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Economy of Burkina Faso vs South Africa compared: GDP & Debt

Updated on by Georank

Burkina Faso has a GDP of $27.6B compared to $427B for South Africa, ranking 119/197 and 40/197 by economy size, respectively.

Burkina Faso has $14.4B in government debt (52% of GDP), compared to $336B (78.6% of GDP) in South Africa.

Burkina Faso vs South Africa GDP by year

Burkina Faso
South Africa
1x
Year GDP, current $
Burkina Faso South Africa
2025 $27,627,297,461 $427,184,325,997
2024 $23,136,514,856 $401,144,998,374
2023 $20,106,062,972 $381,440,724,491
2022 $18,622,421,395 $407,596,043,068
2021 $19,697,516,284 $419,986,284,375
2020 $17,725,010,533 $337,974,655,408
2019 $16,032,813,503 $389,330,032,224
2018 $15,890,066,221 $405,260,723,893
2017 $14,106,955,615 $381,448,814,653
2016 $12,833,363,045 $323,585,509,674
2015 $11,832,159,316 $346,709,790,459
2014 $13,943,016,077 $381,198,869,776
2013 $13,444,300,486 $400,886,013,596
2012 $12,561,015,157 $434,400,545,086
2011 $12,080,295,978 $458,199,494,831
2010 $10,109,619,741 $417,363,822,802
2009 $9,450,696,873 $329,754,060,647
2008 $9,451,435,490 $316,131,258,616
2007 $7,625,722,837 $333,077,117,254
2006 $6,547,419,820 $303,858,675,364
2005 $6,146,353,173 $288,867,217,197
2004 $5,451,688,538 $255,806,908,595
2003 $4,740,768,143 $197,018,965,309
2002 $3,622,350,063 $129,087,556,612
2001 $3,190,371,081 $135,429,905,923
2000 $2,968,370,088 $151,752,757,215
1999 $3,389,566,713 $151,516,957,079
1998 $2,804,902,367 $152,982,984,557
1997 $2,447,669,102 $168,978,057,328
1996 $2,586,550,595 $163,234,925,381
1995 $2,379,517,975 $171,735,933,897
1994 $1,895,290,637 $153,512,712,382
1993 $3,199,536,465 $147,194,747,566
1992 $3,356,692,505 $146,956,150,987
1991 $3,135,045,584 $135,203,698,238
1990 $3,101,300,779 $126,048,140,142
1989 $2,615,587,734 $108,055,624,082
1988 $2,616,040,479 $103,976,831,871
1987 $2,369,834,950 $96,535,763,418
1986 $2,036,303,358 $73,354,771,399
1985 $1,552,493,196 $64,459,376,087
1984 $1,459,880,132 $84,870,163,366
1983 $1,600,278,605 $96,204,110,942
1982 $1,754,450,096 $85,904,057,409
1981 $1,775,842,334 $93,141,472,164
1980 $1,928,719,888 $89,411,864,402
1979 $1,748,480,621 $63,038,658,089
1978 $1,475,583,645 $51,607,412,902
1977 $1,131,224,878 $45,328,411,332
1976 $976,547,188 $41,150,460,288
1975 $939,972,703 $42,906,905,672
1974 $751,133,430 $41,389,186,095
1973 $674,773,570 $33,262,772,008
1972 $578,595,522 $24,515,919,217
1971 $482,411,179 $23,411,076,638
1970 $458,404,269 $21,218,391,513
1969 $478,298,645 $19,256,992,297
1968 $460,442,689 $17,124,793,150
1967 $450,753,924 $15,821,393,671
1966 $433,889,766 $14,211,394,315
1965 $422,916,790 $13,068,994,772
1964 $410,321,645 $11,955,995,218
1963 $394,040,667 $10,854,195,658
1962 $379,567,099 $9,813,996,074
1961 $350,247,234 $9,225,996,310
1960 $330,442,816 $8,748,596,501

