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Economy of Burkina Faso vs Morocco compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $161B for Morocco, ranking 122/197 and 58/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Burkina Faso vs Morocco GDP by year

Burkina Faso
Morocco
1x
Year GDP, current $
Burkina Faso Morocco
2024 $23,124,729,853 $160,610,994,055
2023 $20,112,614,449 $146,036,093,667
2022 $18,622,421,395 $131,245,312,804
2021 $19,697,516,284 $142,022,058,447
2020 $17,725,010,533 $121,353,645,057
2019 $16,032,813,503 $128,920,266,409
2018 $15,890,066,221 $127,341,147,582
2017 $14,106,955,615 $118,540,573,368
2016 $12,833,363,045 $111,572,947,005
2015 $11,832,159,316 $110,413,823,842
2014 $13,943,016,077 $119,130,841,412
2013 $13,444,300,486 $115,739,287,305
2012 $12,561,015,157 $106,937,392,311
2011 $12,080,295,978 $110,080,631,332
2010 $10,109,619,741 $100,865,329,473
2009 $9,450,696,873 $101,154,952,241
2008 $9,451,435,490 $101,822,906,949
2007 $7,625,722,837 $86,947,913,287
2006 $6,547,419,820 $75,883,823,301
2005 $6,146,353,173 $68,852,658,069
2004 $5,451,688,538 $66,114,145,451
2003 $4,740,768,143 $58,029,363,354
2002 $3,622,350,063 $47,077,192,188
2001 $3,190,371,081 $43,831,480,208
2000 $2,968,370,088 $43,017,455,402
1999 $3,389,566,713 $46,266,428,648
1998 $2,804,902,367 $46,497,608,725
1997 $2,447,669,102 $39,147,844,526
1996 $2,586,550,595 $43,161,571,528
1995 $2,379,517,975 $39,030,285,468
1994 $1,895,290,637 $35,604,137,423
1993 $3,199,536,465 $31,655,473,664
1992 $3,356,692,505 $33,711,069,431
1991 $3,135,045,584 $32,285,573,574
1990 $3,101,300,779 $30,179,954,775
1989 $2,615,587,734 $26,314,313,191
1988 $2,616,040,479 $25,705,296,184
1987 $2,369,834,950 $21,765,195,948
1986 $2,036,303,358 $19,462,085,540
1985 $1,552,493,196 $14,991,283,216
1984 $1,459,880,132 $14,824,667,954
1983 $1,600,278,605 $16,251,408,128
1982 $1,754,450,096 $17,692,276,734
1981 $1,775,842,334 $17,788,185,479
1980 $1,928,719,888 $21,728,516,153
1979 $1,748,480,621 $15,911,994,817
1978 $1,475,583,645 $13,236,946,234
1977 $1,131,224,878 $11,049,783,872
1976 $976,547,188 $9,584,297,284
1975 $939,972,703 $8,984,853,005
1974 $751,133,430 $7,675,466,449
1973 $674,773,570 $6,242,145,880
1972 $578,595,522 $5,074,117,545
1971 $482,411,179 $4,356,669,034
1970 $458,404,269 $3,956,336,244
1969 $478,298,645 $3,651,622,669
1968 $460,442,689 $3,271,422,333
1967 $450,753,924 $3,046,345,314
1966 $433,889,766 $2,876,401,297
1965 $422,916,790 $2,948,331,090
1964 $410,321,645 $2,798,345,299
1963 $394,040,667 $2,657,252,578
1962 $379,567,099 $2,379,611,125
1961 $350,247,234 $2,025,693,540
1960 $330,442,816 $2,037,154,742

