Economy

Burkina Faso has one of the lowest GDP per capita incomes in the world: $1,200.

Agriculture represents 32% of its gross domestic product and occupies 80% of the working population. It consists mostly of livestock but also, especially in the south and southwest, of growing sorghumpearl milletmaize (corn)peanutsrice and cotton.

Unemployment causes a high rate of emigration. For example, three million citizens of Burkina Faso live in Côte d’Ivoire. According to the Central Bank of West African States, these migrants send substantial amounts of money back to Burkina Faso each year. Since the 1967 expulsions from Ghana, this situation has provoked tensions in the recipient countries. The most recent crisis occurred owing to the events of 2003 in Côte d’Ivoire, which led to the return of 300,000 migrants.

A large part of the economic activity of the country is funded by international aid.

The currency of Burkina Faso is the CFA franc.

There is mineral exploitation of copperironmanganese and, above all, gold.

Burkina Faso also hosts the International Art and Craft Fair, Ouagadougou, better known by its French name as SIAOLe Salon International de l’ Artisanat de Ouagadougou, one of the most important African handicraft fairs.

Burkina Faso is a member of the Organization for the Harmonization of Business Law in Africa (OHADA).