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Economy of Burkina Faso vs Poland compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.3B compared to $915B for Poland, ranking 122/197 and 21/197 by economy size, respectively.

Burkina Faso has $12.2B in government debt (50.2% of GDP), compared to $506B (60.7% of GDP) in Poland.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Burkina Faso
GDP, current $

GDP, constant 2015 $
Poland
GDP, current $

GDP, constant 2015 $
Year GDP
Burkina Faso Poland
Current $ Constant $ Current $ Constant $
1960 $330,442,816 $1,166,782,786 - -
1961 $350,247,234 $1,213,966,642 - -
1962 $379,567,099 $1,288,368,214 - -
1963 $394,040,667 $1,272,031,494 - -
1964 $410,321,645 $1,301,069,674 - -
1965 $422,916,790 $1,350,049,032 - -
1966 $433,889,766 $1,357,307,072 - -
1967 $450,753,924 $1,477,066,551 - -
1968 $460,442,689 $1,522,423,925 - -
1969 $478,298,645 $1,553,269,468 - -
1970 $458,404,269 $1,555,087,098 - -
1971 $482,411,179 $1,577,065,764 - -
1972 $578,595,522 $1,613,519,619 - -
1973 $674,773,570 $1,620,769,605 - -
1974 $751,133,430 $1,755,073,487 - -
1975 $939,972,703 $1,807,697,310 - -
1976 $976,547,188 $1,961,982,376 - -
1977 $1,131,224,878 $1,969,248,648 - -
1978 $1,475,583,645 $2,059,988,180 - -
1979 $1,748,480,621 $2,135,478,950 - -
1980 $1,928,719,888 $2,152,496,130 - -
1981 $1,775,842,334 $2,244,091,371 - -
1982 $1,754,450,096 $2,458,675,800 - -
1983 $1,600,278,605 $2,467,182,444 - -
1984 $1,459,880,132 $2,423,298,751 - -
1985 $1,552,493,196 $2,629,699,951 - -
1986 $2,036,303,358 $2,838,902,120 - -
1987 $2,369,834,950 $2,832,192,750 - -
1988 $2,616,040,479 $2,996,335,114 - -
1989 $2,615,587,734 $3,060,764,327 - -
1990 $3,101,300,779 $3,042,310,108 $65,977,748,211 $194,797,367,585
1991 $3,135,045,584 $3,318,247,161 $85,500,935,935 $181,131,204,775
1992 $3,356,692,505 $3,325,969,080 $94,337,050,693 $185,686,615,838
1993 $3,199,536,465 $3,441,093,673 $96,043,157,273 $192,628,157,713
1994 $1,895,290,637 $3,486,344,305 $110,803,635,288 $202,823,584,826
1995 $2,379,517,975 $3,685,636,779 $142,838,527,115 $218,906,804,616
1996 $2,586,550,595 $4,091,600,230 $160,813,026,223 $232,246,717,071
1997 $2,447,669,102 $4,350,059,855 $159,893,964,917 $247,015,068,311
1998 $2,804,902,367 $4,667,950,033 $175,282,269,667 $258,431,144,714
1999 $3,389,566,713 $5,013,156,038 $170,704,452,715 $270,575,301,764
2000 $2,968,370,088 $5,107,828,181 $172,953,527,033 $283,174,187,558
2001 $3,190,371,081 $5,445,629,584 $191,823,200,371 $286,667,833,930
2002 $3,622,350,063 $5,682,675,870 $199,694,463,256 $292,117,946,677
2003 $4,740,768,143 $6,126,066,307 $218,561,225,998 $302,410,346,200
2004 $5,451,688,538 $6,400,419,255 $256,268,656,145 $317,805,438,387
2005 $6,146,353,173 $6,954,815,456 $306,999,913,151 $328,168,510,413
2006 $6,547,419,820 $7,389,711,521 $345,897,630,736 $348,521,872,927
2007 $7,625,722,837 $7,693,530,570 $429,715,132,138 $372,083,512,402
2008 $9,451,435,490 $8,139,754,707 $535,612,030,672 $388,394,800,371
2009 $9,450,696,873 $8,380,850,242 $440,891,472,247 $398,551,823,849
2010 $10,109,619,741 $9,088,720,452 $478,111,630,684 $411,181,642,128
2011 $12,080,295,978 $9,690,626,654 $527,848,543,023 $432,791,139,408
2012 $12,561,015,157 $10,315,931,044 $498,148,649,703 $439,333,996,551
2013 $13,444,300,486 $10,913,490,102 $518,179,836,405 $442,340,098,156
2014 $13,943,016,077 $11,385,699,970 $542,134,167,179 $459,682,079,851
2015 $11,832,159,316 $11,832,159,316 $480,054,118,583 $480,054,118,583
2016 $12,833,363,045 $12,537,116,612 $473,259,623,976 $494,605,411,858
2017 $14,106,955,615 $13,314,855,313 $528,356,723,263 $520,089,746,651
2018 $15,890,066,221 $14,194,244,129 $594,616,632,477 $552,573,816,156
2019 $16,032,813,503 $15,030,172,259 $602,683,770,145 $577,884,228,678
2020 $17,725,010,533 $15,332,394,849 $605,914,186,118 $566,120,997,480
2021 $19,697,516,284 $16,396,850,183 $689,170,171,187 $605,337,233,055
2022 $18,820,218,691 $16,642,350,340 $695,607,522,885 $637,150,470,885
2023 $20,324,617,845 $17,134,994,111 $812,451,128,979 $638,740,867,489
2024 $23,250,214,910 $17,989,191,218 $914,696,430,325 $657,413,741,876

