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Economy of Burkina Faso vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $51.4B for Turkmenistan, ranking 122/197 and 92/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Burkina Faso vs Turkmenistan GDP by year

Burkina Faso
Turkmenistan
1x
Year GDP, current $
Burkina Faso Turkmenistan
2024 $23,124,729,853 $51,387,209,872
2023 $20,112,614,449 $45,894,538,666
2022 $18,622,421,395 $42,208,726,138
2021 $19,697,516,284 $40,589,905,812
2020 $17,725,010,533 $41,509,903,182
2019 $16,032,813,503 $40,810,067,975
2018 $15,890,066,221 $40,765,428,571
2017 $14,106,955,615 $37,926,285,714
2016 $12,833,363,045 $36,169,428,571
2015 $11,832,159,316 $35,799,714,286
2014 $13,943,016,077 $43,524,210,526
2013 $13,444,300,486 $39,197,543,860
2012 $12,561,015,157 $35,164,210,526
2011 $12,080,295,978 $29,233,333,333
2010 $10,109,619,741 $22,583,157,895
2009 $9,450,696,873 $20,214,385,965
2008 $9,451,435,490 $19,271,523,179
2007 $7,625,722,837 $12,664,165,103
2006 $6,547,419,820 $10,276,674,365
2005 $6,146,353,173 $8,103,901,996
2004 $5,451,688,538 $6,838,351,088
2003 $4,740,768,143 $5,977,440,583
2002 $3,622,350,063 $4,462,029,109
2001 $3,190,371,081 $3,534,772,732
2000 $2,968,370,088 $2,904,663,311
1999 $3,389,566,713 $2,450,564,100
1998 $2,804,902,367 $2,605,689,134
1997 $2,447,669,102 $2,450,350,625
1996 $2,586,550,595 $2,378,759,975
1995 $2,379,517,975 $2,482,228,440
1994 $1,895,290,637 $2,561,118,608
1993 $3,199,536,465 $3,179,225,949
1992 $3,356,692,505 $3,200,539,816
1991 $3,135,045,584 $3,208,098,919
1990 $3,101,300,779 $3,189,539,641
1989 $2,615,587,734 $3,006,988,217
1988 $2,616,040,479 $3,010,982,414
1987 $2,369,834,950 $2,331,358,820
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/turkmenistan | CC BY

GDP per capita in Burkina Faso vs Turkmenistan by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $6,857 $21,213
2023 $873 $2,759 $6,232 $19,829
2022 $827 $2,645 $5,838 $18,340
2021 $896 $2,486 $5,723 $16,434
2020 $825 $2,381 $5,973 $15,091
2019 $765 $2,232 $5,998 $15,478
2018 $777 $2,073 $6,125 $14,368
2017 $709 $2,042 $5,828 $13,278
2016 $664 $1,882 $5,687 $12,919
2015 $630 $1,692 $5,759 $12,715
2014 $765 $1,661 $7,164 $12,477
2013 $760 $1,643 $6,600 $11,723
2012 $731 $1,572 $6,054 $11,035
2011 $725 $1,531 $5,144 $10,283
2010 $625 $1,449 $4,059 $8,972
2009 $602 $1,360 $3,708 $8,285
2008 $619 $1,351 $3,606 $7,916
2007 $515 $1,290 $2,415 $6,901
2006 $456 $1,244 $1,997 $6,164
2005 $441 $1,172 $1,604 $5,489
2004 $404 $1,079 $1,379 $4,798
2003 $362 $1,038 $1,229 $4,536
2002 $285.7 $974 $936 $4,393
2001 $259.5 $948 $756 $4,401
2000 $248.9 $896 $634 $4,209
1999 $292.8 $886 $546 $3,981
1998 $249.5 $838 $591 $3,432
1997 $223.9 $794 $565 $3,222
1996 $242.7 $753 $558 $3,636
1995 $229.1 $684 $592 $3,405
1994 $187.2 $650 $622 $3,659
1993 $324 $644 $788 $4,422
1992 $349 $623 $811 $4,351
1991 $334 $623 $832 $5,117
1990 $339 $567 $848 $5,321
1989 $293.2 - $821 -
1988 $301 - $846 -
1987 $280.2 - $675 -
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/turkmenistan | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Burkina Faso Turkmenistan
Gross domestic product
$23.1B
2024
$51.4B
2024
GDP rank
122/197
2024
92/197
2024
GDP growth
4.8%
2023-2024
6.3%
2023-2024
GDP per capita
$982
2024
$6,857
2024
GDP per capita rank
180/197
2024
104/197
2024
GDP per capita, PPP
$2,896
2024
$21,213
2024
GDP per capita PPP rank
181/197
2024
94/197
2024
Government debt
$13.2B
2024
$2.11B
2024
Debt-to-GDP ratio
57.2%
2024
4.11%
2024
Government debt per person
$562
2024
$282
2024
Government debt per person rank
162/185
2024
179/185
2024
Average annual personal income after taxes
$2,710
2026
$7,520
2026
Income share by richest 10%
30.2%
2021
31.5%
1998
Income share by poorest 10%
3%
2021
2.4%
1998
Government expenditure, % of GDP
27.8%
2024
14.5%
2024
Consumer prices inflation
4.19%
2023-2024
4.6%
2023-2024
Unemployment rate
3.44%
2024
4%
2010
Population
24756783
7776557

