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Economy of Burkina Faso vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $1.12B for Vanuatu, ranking 122/197 and 188/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Burkina Faso vs Vanuatu GDP by year

Burkina Faso
Vanuatu
1x
Year GDP, current $
Burkina Faso Vanuatu
2024 $23,124,729,853 $1,117,972,034
2023 $20,112,614,449 $1,115,861,056
2022 $18,622,421,395 $1,055,031,361
2021 $19,697,516,284 $950,394,007
2020 $17,725,010,533 $909,421,044
2019 $16,032,813,503 $936,526,268
2018 $15,890,066,221 $914,727,908
2017 $14,106,955,615 $880,043,284
2016 $12,833,363,045 $804,323,577
2015 $11,832,159,316 $759,690,181
2014 $13,943,016,077 $773,717,011
2013 $13,444,300,486 $758,304,466
2012 $12,561,015,157 $747,839,698
2011 $12,080,295,978 $770,153,588
2010 $10,109,619,741 $670,712,980
2009 $9,450,696,873 $592,622,319
2008 $9,451,435,490 $590,748,429
2007 $7,625,722,837 $516,392,923
2006 $6,547,419,820 $439,358,587
2005 $6,146,353,173 $394,962,433
2004 $5,451,688,538 $364,996,869
2003 $4,740,768,143 $314,471,413
2002 $3,622,350,063 $262,596,536
2001 $3,190,371,081 $257,926,882
2000 $2,968,370,088 $272,014,628
1999 $3,389,566,713 $268,006,973
1998 $2,804,902,367 $262,293,411
1997 $2,447,669,102 $272,771,209
1996 $2,586,550,595 $261,370,044
1995 $2,379,517,975 $249,333,250
1994 $1,895,290,637 $233,701,301
1993 $3,199,536,465 $200,491,853
1992 $3,356,692,505 $209,088,825
1991 $3,135,045,584 $201,334,169
1990 $3,101,300,779 $168,879,207
1989 $2,615,587,734 $154,013,202
1988 $2,616,040,479 $158,351,368
1987 $2,369,834,950 $139,464,174
1986 $2,036,303,358 $126,498,935
1985 $1,552,493,196 $131,856,421
1984 $1,459,880,132 $144,482,515
1983 $1,600,278,605 $117,389,554
1982 $1,754,450,096 $114,501,913
1981 $1,775,842,334 $113,781,796
1980 $1,928,719,888 $121,185,498
1979 $1,748,480,621 $119,258,835
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/vanuatu | CC BY

GDP per capita in Burkina Faso vs Vanuatu by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $3,411 $3,606
2023 $873 $2,759 $3,483 $3,568
2022 $827 $2,645 $3,370 $3,453
2021 $896 $2,486 $3,107 $3,136
2020 $825 $2,381 $3,043 $3,118
2019 $765 $2,232 $3,207 $3,315
2018 $777 $2,073 $3,207 $3,233
2017 $709 $2,042 $3,160 $3,146
2016 $664 $1,882 $2,956 $3,030
2015 $630 $1,692 $2,855 $2,966
2014 $765 $1,661 $2,973 $2,890
2013 $760 $1,643 $2,980 $2,832
2012 $731 $1,572 $3,005 $2,834
2011 $725 $1,531 $3,163 $2,816
2010 $625 $1,449 $2,815 $2,733
2009 $602 $1,360 $2,546 $2,730
2008 $619 $1,351 $2,604 $2,701
2007 $515 $1,290 $2,334 $2,573
2006 $456 $1,244 $2,035 $2,496
2005 $441 $1,172 $1,874 $2,287
2004 $404 $1,079 $1,774 $2,157
2003 $362 $1,038 $1,567 $2,070
2002 $285.7 $974 $1,341 $1,995
2001 $259.5 $948 $1,350 $2,125
2000 $248.9 $896 $1,460 $2,206
1999 $292.8 $886 $1,472 $2,084
1998 $249.5 $838 $1,471 $2,091
1997 $223.9 $794 $1,562 $2,087
1996 $242.7 $753 $1,529 $1,998
1995 $229.1 $684 $1,492 $1,961
1994 $187.2 $650 $1,431 $1,946
1993 $324 $644 $1,257 $1,789
1992 $349 $623 $1,344 $1,777
1991 $334 $623 $1,326 $1,737
1990 $339 $567 $1,141 $1,670
1989 $293.2 - $1,067 -
1988 $301 - $1,125 -
1987 $280.2 - $1,017 -
1986 $247.5 - $946 -
1985 $194.1 - $1,012 -
1984 $187.8 - $1,137 -
1983 $211.9 - $947 -
1982 $239 - $946 -
1981 $248.7 - $962 -
1980 $277.6 - $1,048 -
1979 $258.5 - $1,055 -
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/vanuatu | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Vanuatu ranks 170th at $3,606.

