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Economy of Burkina Faso vs Malta compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $25B for Malta, ranking 122/197 and 119/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $11.5B (46.2% of GDP) in Malta.

Burkina Faso vs Malta GDP by year

Burkina Faso
Malta
1x
Year GDP, current $
Burkina Faso Malta
2024 $23,124,729,853 $24,971,574,502
2023 $20,112,614,449 $22,610,561,526
2022 $18,622,421,395 $18,928,276,162
2021 $19,697,516,284 $19,739,875,611
2020 $17,725,010,533 $16,404,663,226
2019 $16,032,813,503 $16,337,793,531
2018 $15,890,066,221 $16,153,779,511
2017 $14,106,955,615 $14,161,366,724
2016 $12,833,363,045 $12,025,782,834
2015 $11,832,159,316 $11,340,795,042
2014 $13,943,016,077 $11,888,032,874
2013 $13,444,300,486 $10,796,782,636
2012 $12,561,015,157 $9,609,532,089
2011 $12,080,295,978 $9,789,361,703
2010 $10,109,619,741 $9,097,044,159
2009 $9,450,696,873 $8,734,745,698
2008 $9,451,435,490 $9,135,419,465
2007 $7,625,722,837 $7,908,412,306
2006 $6,547,419,820 $6,749,838,806
2005 $6,146,353,173 $6,393,234,993
2004 $5,451,688,538 $6,104,141,520
2003 $4,740,768,143 $5,418,315,224
2002 $3,622,350,063 $4,455,127,414
2001 $3,190,371,081 $4,070,867,133
2000 $2,968,370,088 $4,036,809,815
1999 $3,389,566,713 $4,111,857,809
1998 $2,804,902,367 $4,010,111,688
1997 $2,447,669,102 $3,787,023,707
1996 $2,586,550,595 $3,822,547,197
1995 $2,379,517,975 $3,709,396,045
1994 $1,895,290,637 $2,998,505,428
1993 $3,199,536,465 $2,709,193,538
1992 $3,356,692,505 $3,021,942,759
1991 $3,135,045,584 $2,750,216,747
1990 $3,101,300,779 $2,547,328,748
1989 $2,615,587,734 $2,118,655,677
1988 $2,616,040,479 $2,019,503,068
1987 $2,369,834,950 $1,751,293,461
1986 $2,036,303,358 $1,435,038,441
1985 $1,552,493,196 $1,117,797,439
1984 $1,459,880,132 $1,101,807,023
1983 $1,600,278,605 $1,165,729,707
1982 $1,754,450,096 $1,234,474,404
1981 $1,775,842,334 $1,243,509,394
1980 $1,928,719,888 $1,250,198,601
1979 $1,748,480,621 $1,001,288,847
1978 $1,475,583,645 $793,673,402
1977 $1,131,224,878 $625,563,171
1976 $976,547,188 $527,936,989
1975 $939,972,703 $474,618,321
1974 $751,133,430 $376,081,124
1973 $674,773,570 $345,616,106
1972 $578,595,522 $295,106,628
1971 $482,411,179 $264,578,485
1970 $458,404,269 $250,728,796
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/malta | CC BY

GDP per capita in Burkina Faso vs Malta by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $43,899 $69,864
2023 $873 $2,759 $40,906 $67,057
2022 $827 $2,645 $35,639 $60,589
2021 $896 $2,486 $38,097 $56,852
2020 $825 $2,381 $31,823 $49,972
2019 $765 $2,232 $32,422 $51,393
2018 $777 $2,073 $33,382 $48,178
2017 $709 $2,042 $30,317 $45,764
2016 $664 $1,882 $26,459 $41,000
2015 $630 $1,692 $25,530 $38,369
2014 $765 $1,661 $27,425 $35,206
2013 $760 $1,643 $25,416 $33,138
2012 $731 $1,572 $22,878 $30,716
2011 $725 $1,531 $23,517 $29,426
2010 $625 $1,449 $21,947 $28,909
2009 $602 $1,360 $21,176 $26,782
2008 $619 $1,351 $22,315 $26,654
2007 $515 $1,290 $19,444 $25,012
2006 $456 $1,244 $16,654 $23,219
2005 $441 $1,172 $15,831 $22,227
2004 $404 $1,079 $15,212 $21,566
2003 $362 $1,038 $13,594 $20,813
2002 $285.7 $974 $11,251 $19,532
2001 $259.5 $948 $10,358 $18,435
2000 $248.9 $896 $10,348 $18,214
1999 $292.8 $886 $10,609 $16,898
1998 $249.5 $838 $10,408 $16,219
1997 $223.9 $794 $9,893 $15,465
1996 $242.7 $753 $10,062 $14,661
1995 $229.1 $684 $9,828 $13,950
1994 $187.2 $650 $8,000 $12,938
1993 $324 $644 $7,296 $12,103
1992 $349 $623 $8,220 $11,429
1991 $334 $623 $7,559 $10,784
1990 $339 $567 $7,192 $10,086
1989 $293.2 - $6,041 -
1988 $301 - $5,814 -
1987 $280.2 - $5,084 -
1986 $247.5 - $4,195 -
1985 $194.1 - $3,322 -
1984 $187.8 - $3,333 -
1983 $211.9 - $3,527 -
1982 $239 - $3,788 -
1981 $248.7 - $3,898 -
1980 $277.6 - $3,948 -
1979 $258.5 - $3,196 -
1978 $223.9 - $2,559 -
1977 $176 - $2,038 -
1976 $155.5 - $1,727 -
1975 $152.9 - $1,560 -
1974 $124.7 - $1,245 -
1973 $114.1 - $1,144 -
1972 $99.6 - $976 -
1971 $84.5 - $874 -
1970 $81.7 - $828 -
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/malta | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $43,899 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Malta ranks 25th at $69,864.

