% -3.03%
1998 -2.6% -2.25%
1997 -2.64% -1.46%
1996 -1.67% -2.01%
1995 -2.65% -5.66%
1994 -1.89% -4.82%
1993 -3.81% -13.9%
1992 -2.51% -12.6%
1991 -2.77% -10.2%
1990 -7.54% -12.8%
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/maldives | 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 Maldives' deficit of $982M, or 13.9% of GDP.

Over the past 35 years, Burkina Faso recorded a fiscal deficit in 34 of those years, while Maldives ran a deficit in 35 years. On average, Burkina Faso posted an annual deficit equal to 3.49% of GDP, compared to deficit of 7.75% of GDP for Maldives.

Inflation comparison by year

Inflation
Burkina Faso

Maldives
1x
Year Consumer prices inflation
Burkina Faso Maldives
2024 4.19% 1.4%
2023 0.74% 2.6%
2022 14.3% 2.6%
2021 3.65% 0.2%
2020 1.88% -1.6%
2019 -3.23% 1.3%
2018 1.96% 1.4%
2017 1.48% 2.3%
2016 0.44% 0.8%
2015 0.72% 1.4%
2014 -0.26% 2.4%
2013 0.53% 4%
2012 3.82% 10.9%
2011 2.76% 11.3%
2010 -0.76% 6.1%
2009 2.61% 4.5%
2008 10.7% 12%
2007 -0.23% 6.8%
2006 2.33% 3.5%
2005 6.42% 2.5%
2004 -0.4% 6.3%
2003 2.03% -2.8%
2002 2.18% 0.9%
2001 5.01% 0.7%
2000 -0.3% -1.2%
1999 -1.07% 3%
1998 5.08% -1.4%
1997 2.32% 7.6%

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/maldives | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 3.2% in Maldives. In 2024, inflation was 4.19% in Burkina Faso and 1.4% in Maldives.

Balance of trade

Burkina Faso Maldives
Current account balance
-$1.02B
2023
-$1.32B
2024
Current account balance ranking
122/190
2023
130/190
2024
Current account balance, % of GDP
-5.06%
2023
-18.7%
2024
Goods imports
$5.38B
2023
$3.46B
2024
Goods exports
$5.29B
2023
$383M
2024
Service imports
$1.45B
2023
$1.89B
2024
Service exports
$621M
2023
$5.03B
2024
Imports of goods and services, % of GDP
31.9%
2024
78.3%
2024
Exports of goods and services, % of GDP
28.6%
2024
78.2%
2024

Economic freedom indices

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

Burkina Faso Maldives
Economic freedom 49.1 47.6
Economic freedom ranking 167/197 174/197
Property rights 17.6 52.2
Government integrity 40.2 41.9
Judicial effectiveness 26.1 39.3
Tax burden 80.8 89.9
Government spending 72.9 39.5
Fiscal health 13.4 0
Business freedom 37.8 49.7
Labor freedom 62.1 54.1
Monetary freedom 71.9 76.4
Trade freedom 61 62.8
Investment freedom 65 35
Financial freedom 40 30

Economic freedom comparison by year

Burkina Faso
Maldives
1x
Year Economic freedom index
Burkina Faso Maldives
2026 49.1 47.6
2025 51 48.3
2024 51.9 47.8
2023 56.2 46.6
2022 58.3 47.3
2021 56.5 55.2
2020 56.7 56.5
2019 59.4 53.2
2018 60 51.1
2017 59.6 50.3
2016 59.1 53.9
2015 58.6 53.4
2014 58.9 51
2013 59.9 49
2012 60.6 49.2
2011 60.6 48.3
2010 59.4 49
2009 59.5 51.3
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/maldives | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Maldives
Services, % of GDP
43.9%
2024
72.1%
2024
Industry, % of GDP
26.5%
2024
9.2%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
3.84%
2024
GNI, Atlas method
$20.1B
2024
$6.15B
2024
GNI per capita, PPP
$2,720
2024
$23,400
2024
Total reserves including gold n/a
$674M
2024
Total reserves ranking n/a
150/177
2024
Net foreign direct investment
-$64.3M
2023
-$806M
2024
Net inflows of foreign direct investment
$82.9M
2024
$806M
2024
Net outflows of foreign direct investment
$2.73M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
7.95%
2024
Poverty at national poverty lines
43.2%
2021
15%
2020
Gross capital formation, % of GDP
21.9%
2024
30.8%
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/maldives | 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)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.