Balanced trade in services in Burkina Faso
Burkina Faso: Balanced trade in services was 0.7073 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Burkina Faso, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in Burkina Faso is 0.7073 US dollars, exchange rate converted, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 13.2% on the previous year and up 30.6% over ten years.
Over the whole period, balanced trade in services in Burkina Faso peaked at 0.7073 US dollars, exchange rate converted in 2024 and was at its lowest, 0.2075 US dollars, exchange rate converted, in 2005.
Burkina Faso ranks 137th of 174 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Burkina Faso, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.2075 US dollars, exchange rate converted | — |
| 2006 | 0.2076 US dollars, exchange rate converted | +0.0% |
| 2007 | 0.2437 US dollars, exchange rate converted | +17.4% |
| 2008 | 0.3081 US dollars, exchange rate converted | +26.4% |
| 2009 | 0.2827 US dollars, exchange rate converted | -8.2% |
| 2010 | 0.3807 US dollars, exchange rate converted | +34.6% |
| 2011 | 0.4829 US dollars, exchange rate converted | +26.8% |
| 2012 | 0.4715 US dollars, exchange rate converted | -2.3% |
| 2013 | 0.5266 US dollars, exchange rate converted | +11.7% |
| 2014 | 0.5415 US dollars, exchange rate converted | +2.8% |
| 2015 | 0.4955 US dollars, exchange rate converted | -8.5% |
| 2016 | 0.5142 US dollars, exchange rate converted | +3.8% |
| 2017 | 0.5532 US dollars, exchange rate converted | +7.6% |
| 2018 | 0.611 US dollars, exchange rate converted | +10.4% |
| 2019 | 0.5991 US dollars, exchange rate converted | -1.9% |
| 2020 | 0.4305 US dollars, exchange rate converted | -28.2% |
| 2021 | 0.5264 US dollars, exchange rate converted | +22.3% |
| 2022 | 0.5767 US dollars, exchange rate converted | +9.5% |
| 2023 | 0.6246 US dollars, exchange rate converted | +8.3% |
| 2024 | 0.7073 US dollars, exchange rate converted | +13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2499 US dollars, exchange rate converted | 0.2075 US dollars, exchange rate converted | 0.3081 US dollars, exchange rate converted | 5 |
| 2010s | 0.5176 US dollars, exchange rate converted | 0.3807 US dollars, exchange rate converted | 0.611 US dollars, exchange rate converted | 10 |
| 2020s | 0.5731 US dollars, exchange rate converted | 0.4305 US dollars, exchange rate converted | 0.7073 US dollars, exchange rate converted | 5 |
Countries ranked near Burkina Faso
- 134 North Macedonia 0.7273 US dollars, exchange rate converted compare
- 135 Niger 0.715 US dollars, exchange rate converted compare
- 136 Saint Kitts and Nevis 0.7102 US dollars, exchange rate converted compare
- 138 Antigua and Barbuda 0.7059 US dollars, exchange rate converted compare
- 139 Myanmar 0.7005 US dollars, exchange rate converted compare
- 140 Botswana 0.6689 US dollars, exchange rate converted compare
More economy & growth data for Burkina Faso
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.98 Percent per annum (2029)
- GNI, Atlas method (current US$), annual growth rate 17.01 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.8525 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 978.3 current US$ per person (2025)
- GNI (current US$), annual growth rate 19.4 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9412 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 1,080 current US$ per person (2025)
- GNI (current LCU), annual growth rate 14.6 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 547.73 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Burkina Faso?
- Balanced trade in services in Burkina Faso was 0.7073 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Burkina Faso?
- The highest recorded value was 0.7073 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Burkina Faso?
- The lowest recorded value was 0.2075 US dollars, exchange rate converted in 2005.
- How does Burkina Faso rank for balanced trade in services?
- Burkina Faso ranks 137th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Burkina Faso?
- Over the last ten years it is up 30.6%. The long-run trend across the full record is rising.
- Where does this Burkina Faso data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html