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Economy of Burkina Faso vs Oman compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $107B for Oman, ranking 122/197 and 70/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $38B (35.5% of GDP) in Oman.

Burkina Faso vs Oman GDP by year

Burkina Faso
Oman
1x
Year GDP, current $
Burkina Faso Oman
2024 $23,124,729,853 $107,137,198,769
2023 $20,112,614,449 $106,174,708,037
2022 $18,622,421,395 $109,852,795,839
2021 $19,697,516,284 $87,323,797,139
2020 $17,725,010,533 $75,909,492,848
2019 $16,032,813,503 $88,060,858,257
2018 $15,890,066,221 $91,505,851,756
2017 $14,106,955,615 $80,856,697,009
2016 $12,833,363,045 $75,128,738,622
2015 $11,832,159,316 $78,710,793,238
2014 $13,943,016,077 $92,699,089,727
2013 $13,444,300,486 $89,936,020,806
2012 $12,561,015,157 $87,408,842,653
2011 $12,080,295,978 $77,497,529,259
2010 $10,109,619,741 $64,993,498,049
2009 $9,450,696,873 $55,454,096,229
2008 $9,451,435,490 $69,804,681,404
2007 $7,625,722,837 $48,300,390,117
2006 $6,547,419,820 $42,577,633,290
2005 $6,146,353,173 $35,506,892,068
2004 $5,451,688,538 $28,378,933,680
2003 $4,740,768,143 $24,733,680,104
2002 $3,622,350,063 $23,065,539,662
2001 $3,190,371,081 $22,205,721,717
2000 $2,968,370,088 $22,259,557,867
1999 $3,389,566,713 $17,832,769,831
1998 $2,804,902,367 $16,044,213,264
1997 $2,447,669,102 $18,039,791,938
1996 $2,586,550,595 $17,402,080,624
1995 $2,379,517,975 $15,722,236,671
1994 $1,895,290,637 $14,715,214,564
1993 $3,199,536,465 $14,230,429,129
1992 $3,356,692,505 $14,183,615,085
1991 $3,135,045,584 $12,918,335,501
1990 $3,101,300,779 $13,310,273,082
1989 $2,615,587,734 $9,372,171,651
1988 $2,616,040,479 $8,386,215,865
1987 $2,369,834,950 $7,811,183,095
1986 $2,036,303,358 $7,324,167,369
1985 $1,552,493,196 $10,005,645,420
1984 $1,459,880,132 $8,821,443,151
1983 $1,600,278,605 $7,932,541,691
1982 $1,754,450,096 $7,554,719,456
1981 $1,775,842,334 $7,259,120,151
1980 $1,928,719,888 $5,981,760,278
1979 $1,748,480,621 $3,733,352,635
1978 $1,475,583,645 $2,740,301,390
1977 $1,131,224,878 $2,741,169,948
1976 $976,547,188 $2,560,220,035
1975 $939,972,703 $2,096,699,189
1974 $751,133,430 $1,645,917,776
1973 $674,773,570 $483,066,991
1972 $578,595,522 $366,883,548
1971 $482,411,179 $301,010,587
1970 $458,404,269 $256,319,795
1969 $478,298,645 $239,999,808
1968 $460,442,689 $188,879,849
1967 $450,753,924 $107,151,832
1966 $433,889,766 $67,759,973
1965 $422,916,790 $63,279,975
1964 $410,321,645 $61,872,526
1963 $394,040,667 $59,912,763
1962 $379,567,099 $56,273,202
1961 $350,247,234 $45,634,487
1960 $330,442,816 $44,234,656

