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Economy of Burkina Faso vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $1.16B for Saint Vincent, ranking 122/197 and 186/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Burkina Faso vs Saint Vincent GDP by year

Burkina Faso
Saint Vincent
1x
Year GDP, current $
Burkina Faso Saint Vincent
2024 $23,124,729,853 $1,157,207,407
2023 $20,112,614,449 $1,072,237,037
2022 $18,622,421,395 $989,188,889
2021 $19,697,516,284 $888,677,778
2020 $17,725,010,533 $864,566,667
2019 $16,032,813,503 $910,481,481
2018 $15,890,066,221 $884,329,630
2017 $14,106,955,615 $844,040,741
2016 $12,833,363,045 $814,303,704
2015 $11,832,159,316 $786,555,556
2014 $13,943,016,077 $770,900,000
2013 $13,444,300,486 $764,781,259
2012 $12,561,015,157 $730,032,593
2011 $12,080,295,978 $713,796,370
2010 $10,109,619,741 $720,447,889
2009 $9,450,696,873 $714,300,259
2008 $9,451,435,490 $732,663,259
2007 $7,625,722,837 $713,596,667
2006 $6,547,419,820 $643,501,148
2005 $6,146,353,173 $579,948,926
2004 $5,451,688,538 $549,900,185
2003 $4,740,768,143 $509,090,889
2002 $3,622,350,063 $487,763,852
2001 $3,190,371,081 $462,072,333
2000 $2,968,370,088 $427,946,037
1999 $3,389,566,713 $390,718,519
1998 $2,804,902,367 $373,618,519
1997 $2,447,669,102 $347,770,370
1996 $2,586,550,595 $331,488,889
1995 $2,379,517,975 $316,007,407
1994 $1,895,290,637 $289,437,037
1993 $3,199,536,465 $286,307,407
1992 $3,356,692,505 $277,955,556
1991 $3,135,045,584 $254,829,630
1990 $3,101,300,779 $240,366,667
1989 $2,615,587,734 $214,745,002
1988 $2,616,040,479 $200,726,713
1987 $2,369,834,950 $175,580,647
1986 $2,036,303,358 $160,846,657
1985 $1,552,493,196 $145,641,705
1984 $1,459,880,132 $135,024,988
1983 $1,600,278,605 $122,255,350
1982 $1,754,450,096 $113,759,203
1981 $1,775,842,334 $102,086,539
1980 $1,928,719,888 $82,340,340
1979 $1,748,480,621 $71,096,360
1978 $1,475,583,645 $60,844,771
1977 $1,131,224,878 $49,353,162
1976 $976,547,188 $32,792,845
1975 $939,972,703 $33,237,226
1974 $751,133,430 $32,923,703
1973 $674,773,570 $30,165,081
1972 $578,595,522 $27,585,805
1971 $482,411,179 $20,051,922
1970 $458,404,269 $18,450,000
1969 $478,298,645 $16,650,000
1968 $460,442,689 $15,350,000
1967 $450,753,924 $15,835,106
1966 $433,889,766 $16,099,960
1965 $422,916,790 $15,108,296
1964 $410,321,645 $14,758,296
1963 $394,040,667 $13,708,299
1962 $379,567,099 $14,524,964
1961 $350,247,234 $13,999,965
1960 $330,442,816 $13,066,634

