Burkina Faso vs Montenegro: Economic Indicators Comparison

Burkina Faso with a GDP of $14.1B ranked the 129th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Burkina Faso and Montenegro ranked 28th vs 67th and 184th vs 81st, respectively.

Gross Domestic Product & Income

StatBurkina FasoMontenegro
GDP$14.1B$5.5B
GDP growth, 1 year6%4.5%
GDP growth, 5-years average5.3%3.5%
Population19.2M622k
GDP per capita$715$8.8k
GDP per capita growth3.81%5.08%
Purchasing Power Parity conversion factor200.220.36
Price level ratio of PPP conversion factor GDP to market exchange rate0.360.43
GDP per capita, PPP adjusted$2k$19k
GNI, Atlas method$13.3B$5.2B
GNI per capita$670$8.4k
GNI, PPP adjusted$38.9B$13B
GNI per capita, PPP adjusted$2k$21k

Financial system and Human development

StatBurkina FasoMontenegro
Income Tax Rate27.5%9%
Corporate Tax Rate28%9%
Inflation, consumer prices2%2.6%
Inflation, GDP deflator2.4%3.2%
Unemployment6.1%15.5%
Economic Freedom Index56.761.5
Personal Freedom Index7.638.12
Human Freedom Index6.847.67
Property Rights Index46.959.1
Judical Effectiveness Index42.655.3
Business Freedom Index47.670.8
Fiscal Health Index49.223.4
Labor Freedom Index52.174.8
Investment Freedom Index6575
Financial Freedom Index4050
Trade Freedom Index61.883.8
Monetary Freedom Index82.480.3
Government Spending Index7732.1
Tax Burden Index81.385.4
Government Integrity Index34.147.5
Corruption Perceptions Index4145
Life expectancy at birth, years60.876.7
Suicide mortality rate, per 100,000 people7.710.3
Mortality caused by road traffic injury, per 100,000 people30.510.7
Intentional homicides, per 100,000 people1.32.4
International tourism, number of arrivals144k2.1M

Government debt & reserves

StatBurkina FasoMontenegro
Central government debt, % of GDP43%72.1%
External debt stocks, % of GNI23.4%144.1%
External debt stocks$3.3B$8B
Short-term debt, % of total reservesN/A17.2%
Total debt service, % of exports and primary income3.5%63.7%
Adjusted net savings including particulate emission damage, % of GNI-9%N/A
Gross savings, % of GDP19.1%14.9%
Gross capital formation, % of GDP24.7%31.9%
Total reserves including goldN/A$1.2B
Foreign direct investment net inflows$480M$485.7M

Exports, imports and economic structure

StatBurkina FasoMontenegro
Exports of goods and services, % of GDP30.8%42.9%
Imports of goods and services, % of GDP37.2%66.7%
Current account balance (balance of payments)-$894.1M-$943M
Revenue excluding grants, % of GDP18.9%N/A
Grants excluding technical cooperation, BoP$720.7M$57.7M
Personal remittances received$455.7M$588.9M
Industry including construction value added, % of GDP19.5%15.9%
Agriculture, forestry and fishing value added, % of GDP28%6.7%
Charges for the use of intellectual property, payments BoP$438k$6M
Charges for the use of intellectual property, receipts BoP$725k$432k
Expense, % of GDP19.5%N/A
Government Expenditure, % of GDP27.7%47.6%

Compare with countries close by GDP per capita

Burkina Faso vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

Montenegro vs

CountryGDP
per capita
Population
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M