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Burkina Faso Turkmenistan
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 14.5% 4.11%
2023 29.4% 56.8% 13.7% 5.46%
2022 32.9% 59.2% 13% 7.14%
2021 27.8% 55.5% 13.4% 12.3%
2020 24.4% 43.6% 13.5% 15.4%
2019 23.3% 41.7% 13.6% 17.7%
2018 24.2% 38.1% 13.7% 22.5%
2017 26.3% 33.9% 17.8% 24.7%
2016 21.6% 32.9% 14.1% 21.1%
2015 20.4% 31.3% 17.3% 19%
2014 20.9% 26.1% 17% 16%
2013 25.3% 25.9% 16.9% 20.4%
2012 22.7% 25.2% 14.7% 17.9%
2011 20.4% 24.5% 15.4% 14.8%
2010 21.7% 23.7% 14.6% 7.04%
2009 21.5% 25.9% 14.4% 3.09%
2008 18.6% 24.9% 11.7% 3.56%
2007 22.8% 22.4% 14.4% 3.06%
2006 21.9% 20.1% 16% 4.23%
2005 20.2% 39.2% 21.1% 6.82%
2004 20.3% 40.7% 20.3% 11.4%
2003 17.6% 39.7% 20.8% 16.9%
2002 19.5% 43.3% 19.4% 24.2%
2001 19.7% 46.6% 22.6% 34.1%
2000 19.8% 47.5% 25.9% 55.1%
1999 21.4% 46.4% 20.8% 66.7%
1998 19.7% 47.7% 26.1% 81.6%
1997 20% 48.4% 26.9% 64.2%
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/turkmenistan | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 4.11% in Turkmenistan, ranking 89/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Burkina Faso Turkmenistan
2024 -5.84% -0.08%
2023 -6.91% 0.11%
2022 -10.9% 3.38%
2021 -7.45% 0.57%
2020 -5.16% -0.16%
2019 -3.39% -0.4%
2018 -4.43% -0.22%
2017 -6.92% -2.84%
2016 -3.08% -2.38%
2015 -2.09% -0.7%
2014 -1.74% 0.89%
2013 -3.55% 1.53%
2012 -2.76% 7.53%
2011 -2.04% 3.84%
2010 -4.06% 2.13%
2009 -4.16% 7.53%
2008 -3.63% 10.7%
2007 -5.01% 4.19%
2006 14.3% 5.64%
2005 -4.89% 0.86%
2004 -4.19% 1.47%
2003 -1.79% 3.99%
2002 -4.43% 0.19%
2001 -3.56% 0.77%
2000 -3.03% -0.55%
1999 -3.29% 2.48%
1998 -2.6% 1.15%
1997 -2.64% -0.2%
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/turkmenistan | 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 Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, Burkina Faso recorded a fiscal deficit in 27 of those years, while Turkmenistan ran a deficit in 9 years. On average, Burkina Faso posted an annual deficit equal to 3.54% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Burkina Faso

