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Economy of Burkina Faso vs Zambia compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $25.3B for Zambia, ranking 122/197 and 116/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $29.1B (114.9% of GDP) in Zambia.

Burkina Faso vs Zambia GDP by year

Burkina Faso
Zambia
1x
Year GDP, current $
Burkina Faso Zambia
2024 $23,124,729,853 $25,303,185,342
2023 $20,112,614,449 $27,577,956,471
2022 $18,622,421,395 $29,163,782,140
2021 $19,697,516,284 $22,096,416,932
2020 $17,725,010,533 $18,137,764,931
2019 $16,032,813,503 $23,308,667,781
2018 $15,890,066,221 $26,311,507,274
2017 $14,106,955,615 $25,873,601,261
2016 $12,833,363,045 $20,958,412,538
2015 $11,832,159,316 $21,251,216,799
2014 $13,943,016,077 $27,141,023,558
2013 $13,444,300,486 $28,037,239,463
2012 $12,561,015,157 $25,503,060,420
2011 $12,080,295,978 $23,459,515,276
2010 $10,109,619,741 $20,265,559,484
2009 $9,450,696,873 $15,328,342,304
2008 $9,451,435,490 $17,910,858,638
2007 $7,625,722,837 $14,056,957,976
2006 $6,547,419,820 $12,756,858,899
2005 $6,146,353,173 $8,331,870,169
2004 $5,451,688,538 $6,221,110,219
2003 $4,740,768,143 $4,901,869,764
2002 $3,622,350,063 $4,193,850,445
2001 $3,190,371,081 $4,094,441,301
2000 $2,968,370,088 $3,600,632,111
1999 $3,389,566,713 $3,404,284,891
1998 $2,804,902,367 $3,537,741,942
1997 $2,447,669,102 $4,303,288,480
1996 $2,586,550,595 $3,597,220,962
1995 $2,379,517,975 $3,806,983,413
1994 $1,895,290,637 $3,656,806,166
1993 $3,199,536,465 $3,273,505,344
1992 $3,356,692,505 $3,182,810,841
1991 $3,135,045,584 $3,376,806,697
1990 $3,101,300,779 $3,288,381,797
1989 $2,615,587,734 $3,994,673,161
1988 $2,616,040,479 $3,728,878,149
1987 $2,369,834,950 $2,265,250,972
1986 $2,036,303,358 $1,664,413,508
1985 $1,552,493,196 $2,252,454,500
1984 $1,459,880,132 $2,719,518,933
1983 $1,600,278,605 $3,321,048,451
1982 $1,754,450,096 $3,871,117,093
1981 $1,775,842,334 $4,008,126,497
1980 $1,928,719,888 $3,884,530,854
1979 $1,748,480,621 $3,353,445,378
1978 $1,475,583,645 $2,811,032,473
1977 $1,131,224,878 $2,515,296,940
1976 $976,547,188 $2,742,859,263
1975 $939,972,703 $2,442,672,141
1974 $751,133,430 $2,910,981,262
1973 $674,773,570 $2,434,255,237
1972 $578,595,522 $1,872,416,680
1971 $482,411,179 $1,653,259,341
1970 $458,404,269 $1,788,779,285
1969 $478,298,645 $1,926,399,230
1968 $460,442,689 $1,573,739,371
1967 $450,753,924 $1,340,639,464
1966 $433,889,766 $1,238,999,505
1965 $422,916,790 $1,061,199,576
1964 $410,321,645 $822,639,671
1963 $394,040,667 $704,339,719
1962 $379,567,099 $679,279,729
1961 $350,247,234 $682,359,727
1960 $330,442,816 $698,739,721

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

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

GDP per capita in Burkina Faso vs Zambia by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $1,187 $4,215
2023 $873 $2,759 $1,331 $4,077
2022 $827 $2,645 $1,447 $3,841
2021 $896 $2,486 $1,127 $3,503
2020 $825 $2,381 $952 $3,157
2019 $765 $2,232 $1,259 $3,361
2018 $777 $2,073 $1,464 $3,442
2017 $709 $2,042 $1,483 $3,392
2016 $664 $1,882 $1,239 $3,313
2015 $630 $1,692 $1,296 $3,337
2014 $765 $1,661 $1,707 $3,441
2013 $760 $1,643 $1,821 $3,477
2012 $731 $1,572 $1,710 $3,324
2011 $725 $1,531 $1,625 $3,228
2010 $625 $1,449 $1,451 $3,098
2009 $602 $1,360 $1,136 $2,872
2008 $619 $1,351 $1,376 $2,708
2007 $515 $1,290 $1,119 $2,555
2006 $456 $1,244 $1,052 $2,378
2005 $441 $1,172 $711 $2,213
2004 $404 $1,079 $549 $2,068
2003 $362 $1,038 $446 $1,942
2002 $285.7 $974 $394 $1,837
2001 $259.5 $948 $397 $1,785
2000 $248.9 $896 $359 $1,709
1999 $292.8 $886 $350 $1,654
1998 $249.5 $838 $373 $1,601
1997 $223.9 $794 $466 $1,631
1996 $242.7 $753 $400 $1,585
1995 $229.1 $684 $433 $1,501
1994 $187.2 $650 $426 $1,464
1993 $324 $644 $391 $1,607
1992 $349 $623 $389 $1,505
1991 $334 $623 $423 $1,534
1990 $339 $567 $422 $1,522
1989 $293.2 - $526 -
1988 $301 - $504 -
1987 $280.2 - $315 -
1986 $247.5 - $238.2 -
1985 $194.1 - $332 -
1984 $187.8 - $413 -
1983 $211.9 - $520 -
1982 $239 - $627 -
1981 $248.7 - $670 -
1980 $277.6 - $669 -
1979 $258.5 - $595 -
1978 $223.9 - $514 -
1977 $176 - $474 -
1976 $155.5 - $533 -
1975 $152.9 - $490 -
1974 $124.7 - $601 -
1973 $114.1 - $518 -
1972 $99.6 - $410 -
1971 $84.5 - $372 -
1970 $81.7 - $414 -
1969 $86.8 - $459 -
1968 $85 - $387 -
1967 $84.6 - $341 -
1966 $82.8 - $325 -
1965 $82.1 - $287.4 -
1964 $80.9 - $230 -
1963 $78.9 - $203.2 -
1962 $77.2 - $202.3 -
1961 $72.2 - $209.7 -
1960 $69.2 - $221.6 -