Economic indicators

Burkina Faso Poland
Gross domestic product
$23.3B
2024
$915B
2024
GDP rank
122/197
2024
21/197
2024
GDP growth
14.4%
2023-2024
12.6%
2023-2024
GDP per capita
$987
2024
$25,023
2024
GDP per capita rank
179/197
2024
48/197
2024
GDP per capita, PPP
$2,896
2024
$50,378
2024
Government debt
$12.2B
2024
$506B
2024
Debt-to-GDP ratio
50.2%
2025
60.7%
2025
Government debt per person
$520
2024
$13,833
2024
Government debt per person rank
166/185
2024
41/185
2024
Average annual personal income after taxes
$2,810
2025
$19,229
2025
Market capitalization of domestic companies n/a
$197B
2024
Number of billionaires n/a
10
2025
Income share by richest 10%
30.2%
2021
22.9%
2023
Income share by poorest 10%
3%
2021
3.3%
2023
Government expenditure, % of GDP
24.1%
2025
50.1%
2025
Consumer prices inflation
4.19%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4.75%
2025
Unemployment rate
3.44%
2024
2.81%
2024
Population
24497999
36176920

GDP per capita in Burkina Faso vs Poland

Burkina Faso's GDP per capita is $987, ranking 179/197, compared to $25,023 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 182nd at $2,896, while Poland ranks 44th at $50,378.

