Economy
Nominal GDP
USD 23.6 billion
GDP per capita
USD 945
2021–2025 average
Currency
- Name
- West African CFA franc
Франк КФА BCEAO - ISO code
- XOF
- Rate against the US dollar
- USD 1 = 579.64 XOF
- Rate against the rouble
- 10 XOF = 1.4416 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- West African CFA franc (XOF)
- Note
- fixed peg to the euro: 1 EUR = 655.957 CFA francs
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average
- Agriculture 19.6%
- Industry 27.4%
- Services 45.0%
Industries and programmes
- Key industries
- Gold mining (the main export), cotton, cashews, sesame, and livestock farming.
- Government programmes
- Stabilization and Development Action Plan (PA-SD – Plan d'Action pour la Stabilisation et le Développement) 2023–2025 and subsequent programs of the transitional government
- Policy to nationalize some gold-mining assets and develop the state-owned company SOPAMIB (Société de Participation Minière du Burkina Faso)
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 5.04 | 100.0 |
| 2022 | 4.52 | 89.7 |
| 2023 | 4.47 | 88.7 |
| 2024 | 5.64 | 111.9 |
| 2025 | 11.1 | 220.2 |
- Imports of goods
- USD 6.01 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 9.67 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +120.2%
- Average annual rate of change in exports of goods, 2021–2025
- +21.8%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Investment areas
- Gold mining and refining
- Cotton and cashew processing
- Solar energy
- Agribusiness
- Nuclear energy (project stage)
Agreements with Russia
Investment protection
There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.
Absent
Double taxation
There is no double taxation agreement with Russia.
Absent
Visa requirements
Russian citizens holding ordinary passports require a visa
Visa required
Peaceful nuclear energy
- intergovernmental agreement (June 2025)
- memoranda with Rosatom (2023, 2024)
Intergovernmental agreement
Other agreements
- Agreement on the Foundations of Relations between the Russian Federation and Burkina Faso (2026) — not yet in force
- Agreement on Military Cooperation (2018).
- Memoranda with the Russian Ministry of Science and Higher Education on Cooperation in Higher Education and Science (February 2026).
Incentives
- Main regimes and incentives
Investment Code 2018: regimes A–D depending on investment size — equipment duty exemptions, tax holidays of up to 5–8 years; separate Mining Code (2024).
- Type of measure
- Investment agency
- API-BF — Investment Promotion Agency of Burkina Faso (Agence de Promotion des Investissements du Burkina Faso)
