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Economy of Burkina Faso vs San Marino compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $2.03B for San Marino, ranking 122/197 and 180/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $1.39B (63.9% of GDP) in San Marino.

Burkina Faso vs San Marino GDP by year

Burkina Faso
San Marino
1x
Year GDP, current $
Burkina Faso San Marino
2024 $23,124,729,853 -
2023 $20,112,614,449 $2,027,527,228
2022 $18,622,421,395 $1,829,211,864
2021 $19,697,516,284 $1,855,652,786
2020 $17,725,010,533 $1,541,248,249
2019 $16,032,813,503 $1,616,340,692
2018 $15,890,066,221 $1,655,353,653
2017 $14,106,955,615 $1,528,620,346
2016 $12,833,363,045 $1,468,343,140
2015 $11,832,159,316 $1,419,401,071
2014 $13,943,016,077 $1,673,911,426
2013 $13,444,300,486 $1,678,741,475
2012 $12,561,015,157 $1,604,701,299
2011 $12,080,295,978 $1,813,717,439
2010 $10,109,619,741 $1,881,191,925
2009 $9,450,696,873 $2,064,277,126
2008 $9,451,435,490 $2,403,213,305
2007 $7,625,722,837 $2,188,654,628
2006 $6,547,419,820 $1,909,765,165
2005 $6,146,353,173 $1,786,514,058
2004 $5,451,688,538 $1,715,340,543
2003 $4,740,768,143 $1,462,590,267
2002 $3,622,350,063 $1,148,872,072
2001 $3,190,371,081 $1,059,529,812
2000 $2,968,370,088 $1,007,661,367
1999 $3,389,566,713 $1,109,473,368
1998 $2,804,902,367 $1,048,316,226
1997 $2,447,669,102 $976,606,911
1996 $2,586,550,595 -
1995 $2,379,517,975 -
1994 $1,895,290,637 -
1993 $3,199,536,465 -
1992 $3,356,692,505 -
1991 $3,135,045,584 -
1990 $3,101,300,779 -
1989 $2,615,587,734 -
1988 $2,616,040,479 -
1987 $2,369,834,950 -
1986 $2,036,303,358 -
1985 $1,552,493,196 -
1984 $1,459,880,132 -
1983 $1,600,278,605 -
1982 $1,754,450,096 -
1981 $1,775,842,334 -
1980 $1,928,719,888 -
1979 $1,748,480,621 -
1978 $1,475,583,645 -
1977 $1,131,224,878 -
1976 $976,547,188 -
1975 $939,972,703 -
1974 $751,133,430 -
1973 $674,773,570 -
1972 $578,595,522 -
1971 $482,411,179 -
1970 $458,404,269 -
1969 $478,298,645 -
1968 $460,442,689 -
1967 $450,753,924 -
1966 $433,889,766 -
1965 $422,916,790 -
1964 $410,321,645 -
1963 $394,040,667 -
1962 $379,567,099 -
1961 $350,247,234 -
1960 $330,442,816 -

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

GeoRank.org/economy/burkina-faso/san-marino | CC BY

GDP per capita in Burkina Faso vs San Marino by year

Burkina Faso
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 - -
2023 $873 $2,759 $59,880 $78,745
2022 $827 $2,645 $54,191 $75,941
2021 $896 $2,486 $54,176 $64,745
2020 $825 $2,381 $44,327 $55,207
2019 $765 $2,232 $46,630 $57,444
2018 $777 $2,073 $47,951 $54,461
2017 $709 $2,042 $45,192 $52,463
2016 $664 $1,882 $44,359 $53,033
2015 $630 $1,692 $43,147 $52,247
2014 $765 $1,661 $51,260 $52,909
2013 $760 $1,643 $50,808 $50,770
2012 $731 $1,572 $47,946 $51,274
2011 $725 $1,531 $55,601 $56,240
2010 $625 $1,449 $56,543 $58,926
2009 $602 $1,360 $62,429 $61,970
2008 $619 $1,351 $75,902 $71,724
2007 $515 $1,290 $70,124 $71,744
2006 $456 $1,244 $63,271 $67,434
2005 $441 $1,172 $59,878 $63,739
2004 $404 $1,079 $58,232 $61,114
2003 $362 $1,038 $52,530 $60,224
2002 $285.7 $974 $41,791 $57,584
2001 $259.5 $948 $39,035 $57,252
2000 $248.9 $896 $37,601 $53,713
1999 $292.8 $886 $41,932 $52,064
1998 $249.5 $838 $40,127 $47,679
1997 $223.9 $794 $37,853 $44,426
1996 $242.7 $753 - -
1995 $229.1 $684 - -
1994 $187.2 $650 - -
1993 $324 $644 - -
1992 $349 $623 - -
1991 $334 $623 - -
1990 $339 $567 - -
1989 $293.2 - - -
1988 $301 - - -
1987 $280.2 - - -
1986 $247.5 - - -
1985 $194.1 - - -
1984 $187.8 - - -
1983 $211.9 - - -
1982 $239 - - -
1981 $248.7 - - -
1980 $277.6 - - -
1979 $258.5 - - -
1978 $223.9 - - -
1977 $176 - - -
1976 $155.5 - - -
1975 $152.9 - - -
1974 $124.7 - - -
1973 $114.1 - - -
1972 $99.6 - - -
1971 $84.5 - - -
1970 $81.7 - - -
1969 $86.8 - - -
1968 $85 - - -
1967 $84.6 - - -
1966 $82.8 - - -
1965 $82.1 - - -
1964 $80.9 - - -
1963 $78.9 - - -
1962 $77.2 - - -
1961 $72.2 - - -
1960 $69.2 - - -