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

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

GDP per capita in Burkina Faso vs Oman by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $20,285 $41,740
2023 $873 $2,759 $21,028 $41,945
2022 $827 $2,645 $23,224 $42,616
2021 $896 $2,486 $19,403 $38,719
2020 $825 $2,381 $16,785 $35,163
2019 $765 $2,232 $19,180 $37,251
2018 $777 $2,073 $19,902 $37,780
2017 $709 $2,042 $17,820 $33,619
2016 $664 $1,882 $17,110 $33,334
2015 $630 $1,692 $18,808 $36,058
2014 $765 $1,661 $23,161 $44,236
2013 $760 $1,643 $23,458 $47,013
2012 $731 $1,572 $24,642 $49,989
2011 $725 $1,531 $25,188 $52,393
2010 $625 $1,449 $23,570 $55,667
2009 $602 $1,360 $20,656 $55,127
2008 $619 $1,351 $26,577 $52,841
2007 $515 $1,290 $18,793 $48,627
2006 $456 $1,244 $16,931 $46,091
2005 $441 $1,172 $14,435 $43,673
2004 $404 $1,079 $11,801 $42,142
2003 $362 $1,038 $10,464 $40,935
2002 $285.7 $974 $9,869 $41,511
2001 $259.5 $948 $9,612 $41,679
2000 $248.9 $896 $9,754 $39,443
1999 $292.8 $886 $7,915 $36,792
1998 $249.5 $838 $7,219 $36,666
1997 $223.9 $794 $8,235 $36,809
1996 $242.7 $753 $8,068 $34,661
1995 $229.1 $684 $7,414 $33,598
1994 $187.2 $650 $7,068 $31,925
1993 $324 $644 $7,039 $30,987
1992 $349 $623 $7,318 $29,773
1991 $334 $623 $6,977 $28,109
1990 $339 $567 $7,546 $26,904
1989 $293.2 - $5,591 -
1988 $301 - $5,279 -
1987 $280.2 - $5,204 -
1986 $247.5 - $5,182 -
1985 $194.1 - $7,549 -
1984 $187.8 - $7,070 -
1983 $211.9 - $6,714 -
1982 $239 - $6,759 -
1981 $248.7 - $6,866 -
1980 $277.6 - $5,974 -
1979 $258.5 - $3,934 -
1978 $223.9 - $3,044 -
1977 $176 - $3,205 -
1976 $155.5 - $3,143 -
1975 $152.9 - $2,692 -
1974 $124.7 - $2,203 -
1973 $114.1 - $670 -
1972 $99.6 - $524 -
1971 $84.5 - $442 -
1970 $81.7 - $387 -
1969 $86.8 - $372 -
1968 $85 - $300 -
1967 $84.6 - $174.7 -
1966 $82.8 - $113.2 -
1965 $82.1 - $108.1 -
1964 $80.9 - $108.1 -
1963 $78.9 - $106.8 -
1962 $77.2 - $102.3 -
1961 $72.2 - $84.5 -
1960 $69.2 - $83.4 -

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

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

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Oman ranks 55th at $41,740.

Economic indicators

Burkina Faso Oman
Gross domestic product
$23.1B
2024
$107B
2024
GDP rank
122/197
2024
70/197
2024
GDP growth
4.8%
2023-2024
1.63%
2023-2024
GDP per capita
$982
2024
$20,285
2024
GDP per capita rank
180/197
2024
57/197
2024
GDP per capita, PPP
$2,896
2024
$41,740
2024
GDP per capita PPP rank
181/197
2024
55/197
2024
Government debt
$13.2B
2024
$38B
2024
Debt-to-GDP ratio
57.2%
2024
35.5%
2024
Government debt per person
$562
2024
$7,204
2024
Government debt per person rank
162/185
2024
67/185
2024
Average annual personal income after taxes
$2,710
2026
$20,894
2026
Market capitalization of domestic companies n/a
$22.3B
2022
Number of billionaires n/a
2
2025
Income share by richest 10%
30.2%
2021
n/a
Income share by poorest 10%
3%
2021
n/a
Government expenditure, % of GDP
27.8%
2024
28.7%
2024
Consumer prices inflation
4.19%
2023-2024
0.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
3.44%
2024
3.3%
2024
Population
24756783
5761708