Burkina Faso
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
Year Current $
Burkina Faso Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $69.2 - - -
1961 $72.2 - - -
1962 $77.2 - - -
1963 $78.9 - - -
1964 $80.9 - - -
1965 $82.1 - - -
1966 $82.8 - - -
1967 $84.6 - - -
1968 $85 - - -
1969 $86.8 - - -
1970 $81.7 - - -
1971 $84.5 - - -
1972 $99.6 - - -
1973 $114.1 - - -
1974 $124.7 - - -
1975 $152.9 - - -
1976 $155.5 - - -
1977 $176 - - -
1978 $223.9 - - -
1979 $258.5 - - -
1980 $277.6 - - -
1981 $248.7 - - -
1982 $239 - - -
1983 $211.9 - - -
1984 $187.8 - - -
1985 $194.1 - - -
1986 $247.5 - - -
1987 $280.2 - - -
1988 $301 - - -
1989 $293.2 - - -
1990 $339 $567 $1,731 $6,181
1991 $334 $623 $2,236 $5,921
1992 $349 $623 $2,459 $6,189
1993 $324 $644 $2,497 $6,556
1994 $187.2 $650 $2,875 $7,035
1995 $229.1 $684 $3,701 $7,709
1996 $242.7 $753 $4,164 $8,307
1997 $223.9 $794 $4,137 $8,965
1998 $249.5 $838 $4,534 $9,520
1999 $292.8 $886 $4,416 $10,081
2000 $248.9 $896 $4,521 $10,719
2001 $259.5 $948 $5,015 $11,176
2002 $285.7 $974 $5,223 $11,841
2003 $362 $1,038 $5,721 $12,330
2004 $404 $1,079 $6,712 $13,415
2005 $441 $1,172 $8,044 $13,936
2006 $456 $1,244 $9,069 $15,208
2007 $515 $1,290 $11,273 $16,834
2008 $619 $1,351 $14,049 $18,372
2009 $602 $1,360 $11,556 $19,290
2010 $625 $1,449 $12,568 $20,993
2011 $725 $1,531 $13,868 $22,809
2012 $731 $1,572 $13,087 $23,728
2013 $760 $1,643 $13,622 $24,434
2014 $765 $1,661 $14,262 $25,460
2015 $630 $1,692 $12,638 $26,995
2016 $664 $1,882 $12,464 $28,360
2017 $709 $2,042 $13,913 $30,170
2018 $777 $2,073 $15,658 $32,345
2019 $765 $2,232 $15,875 $35,882
2020 $825 $2,381 $16,151 $37,089
2021 $896 $2,486 $18,636 $41,060
2022 $836 $2,642 $18,891 $46,077
2023 $883 $2,755 $22,145 $46,758
2024 $987 $2,896 $25,023 $50,378

Spending and national debt comparison

In 2024, Burkina Faso's government spending was $6.21B, accounting for 24.1% of its GDP, while Poland's spent $454B, or 50.1% of GDP.

Debt-to-GDP ratio is 50.2% in Burkina Faso and 60.7% in Poland, ranking 110/185 and 75/185, respectively.

Burkina Faso
Government spending

Government debt
Poland
Government spending

Government debt
Year % of GDP
Burkina Faso Poland
Government spending Government debt Government spending Government debt
1960 - - 39.2% -
1961 - - 42.8% -
1962 - - 43% -
1963 - - 33.3% -
1964 - - 33.5% -
1965 - - 31.8% -
1966 - - 31.7% -
1967 - - 29.6% -
1968 - - 27.3% -
1969 - - 26.3% -
1970 - - 25.8% -
1971 - - 24.1% -
1972 - - 24.1% -
1973 - - 24.5% -
1974 - - 28.6% -
1975 - - 34.1% -
1976 - - 34.8% -
1977 - - 35.6% -
1978 - - 35.8% -
1979 - - 35.6% -
1980 - - - -
1981 - - - -
1982 - - - -
1983 - - - -
1984 - - - -
1985 11.5% 28.5% - -
1986 16.3% 27.6% - -
1987 19.2% 30.7% - -
1988 16.2% 28.8% - -
1989 14.2% 25.5% - -
1990 18.4% 25.6% - 90%
1991 17% 28.7% - 77.2%
1992 16.7% 29.6% - 82.2%
1993 17.9% 33.6% - 84.2%
1994 17.8% 55.1% - 64.5%
1995 19.4% 48.9% 47.5% 48.7%
1996 19.8% 45.8% 50.7% 43.2%
1997 20% 48.4% 46.1% 42.7%
1998 19.7% 47.7% 44% 38.7%
1999 21.4% 46.4% 42.5% 39.4%
2000 19.8% 47.5% 43.1% 36.4%
2001 19.7% 46.6% 44.7% 37.2%
2002 19.5% 43.3% 45.1% 41.6%
2003 17.6% 39.7% 45.5% 46.4%
2004 20.3% 40.7% 43.3% 44.9%
2005 20.2% 39.2% 44.1% 46.5%
2006 21.9% 20.1% 44.3% 47.1%
2007 22.8% 22.4% 42.8% 44.4%
2008 18.6% 24.9% 44% 46.6%
2009 21.5% 25.9% 44.9% 49.7%
2010 21.7% 22.7% 46% 53.7%
2011 20.4% 28.4% 44.1% 54.8%
2012 22.7% 25.2% 43.2% 54.5%
2013 25.3% 25.9% 43.2% 56.9%
2014 20.9% 26.1% 42.7% 51.1%
2015 20.4% 31.3% 41.5% 51.1%
2016 21.6% 32.9% 41.1% 54.1%
2017 26.3% 33.9% 41.1% 50.4%
2018 24.2% 38.1% 41% 48.2%
2019 23.3% 41.7% 41.4% 45.2%
2020 24.4% 43.6% 47.7% 56.6%
2021 27.8% 55.4% 43.6% 53%
2022 31.3% 56.4% 43.3% 48.8%
2023 27.9% 52.7% 47% 49.7%
2024 26.7% 52.7% 49.7% 55.3%
2025 24.1% 50.2% 50.1% 60.7%