Economic indicators

Burkina Faso Malta
Gross domestic product
$23.1B
2024
$25B
2024
GDP rank
122/197
2024
119/197
2024
GDP growth
4.8%
2023-2024
6.8%
2023-2024
GDP per capita
$982
2024
$43,899
2024
GDP per capita rank
180/197
2024
28/197
2024
GDP per capita, PPP
$2,896
2024
$69,864
2024
GDP per capita PPP rank
181/197
2024
25/197
2024
Government debt
$13.2B
2024
$11.5B
2024
Debt-to-GDP ratio
57.2%
2024
46.2%
2024
Government debt per person
$562
2024
$20,269
2024
Government debt per person rank
162/185
2024
31/185
2024
Average annual personal income after taxes
$2,710
2026
$23,692
2026
Market capitalization of domestic companies n/a
$4.29B
2024
Income share by richest 10%
30.2%
2021
27.7%
2022
Income share by poorest 10%
3%
2021
2.7%
2022
Government expenditure, % of GDP
27.8%
2024
37.3%
2024
Consumer prices inflation
4.19%
2023-2024
1.65%
2023-2024
Unemployment rate
3.44%
2024
3.12%
2024
Population
24756783
581729

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Burkina Faso Malta
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 37.3% 46.2%
2023 29.4% 56.8% 36.1% 46.8%
2022 32.9% 59.2% 38.3% 50.1%
2021 27.8% 55.5% 39.4% 49.6%
2020 24.4% 43.6% 42.1% 48.6%
2019 23.3% 41.7% 34.9% 39.2%
2018 24.2% 38.1% 34.5% 41.4%
2017 26.3% 33.9% 32.7% 45.6%
2016 21.6% 32.9% 35.5% 53.1%
2015 20.4% 31.3% 37.8% 55%
2014 20.9% 26.1% 39.6% 60.7%
2013 25.3% 25.9% 40.1% 64.9%
2012 22.7% 25.2% 41.7% 65.6%
2011 20.4% 24.5% 41.5% 68.9%
2010 21.7% 23.7% 40.1% 65%
2009 21.5% 25.9% 41.1% 66%
2008 18.6% 24.9% 42.1% 61.5%
2007 22.8% 22.4% 41.2% 62%
2006 21.9% 20.1% 42.5% 64.5%
2005 20.2% 39.2% 42.5% 70.2%
2004 20.3% 40.7% 42% 70.4%
2003 17.6% 39.7% 45.6% 68.6%
2002 19.5% 43.3% 43.6% 65.1%
2001 19.7% 46.6% 44.4% 70%
2000 19.8% 47.5% 42.9% 64.4%
1999 21.4% 46.4% - 69.8%
1998 19.7% 47.7% - 66.4%
1997 20% 48.4% - 60.8%
1996 19.8% 45.8% - 51.5%
1995 19.4% 48.9% - 45.3%
1994 17.8% 55.1% - -
1993 17.9% 33.6% - -
1992 16.7% 29.6% - -
1991 17% 28.7% - -
1990 18.4% 25.6% - -
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/malta | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Malta spent $9.32B, or 37.3% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 46.2% in Malta, ranking 89/185 and 118/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Malta
1x
Year Deficit/surplus, % of GDP
Burkina Faso Malta
2024 -5.84% -3.58%
2023 -6.91% -4.65%
2022 -10.9% -5.31%
2021 -7.45% -6.95%
2020 -5.16% -8.72%
2019 -3.39% 0.72%
2018 -4.43% 1.86%
2017 -6.92% 3.4%
2016 -3.08% 1.1%
2015 -2.09% -0.84%
2014 -1.74% -1.49%
2013 -3.55% -2.19%
2012 -2.76% -3.31%
2011 -2.04% -2.99%
2010 -4.06% -2.22%
2009 -4.16% -3.11%
2008 -3.63% -4.06%
2007 -5.01% -2.05%
2006 14.3% -2.46%
2005 -4.89% -2.83%
2004 -4.19% -4.28%
2003 -1.79% -9.04%
2002 -4.43% -5.62%
2001 -3.56% -6.5%
2000 -3.03% -5.83%
1999 -3.29% -
1998 -2.6% -
1997 -2.64% -
1996 -1.67% -
1995 -2.65% -
1994 -1.89% -
1993 -3.81% -
1992 -2.51% -
1991 -2.77% -
1990 -7.54% -
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/malta | 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 Malta's deficit of $893M, or 3.58% of GDP.