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/south-africa | CC BY

GDP per capita in Burkina Faso vs South Africa by year

Burkina Faso
GDP per capita

GDP per capita, PPP
South Africa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso South Africa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,148 - $6,598 -
2024 $982 $2,896 $6,267 $15,456
2023 $873 $2,759 $6,034 $15,200
2022 $827 $2,645 $6,534 $14,749
2021 $896 $2,486 $6,829 $13,682
2020 $825 $2,381 $5,581 $12,671
2019 $765 $2,232 $6,534 $13,361
2018 $777 $2,073 $6,914 $13,347
2017 $709 $2,042 $6,618 $13,738
2016 $664 $1,882 $5,651 $13,519
2015 $630 $1,692 $6,112 $13,398
2014 $765 $1,661 $6,857 $13,359
2013 $760 $1,643 $7,332 $13,369
2012 $731 $1,572 $8,077 $12,987
2011 $725 $1,531 $8,646 $13,143
2010 $625 $1,449 $7,973 $12,637
2009 $602 $1,360 $6,375 $12,261
2008 $619 $1,351 $6,185 $12,525
2007 $515 $1,290 $6,592 $12,047
2006 $456 $1,244 $6,077 $11,250
2005 $441 $1,172 $5,837 $10,441
2004 $404 $1,079 $5,221 $9,714
2003 $362 $1,038 $4,062 $9,139
2002 $285.7 $974 $2,688 $8,792
2001 $259.5 $948 $2,847 $8,428
2000 $248.9 $896 $3,218 $8,095
1999 $292.8 $886 $3,242 $7,667
1998 $249.5 $838 $3,310 $7,463
1997 $223.9 $794 $3,700 $7,433
1996 $242.7 $753 $3,618 $7,208
1995 $229.1 $684 $3,856 $6,875
1994 $187.2 $650 $3,489 $6,611
1993 $324 $644 $3,400 $6,375
1992 $349 $623 $3,462 $6,275
1991 $334 $623 $3,243 $6,383
1990 $339 $567 $3,093 $6,382
1989 $293.2 - $2,727 -
1988 $301 - $2,702 -
1987 $280.2 - $2,586 -
1986 $247.5 - $2,027 -
1985 $194.1 - $1,839 -
1984 $187.8 - $2,504 -
1983 $211.9 - $2,938 -
1982 $239 - $2,717 -
1981 $248.7 - $3,050 -
1980 $277.6 - $3,029 -
1979 $258.5 - $2,202 -
1978 $223.9 - $1,852 -
1977 $176 - $1,671 -
1976 $155.5 - $1,559 -
1975 $152.9 - $1,670 -
1974 $124.7 - $1,656 -
1973 $114.1 - $1,369 -
1972 $99.6 - $1,038 -
1971 $84.5 - $1,020 -
1970 $81.7 - $952 -
1969 $86.8 - $891 -
1968 $85 - $817 -
1967 $84.6 - $779 -
1966 $82.8 - $722 -
1965 $82.1 - $685 -
1964 $80.9 - $646 -
1963 $78.9 - $605 -
1962 $77.2 - $563 -
1961 $72.2 - $546 -
1960 $69.2 - $532 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/south-africa | CC BY

Burkina Faso's GDP per capita is $1,148, ranking 176/197, compared to $6,598 in South Africa, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while South Africa ranks 112th at $15,456.

Economic indicators

Burkina Faso South Africa
Gross domestic product
$27.6B
2025
$427B
2025
GDP rank
119/197
2025
40/197
2025
GDP growth
5.29%
2024-2025
1.11%
2024-2025
GDP per capita
$1,148
2025
$6,598
2025
GDP per capita rank
176/197
2025
109/197
2025
GDP per capita, PPP
$2,896
2024
$15,456
2024
GDP per capita PPP rank
181/197
2024
112/197
2024
Government debt
$14.4B
2025
$336B
2025
Debt-to-GDP ratio
52%
2025
78.6%
2025
Government debt per person
$597
2025
$5,189
2025
Government debt per person rank
163/185
2025
84/185
2025
Average annual personal income after taxes
$1,632
2026
$4,738
2026
Market capitalization of domestic companies n/a
$1.4T
2025
Number of millionaires n/a
97,000
2026
Number of billionaires n/a
7
2026
Income share by richest 10%
30.2%
2021
42.1%
2022
Income share by poorest 10%
3%
2021
1.4%
2022
Government expenditure, % of GDP
26.1%
2025
34.2%
2025
Consumer prices inflation
-0.59%
2024-2025
3.21%
2024-2025
Central bank interest rate n/a
7%
2026
Unemployment rate
7.09%
2025
32.3%
2024
Population
24880655
65829368