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Burkina Faso vs Morocco by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $4,218 $10,415
2023 $873 $2,759 $3,872 $9,895
2022 $827 $2,645 $3,516 $9,310
2021 $896 $2,486 $3,843 $8,623
2020 $825 $2,381 $3,317 $7,705
2019 $765 $2,232 $3,560 $8,046
2018 $777 $2,073 $3,553 $7,801
2017 $709 $2,042 $3,344 $8,115
2016 $664 $1,882 $3,186 $7,853
2015 $630 $1,692 $3,190 $7,799
2014 $765 $1,661 $3,483 $7,237
2013 $760 $1,643 $3,425 $7,542
2012 $731 $1,572 $3,206 $7,308
2011 $725 $1,531 $3,345 $7,274
2010 $625 $1,449 $3,107 $6,849
2009 $602 $1,360 $3,158 $6,629
2008 $619 $1,351 $3,222 $6,437
2007 $515 $1,290 $2,788 $6,058
2006 $456 $1,244 $2,466 $5,781
2005 $441 $1,172 $2,268 $5,275
2004 $404 $1,079 $2,207 $5,025
2003 $362 $1,038 $1,962 $4,741
2002 $285.7 $974 $1,612 $4,436
2001 $259.5 $948 $1,521 $4,269
2000 $248.9 $896 $1,513 $3,930
1999 $292.8 $886 $1,651 $3,801
1998 $249.5 $838 $1,683 $3,740
1997 $223.9 $794 $1,439 $3,502
1996 $242.7 $753 $1,610 $3,551
1995 $229.1 $684 $1,478 $3,152
1994 $187.2 $650 $1,369 $3,315
1993 $324 $644 $1,236 $2,979
1992 $349 $623 $1,337 $2,979
1991 $334 $623 $1,302 $3,025
1990 $339 $567 $1,238 $2,777
1989 $293.2 - $1,099 -
1988 $301 - $1,094 -
1987 $280.2 - $944 -
1986 $247.5 - $861 -
1985 $194.1 - $678 -
1984 $187.8 - $687 -
1983 $211.9 - $772 -
1982 $239 - $862 -
1981 $248.7 - $890 -
1980 $277.6 - $1,117 -
1979 $258.5 - $839 -
1978 $223.9 - $716 -
1977 $176 - $613 -
1976 $155.5 - $545 -
1975 $152.9 - $524 -
1974 $124.7 - $459 -
1973 $114.1 - $382 -
1972 $99.6 - $319 -
1971 $84.5 - $280.6 -
1970 $81.7 - $261.5 -
1969 $86.8 - $247.8 -
1968 $85 - $228 -
1967 $84.6 - $218.1 -
1966 $82.8 - $211.5 -
1965 $82.1 - $222.7 -
1964 $80.9 - $216.9 -
1963 $78.9 - $211.3 -
1962 $77.2 - $194.2 -
1961 $72.2 - $169.8 -
1960 $69.2 - $175.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Morocco ranks 132nd at $10,415.

Economic indicators

Burkina Faso Morocco
Gross domestic product
$23.1B
2024
$161B
2024
GDP rank
122/197
2024
58/197
2024
GDP growth
4.8%
2023-2024
3.79%
2023-2024
GDP per capita
$982
2024
$4,218
2024
GDP per capita rank
180/197
2024
127/197
2024
GDP per capita, PPP
$2,896
2024
$10,415
2024
GDP per capita PPP rank
181/197
2024
132/197
2024
Government debt
$13.2B
2024
$109B
2024
Debt-to-GDP ratio
57.2%
2024
67.7%
2024
Government debt per person
$562
2024
$2,857
2024
Government debt per person rank
162/185
2024
104/185
2024
Average annual personal income after taxes
$2,710
2026
$5,678
2026
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
30.2%
2021
31.9%
2013
Income share by poorest 10%
3%
2021
2.7%
2013
Government expenditure, % of GDP
27.8%
2024
33%
2024
Consumer prices inflation
4.19%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
3.44%
2024
11.8%
2022
Population
24756783
38871720

