The 1994 CIA World Factbook. United States. Central Intelligence Agency

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       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 - 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

      @Burkina, Communications

      Railroads:

       620 km total; 520 km Ouagadougou to Cote d'Ivoire border and 100 km

       Ouagadougou to Kaya; all 1.00-meter gauge and single track

       Highways:

       total:

       16,500 km

       paved:

       1,300 km

       unpaved:

       improved earth 7,400 km; unimproved earth 7,800 km (1985)

       Airports:

       total:

       48

       usable:

       38

       with permanent-surface runways:

       2

       with runways over 3,659 m:

       0

       with runways 2,440–3,659 m:

       2

       with runways 1,220–2,439 m:

       8

       Telecommunications:

       all services only fair; microwave radio relay, wire, and radio

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