Net trade in goods and services in Burkina Faso
Burkina Faso: Net trade in goods and services was -547.37 million BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Burkina Faso, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Burkina Faso recorded -547.37 million BoP, current US$ for net trade in goods and services in 2024.
That represents a change of up 40.7% on the previous year and up 51.0% over ten years.
Over the whole period, net trade in goods and services in Burkina Faso peaked at 576.82 million BoP, current US$ in 2020 and was at its lowest, -1.60 billion BoP, current US$, in 2013.
Burkina Faso ranks 112th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Burkina Faso, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -848.82 million BoP, current US$ | — |
| 2006 | -783.54 million BoP, current US$ | -7.7% |
| 2007 | -962.17 million BoP, current US$ | +22.8% |
| 2008 | -1.37 billion BoP, current US$ | +42.8% |
| 2009 | -892.37 million BoP, current US$ | -35.1% |
| 2010 | -668.28 million BoP, current US$ | -25.1% |
| 2011 | -697.94 million BoP, current US$ | +4.4% |
| 2012 | -585.80 million BoP, current US$ | -16.1% |
| 2013 | -1.60 billion BoP, current US$ | +172.4% |
| 2014 | -1.12 billion BoP, current US$ | -30.0% |
| 2015 | -1.02 billion BoP, current US$ | -9.0% |
| 2016 | -796.04 million BoP, current US$ | -21.8% |
| 2017 | -898.23 million BoP, current US$ | +12.8% |
| 2018 | -655.59 million BoP, current US$ | -27.0% |
| 2019 | -555.48 million BoP, current US$ | -15.3% |
| 2020 | 576.82 million BoP, current US$ | -203.8% |
| 2021 | 398.79 million BoP, current US$ | -30.9% |
| 2022 | -947.08 million BoP, current US$ | -337.5% |
| 2023 | -922.32 million BoP, current US$ | -2.6% |
| 2024 | -547.37 million BoP, current US$ | -40.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -972.24 million BoP, current US$ | -1.37 billion BoP, current US$ | -783.54 million BoP, current US$ | 5 |
| 2010s | -858.82 million BoP, current US$ | -1.60 billion BoP, current US$ | -555.48 million BoP, current US$ | 10 |
| 2020s | -288.23 million BoP, current US$ | -947.08 million BoP, current US$ | 576.82 million BoP, current US$ | 5 |
Countries ranked near Burkina Faso
- 109 Eritrea -402.03 million BoP, current US$
- 110 Liberia -412.26 million BoP, current US$ compare
- 111 Vanuatu -427.26 million BoP, current US$ compare
- 113 Bhutan -564.35 million BoP, current US$ compare
- 114 Fiji -604.27 million BoP, current US$ compare
- 115 Curaçao -657.75 million BoP, current US$ 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.42 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.261 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 299.55 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 276.66 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 269.55 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 9.22 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 116.05 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 133,180 current LCU per person (2025)
Frequently asked questions
- What is net trade in goods and services in Burkina Faso?
- Net trade in goods and services in Burkina Faso was -547.37 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Burkina Faso?
- The highest recorded value was 576.82 million BoP, current US$ in 2020.
- What is the lowest net trade in goods and services recorded in Burkina Faso?
- The lowest recorded value was -1.60 billion BoP, current US$ in 2013.
- How does Burkina Faso rank for net trade in goods and services?
- Burkina Faso ranks 112th out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Burkina Faso?
- Over the last ten years it is up 51.0%. The long-run trend across the full record is volatile.
- Where does this Burkina Faso data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.