With a GDP of approximately $20 billion in 2023 and a population of around 23 million, Burkina Faso is a growing economy in West Africa. The country’s economy heavily relies on agriculture, employing about 80% of its population, with cotton being a major export. Burkina Faso’s per capita income is approximately $900.
In recent decades, the government has focused on expanding its mining sector, particularly gold, which now accounts for over 70% of export revenues. Opportunities for investment are also present in agriculture, renewable energy, and infrastructure. Despite facing challenges such as political instability and poverty, recent reforms aim to enhance the business environment and attract foreign direct investment (FDI), positioning Burkina Faso as an emerging market with significant potential for growth.