Economic indicators

Burkina Faso Vanuatu
Gross domestic product
$23.1B
2024
$1.12B
2024
GDP rank
122/197
2024
188/197
2024
GDP growth
4.8%
2023-2024
0.94%
2023-2024
GDP per capita
$982
2024
$3,411
2024
GDP per capita rank
180/197
2024
137/197
2024
GDP per capita, PPP
$2,896
2024
$3,606
2024
GDP per capita PPP rank
181/197
2024
170/197
2024
Government debt
$13.2B
2024
$507M
2024
Debt-to-GDP ratio
57.2%
2024
45.3%
2024
Government debt per person
$562
2024
$1,546
2024
Government debt per person rank
162/185
2024
131/185
2024
Average annual personal income after taxes
$2,710
2026
$3,164
2026
Income share by richest 10%
30.2%
2021
24.7%
2019
Income share by poorest 10%
3%
2021
3%
2019
Government expenditure, % of GDP
27.8%
2024
41.1%
2024
Consumer prices inflation
4.19%
2023-2024
11.2%
2022-2023
Unemployment rate
3.44%
2024
4.05%
2020
Population
24756783
344750

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Burkina Faso Vanuatu
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 41.1% 45.3%
2023 29.4% 56.8% 41.6% 41.8%
2022 32.9% 59.2% 42% 42.8%
2021 27.8% 55.5% 44.4% 48.5%
2020 24.4% 43.6% 43.4% 48%
2019 23.3% 41.7% 39.8% 45.1%
2018 24.2% 38.1% 33.3% 45.3%
2017 26.3% 33.9% 37.1% 52.6%
2016 21.6% 32.9% 35.2% 42.5%
2015 20.4% 31.3% 42.4% 36.3%
2014 20.9% 26.1% 23.3% 20.2%
2013 25.3% 25.9% 22.9% 18.6%
2012 22.7% 25.2% 24.5% 19.3%
2011 20.4% 24.5% 25.1% 21.3%
2010 21.7% 23.7% 28.3% 20.2%
2009 21.5% 25.9% 27.6% 21.1%
2008 18.6% 24.9% 27.8% 21.2%
2007 22.8% 22.4% 22.5% 19.5%
2006 21.9% 20.1% 20.1% 22.2%
2005 20.2% 39.2% 18.3% 26.3%
2004 20.3% 40.7% 18.5% 30.4%
2003 17.6% 39.7% 18.8% 38.3%
2002 19.5% 43.3% 22.3% 38.8%
2001 19.7% 46.6% 22.3% 37%
2000 19.8% 47.5% 25.4% 36.1%
1999 21.4% 46.4% 23.9% 30.6%
1998 19.7% 47.7% 27.9% 28%
1997 20% 48.4% 22.2% 22.9%
1996 19.8% 45.8% 24.5% 23.1%
1995 19.4% 48.9% 28% 24.1%
1994 17.8% 55.1% 24.4% 21.6%
1993 17.9% 33.6% 26.2% 20.3%
1992 16.7% 29.6% 31.8% 21%
1991 17% 28.7% 33.2% 15.9%
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/vanuatu | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 45.3% in Vanuatu, ranking 89/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Vanuatu
1x
Year Deficit/surplus, % of GDP
Burkina Faso Vanuatu
2024 -5.84% -2.34%
2023 -6.91% -0.95%
2022 -10.9% -6.5%
2021 -7.45% 2.38%
2020 -5.16% -1.95%
2019 -3.39% 2.81%
2018 -4.43% 6.26%
2017 -6.92% -1.2%
2016 -3.08% -0.72%
2015 -2.09% -8.66%
2014 -1.74% 1.44%
2013 -3.55% -0.25%
2012 -2.76% -1.7%
2011 -2.04% -2.19%
2010 -4.06% -2.63%
2009 -4.16% -0.85%
2008 -3.63% -0.04%
2007 -5.01% 0.28%
2006 14.3% 0.49%
2005 -4.89% 1.86%
2004 -4.19% 0.8%
2003 -1.79% -1.35%
2002 -4.43% -3.63%
2001 -3.56% -3.33%
2000 -3.03% -6.28%
1999 -3.29% -0.55%
1998 -2.6% -6.65%
1997 -2.64% -0.51%
1996 -1.67% -1.78%
1995 -2.65% -2.59%
1994 -1.89% -1.49%
1993 -3.81% -3.67%
1992 -2.51% -2.32%
1991 -2.77% -2.81%
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/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 34 years, Burkina Faso recorded a fiscal deficit in 33 of those years, while Vanuatu ran a deficit in 26 years. On average, Burkina Faso posted an annual deficit equal to 3.37% of GDP, compared to deficit of 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Burkina Faso