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

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

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $1,187 in Zambia, ranking 169/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Zambia ranks 166th at $4,215.

Economic indicators

Burkina Faso Zambia
Gross domestic product
$23.1B
2024
$25.3B
2024
GDP rank
122/197
2024
116/197
2024
GDP growth
4.8%
2023-2024
3.82%
2023-2024
GDP per capita
$982
2024
$1,187
2024
GDP per capita rank
180/197
2024
169/197
2024
GDP per capita, PPP
$2,896
2024
$4,215
2024
GDP per capita PPP rank
181/197
2024
166/197
2024
Government debt
$13.2B
2024
$29.1B
2024
Debt-to-GDP ratio
57.2%
2024
114.9%
2024
Government debt per person
$562
2024
$1,365
2024
Government debt per person rank
162/185
2024
134/185
2024
Average annual personal income after taxes
$2,710
2026
$1,349
2026
Market capitalization of domestic companies n/a
$7.77B
2024
Income share by richest 10%
30.2%
2021
39.1%
2022
Income share by poorest 10%
3%
2021
1.5%
2022
Government expenditure, % of GDP
27.8%
2024
25.5%
2024
Consumer prices inflation
4.19%
2023-2024
15%
2023-2024
Central bank interest rate n/a
14.3%
2025
Unemployment rate
3.44%
2024
5.86%
2023
Population
24756783
22697916

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Burkina Faso Zambia
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 25.5% 114.9%
2023 29.4% 56.8% 27.4% 129.1%
2022 32.9% 59.2% 28.2% 99.5%
2021 27.8% 55.5% 30.5% 111%
2020 24.4% 43.6% 34% 140%
2019 23.3% 41.7% 29.8% 103.3%
2018 24.2% 38.1% 27.7% 81.2%
2017 26.3% 33.9% 25% 66.6%
2016 21.6% 32.9% 23.9% 61.2%
2015 20.4% 31.3% 27.6% 61.9%
2014 20.9% 26.1% 24.3% 33.9%
2013 25.3% 25.9% 24% 25.9%
2012 22.7% 25.2% 21.9% 24.9%
2011 20.4% 24.5% 19.5% 20.8%
2010 21.7% 23.7% 18.1% 18.9%
2009 21.5% 25.9% 17.8% 20.5%
2008 18.6% 24.9% 19.5% 19.2%
2007 22.8% 22.4% 19.9% 21.9%
2006 21.9% 20.1% 19.7% 25%
2005 20.2% 39.2% 22.5% 75.7%
2004 20.3% 40.7% 23.3% 129.9%
2003 17.6% 39.7% 27.3% 159.5%
2002 19.5% 43.3% 27.6% 180.2%
2001 19.7% 46.6% 28% 210.2%
2000 19.8% 47.5% 21.4% 261%
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/zambia | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Zambia spent $6.45B, or 25.5% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 114.9% in Zambia, ranking 89/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Zambia
1x
Year Deficit/surplus, % of GDP
Burkina Faso Zambia
2024 -5.84% -3.32%
2023 -6.91% -5.48%
2022 -10.9% -7.82%
2021 -7.45% -8.13%
2020 -5.16% -13.8%
2019 -3.39% -9.41%
2018 -4.43% -8.31%
2017 -6.92% -7.5%
2016 -3.08% -5.69%
2015 -2.09% -8.88%
2014 -1.74% -5.43%
2013 -3.55% -6.4%
2012 -2.76% -3.16%
2011 -2.04% -1.78%
2010 -4.06% -2.43%
2009 -4.16% -2.06%
2008 -3.63% -0.67%
2007 -5.01% -1.04%
2006 14.3% 16.9%
2005 -4.89% -2.37%
2004 -4.19% -2.51%
2003 -1.79% -5.31%
2002 -4.43% -4.5%
2001 -3.56% -5.89%
2000 -3.03% 1.16%
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/zambia | 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 Zambia's deficit of $840M, or 3.32% of GDP.

