CIA Factbook The World Factbook 1994: BurkinaEconomy Overview: One of the poorest countries in the world, Burkina has a high population density, few natural resources, and relatively infertile soil. Economic development is hindered by a poor communications network within a landlocked country. Agriculture provides about 40% of GDP and is entirely of a subsistence nature. Industry, dominated by unprofitable government-controlled corporations, accounts for about 15% of GDP. National product: GDP—purchasing power equivalent—$7 billion (1993 est.) National product real growth rate: 0.7% (1992) National product per capita: $700 (1993 est.) Inflation rate (consumer prices): -0.8% (1992) Unemployment rate: NA% Budget: • revenues: $483 million • expenditures: $548 million, including capital expenditures of $189 million (1992) Exports: $300 million (f.o.b., 1992) • commodities: cotton, gold, animal products • partners: EC 42%, Cote d'Ivoire 11%, Taiwan 15% Imports: $685 million (f.o.b., 1992) • commodities: machinery, food products, petroleum • partners: EC 49%, Africa 24%, Japan 6% External debt: $865 million (December 1991 est.) Industrial production: growth rate 6.7% (1992); accounts for about 15% of GDP Electricity: • capacity: 120,000 kW • production: 320 million kWh • consumption per capita: 40 kWh (1991) Industries: cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, gold mining and extraction Agriculture: accounts for about 40% of GDP; cash crops—peanuts, shea nuts, sesame, cotton; food crops—sorghum, millet, corn, rice; livestock; not self-sufficient in food grains Economic aid: • recipient: US commitments, including Ex-Im (FY70-89), $294 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $2.9 billion; Communist countries (1970-89), $113 million Currency: 1 CFA franc (CFAF)=100 centimes Exchange rates: CFA francs (CFAF) per US$1—592.05 (January 1994), 283.16 (1993), 264.69 (1992), 282.11 (1991), 272.26 (1990), 319.01 (1989) • note: beginning 12 January 1994 the CFA franc was devalued to CFAF 100 per French franc from CFAF 50 at which it had been fixed since 1948 Fiscal year: calendar year