Turkmenistan
1x
Year Consumer prices inflation
Burkina Faso Turkmenistan
2024 4.19% 4.6%
2023 0.74% -1.6%
2022 14.3% 11.2%
2021 3.65% 19.5%
2020 1.88% 6.1%
2019 -3.23% 5.1%
2018 1.96% 13.3%
2017 1.48% 8%
2016 0.44% 3.6%
2015 0.72% 7.4%
2014 -0.26% 6%
2013 0.53% 6.8%
2012 3.82% 5.3%
2011 2.76% 5.3%
2010 -0.76% 4.4%
2009 2.61% -2.7%
2008 10.7% 14.5%
2007 -0.23% 6.3%
2006 2.33% 8.2%
2005 6.42% 10.7%
2004 -0.4% 5.9%
2003 2.03% 5.6%
2002 2.18% 8.8%
2001 5.01% 11.6%
2000 -0.3% 8%
1999 -1.07% 23.5%
1998 5.08% 16.8%
1997 2.32% 83.7%

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/turkmenistan | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 10.9% in Turkmenistan. In 2024, inflation was 4.19% in Burkina Faso and 4.6% in Turkmenistan.

Balance of trade

Burkina Faso Turkmenistan
Current account balance
-$1.02B
2023
n/a
Current account balance ranking
122/190
2023
n/a
Current account balance, % of GDP
-5.06%
2023
n/a
Goods imports
$5.38B
2023
n/a
Goods exports
$5.29B
2023
n/a
Service imports
$1.45B
2023
n/a
Service exports
$621M
2023
n/a
Imports of goods and services, % of GDP
31.9%
2024
11.2%
2024
Exports of goods and services, % of GDP
28.6%
2024
17.6%
2024

Economic freedom indices

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

Burkina Faso Turkmenistan
Economic freedom 49.1 47
Economic freedom ranking 167/197 177/197
Property rights 17.6 17.4
Government integrity 40.2 8.4
Judicial effectiveness 26.1 12.3
Tax burden 80.8 94.2
Government spending 72.9 94.3
Fiscal health 13.4 99.9
Business freedom 37.8 37.5
Labor freedom 62.1 29.3
Monetary freedom 71.9 76.7
Trade freedom 61 74.2
Investment freedom 65 10
Financial freedom 40 10

Economic freedom comparison by year

Burkina Faso
Turkmenistan
1x
Year Economic freedom index
Burkina Faso Turkmenistan
2026 49.1 47
2025 51 47.1
2024 51.9 46.3
2023 56.2 46.5
2022 58.3 46.2
2021 56.5 47.4
2020 56.7 46.5
2019 59.4 48.4
2018 60 47.1
2017 59.6 47.4
2016 59.1 41.9
2015 58.6 41.4
2014 58.9 42.2
2013 59.9 42.6
2012 60.6 43.8
2011 60.6 43.6
2010 59.4 42.5
2009 59.5 44.2
2008 55.7 43.4
2007 55.1 43
2006 55.8 43.8
2005 56.6 47.6
2004 58 50.7
2003 58.9 51.3
2002 58.8 43.2
2001 56.7 41.8
2000 55.7 37.6
1999 55 36.1
1998 54.5 35
1997 54 -
1996 49.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Turkmenistan
Services, % of GDP
43.9%
2024
50.4%
2024
Industry, % of GDP
26.5%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
12.2%
2024
GNI, Atlas method
$20.1B
2024
$48.8B
2024
GNI per capita, PPP
$2,720
2024
$21,020
2024
Total reserves including gold n/a
$1.51B
1999
Total reserves ranking n/a
135/177
1999
Net foreign direct investment
-$64.3M
2023
n/a
Net inflows of foreign direct investment
$82.9M
2024
$1.64B
2024
Net outflows of foreign direct investment
$2.73M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
1.91%
2024
Poverty at national poverty lines
43.2%
2021
0.2%
2020
Gross capital formation, % of GDP
21.9%
2024
47.2%
2012

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/turkmenistan | 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. 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.