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

GeoRank.org/economy/burkina-faso/san-marino | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $59,880 in San Marino, ranking 15/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while San Marino ranks 17th at $78,745.

Economic indicators

Burkina Faso San Marino
Gross domestic product
$23.1B
2024
$2.03B
2023
GDP rank
122/197
2024
180/197
2023
GDP growth
4.8%
2023-2024
0.4%
2022-2023
GDP per capita
$982
2024
$59,880
2023
GDP per capita rank
180/197
2024
15/197
2023
GDP per capita, PPP
$2,896
2024
$78,745
2023
GDP per capita PPP rank
181/197
2024
17/197
2023
Government debt
$13.2B
2024
$1.39B
2023
Debt-to-GDP ratio
57.2%
2024
63.9%
2024
Government debt per person
$562
2024
$40,919
2023
Government debt per person rank
162/185
2024
13/185
2023
Average annual personal income after taxes
$2,710
2026
$45,474
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
21%
2024
Consumer prices inflation
4.19%
2023-2024
1.2%
2023-2024
Unemployment rate
3.44%
2024
4.91%
2022
Population
24756783
33967

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Burkina Faso San Marino
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 21% 63.9%
2023 29.4% 56.8% 21.7% 68.3%
2022 32.9% 59.2% 21.7% 70.6%
2021 27.8% 55.5% 37.1% 77.2%
2020 24.4% 43.6% 59.2% 69.8%
2019 23.3% 41.7% 22.4% 56.2%
2018 24.2% 38.1% 24.5% 56.7%
2017 26.3% 33.9% 25.6% 56.6%
2016 21.6% 32.9% 23.4% 21.4%
2015 20.4% 31.3% 26.3% 19.3%
2014 20.9% 26.1% 23.7% 21%
2013 25.3% 25.9% 30.2% 23.2%
2012 22.7% 25.2% 30.6% 17.2%
2011 20.4% 24.5% 25.4% 16.6%
2010 21.7% 23.7% 24.4% 20%
2009 21.5% 25.9% 24.8% 20.1%
2008 18.6% 24.9% 22% 15.5%
2007 22.8% 22.4% 20.7% 12.6%
2006 21.9% 20.1% 19.7% 14.2%
2005 20.2% 39.2% 19.3% 14.5%
2004 20.3% 40.7% 19% 16.9%
2003 17.6% 39.7% - 16.1%
2002 19.5% 43.3% - 17.2%
2001 19.7% 46.6% - 11.6%
2000 19.8% 47.5% - -
1999 21.4% 46.4% - -
1998 19.7% 47.7% - -
1997 20% 48.4% - -
1996 19.8% 45.8% - -
1995 19.4% 48.9% - -
1994 17.8% 55.1% - -
1993 17.9% 33.6% - -
1992 16.7% 29.6% - -
1991 17% 28.7% - -
1990 18.4% 25.6% - -
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/san-marino | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while San Marino spent $440M, or 21% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 63.9% in San Marino, ranking 89/185 and 71/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

