Remittance inflows to GDP in Burkina Faso
Burkina Faso: Remittance inflows to GDP was 2.9% in 2020. ◆ Volatile
Remittance inflows to GDP in Burkina Faso, 1974–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Burkina Faso recorded 2.9% for remittance inflows to gdp in 2020.
That represents a change of up 1.3% on the previous year and up 145.5% over ten years.
Over the whole period, remittance inflows to gdp in Burkina Faso peaked at 9.4% in 1986 and was at its lowest, 0.8%, in 2004.
That places Burkina Faso 88th out of 197 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Burkina Faso, year by year
| Year | % | Change |
|---|---|---|
| 1974 | 4.8% | — |
| 1975 | 5.1% | +6.0% |
| 1976 | 5.2% | +3.1% |
| 1977 | 5.3% | +1.8% |
| 1978 | 5.3% | -0.5% |
| 1979 | 6.3% | +18.5% |
| 1980 | 7.8% | +24.3% |
| 1981 | 8.6% | +10.7% |
| 1982 | 6.3% | -27.2% |
| 1983 | 7.1% | +12.5% |
| 1984 | 6.2% | -12.6% |
| 1985 | 8.1% | +31.2% |
| 1986 | 9.4% | +16.0% |
| 1987 | 7.3% | -22.3% |
| 1988 | 7.1% | -2.2% |
| 1989 | 5.9% | -17.0% |
| 1990 | 4.5% | -24.1% |
| 1991 | 3.6% | -20.0% |
| 1992 | 3.8% | +6.5% |
| 1993 | 3.7% | -4.5% |
| 1994 | 4.2% | +15.7% |
| 1995 | 3.3% | -22.5% |
| 1996 | 2.9% | -10.6% |
| 1997 | 3.0% | +2.7% |
| 1998 | 2.6% | -15.3% |
| 1999 | 2.1% | -19.8% |
| 2000 | 2.3% | +10.6% |
| 2001 | 1.6% | -31.0% |
| 2002 | 1.6% | +3.6% |
| 2003 | 1.1% | -30.1% |
| 2004 | 0.8% | -28.1% |
| 2005 | 0.9% | +13.2% |
| 2006 | 1.0% | +12.6% |
| 2007 | 1.1% | +6.6% |
| 2008 | 1.1% | -4.7% |
| 2009 | 1.0% | -3.4% |
| 2010 | 1.2% | +16.8% |
| 2011 | 1.8% | +53.6% |
| 2012 | 1.7% | -8.7% |
| 2013 | 2.3% | +37.3% |
| 2014 | 2.8% | +23.9% |
| 2015 | 3.3% | +14.5% |
| 2016 | 3.1% | -4.8% |
| 2017 | 3.0% | -4.6% |
| 2018 | 2.9% | -3.0% |
| 2019 | 2.9% | +0.7% |
| 2020 | 2.9% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | 4.8% | 6.3% | 6 |
| 1980s | 7.4% | 5.9% | 9.4% | 10 |
| 1990s | 3.4% | 2.1% | 4.5% | 10 |
| 2000s | 1.3% | 0.8% | 2.3% | 10 |
| 2010s | 2.5% | 1.2% | 3.3% | 10 |
| 2020s | 2.9% | 2.9% | 2.9% | 1 |
Countries ranked near Burkina Faso
More financial sector data for Burkina Faso
- Net domestic credit (current LCU), annual growth rate 2.61 % change on previous year (2025)
- Net domestic credit (current LCU), per unit of GDP 184.07 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), per capita 211,230 current LCU per person (2025)
- Net foreign assets (current LCU), annual growth rate 49.61 % change on previous year (2025)
- Net foreign assets (current LCU), per unit of GDP 112.28 current LCU per US$ of GDP (2025)
- Net foreign assets (current LCU), per capita 128,854 current LCU per person (2025)
- Net migration, annual growth rate -5.13 % change on previous year (2025)
- Net migration -27,130 (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Domestic credit to private sector 22.7% (2025)
Frequently asked questions
- What is remittance inflows to gdp in Burkina Faso?
- Remittance inflows to gdp in Burkina Faso was 2.9% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Burkina Faso?
- The highest recorded value was 9.4% in 1986.
- What is the lowest remittance inflows to gdp recorded in Burkina Faso?
- The lowest recorded value was 0.8% in 2004.
- How does Burkina Faso rank for remittance inflows to gdp?
- Burkina Faso ranks 88th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Burkina Faso?
- Over the last ten years it is up 145.5%. The long-run trend across the full record is volatile.
- Where does this Burkina Faso data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.