Burkina Faso: Recent Economic Developments
This paper reviews economic developments on Burkina Faso during 1994–98. Real GDP growth increased sharply following the 1994 CFA franc devaluation from an average of 0.8 percent in 1992–93 to an average of 4.2 percent in 1994–97. As a result, the decline in real terms of GDP per capita was reversed. In the mining sector, value added is estimated to have increased by about 10 percent in 1997, but official production of gold remains significantly below the level before 1994.
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Volume/Issue:
Volume 1998
Issue 065
Publication date: September 1998
ISBN: 9781451803648
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Business and Economics , Social Science , Economics- Macroeconomics , Public Finance , Poverty and Homelessness , ISCR , CR , government , CFA franc , CFAF , poverty line , Burkina Faso government , money stock , savings and loan , primary sector , Burkinabè household outlay , B , expenditure development , low income , Income , Public expenditure review , Agricultural commodities , West Africa
Summary
This paper reviews economic developments on Burkina Faso during 1994–98. Real GDP growth increased sharply following the 1994 CFA franc devaluation from an average of 0.8 percent in 1992–93 to an average of 4.2 percent in 1994–97. As a result, the decline in real terms of GDP per capita was reversed. In the mining sector, value added is estimated to have increased by about 10 percent in 1997, but official production of gold remains significantly below the level before 1994.
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