Financial account balance (assets less liabilities), Net (net) in Burkina Faso
Burkina Faso: Financial account balance (assets less liabilities), Net (net) was -604.53 million in 2023. ◆ Volatile
Financial account balance (assets less liabilities), Net (net) in Burkina Faso, 2005–2023
Source: International Monetary Fund.
Analysis
In 2023, financial account balance (assets less liabilities), net (net) in Burkina Faso stood at -604.53 million.
That represents a change of up 40.2% on the previous year and up 30.4% over ten years.
Over the whole period, financial account balance (assets less liabilities), net (net) in Burkina Faso peaked at 1.11 billion in 2020 and was at its lowest, -1.01 billion, in 2022.
That places Burkina Faso 120th out of 197 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial account balance (assets less liabilities), Net (net) in Burkina Faso, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -430.84 million | — |
| 2006 | 1.02 billion | -335.6% |
| 2007 | -262.38 million | -125.8% |
| 2008 | -778.13 million | +196.6% |
| 2009 | -147.34 million | -81.1% |
| 2010 | 16.15 million | -111.0% |
| 2011 | 22.67 million | +40.4% |
| 2012 | 117.57 million | +418.7% |
| 2013 | -868.35 million | -838.6% |
| 2014 | -608.64 million | -29.9% |
| 2015 | -626.13 million | +2.9% |
| 2016 | -534.79 million | -14.6% |
| 2017 | -595.24 million | +11.3% |
| 2018 | -364.91 million | -38.7% |
| 2019 | -315.17 million | -13.6% |
| 2020 | 1.11 billion | -452.7% |
| 2021 | 462.49 million | -58.4% |
| 2022 | -1.01 billion | -318.5% |
| 2023 | -604.53 million | -40.2% |
Burkina Faso compared with similar countries
- Burkina Faso's -604.53 million is above the median for low income countries, which is -695.48 million, 87% of the median. (20 countries reporting)
- Burkina Faso's -604.53 million is above the median for Sub-Saharan Africa, which is -604.53 million, 1.0× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Financial account balance (assets less liabilities), Net (net) in Burkina Faso changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | -838.6% | 117.57 million | -868.35 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -120.69 million | -778.13 million | 1.02 billion | 5 |
| 2010s | -375.69 million | -868.35 million | 117.57 million | 10 |
| 2020s | -10.27 million | -1.01 billion | 1.11 billion | 4 |
Countries ranked near Burkina Faso
More external debt data for Burkina Faso
- IFC, private nonguaranteed 33.88 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.44 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0015 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 41.9 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.4% (2024)
- Net financial flows, IDA 320.83 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 13.62 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0139 NFL, current US$ per US$ of GDP (2024)
- Public and publicly guaranteed debt service 4.2% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 641.04 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is financial account balance (assets less liabilities), net (net) in Burkina Faso?
- Financial account balance (assets less liabilities), net (net) in Burkina Faso was -604.53 million in 2023, according to International Monetary Fund.
- What is the highest financial account balance (assets less liabilities), net (net) recorded in Burkina Faso?
- The highest recorded value was 1.11 billion in 2020.
- What is the lowest financial account balance (assets less liabilities), net (net) recorded in Burkina Faso?
- The lowest recorded value was -1.01 billion in 2022.
- How does Burkina Faso rank for financial account balance (assets less liabilities), net (net)?
- Burkina Faso ranks 120th out of 197 countries with data for 2023.
- Is financial account balance (assets less liabilities), net (net) rising or falling in Burkina Faso?
- Over the last ten years it is up 30.4%. The long-run trend across the full record is volatile.
- Where does this Burkina Faso data come from?
- The figures come from International Monetary Fund, published as part of Financial account balance (assets less liabilities), Net (net acquisition of financial assets less net incurrence of liabilities), Adjusted using IMF accounting records (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.