Follerau, Ouagadougou
mailing address: 01 B. P. 35, Ouagadougou
telephone:
[226] 30-67- 23 through 25
FAX:
[226] 31-23-68
Flag:
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

*Burkina, Economy

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 - exchange rate conversion - $3.3 billion (1991)
National product real growth rate:
1.3% (1990 est.)
National product per capita:
$350 (1991)
Inflation rate (consumer prices):
-1% (1990)
Unemployment rate:
NA%
Budget:
revenues $495 million; expenditures $786 million, including capital
expenditures of $NA (1991)
Exports:
$304.8 million (f.o.b., 1990)
commodities:
cotton, gold, animal products
partners:
EC 45%, Taiwan 15%, Cote d'Ivoire 15% (1987)
Imports:
$593 million (f.o.b., 1990)
commodities:
machinery, food products, petroleum
partners:
EC 51%, Africa 25%, US 6% (1987)
External debt:
$865 million (December 1991 est.)
Industrial production:
growth rate 5.7% (1990 est.), accounts for about 23% of GDP (1989)
Electricity:
120,000 kW capacity; 320 million kWh produced, 40 kWh per capita (1991)
Industries:
cotton lint, beverages, agricultural processing, soap, cigarettes, textiles,
gold mining and extraction
Agriculture:
accounts for about 30% of GDP; cash crops - peanuts, shea nuts, sesame,
cotton; food crops - sorghum, millet, corn, rice; livestock; not
self-sufficient in food grains
Economic aid:
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 - 274.06 (January 1993), 264.69 (1992), 282.11
(1991), 272.26 (1990), 319.01 (1989), 297.85 (1988)
Fiscal year:
calendar year

*Burkina, Communications

Railroads:
620 km total; 520 km Ouagadougou to Cote d'Ivoire