Burkina Faso

Despite a low GDP per capita of $873.48, Burkina Faso reported a remarkably low inflation rate of 0.743% in 2023. This stability in prices is unusual for a developing economy, especially one facing significant economic and social challenges, and could indicate either effective monetary policy or subdued demand.

Burkina Faso exhibits characteristics of a very young population, with a high fertility rate of 4.19 children per woman. This demographic trend, combined with a relatively low life expectancy of 61.09 years, suggests significant pressure on future resources and social services, while also indicating a large proportion of young dependents.

Burkina Faso faces a substantial challenge in human development, evidenced by a literacy rate of only 41.442%. This low educational attainment is coupled with a high infant mortality rate of 44.800 per 1,000 live births, highlighting critical needs in both education and public health infrastructure.

Only 21.700% of Burkina Faso's population has access to electricity, which is a significant barrier to economic development and quality of life. This low access rate impacts everything from education and healthcare to industrial growth and household well-being, especially given the country's low urbanization rate.