Vanuatu
1x
Year Consumer prices inflation
Burkina Faso Vanuatu
2024 4.19% -
2023 0.74% 11.2%
2022 14.3% 6.68%
2021 3.65% 2.34%
2020 1.88% 5.33%
2019 -3.23% 2.76%
2018 1.96% 2.33%
2017 1.48% 3.08%
2016 0.44% 0.84%
2015 0.72% 2.48%
2014 -0.26% 0.8%
2013 0.53% 1.46%
2012 3.82% 1.35%
2011 2.76% 0.87%
2010 -0.76% 2.76%
2009 2.61% 4.3%
2008 10.7% 4.84%
2007 -0.23% 3.94%
2006 2.33% 2.04%
2005 6.42% 1.2%
2004 -0.4% 1.42%
2003 2.03% 3.02%
2002 2.18% 1.96%
2001 5.01% 3.58%
2000 -0.3% 2.54%
1999 -1.07% 2%
1998 5.08% 3.28%
1997 2.32% 2.83%

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

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

Over the past 27 years, Burkina Faso has recorded an average annual inflation rate of 2.39%, compared with 3.01% in Vanuatu. In 2023, inflation was 4.19% in Burkina Faso and 11.2% in Vanuatu.

Balance of trade

Burkina Faso Vanuatu
Current account balance
-$1.02B
2023
-$127M
2022
Current account balance ranking
122/190
2023
90/190
2022
Current account balance, % of GDP
-5.06%
2023
-12.1%
2022
Goods imports
$5.38B
2023
$350M
2022
Goods exports
$5.29B
2023
$73.6M
2022
Service imports
$1.45B
2023
$230M
2022
Service exports
$621M
2023
$78.5M
2022
Imports of goods and services, % of GDP
31.9%
2024
54.2%
2022
Exports of goods and services, % of GDP
28.6%
2024
9.43%
2022

Economic freedom indices

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

Burkina Faso Vanuatu
Economic freedom 49.1 61.1
Economic freedom ranking 167/197 92/197
Property rights 17.6 62.1
Government integrity 40.2 48.3
Judicial effectiveness 26.1 67.9
Tax burden 80.8 96.9
Government spending 72.9 48.1
Fiscal health 13.4 78.8
Business freedom 37.8 50.3
Labor freedom 62.1 41
Monetary freedom 71.9 72.1
Trade freedom 61 62
Investment freedom 65 65
Financial freedom 40 40

Economic freedom comparison by year

Burkina Faso
Vanuatu
1x
Year Economic freedom index
Burkina Faso Vanuatu
2026 49.1 61.1
2025 51 61.8
2024 51.9 62.2
2023 56.2 62.1
2022 58.3 62.9
2021 56.5 60.5
2020 56.7 60.7
2019 59.4 56.4
2018 60 69.5
2017 59.6 67.4
2016 59.1 60.8
2015 58.6 61.1
2014 58.9 59.5
2013 59.9 56.6
2012 60.6 56.6
2011 60.6 56.7
2010 59.4 56.4
2009 59.5 58.4
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/vanuatu | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Vanuatu
Services, % of GDP
43.9%
2024
59.1%
2022
Industry, % of GDP
26.5%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
24.3%
2022
GNI, Atlas method
$20.1B
2024
$1.28B
2024
GNI per capita, PPP
$2,720
2024
$4,140
2024
Total reserves including gold n/a
$615M
2024
Total reserves ranking n/a
152/177
2024
Net foreign direct investment
-$64.3M
2023
-$9.21M
2022
Net inflows of foreign direct investment
$82.9M
2024
$28.9M
2024
Net outflows of foreign direct investment
$2.73M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
2.04%
2024
Poverty at national poverty lines
43.2%
2021
15.9%
2020
Gross capital formation, % of GDP
21.9%
2024
38.3%
2022

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/vanuatu | 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)

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.