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Burkina Faso Morocco
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 33% 67.7%
2023 29.4% 56.8% 32% 68.7%
2022 32.9% 59.2% 33.7% 71.4%
2021 27.8% 55.5% 31% 69.4%
2020 24.4% 43.6% 34.1% 72.2%
2019 23.3% 41.7% 27.6% 60.3%
2018 24.2% 38.1% 27.8% 60.5%
2017 26.3% 33.9% 27.9% 60.3%
2016 21.6% 32.9% 28.6% 60.1%
2015 20.4% 31.3% 28.5% 58.4%
2014 20.9% 26.1% 30.7% 58.6%
2013 25.3% 25.9% 30.4% 57.1%
2012 22.7% 25.2% 32.5% 52.3%
2011 20.4% 24.5% 31.2% 48.6%
2010 21.7% 23.7% 28.7% 45.3%
2009 21.5% 25.9% 28.1% 42.6%
2008 18.6% 24.9% 28.3% 42%
2007 22.8% 22.4% 26.4% 47.1%
2006 21.9% 20.1% 26% 50.6%
2005 20.2% 39.2% 28.6% 54.8%
2004 20.3% 40.7% 24.5% 54.4%
2003 17.6% 39.7% 24.1% 56.9%
2002 19.5% 43.3% 25.8% 59.4%
2001 19.7% 46.6% 23.7% 60.4%
2000 19.8% 47.5% 22.8% 64.9%
1999 21.4% 46.4% 18.4% 63.4%
1998 19.7% 47.7% 18.7% 64.5%
1997 20% 48.4% 18.6% 68%
1996 19.8% 45.8% 17.6% 65.3%
1995 19.4% 48.9% 21.3% 72.2%
1994 17.8% 55.1% 21.7% 69.3%
1993 17.9% 33.6% 23.1% 74.7%
1992 16.7% 29.6% 22.3% 67%
1991 17% 28.7% 20.8% 59.1%
1990 18.4% 25.6% 22.6% 70.5%
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/morocco | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 67.7% in Morocco, ranking 89/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Morocco
1x
Year Deficit/surplus, % of GDP
Burkina Faso Morocco
2024 -5.84% -3.92%
2023 -6.91% -4.41%
2022 -10.9% -5.37%
2021 -7.45% -5.92%
2020 -5.16% -7.15%
2019 -3.39% -3.8%
2018 -4.43% -3.52%
2017 -6.92% -3.3%
2016 -3.08% -4.49%
2015 -2.09% -4.59%
2014 -1.74% -4.78%
2013 -3.55% -4.7%
2012 -2.76% -6.63%
2011 -2.04% -6.08%
2010 -4.06% -3.93%
2009 -4.16% -1.63%
2008 -3.63% 0.63%
2007 -5.01% -0.12%
2006 14.3% -1.8%
2005 -4.89% -5.46%
2004 -4.19% -3.31%
2003 -1.79% -3.74%
2002 -4.43% -4.37%
2001 -3.56% -3.79%
2000 -3.03% -1.97%
1999 -3.29% 3.21%
1998 -2.6% 1.47%
1997 -2.64% 1.5%
1996 -1.67% 0.87%
1995 -2.65% -2.54%
1994 -1.89% -2.51%
1993 -3.81% -2%
1992 -2.51% -1.84%
1991 -2.77% -0.9%
1990 -7.54% -1.32%
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/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Burkina Faso recorded a fiscal deficit in 34 of those years, while Morocco ran a deficit in 30 years. On average, Burkina Faso posted an annual deficit equal to 3.49% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Burkina Faso

Morocco
1x
Year Consumer prices inflation
Burkina Faso Morocco
2024 4.19% 0.99%
2023 0.74% 6.09%
2022 14.3% 6.66%
2021 3.65% 1.4%
2020 1.88% 0.71%
2019 -3.23% 0.3%
2018 1.96% 1.8%
2017 1.48% 0.75%
2016 0.44% 1.64%
2015 0.72% 1.56%
2014 -0.26% 0.44%
2013 0.53% 1.88%
2012 3.82% 1.29%
2011 2.76% 0.91%
2010 -0.76% 0.99%
2009 2.61% 0.97%
2008 10.7% 3.71%
2007 -0.23% 2.04%
2006 2.33% 3.28%
2005 6.42% 0.98%
2004 -0.4% 1.49%
2003 2.03% 1.17%
2002 2.18% 2.8%
2001 5.01% 0.62%
2000 -0.3% 1.89%
1999 -1.07% 0.68%
1998 5.08% 2.75%
1997 2.32% 1.04%

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

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

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 1.82% in Morocco. In 2024, inflation was 4.19% in Burkina Faso and 0.99% in Morocco.