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
South Africa
Spending

Debt
1x
Year % of GDP
Burkina Faso South Africa
Government spending Government debt Government spending Government debt
2025 26.1% 52% 34.2% 78.6%
2024 27.8% 57.2% 33% 76%
2023 29.4% 56.8% 32.5% 73.2%
2022 32.9% 59.2% 31.9% 70.7%
2021 27.8% 55.5% 32.7% 68.8%
2020 24.4% 43.6% 34.6% 68.9%
2019 23.3% 41.7% 31.4% 56.1%
2018 24.2% 38.1% 30.2% 51.5%
2017 26.3% 33.9% 29.9% 48.6%
2016 21.6% 32.9% 29.9% 47.1%
2015 20.4% 31.3% 30.2% 45.2%
2014 20.9% 26.1% 29.3% 43.3%
2013 25.3% 25.9% 28.9% 40.4%
2012 22.7% 25.2% 28.6% 37.4%
2011 20.4% 24.5% 28.1% 34.7%
2010 21.7% 23.7% 28.3% 31.2%
2009 21.5% 25.9% 28.5% 27%
2008 18.6% 24.9% 26% 24%
2007 22.8% 22.4% 24.4% 24.3%
2006 21.9% 20.1% 24.7% 28%
2005 20.2% 39.2% 25.1% 29.6%
2004 20.3% 40.7% 22.7% 30.7%
2003 17.6% 39.7% 22.6% 31.5%
2002 19.5% 43.3% 22.2% 31.8%
2001 19.7% 46.6% 22.6% 38%
2000 19.8% 47.5% 22.6% 37.9%
1999 21.4% 46.4% 26.7% 45.9%
1998 19.7% 47.7% 27.1% 45.8%
1997 20% 48.4% 27.9% 45.8%
1996 19.8% 45.8% 28.5% 44.3%
1995 19.4% 48.9% 27.2% 47%
1994 17.8% 55.1% 31.3% 46.4%
1993 17.9% 33.6% 29.1% 39.8%
1992 16.7% 29.6% 29.8% 34.8%
1991 17% 28.7% 27.8% 34.7%
1990 18.4% 25.6% 28.7% 31.8%
1989 14.2% 25.5% 29.6% 33.3%
1988 16.2% 28.8% 23.9% 30.6%
1987 19.2% 30.7% 28% 33.5%
1986 16.3% 27.6% 27.8% 32.5%
1985 11.5% 28.5% 26.8% 26.3%
1984 - - 25.2% 23.2%
1983 - - 25.1% 28.7%
1982 - - 23.8% 31.3%
1981 - - 23.3% 27.4%
1980 - - 21.8% 33.3%
1979 - - 26.5% 41.9%
1978 - - 26.8% 44.7%
1977 - - 27.3% 45.3%
1976 - - 23% 35%
1975 - - 21.2% 32.8%
1974 - - 19.1% 33.7%
1973 - - 21% 38.2%
1972 - - 22.9% 41.1%
1971 - - 19.9% 41.1%
1970 - - 20% 43.3%
1969 - - 18.8% 44.4%
1968 - - 19.4% 42.7%
1967 - - 18.8% 41.1%
1966 - - 18.3% 41.4%
1965 - - 18.2% 42.7%
1964 - - 11.3% 30%
1963 - - 15.9% 43.4%
1962 - - 15.9% 45.7%
1961 - - 15.7% 52.8%
1960 - - 16.7% 52.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2001, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/south-africa | CC BY

In 2025, Burkina Faso's government spending was $7.21B, accounting for 26.1% of its GDP, while South Africa spent $146B, or 34.2% of GDP.

