Personal remittances, received in Burkina Faso
Burkina Faso: Personal remittances, received was 2.6% in 2024. ◆ Volatile
Personal remittances, received in Burkina Faso, 1974–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Burkina Faso stood at 2.6%.
The figure is down 11.5% on the previous year and down 9.5% over ten years.
Over the whole period, personal remittances, received in Burkina Faso peaked at 9.4% in 1986 and was at its lowest, 0.8%, in 2004.
That places Burkina Faso 92nd out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Burkina Faso, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 4.8% | — |
| 1975 | 5.1% | +6.0% |
| 1976 | 5.2% | +3.1% |
| 1977 | 5.3% | +1.8% |
| 1978 | 5.3% | -0.5% |
| 1979 | 6.3% | +18.5% |
| 1980 | 7.8% | +24.3% |
| 1981 | 8.6% | +10.7% |
| 1982 | 6.3% | -27.2% |
| 1983 | 7.1% | +12.5% |
| 1984 | 6.2% | -12.6% |
| 1985 | 8.1% | +31.2% |
| 1986 | 9.4% | +16.0% |
| 1987 | 7.3% | -22.3% |
| 1988 | 7.1% | -2.2% |
| 1989 | 5.9% | -17.0% |
| 1990 | 4.5% | -24.1% |
| 1991 | 3.6% | -20.0% |
| 1992 | 3.8% | +6.5% |
| 1993 | 3.7% | -4.5% |
| 1994 | 4.2% | +15.7% |
| 1995 | 3.3% | -22.5% |
| 1996 | 2.9% | -10.6% |
| 1997 | 3.0% | +2.7% |
| 1998 | 2.6% | -15.3% |
| 1999 | 2.1% | -19.8% |
| 2000 | 2.3% | +10.6% |
| 2001 | 1.6% | -31.0% |
| 2002 | 1.6% | +3.6% |
| 2003 | 1.1% | -30.1% |
| 2004 | 0.8% | -28.1% |
| 2005 | 0.9% | +13.2% |
| 2006 | 1.0% | +12.6% |
| 2007 | 1.1% | +6.6% |
| 2008 | 1.1% | -4.7% |
| 2009 | 1.0% | -3.4% |
| 2010 | 1.2% | +16.8% |
| 2011 | 1.8% | +53.6% |
| 2012 | 1.7% | -8.7% |
| 2013 | 2.3% | +37.3% |
| 2014 | 2.8% | +23.9% |
| 2015 | 3.3% | +14.5% |
| 2016 | 3.1% | -4.8% |
| 2017 | 3.0% | -4.6% |
| 2018 | 2.9% | -3.0% |
| 2019 | 2.9% | +1.6% |
| 2020 | 3.0% | +1.6% |
| 2021 | 2.9% | -2.1% |
| 2022 | 2.8% | -2.9% |
| 2023 | 2.9% | +3.3% |
| 2024 | 2.6% | -11.5% |
Burkina Faso compared with similar countries
- Burkina Faso's 2.6% is below the median for low income countries, which is 3.4%, 77% of the median. (22 countries reporting)
- Burkina Faso's 2.6% is above the median for Sub-Saharan Africa, which is 2.5%, 1.0× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | 4.8% | 6.3% | 6 |
| 1980s | 7.4% | 5.9% | 9.4% | 10 |
| 1990s | 3.4% | 2.1% | 4.5% | 10 |
| 2000s | 1.3% | 0.8% | 2.3% | 10 |
| 2010s | 2.5% | 1.2% | 3.3% | 10 |
| 2020s | 2.8% | 2.6% | 3.0% | 5 |
Countries ranked near Burkina Faso
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 57.04 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.42 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -202.22 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -284.78 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0087 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -8.59 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 9.55 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Burkina Faso?
- Personal remittances, received in Burkina Faso was 2.6% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Burkina Faso?
- The highest recorded value was 9.4% in 1986.
- What is the lowest personal remittances, received recorded in Burkina Faso?
- The lowest recorded value was 0.8% in 2004.
- How does Burkina Faso rank for personal remittances, received?
- Burkina Faso ranks 92nd out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Burkina Faso?
- Over the last ten years it is down 9.5%. The long-run trend across the full record is volatile.
- Where does this Burkina Faso data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.