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Economy of Burkina Faso vs Montenegro compared: GDP & Debt

Updated on by Georank

Burkina Faso has a GDP of $27.6B compared to $9.23B for Montenegro, ranking 119/197 and 155/197 by economy size, respectively.

Burkina Faso has $14.4B in government debt (52% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

Burkina Faso vs Montenegro GDP by year

Burkina Faso
Montenegro
1x
Year GDP, current $
Burkina Faso Montenegro
2025 $27,627,297,461 $9,232,801,465
2024 $23,136,514,856 $8,274,290,506
2023 $20,106,062,972 $7,643,318,276
2022 $18,622,421,395 $6,259,721,790
2021 $19,697,516,284 $5,822,908,964
2020 $17,725,010,533 $4,734,192,593
2019 $16,032,813,503 $5,483,622,632
2018 $15,890,066,221 $5,433,469,311
2017 $14,106,955,615 $4,803,964,684
2016 $12,833,363,045 $4,357,467,226
2015 $11,832,159,316 $4,010,884,107
2014 $13,943,016,077 $4,579,635,404
2013 $13,444,300,486 $4,422,097,042
2012 $12,561,015,157 $4,071,828,832
2011 $12,080,295,978 $4,507,127,585
2010 $10,109,619,741 $4,136,936,244
2009 $9,450,696,873 $4,159,063,347
2008 $9,451,435,490 $4,559,410,049
2007 $7,625,722,837 $3,682,586,459
2006 $6,547,419,820 $2,719,979,875
2005 $6,146,353,173 $2,258,016,380
2004 $5,451,688,538 $2,077,046,942
2003 $4,740,768,143 $1,708,196,981
2002 $3,622,350,063 $1,286,314,054
2001 $3,190,371,081 $1,159,869,246
2000 $2,968,370,088 $984,293,044
1999 $3,389,566,713 $828,950,327
1998 $2,804,902,367 $854,261,161
1997 $2,447,669,102 $838,288,806
1996 $2,586,550,595 -
1995 $2,379,517,975 -
1994 $1,895,290,637 -
1993 $3,199,536,465 -
1992 $3,356,692,505 -
1991 $3,135,045,584 -
1990 $3,101,300,779 -
1989 $2,615,587,734 -
1988 $2,616,040,479 -
1987 $2,369,834,950 -
1986 $2,036,303,358 -
1985 $1,552,493,196 -
1984 $1,459,880,132 -
1983 $1,600,278,605 -
1982 $1,754,450,096 -
1981 $1,775,842,334 -
1980 $1,928,719,888 -
1979 $1,748,480,621 -
1978 $1,475,583,645 -
1977 $1,131,224,878 -
1976 $976,547,188 -
1975 $939,972,703 -
1974 $751,133,430 -
1973 $674,773,570 -
1972 $578,595,522 -
1971 $482,411,179 -
1970 $458,404,269 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Burkina Faso vs Montenegro by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,148 - $14,817 -
2024 $982 $2,896 $13,270 $34,063
2023 $873 $2,759 $12,258 $31,863
2022 $827 $2,645 $10,038 $28,050
2021 $896 $2,486 $9,316 $23,690
2020 $825 $2,381 $7,555 $20,625
2019 $765 $2,232 $8,749 $23,706
2018 $777 $2,073 $8,674 $21,084
2017 $709 $2,042 $7,674 $19,357
2016 $664 $1,882 $6,968 $18,030
2015 $630 $1,692 $6,421 $16,092
2014 $765 $1,661 $7,342 $15,276
2013 $760 $1,643 $7,103 $14,692
2012 $731 $1,572 $6,552 $13,793
2011 $725 $1,531 $7,266 $14,347
2010 $625 $1,449 $6,679 $13,612
2009 $602 $1,360 $6,727 $12,976
2008 $619 $1,351 $7,390 $13,802
2007 $515 $1,290 $5,979 $12,452
2006 $456 $1,244 $4,423 $10,440
2005 $441 $1,172 $3,676 $8,314
2004 $404 $1,079 $3,386 $7,841
2003 $362 $1,038 $2,790 $7,340
2002 $285.7 $974 $2,109 $7,100
2001 $259.5 $948 $1,910 $6,772
2000 $248.9 $896 $1,627 $6,004
1999 $292.8 $886 $1,368 $5,684
1998 $249.5 $838 $1,406 $6,170
1997 $223.9 $794 $1,375 $5,798
1996 $242.7 $753 - -
1995 $229.1 $684 - -
1994 $187.2 $650 - -
1993 $324 $644 - -
1992 $349 $623 - -
1991 $334 $623 - -
1990 $339 $567 - -
1989 $293.2 - - -
1988 $301 - - -
1987 $280.2 - - -
1986 $247.5 - - -
1985 $194.1 - - -
1984 $187.8 - - -
1983 $211.9 - - -
1982 $239 - - -
1981 $248.7 - - -
1980 $277.6 - - -
1979 $258.5 - - -
1978 $223.9 - - -
1977 $176 - - -
1976 $155.5 - - -
1975 $152.9 - - -
1974 $124.7 - - -
1973 $114.1 - - -
1972 $99.6 - - -
1971 $84.5 - - -
1970 $81.7 - - -
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 (1960–2025, retrieved 2026-07-08).