Over the past 25 years, Burkina Faso recorded a fiscal deficit in 24 of those years, while Malta ran a deficit in 21 years. On average, Burkina Faso posted an annual deficit equal to 3.63% of GDP, compared to deficit of 3.24% of GDP for Malta.

Inflation comparison by year

Inflation
Burkina Faso

Malta
1x
Year Consumer prices inflation
Burkina Faso Malta
2024 4.19% 1.65%
2023 0.74% 5.09%
2022 14.3% 6.15%
2021 3.65% 1.5%
2020 1.88% 0.64%
2019 -3.23% 1.64%
2018 1.96% 1.16%
2017 1.48% 1.36%
2016 0.44% 0.64%
2015 0.72% 1.1%
2014 -0.26% 0.31%
2013 0.53% 1.18%
2012 3.82% 2.38%
2011 2.76% 2.96%
2010 -0.76% 1.52%
2009 2.61% 2.08%
2008 10.7% 4.26%
2007 -0.23% 1.25%
2006 2.33% 2.77%
2005 6.42% 3.01%
2004 -0.4% 2.79%
2003 2.03% 1.3%
2002 2.18% 2.19%
2001 5.01% 2.93%
2000 -0.3% 2.37%
1999 -1.07% 2.13%
1998 5.08% 2.39%
1997 2.32% 3.11%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 2.21% in Malta. In 2024, inflation was 4.19% in Burkina Faso and 1.65% in Malta.

Top exports between countries

Burkina Faso
Export category Export value
Raw materials & minerals $21K
Malta
Export category Export value
Processed food, beverages & tobacco $158K
Chemicals & pharma $66K
Machinery & equipment $56K
Textiles & consumer goods $24K
Metals $19K
Precious metals & jewellery $4K
Raw materials & minerals $1K

Balance of trade

Burkina Faso Malta
Current account balance
-$1.02B
2023
$1.78B
2024
Current account balance ranking
122/190
2023
47/190
2024
Current account balance, % of GDP
-5.06%
2023
+7.12%
2024
Goods imports
$5.38B
2023
$7.56B
2024
Goods exports
$5.29B
2023
$4.58B
2024
Service imports
$1.45B
2023
$17.4B
2024
Service exports
$621M
2023
$25B
2024
Imports of goods and services, % of GDP
31.9%
2024
99.7%
2024
Exports of goods and services, % of GDP
28.6%
2024
118.5%
2024

Economic freedom indices

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

Burkina Faso Malta
Economic freedom 49.1 68.2
Economic freedom ranking 167/197 49/197
Property rights 17.6 85.5
Government integrity 40.2 54.3
Judicial effectiveness 26.1 80.2
Tax burden 80.8 68.5
Government spending 72.9 58.4
Fiscal health 13.4 63.2
Business freedom 37.8 83.2
Labor freedom 62.1 62.6
Monetary freedom 71.9 73.1
Trade freedom 61 79.4
Investment freedom 65 60
Financial freedom 40 50

Economic freedom comparison by year

Burkina Faso
Malta
1x
Year Economic freedom index
Burkina Faso Malta
2026 49.1 68.2
2025 51 66.8
2024 51.9 64.5
2023 56.2 67.5
2022 58.3 71.5
2021 56.5 70.2
2020 56.7 69.5
2019 59.4 68.6
2018 60 68.5
2017 59.6 67.7
2016 59.1 66.7
2015 58.6 66.5
2014 58.9 66.4
2013 59.9 67.5
2012 60.6 67
2011 60.6 65.7
2010 59.4 67.2
2009 59.5 66.1
2008 55.7 66
2007 55.1 66.1
2006 55.8 67.3
2005 56.6 68.9
2004 58 63.3
2003 58.9 61.1
2002 58.8 62.2
2001 56.7 62.9
2000 55.7 58.3
1999 55 59.3
1998 54.5 61.2
1997 54 57.9
1996 49.4 55.8
1995 - 56.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Malta
Services, % of GDP
43.9%
2024
81.8%
2024
Industry, % of GDP
26.5%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
0.23%
2024
GNI, Atlas method
$20.1B
2024
$20.9B
2024
GNI per capita, PPP
$2,720
2024
$61,340
2024
Total reserves including gold n/a
$1.42B
2024
Total reserves ranking n/a
137/177
2024
Net foreign direct investment
-$64.3M
2023
-$6.13B
2024
Net inflows of foreign direct investment
$82.9M
2024
$42.6B
2024
Net outflows of foreign direct investment
$2.73M
2024
$36.5B
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
n/a
Poverty at national poverty lines
43.2%
2021
16.7%
2021
Gross capital formation, % of GDP
21.9%
2024
19%
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/malta | 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 (1995–2026, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.