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

GeoRank.org/economy/burkina-faso/saint-vincent | CC BY

GDP per capita in Burkina Faso vs Saint Vincent by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $11,501 $21,272
2023 $873 $2,759 $10,582 $19,820
2022 $827 $2,645 $9,694 $18,035
2021 $896 $2,486 $8,641 $16,201
2020 $825 $2,381 $8,351 $15,337
2019 $765 $2,232 $8,741 $15,340
2018 $777 $2,073 $8,428 $14,690
2017 $709 $2,042 $7,988 $13,575
2016 $664 $1,882 $7,657 $13,493
2015 $630 $1,692 $7,354 $12,379
2014 $765 $1,661 $7,169 $12,136
2013 $760 $1,643 $7,072 $11,625
2012 $731 $1,572 $6,714 $10,989
2011 $725 $1,531 $6,528 $10,774
2010 $625 $1,449 $6,552 $10,561
2009 $602 $1,360 $6,464 $10,869
2008 $619 $1,351 $6,599 $10,902
2007 $515 $1,290 $6,398 $10,604
2006 $456 $1,244 $5,745 $9,949
2005 $441 $1,172 $5,157 $8,986
2004 $404 $1,079 $4,873 $8,472
2003 $362 $1,038 $4,500 $7,903
2002 $285.7 $974 $4,303 $7,250
2001 $259.5 $948 $4,071 $6,768
2000 $248.9 $896 $3,769 $6,503
1999 $292.8 $886 $3,447 $6,266
1998 $249.5 $838 $3,301 $6,026
1997 $223.9 $794 $3,074 $5,726
1996 $242.7 $753 $2,930 $5,440
1995 $229.1 $684 $2,795 $5,277
1994 $187.2 $650 $2,563 $4,802
1993 $324 $644 $2,540 $4,769
1992 $349 $623 $2,471 $4,477
1991 $334 $623 $2,271 $4,126
1990 $339 $567 $2,150 $3,960
1989 $293.2 - $1,930 -
1988 $301 - $1,814 -
1987 $280.2 - $1,596 -
1986 $247.5 - $1,472 -
1985 $194.1 - $1,342 -
1984 $187.8 - $1,254 -
1983 $211.9 - $1,144 -
1982 $239 - $1,074 -
1981 $248.7 - $972 -
1980 $277.6 - $790 -
1979 $258.5 - $687 -
1978 $223.9 - $592 -
1977 $176 - $484 -
1976 $155.5 - $324 -
1975 $152.9 - $331 -
1974 $124.7 - $331 -
1973 $114.1 - $306 -
1972 $99.6 - $282.1 -
1971 $84.5 - $207 -
1970 $81.7 - $192.3 -
1969 $86.8 - $175.2 -
1968 $85 - $163.1 -
1967 $84.6 - $170 -
1966 $82.8 - $174.9 -
1965 $82.1 - $166.2 -
1964 $80.9 - $164.4 -
1963 $78.9 - $154.9 -
1962 $77.2 - $166.5 -
1961 $72.2 - $163 -
1960 $69.2 - $154.8 -

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

GeoRank.org/economy/burkina-faso/saint-vincent | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Burkina Faso Saint Vincent
Gross domestic product
$23.1B
2024
$1.16B
2024
GDP rank
122/197
2024
186/197
2024
GDP growth
4.8%
2023-2024
4.06%
2023-2024
GDP per capita
$982
2024
$11,501
2024
GDP per capita rank
180/197
2024
81/197
2024
GDP per capita, PPP
$2,896
2024
$21,272
2024
GDP per capita PPP rank
181/197
2024
92/197
2024
Government debt
$13.2B
2024
$1.07B
2024
Debt-to-GDP ratio
57.2%
2024
92.7%
2024
Government debt per person
$562
2024
$10,659
2024
Government debt per person rank
162/185
2024
56/185
2024
Average annual personal income after taxes
$2,710
2026
$12,573
2026
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
39.1%
2024
Consumer prices inflation
4.19%
2023-2024
3.63%
2023-2024
Unemployment rate
3.44%
2024
18.8%
2008
Population
24756783
99237