Top exports between countries

Burkina Faso
Export category Export value
Raw materials & minerals $2.67M
Raw agricultural goods $944K
Machinery & equipment $184K
Textiles & consumer goods $101K
Wood & paper products $57K
Processed food, beverages & tobacco $22K
Metals $10K
Chemicals & pharma $2K
Animal & marine products $1K
Precious metals & jewellery $1K
Morocco
Export category Export value
Machinery & equipment $14M
Animal & marine products $13.9M
Textiles & consumer goods $11.2M
Raw materials & minerals $10.1M
Processed food, beverages & tobacco $8.67M
Chemicals & pharma $4.58M
Wood & paper products $3.22M
Metals $2.28M
Raw agricultural goods $1.06M
Miscellaneous $33K

Balance of trade

Burkina Faso Morocco
Current account balance
-$1.02B
2023
-$1.87B
2024
Current account balance ranking
122/190
2023
141/190
2024
Current account balance, % of GDP
-5.06%
2023
-1.16%
2024
Goods imports
$5.38B
2023
$66.5B
2024
Goods exports
$5.29B
2023
$39.3B
2024
Service imports
$1.45B
2023
$14.3B
2024
Service exports
$621M
2023
$28.2B
2024
Imports of goods and services, % of GDP
31.9%
2024
50.2%
2024
Exports of goods and services, % of GDP
28.6%
2024
42%
2024

Economic freedom indices

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

Burkina Faso Morocco
Economic freedom 49.1 61.8
Economic freedom ranking 167/197 91/197
Property rights 17.6 55.2
Government integrity 40.2 35.6
Judicial effectiveness 26.1 32.5
Tax burden 80.8 65.5
Government spending 72.9 67.5
Fiscal health 13.4 57.5
Business freedom 37.8 72.1
Labor freedom 62.1 46.2
Monetary freedom 71.9 79.6
Trade freedom 61 69.8
Investment freedom 65 80
Financial freedom 40 80

Economic freedom comparison by year

Burkina Faso
Morocco
1x
Year Economic freedom index
Burkina Faso Morocco
2026 49.1 61.8
2025 51 60.3
2024 51.9 56.8
2023 56.2 58.4
2022 58.3 59.2
2021 56.5 63.3
2020 56.7 63.3
2019 59.4 62.9
2018 60 61.9
2017 59.6 61.5
2016 59.1 61.3
2015 58.6 60.1
2014 58.9 58.3
2013 59.9 59.6
2012 60.6 60.2
2011 60.6 59.6
2010 59.4 59.2
2009 59.5 57.7
2008 55.7 55.6
2007 55.1 56.4
2006 55.8 51.5
2005 56.6 52.2
2004 58 56.7
2003 58.9 57.8
2002 58.8 59
2001 56.7 63.9
2000 55.7 63.2
1999 55 63.8
1998 54.5 61.1
1997 54 64.7
1996 49.4 64.3
1995 - 62.8

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

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Morocco
Services, % of GDP
43.9%
2024
52.7%
2024
Industry, % of GDP
26.5%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
10.6%
2024
GNI, Atlas method
$20.1B
2024
$149B
2024
GNI per capita, PPP
$2,720
2024
$10,260
2024
Total reserves including gold n/a
$37.1B
2024
Total reserves ranking n/a
52/177
2024
Net foreign direct investment
-$64.3M
2023
-$948M
2024
Net inflows of foreign direct investment
$82.9M
2024
$1.64B
2024
Net outflows of foreign direct investment
$2.73M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
5.63%
2024
Poverty at national poverty lines
43.2%
2021
3.9%
2022
Gross capital formation, % of GDP
21.9%
2024
30.1%
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/morocco | 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 (2021–2024, 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.