Current Account Balance (As % of GDP) fell to -8.57% in Burkina Faso in 2018

Current Account Balance (As % of GDP) (%)
Economy | Burkina Faso | May 17, 2019
$2.99
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Current account balance as a share of GDP reached -8.57 % in 2018 in Burkina Faso, according to the National Statistical Office. This is 11716 % more than in the previous year.

Historically, current account balance as a share of GDP in Burkina Faso reached an all time high of 0.518 % in 1984 and an all time low of -13.2 % in 2000. When compared to Burkina Faso's main peers, current account balance as a share of GDP in Ghana amounted to -4.06 %, -4.58 % in Ivory Coast, -7.23 % in Mali and -16.2 % in Niger in 2018.

Burkina Faso has been ranked 141st within the group of 172 countries we follow in terms of current account balance as a share of GDP, 10 places behind the position seen 10 years ago.

The current account is one of the two primary components of the balance of payments, the other being the capital account.

Current Account Balance (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Algeria % -0.132% -8.98% -7.93% -6.28% -5.18%
Benin % -0.100% -10.6% -8.87% -8.61% -8.03%
Burkina Faso % -0.073% -8.57% -7.56% -6.72% -6.51%
Chad % -5.66% -4.15% -5.46% -4.40% -4.65%
Ghana % -0.034% -4.06% -4.00% -3.86% -3.78%
Guinea % 0.050% -21.2% -16.4% -17.4% -13.5%
Ivory Coast % -0.028% -4.58% -4.20% -3.88% -3.56%
Liberia % -0.172% -18.3% -21.4% -22.1% -23.0%
Libya % 8.42% 1.55% 2.91% -4.22% -3.35%
Mali % -0.079% -7.23% -7.81% -7.70% -7.61%
Mauritania % -0.141% -16.0% -17.3% -9.67% -8.46%
Niger % -0.157% -16.2% -18.3% -20.2% -16.6%
Togo % -0.020% -9.24% -8.00% -7.00% -6.05%