Source: world bank Nominal/PPP
Summary:
Burkina Faso GDP Per Capita expanded from 1960 to 2024, increasing from $69.15 to $981.99 .The compound annual growth rate (CAGR) averaged 4.23% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 46.3%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Burkina Faso Economic Phases (1960 - 2024)
From 1960 to 2024, Burkina Faso economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1963–1969) indicating steady moderate growth
- High Growth (1972–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Crisis (1983–1984) indicating severe economic downturn
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1995–1996) indicating robust economic expansion
- High Growth (1998–1999) indicating robust economic expansion
- High Growth (2002–2005) indicating robust economic expansion
- High Growth (2007–2008) indicating robust economic expansion
- Expansion (2012–2014) indicating steady moderate growth
- High Growth (2016–2018) indicating robust economic expansion
- High Growth (2020–2021) indicating robust economic expansion
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 27.515%, while the largest decline was in 1994 at -42.239%.