Trade in services in Burkina Faso
Burkina Faso: Trade in services was 9.1% in 2024. ▲ Rising
Trade in services in Burkina Faso, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Burkina Faso stood at 9.1%.
Compared with earlier readings it is down 11.8% on the previous year and down 28.2% over ten years.
Over the whole period, trade in services in Burkina Faso peaked at 14.3% in 2013 and was at its lowest, 6.4%, in 2006.
That places Burkina Faso 167th out of 200 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Trade in services in Burkina Faso, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 6.9% | — |
| 2006 | 6.4% | -6.6% |
| 2007 | 7.0% | +8.7% |
| 2008 | 7.8% | +11.3% |
| 2009 | 7.6% | -2.6% |
| 2010 | 11.2% | +47.8% |
| 2011 | 12.9% | +15.3% |
| 2012 | 13.1% | +1.1% |
| 2013 | 14.3% | +9.6% |
| 2014 | 12.6% | -11.6% |
| 2015 | 13.2% | +4.1% |
| 2016 | 13.1% | -0.4% |
| 2017 | 13.1% | +0.3% |
| 2018 | 13.0% | -1.4% |
| 2019 | 12.5% | -3.7% |
| 2020 | 10.0% | -20.0% |
| 2021 | 10.0% | +0.2% |
| 2022 | 10.5% | +4.5% |
| 2023 | 10.3% | -1.5% |
| 2024 | 9.1% | -11.8% |
Burkina Faso compared with similar countries
- Burkina Faso's 9.1% is below the median for low income countries, which is 12.4%, 73% of the median. (23 countries reporting)
- Burkina Faso's 9.1% is below the median for Sub-Saharan Africa, which is 12.9%, 71% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Trade in services in Burkina Faso changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +47.8% | 7.6% | 11.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | 6.4% | 7.8% | 5 |
| 2010s | 12.9% | 11.2% | 14.3% | 10 |
| 2020s | 10.0% | 9.1% | 10.5% | 5 |
Countries ranked near Burkina Faso
- 164 Nepal 9.6% compare
- 165 Venezuela, Bolivarian Republic of 9.5% compare
- 166 South Africa 9.3% compare
- 168 Afghanistan 9.0% compare
- 169 Côte d'Ivoire 9.0% compare
- 170 Kazakhstan 8.8% 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)
- 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 trade in services in Burkina Faso?
- Trade in services in Burkina Faso was 9.1% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Burkina Faso?
- The highest recorded value was 14.3% in 2013.
- What is the lowest trade in services recorded in Burkina Faso?
- The lowest recorded value was 6.4% in 2006.
- How does Burkina Faso rank for trade in services?
- Burkina Faso ranks 167th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Burkina Faso?
- Over the last ten years it is down 28.2%. The long-run trend across the full record is rising.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.