Government deficit by year

In 2024, Burkina Faso's government deficit, the difference between spending and revenue, was -$1.32B, equivalent to -5.68% of GDP. This compares to Poland's deficit of -$60.2B, or -6.58% of GDP.

Over the past 30 years, Burkina Faso recorded a fiscal deficit in 29 of those years, while Poland ran a deficit in 30 years. On average, Burkina Faso posted an annual deficit equal to -3.42% of GDP, compared to deficit of -4.02% of GDP for Poland.

Deficit/surplus
Burkina Faso

Poland
Year Deficit/surplus, % of GDP
Burkina Faso Poland
1985 -1.21% -
1986 -5.1% -
1987 -5.27% -
1988 -4.32% -
1989 1.96% -
1990 -7.54% -
1991 -2.77% -
1992 -2.51% -
1993 -3.81% -
1994 -1.89% -
1995 -2.65% -4.39%
1996 -1.67% -4.84%
1997 -2.64% -4.61%
1998 -2.6% -4.25%
1999 -3.29% -2.3%
2000 -3.03% -4%
2001 -3.56% -4.73%
2002 -4.43% -4.8%
2003 -1.79% -6.02%
2004 -4.19% -4.99%
2005 -4.89% -3.93%
2006 14.3% -3.53%
2007 -5.01% -1.88%
2008 -3.63% -3.6%
2009 -4.16% -7.24%
2010 -4.06% -7.43%
2011 -2.04% -4.97%
2012 -2.76% -3.8%
2013 -3.55% -4.25%
2014 -1.74% -3.66%
2015 -2.09% -2.59%
2016 -3.08% -2.38%
2017 -6.92% -1.49%
2018 -4.43% -0.24%
2019 -3.39% -0.73%
2020 -5.16% -6.85%
2021 -7.43% -1.75%
2022 -10.4% -3.43%
2023 -6.56% -5.29%
2024 -5.68% -6.58%
2025 -4.31% -6.16%

Inflation comparison by year

Over the past 29 years, Burkina Faso has recorded an average annual inflation rate of 2.58%, compared with 4.92% in Poland. In 2024, inflation was 4.19% in Burkina Faso and 3.78% in Poland.

Inflation
Burkina Faso

Poland
Year Inflation
Burkina Faso Poland Burkina Faso Poland
1996 6.1% 19.8%
1997 2.32% 14.9%
1998 5.08% 11.6%
1999 -1.07% 7.15%
2000 -0.3% 9.9%
2001 5.01% 5.41%
2002 2.18% 1.91%
2003 2.03% 0.68%
2004 -0.4% 3.38%
2005 6.42% 2.18%
2006 2.33% 1.28%
2007 -0.23% 2.46%
2008 10.7% 4.16%
2009 2.61% 3.8%
2010 -0.76% 2.58%
2011 2.76% 4.24%
2012 3.82% 3.56%
2013 0.53% 0.99%
2014 -0.26% 0.05%
2015 0.72% -0.87%
2016 0.44% -0.66%
2017 1.48% 2.08%
2018 1.96% 1.81%
2019 -3.23% 2.23%
2020 1.88% 3.37%
2021 3.65% 5.06%
2022 14.3% 14.4%
2023 0.74% 11.5%
2024 4.19% 3.78%

