Diplomatic representation in the US:
chief of mission: Ambassador Tertius ZONGO
FAX: [1] (202) 667-1882
telephone: [1] (202) 332-5577
chancery: 2340 Massachusetts Avenue NW, Washington, DC 20008
Diplomatic representation from the US:
chief of mission: Ambassador Anthony HOLMES
embassy: 602 Avenue Raoul Follereau, Koulouba, Secteur 4
mailing address: 01 B. P. 35, Ouagadougou 01; pouch mail - U. S.
Department of State, 2440 Ouagadougou Place, Washington, DC
20521-2440
telephone: [226] 306723
FAX: [226] 303890
Flag description:
two equal horizontal bands of red (top) and green with a yellow
five-pointed star in the center; uses the popular pan-African colors
of Ethiopia
Economy Burkina Faso
Economy - overview:
One of the poorest countries in the world, landlocked Burkina Faso
has few natural resources, a fragile soil, and a highly unequal
distribution of income. About 90% of the population is engaged in
(mainly subsistence) agriculture, which is vulnerable to variations
in rainfall. Cotton is the key crop. Industry remains dominated by
unprofitable government-controlled corporations. Following the
African franc currency devaluation in January 1994 the government
updated its development program in conjunction with international
agencies, and exports and economic growth have increased.
Maintenance of macroeconomic progress depends on continued low
inflation, reduction in the trade deficit, and reforms designed to
encourage private investment. The internal crisis in neighboring
Cote d'Ivoire continues to hurt trade and industrial prospects and
deepens the need for international assistance.
GDP:
purchasing power parity - $14.55 billion (2003 est.)
GDP - real growth rate:
5.2% (2003 est.)
GDP - per capita:
purchasing power parity - $1,100 (2003 est.)
GDP - composition by sector:
agriculture: 39.8%
industry: 19.6%
services: 40.5% (2003)
Investment (gross fixed):
29% of GDP (2003)
Population below poverty line:
45% (2003 est.)
Household income or consumption by percentage share:
lowest 10%: 2%
highest 10%: 46.8% (1994)
Distribution of family income - Gini index:
48.2 (1994)
Inflation rate (consumer prices):
1.9% (2003 est.)
Labor force:
5 million
note: a large part of the male labor force migrates annually to
neighboring countries for seasonal employment (2003)
Labor force - by occupation:
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