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Burkina Faso Saint Vincent
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 39.1% 92.7%
2023 29.4% 56.8% 38.9% 89.4%
2022 32.9% 59.2% 36.6% 86.3%
2021 27.8% 55.5% 37.2% 88.4%
2020 24.4% 43.6% 32.9% 80.2%
2019 23.3% 41.7% 29.2% 68.2%
2018 24.2% 38.1% 26.3% 69.4%
2017 26.3% 33.9% 26.6% 69%
2016 21.6% 32.9% 27.1% 79.4%
2015 20.4% 31.3% 27.6% 75.1%
2014 20.9% 26.1% 30.4% 75%
2013 25.3% 25.9% 29.4% 69.9%
2012 22.7% 25.2% 26.5% 68.1%
2011 20.4% 24.5% 29.4% 64%
2010 21.7% 23.7% 31.1% 61.1%
2009 21.5% 25.9% 31% 57.2%
2008 18.6% 24.9% 28.4% 50.3%
2007 22.8% 22.4% 27.1% 48.5%
2006 21.9% 20.1% 26.1% 44.7%
2005 20.2% 39.2% 26.7% 50.5%
2004 20.3% 40.7% 24.9% 58.6%
2003 17.6% 39.7% 26% 55.3%
2002 19.5% 43.3% 25.7% 53.2%
2001 19.7% 46.6% 24.4% 52%
2000 19.8% 47.5% 23.8% 54.3%
1999 21.4% 46.4% 25.2% 52.9%
1998 19.7% 47.7% 25.2% 39.5%
1997 20% 48.4% 26% 38.8%
1996 19.8% 45.8% 20.9% 40.7%
1995 19.4% 48.9% 19.9% 46.8%
1994 17.8% 55.1% 22.4% 52.8%
1993 17.9% 33.6% 22.3% 48.1%
1992 16.7% 29.6% 25.4% 49.6%
1991 17% 28.7% 25.5% 52.1%
1990 18.4% 25.6% 23.1% 53.9%
1989 14.2% 25.5% 27.6% -
1988 16.2% 28.8% 24.8% -
1987 19.2% 30.7% 23.7% -
1986 16.3% 27.6% 22.3% -
1985 11.5% 28.5% 21.4% -
1984 - - 23.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–2001, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/saint-vincent | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 92.7% in Saint Vincent, ranking 89/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Burkina Faso Saint Vincent
2024 -5.84% -12.9%
2023 -6.91% -12%
2022 -10.9% -9.35%
2021 -7.45% -7.19%
2020 -5.16% -5.92%
2019 -3.39% -3.45%
2018 -4.43% -1.65%
2017 -6.92% -1.56%
2016 -3.08% 0.04%
2015 -2.09% -2.01%
2014 -1.74% -2.82%
2013 -3.55% -5.81%
2012 -2.76% -1.81%
2011 -2.04% -3.5%
2010 -4.06% -3.7%
2009 -4.16% -2.85%
2008 -3.63% -1.3%
2007 -5.01% -3.07%
2006 14.3% -3.13%
2005 -4.89% -4.3%
2004 -4.19% -2.71%
2003 -1.79% -2.51%
2002 -4.43% -2%
2001 -3.56% -1.6%
2000 -3.03% -0.82%
1999 -3.29% -1.93%
1998 -2.6% -1.81%
1997 -2.64% -2.77%
1996 -1.67% 1.57%
1995 -2.65% 1.08%
1994 -1.89% 0.12%
1993 -3.81% -1.46%
1992 -2.51% -3.25%
1991 -2.77% -0.47%
1990 -7.54% 1.69%
1989 1.96% -1.92%
1988 -4.32% 0.59%
1987 -5.27% 1.1%
1986 -5.1% 2.32%
1985 -1.21% 4.23%
1984 - 2.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/saint-vincent | 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 Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 40 years, Burkina Faso recorded a fiscal deficit in 38 of those years, while Saint Vincent ran a deficit in 31 years. On average, Burkina Faso posted an annual deficit equal to 3.4% of GDP, compared to deficit of 2.47% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Burkina Faso