San Marino
1x
Year Deficit/surplus, % of GDP
Burkina Faso San Marino
2024 -5.84% -0.53%
2023 -6.91% -0.72%
2022 -10.9% 0.42%
2021 -7.45% -16.4%
2020 -5.16% -37.6%
2019 -3.39% -0.11%
2018 -4.43% -1.56%
2017 -6.92% -3.49%
2016 -3.08% -0.19%
2015 -2.09% -3.32%
2014 -1.74% 1.06%
2013 -3.55% -7.74%
2012 -2.76% -7.08%
2011 -2.04% -4.05%
2010 -4.06% -2.24%
2009 -4.16% -2.46%
2008 -3.63% 0.18%
2007 -5.01% 1.83%
2006 14.3% 1.51%
2005 -4.89% 3.58%
2004 -4.19% 2.44%
2003 -1.79% -
2002 -4.43% -
2001 -3.56% -
2000 -3.03% -
1999 -3.29% -
1998 -2.6% -
1997 -2.64% -
1996 -1.67% -
1995 -2.65% -
1994 -1.89% -
1993 -3.81% -
1992 -2.51% -
1991 -2.77% -
1990 -7.54% -
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/san-marino | CC BY

In 2023, Burkina Faso's government deficit, the difference between spending and revenue, was $1.39B, equivalent to 6.91% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, Burkina Faso recorded a fiscal deficit in 19 of those years, while San Marino ran a deficit in 13 years. On average, Burkina Faso posted an annual deficit equal to 3.6% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Burkina Faso

San Marino
1x
Year Consumer prices inflation
Burkina Faso San Marino
2024 4.19% 1.2%
2023 0.74% 5.9%
2022 14.3% 5.3%
2021 3.65% 1.6%
2020 1.88% -0.1%
2019 -3.23% 0.5%
2018 1.96% 1.2%
2017 1.48% 1%
2016 0.44% 0.6%
2015 0.72% 0.1%
2014 -0.26% 1.1%
2013 0.53% 1.6%
2012 3.82% 2.8%
2011 2.76% 2.2%
2010 -0.76% 2.4%
2009 2.61% 2.4%
2008 10.7% 4.1%
2007 -0.23% 2.5%
2006 2.33% 2.1%
2005 6.42% 1.7%
2004 -0.4% 1.4%
2003 2.03% 1.3%
2002 2.18% -
2001 5.01% -
2000 -0.3% -
1999 -1.07% -
1998 5.08% -
1997 2.32% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/san-marino | CC BY

Over the past 22 years, Burkina Faso has recorded an average annual inflation rate of 2.53%, compared with 1.95% in San Marino. In 2024, inflation was 4.19% in Burkina Faso and 1.2% in San Marino.

Balance of trade

Burkina Faso San Marino
Current account balance
-$1.02B
2023
$446M
2023
Current account balance ranking
122/190
2023
64/190
2023
Current account balance, % of GDP
-5.06%
2023
+22%
2023
Goods imports
$5.38B
2023
$2.25B
2023
Goods exports
$5.29B
2023
$2.53B
2023
Service imports
$1.45B
2023
$894M
2023
Service exports
$621M
2023
$1.25B
2023
Imports of goods and services, % of GDP
31.9%
2024
155%
2023
Exports of goods and services, % of GDP
28.6%
2024
186%
2023

Economic freedom indices

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

Burkina Faso San Marino
Economic freedom 49.1 76
Economic freedom ranking 167/197 16/197
Property rights 17.6 n/a
Government integrity 40.2 n/a
Judicial effectiveness 26.1 n/a
Tax burden 80.8 n/a
Government spending 72.9 n/a
Fiscal health 13.4 n/a
Business freedom 37.8 n/a
Labor freedom 62.1 n/a
Monetary freedom 71.9 n/a
Trade freedom 61 n/a
Investment freedom 65 n/a
Financial freedom 40 n/a

Other economic metrics

Burkina Faso San Marino
Services, % of GDP
43.9%
2024
56.9%
2023
Industry, % of GDP
26.5%
2024
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
0.02%
2023
GNI, Atlas method
$20.1B
2024
$1.82B
2023
GNI per capita, PPP
$2,720
2024
$71,860
2023
Total reserves including gold n/a
$759M
2024
Total reserves ranking n/a
146/177
2024
Net foreign direct investment
-$64.3M
2023
$52.7M
2023
Net inflows of foreign direct investment
$82.9M
2024
-$18.1M
2023
Net outflows of foreign direct investment
$2.73M
2024
$0
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
16.6%
2023

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/san-marino | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  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.