Burkina Faso | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Burkina Faso
Records
63
Source
Burkina Faso | GDP (current US$)
1960 330442815.82119
1961 350247234.26071
1962 379567099.24942
1963 394040667.10633
1964 410321644.96491
1965 422916789.7483
1966 433889766.23944
1967 450753923.54805
1968 460442689.37638
1969 478298645.39382
1970 458404268.76197
1971 482411179.12118
1972 578595521.99013
1973 674773569.87755
1974 751133430.4493
1975 939972703.46302
1976 976547188.05478
1977 1131224878.1886
1978 1475583644.9361
1979 1748480620.524
1980 1928719888.2069
1981 1775842333.5704
1982 1754450096.2372
1983 1600278605.2547
1984 1459880132.1411
1985 1552493196.2842
1986 2036303357.6811
1987 2369834949.7323
1988 2616040478.9931
1989 2615587733.973
1990 3101300778.5641
1991 3135045584.0839
1992 3356692505.1827
1993 3199536465.2333
1994 1895290637.095
1995 2379517975.2806
1996 2586550595.4101
1997 2447669101.9518
1998 2804902367.1469
1999 3389566712.6604
2000 2968370087.5976
2001 3190371080.9477
2002 3622350062.9605
2003 4740768142.6749
2004 5451688537.6096
2005 6146353173.3493
2006 6547419820.3811
2007 7625722836.7685
2008 9451435490.1147
2009 9450696873.3433
2010 10109619740.699
2011 12080295977.563
2012 12561015156.568
2013 13444300485.841
2014 13943016076.744
2015 11832159315.63
2016 12833363045.337
2017 14106955615.344
2018 15890066221.288
2019 16032813501.664
2020 17725010530.789
2021 19642668879.769
2022 18820064797.838

Burkina Faso | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Burkina Faso
Records
63
Source