Debt-to-GDP ratio is 52% in Burkina Faso and 78.6% in South Africa, ranking 100/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

South Africa
1x
Year Deficit/surplus, % of GDP
Burkina Faso South Africa
2025 -3.54% -5.78%
2024 -5.84% -5.67%
2023 -6.91% -5.6%
2022 -10.9% -4.25%
2021 -7.45% -5.54%
2020 -5.16% -9.62%
2019 -3.39% -5.07%
2018 -4.43% -3.73%
2017 -6.92% -4.02%
2016 -3.08% -3.72%
2015 -2.09% -4.37%
2014 -1.74% -3.93%
2013 -3.55% -3.9%
2012 -2.76% -4.04%
2011 -2.04% -3.7%
2010 -4.06% -4.51%
2009 -4.16% -4.67%
2008 -3.63% -0.49%
2007 -5.01% 1.22%
2006 14.3% 0.81%
2005 -4.89% -0.1%
2004 -4.19% -1.04%
2003 -1.79% -1.59%
2002 -4.43% -0.96%
2001 -3.56% -1.02%
2000 -3.03% -1.38%
1999 -3.29% -2.21%
1998 -2.6% -2.56%
1997 -2.64% -4.08%
1996 -1.67% -4.53%
1995 -2.65% -4.38%
1994 -1.89% -8.09%
1993 -3.81% -8.54%
1992 -2.51% -7.09%
1991 -2.77% -4.85%
1990 -7.54% -3.82%
1989 1.96% -8.3%
1988 -4.32% -3.29%
1987 -5.27% -6.36%
1986 -5.1% -5.69%
1985 -1.21% -4.86%
1984 - -5.24%
1983 - -5.3%
1982 - -3.88%
1981 - -3.72%
1980 - -1.91%
1979 - -4.65%
1978 - -5.42%
1977 - -5.52%
1976 - -4.19%
1975 - -2.62%
1974 - -1.5%
1973 - -4.54%
1972 - -5.39%
1971 - -1.96%
1970 - -3.19%
1969 - -3.94%
1968 - -3.38%
1967 - -3.8%
1966 - -3.04%
1965 - -3.15%
1964 - -1.19%
1963 - -2.26%
1962 - -1.4%
1961 - -3.25%
1960 - -2.36%
1959 - -4.4%
1958 - -3.5%
1957 - -2.8%
1956 - -2.12%
1955 - -2.9%
1954 - -2.53%
1953 - -3.72%
1952 - -4.14%
1951 - -0.4%
1950 - -2.33%
1949 - -6.87%
1948 - -6.03%
1947 - -1.82%
1946 - -4.03%
1945 - -7.41%
1944 - -8.94%
1943 - -8.49%
1942 - -9.08%
1941 - -7.3%
1940 - -10.9%
1939 - -2.96%
1938 - -3.91%
1937 - -2.16%
1936 - -2.58%
1935 - -3.2%
1934 - -3.29%
1933 - -3.31%
1932 - -4.72%
1931 - -5.31%
1930 - -5.19%
1929 - -4.41%
1928 - -3.29%
1927 - -3.79%
1926 - -4.76%
1925 - -4.92%
1924 - -4.72%
1923 - -5.53%
1922 - -4.51%
1921 - -5.38%
1920 - -5.52%
1919 - -2.6%
1918 - -3.7%
1917 - -3.52%
1916 - -2.57%
1915 - -10.7%
1914 - -11.6%
1913 - -4.15%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/south-africa | CC BY

In 2025, Burkina Faso's government deficit, the difference between spending and revenue, was $978M, equivalent to 3.54% of GDP. This compares to South Africa's deficit of $24.7B, or 5.78% of GDP.

Over the past 41 years, Burkina Faso recorded a fiscal deficit in 39 of those years, while South Africa ran a deficit in 39 years. On average, Burkina Faso posted an annual deficit equal to 3.4% of GDP, compared to deficit of 4.03% of GDP for South Africa.

Inflation comparison by year

Inflation
Burkina Faso

South Africa
1x
Year Consumer prices inflation
Burkina Faso South Africa
2025 -0.59% 3.21%
2024 4.19% 4.36%
2023 0.74% 6.08%
2022 14.3% 7.04%
2021 3.65% 4.62%
2020 1.88% 3.23%
2019 -3.23% 4.1%
2018 1.96% 4.51%
2017 1.48% 5.19%
2016 0.44% 6.6%
2015 0.72% 4.52%
2014 -0.26% 6.13%
2013 0.53% 5.78%
2012 3.82% 5.74%
2011 2.76% 5%
2010 -0.76% 4.07%
2009 2.61% 7.24%
2008 10.7% 9.91%
2007 -0.23% 6.18%
2006 2.33% 3.24%
2005 6.42% 2.06%
2004 -0.4% -0.69%
2003 2.03% 5.68%
2002 2.18% 9.49%
2001 5.01% 5.7%
2000 -0.3% 5.34%
1999 -1.07% 5.18%
1998 5.08% 6.88%
1997 2.32% 8.6%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/south-africa | CC BY

Over the past 29 years, Burkina Faso has recorded an average annual inflation rate of 2.35%, compared with 5.34% in South Africa. In 2025, inflation was -0.59% in Burkina Faso and 3.21% in South Africa.