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

Burkina Faso's GDP per capita is $1,148, ranking 176/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Montenegro ranks 65th at $34,063.

Economic indicators

Burkina Faso Montenegro
Gross domestic product
$27.6B
2025
$9.23B
2025
GDP rank
119/197
2025
155/197
2025
GDP growth
5.29%
2024-2025
2.74%
2024-2025
GDP per capita
$1,148
2025
$14,817
2025
GDP per capita rank
176/197
2025
71/197
2025
GDP per capita, PPP
$2,896
2024
$34,063
2024
GDP per capita PPP rank
181/197
2024
65/197
2024
Government debt
$14.4B
2025
$6.19B
2025
Debt-to-GDP ratio
52%
2025
67.1%
2025
Government debt per person
$597
2025
$9,942
2025
Government debt per person rank
163/185
2025
61/185
2025
Average annual personal income after taxes
$1,632
2026
$12,768
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Income share by richest 10%
30.2%
2021
24.7%
2021
Income share by poorest 10%
3%
2021
2.1%
2021
Government expenditure, % of GDP
26.1%
2025
43.9%
2025
Consumer prices inflation
-0.59%
2024-2025
3.9%
2024-2025
Unemployment rate
7.09%
2025
11.5%
2024
Population
24880655
613759

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Burkina Faso Montenegro
Government spending Government debt Government spending Government debt
2025 26.1% 52% 43.9% 67.1%
2024 27.8% 57.2% 44.1% 60.8%
2023 29.4% 56.8% 40.4% 59.6%
2022 32.9% 59.2% 42.2% 70.3%
2021 27.8% 55.5% 45.1% 86.2%
2020 24.4% 43.6% 54.9% 108.4%
2019 23.3% 41.7% 44.4% 79.6%
2018 24.2% 38.1% 47.8% 72.9%
2017 26.3% 33.9% 47.6% 66.9%
2016 21.6% 32.9% 47.7% 66.7%
2015 20.4% 31.3% 46.9% 69.5%
2014 20.9% 26.1% 44.3% 63.6%
2013 25.3% 25.9% 46.3% 59.2%
2012 22.7% 25.2% 45.9% 57.1%
2011 20.4% 24.5% 45.7% 49%
2010 21.7% 23.7% 46.7% 45.1%
2009 21.5% 25.9% 51.5% 43.9%
2008 18.6% 24.9% 51.2% 34.2%
2007 22.8% 22.4% 43.9% 31.8%
2006 21.9% 20.1% 42.6% 36.7%
2005 20.2% 39.2% 38.2% 38.6%
2004 20.3% 40.7% 40% 45.4%
2003 17.6% 39.7% 43.3% 48.6%
2002 19.5% 43.3% 37.5% 85.7%
2001 19.7% 46.6% - -
2000 19.8% 47.5% - -
1999 21.4% 46.4% - -
1998 19.7% 47.7% - -
1997 20% 48.4% - -
1996 19.8% 45.8% - -
1995 19.4% 48.9% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-07-08).

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

In 2025, Burkina Faso's government spending was $7.21B, accounting for 26.1% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 52% in Burkina Faso and 67.1% in Montenegro, ranking 100/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Montenegro
1x
Year Deficit/surplus, % of GDP
Burkina Faso Montenegro
2025 -3.54% -3.61%
2024 -5.84% -3.44%
2023 -6.91% 0.38%
2022 -10.9% -4.05%
2021 -7.45% -1.37%
2020 -5.16% -10.9%
2019 -3.39% -1.74%
2018 -4.43% -6.3%
2017 -6.92% -6.89%
2016 -3.08% -6.21%
2015 -2.09% -6.03%
2014 -1.74% -0.7%
2013 -3.55% -4.54%
2012 -2.76% -5.87%
2011 -2.04% -6.79%
2010 -4.06% -4.88%
2009 -4.16% -6.74%
2008 -3.63% -2.3%
2007 -5.01% 8.44%
2006 14.3% 4.34%
2005 -4.89% -1.42%
2004 -4.19% -2.45%
2003 -1.79% -4.06%
2002 -4.43% -1.44%
2001 -3.56% -
2000 -3.03% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

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

In 2025, Burkina Faso's government deficit, the difference between spending and revenue, was $978M, equivalent to 3.54% of GDP. This compares to Montenegro's deficit of $334M, or 3.61% of GDP.