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Burkina Faso Oman
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 28.7% 35.5%
2023 29.4% 56.8% 27.5% 37.5%
2022 32.9% 59.2% 30.9% 41.7%
2021 27.8% 55.5% 36.5% 61.9%
2020 24.4% 43.6% 44.5% 67.9%
2019 23.3% 41.7% 38.8% 52.5%
2018 24.2% 38.1% 38.3% 44.7%
2017 26.3% 33.9% 39.4% 40.1%
2016 21.6% 32.9% 44.6% 29.3%
2015 20.4% 31.3% 44.5% 13.9%
2014 20.9% 26.1% 41.4% 4.04%
2013 25.3% 25.9% 39.3% 4.66%
2012 22.7% 25.2% 38.6% 4.59%
2011 20.4% 24.5% 34.5% 4.44%
2010 21.7% 23.7% 30.6% 5.46%
2009 21.5% 25.9% 33.4% 5.8%
2008 18.6% 24.9% 25.6% 3.2%
2007 22.8% 22.4% 30.7% 4.44%
2006 21.9% 20.1% 30.1% 7.56%
2005 20.2% 39.2% 30.6% 8.39%
2004 20.3% 40.7% 34.1% 14.5%
2003 17.6% 39.7% 34% 13%
2002 19.5% 43.3% 34.1% 15.9%
2001 19.7% 46.6% 33.3% 22.5%
2000 19.8% 47.5% 31.2% 21.7%
1999 21.4% 46.4% 34.2% 28.9%
1998 19.7% 47.7% 36.1% 30.9%
1997 20% 48.4% 32.1% 20.8%
1996 19.8% 45.8% 33.5% 21.2%
1995 19.4% 48.9% 38.2% 21.9%
1994 17.8% 55.1% 39.7% 23.6%
1993 17.9% 33.6% 40.1% 22.2%
1992 16.7% 29.6% 40.1% 23.1%
1991 17% 28.7% 37.4% 22.6%
1990 18.4% 25.6% 36.5% 17.8%
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/oman | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 35.5% in Oman, ranking 89/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Oman
1x
Year Deficit/surplus, % of GDP
Burkina Faso Oman
2024 -5.84% 3.31%
2023 -6.91% 6.87%
2022 -10.9% 10.5%
2021 -7.45% -3.17%
2020 -5.16% -15.7%
2019 -3.39% -4.83%
2018 -4.43% -6.72%
2017 -6.92% -10.5%
2016 -3.08% -19.6%
2015 -2.09% -13.5%
2014 -1.74% -1.58%
2013 -3.55% 2.78%
2012 -2.76% 4.07%
2011 -2.04% 8.24%
2010 -4.06% 4.95%
2009 -4.16% -0.27%
2008 -3.63% 14.7%
2007 -5.01% 10.5%
2006 14.3% 12.2%
2005 -4.89% 11.2%
2004 -4.19% 5.43%
2003 -1.79% 5.92%
2002 -4.43% 5.31%
2001 -3.56% 7.55%
2000 -3.03% 12.2%
1999 -3.29% 0.3%
1998 -2.6% -4.37%
1997 -2.64% 4.77%
1996 -1.67% 2.22%
1995 -2.65% -3.9%
1994 -1.89% -7.47%
1993 -3.81% -6.84%
1992 -2.51% -4.85%
1991 -2.77% 0.12%
1990 -7.54% 4.78%
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/oman | 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 Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 35 years, Burkina Faso recorded a fiscal deficit in 34 of those years, while Oman ran a deficit in 14 years. On average, Burkina Faso posted an annual deficit equal to 3.49% of GDP, compared to surplus of 0.99% of GDP for Oman.