Top exports between countries

Burkina Faso
Export category Export value
Precious metals & jewellery $29.7M
Textiles & consumer goods $1.2M
Chemicals & pharma $340K
Machinery & equipment $186K
Metals $134K
Raw agricultural goods $108K
Raw materials & minerals $41K
Weapons & explosives $3K
Wood & paper products $2K
Animal & marine products $1K
South Africa
Export category Export value
Machinery & equipment $28.1M
Chemicals & pharma $2.63M
Metals $1.74M
Raw agricultural goods $1.7M
Textiles & consumer goods $1.12M
Raw materials & minerals $899K
Weapons & explosives $889K
Processed food, beverages & tobacco $688K
Wood & paper products $407K
Animal & marine products $332K

Balance of trade

Burkina Faso South Africa
Current account balance
-$918M
2024
-$1.81B
2025
Current account balance ranking
114/190
2024
135/190
2025
Current account balance, % of GDP
-3.97%
2024
-0.42%
2025
Goods imports
$5.82B
2024
$104B
2025
Goods exports
$6.12B
2024
$116B
2025
Service imports
$1.47B
2024
$21.8B
2025
Service exports
$630M
2024
$18.1B
2025
Imports of goods and services, % of GDP
30%
2025
29.5%
2025
Exports of goods and services, % of GDP
35%
2025
31.4%
2025

Economic freedom indices

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

Burkina Faso South Africa
Economic freedom 49.1 58.6
Economic freedom ranking 167/197 110/197
Property rights 17.6 48.8
Government integrity 40.2 46.7
Judicial effectiveness 26.1 64.6
Tax burden 80.8 65.4
Government spending 72.9 68.4
Fiscal health 13.4 45.3
Business freedom 37.8 67.9
Labor freedom 62.1 70.8
Monetary freedom 71.9 75.8
Trade freedom 61 68.8
Investment freedom 65 40
Financial freedom 40 40

Economic freedom comparison by year

Burkina Faso
South Africa
1x
Year Economic freedom index
Burkina Faso South Africa
2026 49.1 58.6
2025 51 57.3
2024 51.9 55.3
2023 56.2 55.7
2022 58.3 56.2
2021 56.5 59.7
2020 56.7 58.8
2019 59.4 58.3
2018 60 63
2017 59.6 62.3
2016 59.1 61.9
2015 58.6 62.6
2014 58.9 62.5
2013 59.9 61.8
2012 60.6 62.7
2011 60.6 62.7
2010 59.4 62.8
2009 59.5 63.8
2008 55.7 63.4
2007 55.1 63.5
2006 55.8 63.7
2005 56.6 62.9
2004 58 66.3
2003 58.9 67.1
2002 58.8 64
2001 56.7 63.8
2000 55.7 63.7
1999 55 63.3
1998 54.5 64.3
1997 54 63.2
1996 49.4 62.5
1995 - 60.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/south-africa | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 58.6 for South Africa, ranking 110/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso South Africa
Services, % of GDP
41.5%
2025
63.1%
2025
Industry, % of GDP
30.1%
2025
24.1%
2025
Agriculture, forestry, and fishing, % of GDP
19.9%
2025
2.83%
2025
GNI, Atlas method
$23.6B
2025
$406B
2025
GNI per capita, PPP
$2,890
2025
$15,600
2025
Total reserves including gold n/a
$76B
2025
Total reserves ranking n/a
35/177
2025
Net foreign direct investment
$259M
2024
-$1.85B
2025
Net inflows of foreign direct investment
-$202M
2024
$2.33B
2024
Net outflows of foreign direct investment
$57M
2024
-$1.26B
2024
Servicing debt to the IMF, % of GNI
4.06%
2024
5.74%
2024
Poverty at national poverty lines
43.2%
2021
37.9%
2022
Gross capital formation, % of GDP
17.2%
2025
13.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/south-africa | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1913–2001, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
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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.