Over the past 24 years, Burkina Faso recorded a fiscal deficit in 23 of those years, while Montenegro ran a deficit in 21 years. On average, Burkina Faso posted an annual deficit equal to 3.65% of GDP, compared to deficit of 3.27% of GDP for Montenegro.

Inflation comparison by year

Inflation
Burkina Faso

Montenegro
1x
Year Consumer prices inflation
Burkina Faso Montenegro
2025 -0.59% 3.9%
2024 4.19% 3.3%
2023 0.74% 8.6%
2022 14.3% 13%
2021 3.65% 2.4%
2020 1.88% -0.3%
2019 -3.23% 0.4%
2018 1.96% 2.6%
2017 1.48% 2.4%
2016 0.44% -0.3%
2015 0.72% 1.5%
2014 -0.26% -0.7%
2013 0.53% 2.2%
2012 3.82% 4.1%
2011 2.76% 3.5%
2010 -0.76% 0.4%
2009 2.61% 3.6%
2008 10.7% 9%
2007 -0.23% 3.4%
2006 2.33% 2.1%
2005 6.42% 3.4%
2004 -0.4% 3.1%
2003 2.03% 7.5%
2002 2.18% 19.7%
2001 5.01% 23.7%
2000 -0.3% 29.9%
1999 -1.07% -
1998 5.08% -
1997 2.32% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2000–2025, retrieved 2026-07-08).

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

Over the past 26 years, Burkina Faso has recorded an average annual inflation rate of 2.38%, compared with 5.86% in Montenegro. In 2025, inflation was -0.59% in Burkina Faso and 3.9% in Montenegro.

Balance of trade

Burkina Faso Montenegro
Current account balance
-$918M
2024
-$1.88B
2025
Current account balance ranking
114/190
2024
140/190
2025
Current account balance, % of GDP
-3.97%
2024
-20.4%
2025
Goods imports
$5.82B
2024
$4.91B
2025
Goods exports
$6.12B
2024
$663M
2025
Service imports
$1.47B
2024
$1.24B
2025
Service exports
$630M
2024
$3.07B
2025
Imports of goods and services, % of GDP
30%
2025
65.7%
2025
Exports of goods and services, % of GDP
35%
2025
40.1%
2025

Economic freedom indices

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

Burkina Faso Montenegro
Economic freedom 49.1 63.8
Economic freedom ranking 167/197 78/197
Property rights 17.6 60.9
Government integrity 40.2 49.9
Judicial effectiveness 26.1 51.5
Tax burden 80.8 88.7
Government spending 72.9 47.6
Fiscal health 13.4 86.2
Business freedom 37.8 68.4
Labor freedom 62.1 59.4
Monetary freedom 71.9 75.2
Trade freedom 61 78.4
Investment freedom 65 50
Financial freedom 40 50

Economic freedom comparison by year

Burkina Faso
Montenegro
1x
Year Economic freedom index
Burkina Faso Montenegro
2026 49.1 63.8
2025 51 63.8
2024 51.9 59.7
2023 56.2 60.9
2022 58.3 57.8
2021 56.5 63.4
2020 56.7 61.5
2019 59.4 60.5
2018 60 64.3
2017 59.6 62
2016 59.1 64.9
2015 58.6 64.7
2014 58.9 63.6
2013 59.9 62.6
2012 60.6 62.5
2011 60.6 62.5
2010 59.4 63.6
2009 59.5 58.2
2008 55.7 -
2007 55.1 -
2006 55.8 -
2005 56.6 -
2004 58 -
2003 58.9 43.5
2002 58.8 46.6
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 2026-07-08).

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 63.8 for Montenegro, ranking 78/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Montenegro
Services, % of GDP
41.5%
2025
63.4%
2025
Industry, % of GDP
30.1%
2025
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
19.9%
2025
3.37%
2025
GNI, Atlas method
$23.6B
2025
$8.82B
2025
GNI per capita, PPP
$2,890
2025
$35,700
2025
Total reserves including gold n/a
$2.2B
2025
Total reserves ranking n/a
126/177
2025
Net foreign direct investment
$259M
2024
-$601M
2025
Net inflows of foreign direct investment
-$202M
2024
$599M
2024
Net outflows of foreign direct investment
$57M
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI
4.06%
2024
15%
2024
Poverty at national poverty lines
43.2%
2021
20%
2023
Gross capital formation, % of GDP
17.2%
2025
26.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.