Editing Economy of Burkina Faso (section)

==Macro-economic trend==

{| class="wikitable"
|+Gross Domestic Product of Burkina Faso at market prices estimated by the International Monetary Fund with figures in millions of CFA Francs.<ref>http://www.imf.org/external/pubs/ft/weo/2006/01/data/dbcselm.cfm?G=2001</ref>
! Year || Gross Domestic Product || US Dollar Exchange || Inflation Index (2000=100)
|-
| 1980 || 412,240 || 211.29 CFA Francs || 45
|-
| 1985 || 642,387 || 449.22 CFA Francs || 67
|-
| 1990 || 848,910 || 272.26 CFA Francs || 65
|-
| 1995 || 1,330,159 || 499.12 CFA Francs || 88
|-
| 2000 || 1,861,522 || 711.86 CFA Francs || 100
|-
| 2005 || 3,027,196 || 526.56 CFA Francs || 115
|}

For purchasing power parity comparisons, the US Dollar is exchanged at 470.70 CFA Francs only. Mean wages were $0.56 per [[man-hour]] in 2009.

[[Image:2006Burkinabe exports.PNG|thumb|left|Burkinabé exports in 2006]]
Current GDP per capita<ref>{{cite web|url=http://earthtrends.wri.org/text/economics-business/variable-638.html |title=What We Do |access-date=11 June 2015 |url-status=dead |archive-url=https://web.archive.org/web/20090220134324/http://earthtrends.wri.org/text/economics-business/variable-638.html |archive-date=20 February 2009}}</ref> of Burkina Faso grew 13% in the Sixties reaching a peak growth of 237% in the Seventies. But this proved unsustainable and growth consequently scaled back to 23% in the Eighties. Finally, it shrank by 37% in the Nineties. Average wages in 2007 hover around 2 to 3 dollars per day.

Although disadvantaged by an extremely resource-deprived domestic economy, Burkina Faso remains committed to the [[structural adjustment program]] it launched in 1991. It has largely recovered from the devaluation of the CFA in January 1994, with a 1996 growth rate of 5.9%.

Many Burkinabé migrate to neighbouring countries for work, and their remittances provide a substantial contribution to the balance of payments. Burkina Faso is attempting to improve the economy by developing its [[mineral]] resources, improving its infrastructure, making its [[agriculture|agricultural and livestock sectors]] more productive and competitive, and stabilizing the supplies and prices of [[cereal]]s.

The agricultural economy remains highly vulnerable to fluctuations in rainfall. The [[Mossi Plateau]] in north central Burkina Faso faces encroachment from the [[Sahara]]. The resultant southward migration means heightened competition for control of very limited [[water resources]] south of the Mossi Plateau. Most of the population ekes out a living as subsistence farmers, living with problems of climate, [[erosion|soil erosion]], and rudimentary technology. The staple crops are [[pearl millet]], [[sorghum]], [[maize]], and [[rice]]. The cash crops are [[cotton]], [[peanut|groundnuts]], [[Shea nut|karite (shea nuts)]], and [[sesame]]. Livestock, once a major export, has declined.

A 2018 report by the African Development Bank Group discussed a macroeconomic evolution: "higher investment and continued spending on social services and security that will add to the budget deficit". This group's prediction for 2018 indicated that the budget deficit would be reduced to 4.8% of GDP in 2018 and to 2.9% in 2019. Public debt associated with the National Economic and Social Development Plan was estimated at 36.9% of GDP in 2017.<ref>{{Cite web|url=https://www.afdb.org/en/countries/west-africa/burkina-faso/burkina-faso-economic-outlook/|title = Burkina Faso Economic Outlook|date = 27 March 2019}}</ref>