Services balance (credit less debit), Net (credits less debits) in Burkina Faso
Burkina Faso: Services balance (credit less debit), Net (credits less debits) was -828.81 million in 2023. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Burkina Faso, 2005–2023
Source: International Monetary Fund.
Analysis
In 2023, services balance (credit less debit), net (credits less debits) in Burkina Faso stood at -828.81 million.
The figure is up 11.9% on the previous year and up 10.9% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Burkina Faso peaked at -295.01 million in 2005 and was at its lowest, -945.66 million, in 2018.
That places Burkina Faso 134th out of 197 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Services balance (credit less debit), Net (credits less debits) in Burkina Faso, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -295.01 million | — |
| 2006 | -300.44 million | +1.8% |
| 2007 | -361.71 million | +20.4% |
| 2008 | -482.31 million | +33.3% |
| 2009 | -409.58 million | -15.1% |
| 2010 | -535.73 million | +30.8% |
| 2011 | -728.01 million | +35.9% |
| 2012 | -798.27 million | +9.7% |
| 2013 | -930.15 million | +16.5% |
| 2014 | -857.04 million | -7.9% |
| 2015 | -775.93 million | -9.5% |
| 2016 | -795.40 million | +2.5% |
| 2017 | -892.88 million | +12.3% |
| 2018 | -945.66 million | +5.9% |
| 2019 | -921.27 million | -2.6% |
| 2020 | -753.14 million | -18.2% |
| 2021 | -860.26 million | +14.2% |
| 2022 | -940.85 million | +9.4% |
| 2023 | -828.81 million | -11.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -369.81 million | -482.31 million | -295.01 million | 5 |
| 2010s | -818.04 million | -945.66 million | -535.73 million | 10 |
| 2020s | -845.77 million | -940.85 million | -753.14 million | 4 |
Countries ranked near Burkina Faso
- 131 Suriname -709.11 million compare
- 132 Tajikistan -776.00 million compare
- 133 Mauritania -818.51 million compare
- 135 West Bank and Gaza -876.23 million compare
- 136 Mozambique -965.60 million compare
- 137 Canada -986.06 million compare
More financial sector data for Burkina Faso
- Net domestic credit (current LCU), per capita 211,230 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 184.07 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 2.61 % change on previous year (2025)
- Reserve tranche position, SDR, per capita 0.9818 units per person (2025)
- Reserve tranche position, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve tranche position, US dollar, per capita 1.34 units per person (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, SDR, per capita 0.9818 units per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Burkina Faso?
- Services balance (credit less debit), net (credits less debits) in Burkina Faso was -828.81 million in 2023, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Burkina Faso?
- The highest recorded value was -295.01 million in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Burkina Faso?
- The lowest recorded value was -945.66 million in 2018.
- How does Burkina Faso rank for services balance (credit less debit), net (credits less debits)?
- Burkina Faso ranks 134th out of 197 countries with data for 2023.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Burkina Faso?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is falling.
- Where does this Burkina Faso data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.