Top exports between countries

Burkina Faso
Export category Export value
Raw agricultural goods $145K
Precious metals & jewellery $29K
Raw materials & minerals $13K
Textiles & consumer goods $9K
Chemicals & pharma $4K
Machinery & equipment $4K
Poland
Export category Export value
Raw agricultural goods $10.4M
Processed food, beverages & tobacco $9.49M
Raw materials & minerals $5.17M
Machinery & equipment $3.67M
Animal & marine products $2.91M
Textiles & consumer goods $655K
Metals $485K
Chemicals & pharma $240K
Wood & paper products $49K
Miscellaneous $12K

Balance of trade

Burkina Faso Poland
Current account balance
-$1.02B
2023
-$341M
2024
Current account balance ranking
121/189
2023
98/189
2024
Current account balance, % of GDP
-5%
2023
-0.04%
2024
Goods imports
$5.38B
2023
$367B
2024
Goods exports
$5.29B
2023
$360B
2024
Service imports
$1.45B
2023
$75.2B
2024
Service exports
$621M
2023
$119B
2024
Imports of goods and services, % of GDP
34.9%
2024
48.3%
2024
Exports of goods and services, % of GDP
28.5%
2024
52.3%
2024

Economic freedom indices

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

Burkina Faso Poland
Economic freedom 51 67.1
Economic freedom ranking 157/197 51/197
Property rights 28.1 72.3
Government integrity 40.7 58.4
Judicial effectiveness 35.7 52.3
Tax burden 82 73.8
Government spending 73.3 39.7
Fiscal health 13.7 75.9
Business freedom 38.6 77.8
Labor freedom 61.9 56.8
Monetary freedom 71.9 68.5
Trade freedom 61.4 79.6
Investment freedom 65 80
Financial freedom 40 70

Economic freedom by year comparison

The Economic Freedom Index for Burkina Faso is 51, ranking 157/197, compared to 67.1 for Poland, ranking 51/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Burkina Faso
Poland
Year Economic freedom index
Burkina Faso Poland
1995 - 50.7
1996 49.4 57.8
1997 54 56.8
1998 54.5 59.2
1999 55 59.6
2000 55.7 60
2001 56.7 61.8
2002 58.8 65
2003 58.9 61.8
2004 58 58.7
2005 56.6 59.6
2006 55.8 59.3
2007 55.1 58.1
2008 55.7 60.3
2009 59.5 60.3
2010 59.4 63.2
2011 60.6 64.1
2012 60.6 64.2
2013 59.9 66
2014 58.9 67
2015 58.6 68.6
2016 59.1 69.3
2017 59.6 68.3
2018 60 68.5
2019 59.4 67.8
2020 56.7 69.1
2021 56.5 69.7
2022 58.3 68.7
2023 56.2 67.7
2024 51.9 66
2025 51 67.1

More economic indicators

Burkina Faso Poland
Services, % of GDP
40.2%
2024
59.9%
2024
Industry, % of GDP
29.7%
2024
26.4%
2024
Agriculture, forestry, and fishing, % of GDP
18.6%
2024
2.6%
2024
GNI, Atlas method
$20.7B
2024
$788B
2024
GNI per capita, PPP
$2,770
2024
$48,680
2024
Total reserves including gold n/a
$223B
2024
Total reserves ranking n/a
17/177
2024
Net foreign direct investment
-$64.3M
2023
-$13B
2024
Net inflows of foreign direct investment
$82.9M
2024
$21.4B
2024
Net outflows of foreign direct investment
$2.73M
2024
$8.36B
2024
Servicing debt to the IMF, % of GNI
4.41%
2023
n/a
Poverty at national poverty lines
43.2%
2021
13.3%
2024
Gross capital formation, % of GDP
27.1%
2024
17.7%
2024

GDP per capita map

GDP per capita

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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.