Market Research In Burkina Faso

Burkina Faso Profile:

  • Burkina Faso is a francophone country, formerly called the Republic of Upper Volta (1958-1984), the country was renamed “Burkina Faso” on 4 August 1984 by then-President Thomas Sankara.
  • The country is divided into 13 administrative regions. These regions encompass 45 provinces and 301 departments. Each region is administered by a Governor.
  • Burkina Faso is a member of the African Union, Community of Sahel-Saharan States, La Francophonie, Organisation of Islamic Cooperation, Economic Community of West African States, and United Nations.
  • Agriculture represents 32% of its gross domestic product and occupies 80% of the working population.
  • Burkina Faso was ranked the 111th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings

Burkina Faso Economy:

  • Burkina Faso is a poor, landlocked country that depends on adequate rainfall and has few natural resources and a weak industrial base.
  • Cotton and gold are Burkina Faso’s key exports – gold has accounted for about three-quarters of the country’s total export revenues.
  • Burkina Faso’s economic growth and revenue depends largely on production levels and global prices for the two commodities.
  • The Burkinabe economy experienced high levels of growth over the last few years, and the country has seen an upswing in gold exploration, production and exports.
  • Political insecurity in neighbouring Mali, unreliable energy supplies and poor transportation links pose long-term challenges for economic growth.

Burkina Faso Facts:

  • Population: 20.1 million
  • Capital: Ouagadougou
  • Largest city: Ouagadougou
  • Area: 274,200 sq km
  • Major language: French (official), native African languages (Moore, Fulani, Dioula)
  • Major religion: Muslim 61.5%, Roman Catholic 23.3%, traditional/animist 7.8%, Protestant 6.5%
  • Life expectancy: 53.8 years (Male), 58 years (Female)
  • Monetary unit: 1 West African CFA franc = 100 centime
  • Main exports: Gold, cotton, livestock
  • GNI per Capita: $1,730

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