Over the past 25 years, Burkina Faso recorded a fiscal deficit in 24 of those years, while Zambia ran a deficit in 23 years. On average, Burkina Faso posted an annual deficit equal to 3.63% of GDP, compared to deficit of 4.15% of GDP for Zambia.

Inflation comparison by year

Inflation
Burkina Faso

Zambia
1x
Year Consumer prices inflation
Burkina Faso Zambia
2024 4.19% 15%
2023 0.74% 10.9%
2022 14.3% 11%
2021 3.65% 22%
2020 1.88% 15.7%
2019 -3.23% 9.2%
2018 1.96% 7.5%
2017 1.48% 6.6%
2016 0.44% 17.9%
2015 0.72% 10.1%
2014 -0.26% 7.8%
2013 0.53% 7%
2012 3.82% 6.6%
2011 2.76% 8.7%
2010 -0.76% 8.5%
2009 2.61% 13.4%
2008 10.7% 12.4%
2007 -0.23% 10.7%
2006 2.33% 9%
2005 6.42% 18.3%
2004 -0.4% 18%
2003 2.03% 21.4%
2002 2.18% 22.2%
2001 5.01% 21.4%
2000 -0.3% 24.1%
1999 -1.07% 23.9%
1998 5.08% 22.7%
1997 2.32% 21.4%

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/zambia | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 14.4% in Zambia. In 2024, inflation was 4.19% in Burkina Faso and 15% in Zambia.

Top exports between countries

Burkina Faso
Export category Export value
Machinery & equipment $37K
Textiles & consumer goods $34K
Raw materials & minerals $4K
Zambia
Export category Export value
Machinery & equipment $638K
Raw agricultural goods $54K
Metals $10K
Wood & paper products $10K
Miscellaneous $4K
Textiles & consumer goods $3K
Raw materials & minerals $1K

Balance of trade

Burkina Faso Zambia
Current account balance
-$1.02B
2023
-$487M
2024
Current account balance ranking
122/190
2023
106/190
2024
Current account balance, % of GDP
-5.06%
2023
-1.93%
2024
Goods imports
$5.38B
2023
$10.1B
2024
Goods exports
$5.29B
2023
$11.4B
2024
Service imports
$1.45B
2023
$1.94B
2024
Service exports
$621M
2023
$1.38B
2024
Imports of goods and services, % of GDP
31.9%
2024
27.6%
2024
Exports of goods and services, % of GDP
28.6%
2024
35%
2024

Economic freedom indices

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

Burkina Faso Zambia
Economic freedom 49.1 51.9
Economic freedom ranking 167/197 152/197
Property rights 17.6 43.9
Government integrity 40.2 39.3
Judicial effectiveness 26.1 45
Tax burden 80.8 74.3
Government spending 72.9 78.1
Fiscal health 13.4 30.9
Business freedom 37.8 53.4
Labor freedom 62.1 48.8
Monetary freedom 71.9 66.6
Trade freedom 61 62.8
Investment freedom 65 40
Financial freedom 40 40

Economic freedom comparison by year

Burkina Faso
Zambia
1x
Year Economic freedom index
Burkina Faso Zambia
2026 49.1 51.9
2025 51 50.9
2024 51.9 48.4
2023 56.2 47.8
2022 58.3 48.7
2021 56.5 50.4
2020 56.7 53.5
2019 59.4 53.6
2018 60 54.3
2017 59.6 55.8
2016 59.1 58.8
2015 58.6 58.7
2014 58.9 60.4
2013 59.9 58.7
2012 60.6 58.3
2011 60.6 59.7
2010 59.4 58
2009 59.5 56.6
2008 55.7 56.2
2007 55.1 56.2
2006 55.8 56.8
2005 56.6 55
2004 58 54.9
2003 58.9 55.3
2002 58.8 59.6
2001 56.7 59.5
2000 55.7 62.8
1999 55 64.2
1998 54.5 62.7
1997 54 62.1
1996 49.4 59.6
1995 - 55.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Zambia
Services, % of GDP
43.9%
2024
57.2%
2024
Industry, % of GDP
26.5%
2024
35.2%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
2.83%
2024
GNI, Atlas method
$20.1B
2024
$25.9B
2024
GNI per capita, PPP
$2,720
2024
$3,850
2024
Total reserves including gold n/a
$4.09B
2024
Total reserves ranking n/a
106/177
2024
Net foreign direct investment
-$64.3M
2023
-$1.32B
2024
Net inflows of foreign direct investment
$82.9M
2024
$2.36B
2024
Net outflows of foreign direct investment
$2.73M
2024
$311M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
16.9%
2024
Poverty at national poverty lines
43.2%
2021
60%
2022
Gross capital formation, % of GDP
21.9%
2024
23.8%
2024

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/zambia | 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 (1995–2026, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.