Saint Vincent
1x
Year Consumer prices inflation
Burkina Faso Saint Vincent
2024 4.19% 3.63%
2023 0.74% 4.56%
2022 14.3% 5.66%
2021 3.65% 1.57%
2020 1.88% -0.63%
2019 -3.23% 0.91%
2018 1.96% 2.32%
2017 1.48% 2.15%
2016 0.44% -0.15%
2015 0.72% -1.73%
2014 -0.26% 0.19%
2013 0.53% 0.81%
2012 3.82% 2.6%
2011 2.76% 3.19%
2010 -0.76% 0.75%
2009 2.61% 0.42%
2008 10.7% 10.1%
2007 -0.23% 7.24%
2006 2.33% 2.74%
2005 6.42% 3.73%
2004 -0.4% 2.96%
2003 2.03% 0.21%
2002 2.18% 1.86%
2001 5.01% 0.9%
2000 -0.3% 0.17%
1999 -1.07% 1.01%
1998 5.08% 2.14%
1997 2.32% 0.44%

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

GeoRank.org/economy/burkina-faso/saint-vincent | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 2.13% in Saint Vincent. In 2024, inflation was 4.19% in Burkina Faso and 3.63% in Saint Vincent.

Balance of trade

Burkina Faso Saint Vincent
Current account balance
-$1.02B
2023
-$157M
2024
Current account balance ranking
122/190
2023
93/190
2024
Current account balance, % of GDP
-5.06%
2023
-13.5%
2024
Goods imports
$5.38B
2023
$445M
2024
Goods exports
$5.29B
2023
$59.2M
2024
Service imports
$1.45B
2023
$196M
2024
Service exports
$621M
2023
$366M
2024
Imports of goods and services, % of GDP
31.9%
2024
n/a
Exports of goods and services, % of GDP
28.6%
2024
15.3%
2025

Economic freedom indices

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

Burkina Faso Saint Vincent
Economic freedom 49.1 60
Economic freedom ranking 167/197 98/197
Property rights 17.6 65.2
Government integrity 40.2 63.3
Judicial effectiveness 26.1 76.9
Tax burden 80.8 82
Government spending 72.9 56.2
Fiscal health 13.4 2.8
Business freedom 37.8 67.3
Labor freedom 62.1 60.1
Monetary freedom 71.9 77.3
Trade freedom 61 58.8
Investment freedom 65 70
Financial freedom 40 40

Economic freedom comparison by year

Burkina Faso
Saint Vincent
1x
Year Economic freedom index
Burkina Faso Saint Vincent
2026 49.1 60
2025 51 60.1
2024 51.9 59.8
2023 56.2 63.5
2022 58.3 65.7
2021 56.5 66.3
2020 56.7 66.8
2019 59.4 65.8
2018 60 67.7
2017 59.6 65.2
2016 59.1 68.8
2015 58.6 68
2014 58.9 67
2013 59.9 66.7
2012 60.6 66.5
2011 60.6 66.9
2010 59.4 66.9
2009 59.5 64.3
2008 55.7 -
2007 55.1 -
2006 55.8 -
2005 56.6 -
2004 58 -
2003 58.9 -
2002 58.8 -
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 2026-03-09).

GeoRank.org/economy/burkina-faso/saint-vincent | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Saint Vincent
Services, % of GDP
43.9%
2024
66.4%
2024
Industry, % of GDP
26.5%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
3.55%
2024
GNI, Atlas method
$20.1B
2024
$1.11B
2024
GNI per capita, PPP
$2,720
2024
$21,150
2024
Total reserves including gold n/a
$317M
2024
Total reserves ranking n/a
167/177
2024
Net foreign direct investment
-$64.3M
2023
-$74M
2024
Net inflows of foreign direct investment
$82.9M
2024
$139M
2024
Net outflows of foreign direct investment
$2.73M
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
3.84%
2024
Poverty at national poverty lines
43.2%
2021
n/a
Gross capital formation, % of GDP
21.9%
2024
n/a

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/saint-vincent | 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 (1996–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1984–2001, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.