Burkina Faso is a low-income, landlocked Sub-Saharan country with limited natural resources. Its population, which is growing at an average annual rate of 3.1 percent, was estimated at almost 18.6 million inhabitants in 2016. The economy is heavily reliant on agriculture, with close to 80 percent of the active population employed in the sector. Cotton is the country’s most important cash crop, while gold exports have gained importance in recent years.
Burkina Faso's real GDP growth for Burkina Faso is projected to be 6.0% in 2019 and 5.9% in 2020, driven mainly by cotton ginning, cash crop farming, and financial services. On the demand side, final consumption and investment will remain the key drivers of GDP growth in 2019.
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