Inflation comparison by year

Inflation
Burkina Faso

Oman
1x
Year Consumer prices inflation
Burkina Faso Oman
2024 4.19% 0.6%
2023 0.74% 1%
2022 14.3% 2.5%
2021 3.65% 1.7%
2020 1.88% -0.4%
2019 -3.23% 0.5%
2018 1.96% 0.7%
2017 1.48% 1.5%
2016 0.44% 0.9%
2015 0.72% 0.1%
2014 -0.26% 1.2%
2013 0.53% 1.3%
2012 3.82% 2.9%
2011 2.76% 4.1%
2010 -0.76% 3.3%
2009 2.61% 3.5%
2008 10.7% 12.6%
2007 -0.23% 5.9%
2006 2.33% 3.2%
2005 6.42% 1.9%
2004 -0.4% 0.8%
2003 2.03% 0.2%
2002 2.18% -0.3%
2001 5.01% -0.8%
2000 -0.3% -1.2%
1999 -1.07% 0.5%
1998 5.08% 0.4%
1997 2.32% -0.4%

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/oman | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 1.72% in Oman. In 2024, inflation was 4.19% in Burkina Faso and 0.6% in Oman.

Top exports between countries

Burkina Faso
Export category Export value
Animal & marine products $222K
Raw agricultural goods $17K
Oman
Export category Export value
Machinery & equipment $80K

Balance of trade

Burkina Faso Oman
Current account balance
-$1.02B
2023
$3.07B
2024
Current account balance ranking
122/190
2023
39/190
2024
Current account balance, % of GDP
-5.06%
2023
+2.86%
2024
Goods imports
$5.38B
2023
$39.5B
2024
Goods exports
$5.29B
2023
$65.2B
2024
Service imports
$1.45B
2023
$12.8B
2024
Service exports
$621M
2023
$5.64B
2024
Imports of goods and services, % of GDP
31.9%
2024
48.8%
2024
Exports of goods and services, % of GDP
28.6%
2024
66.1%
2024

Economic freedom indices

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

Burkina Faso Oman
Economic freedom 49.1 68.5
Economic freedom ranking 167/197 45/197
Property rights 17.6 71.8
Government integrity 40.2 49.4
Judicial effectiveness 26.1 28
Tax burden 80.8 97.6
Government spending 72.9 74.7
Fiscal health 13.4 97.5
Business freedom 37.8 67.8
Labor freedom 62.1 47.7
Monetary freedom 71.9 79.2
Trade freedom 61 78.4
Investment freedom 65 70
Financial freedom 40 60

Economic freedom comparison by year

Burkina Faso
Oman
1x
Year Economic freedom index
Burkina Faso Oman
2026 49.1 68.5
2025 51 65.4
2024 51.9 62.9
2023 56.2 58.5
2022 58.3 56.6
2021 56.5 64.6
2020 56.7 63.6
2019 59.4 61
2018 60 61
2017 59.6 62.1
2016 59.1 67.1
2015 58.6 66.7
2014 58.9 67.4
2013 59.9 68.1
2012 60.6 67.9
2011 60.6 69.8
2010 59.4 67.7
2009 59.5 67
2008 55.7 67.3
2007 55.1 65.8
2006 55.8 63.7
2005 56.6 66.5
2004 58 66.9
2003 58.9 64.6
2002 58.8 64
2001 56.7 67.7
2000 55.7 64.1
1999 55 64.9
1998 54.5 64.9
1997 54 64.5
1996 49.4 65.4
1995 - 70.2

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

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Oman
Services, % of GDP
43.9%
2024
46%
2024
Industry, % of GDP
26.5%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
2.6%
2024
GNI, Atlas method
$20.1B
2024
$103B
2024
GNI per capita, PPP
$2,720
2024
$39,340
2024
Total reserves including gold n/a
$18.3B
2024
Total reserves ranking n/a
64/177
2024
Net foreign direct investment
-$64.3M
2023
-$12.6B
2024
Net inflows of foreign direct investment
$82.9M
2024
$12.5B
2024
Net outflows of foreign direct investment
$2.73M
2024
-$143M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
n/a
Poverty at national poverty lines
43.2%
2021
n/a
Gross capital formation, % of GDP
21.9%
2024
24.8%
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/oman | 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 (2021–2022, 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.