- The Burkinabè government on Wednesday adopted a report on the
third macroeconomic framework which highlights growth of 6.0% for the year 2019.
“It emerges from this report that economic activity recorded growth of 6.0% for 2019 against 6.8%
in 2018", indicates the report of the council of ministers held on Wednesday.
The report underlines that this growth is driven mainly by the tertiary sector.
On the demand side, real GDP growth in 2019 is driven by final consumption and
investment, with respectively 7.4 and 3.6 percentage points of growth against 5.6 and 1.8 in
2018, according to the same source.
With regard to public finances, total revenue and donations were mobilized to the tune of 1,598.1
billion FCFA ($2.63 billion) at the end of October 2019 against 1.412 billion FCFA ($2.32 billion) at the
same period in 2018, i.e. an increase of 13.2%.
At the end of October 2019, total expenditure and net lending stood at 1,828.0 billion FCFA ($3
billion) against 1,563.2 billion FCFA ($2.57 billion) in the same period in 2018, an increase of
264.8 billion FCFA (+16.9%, $435 million).
In total, the overall deficit on a commitment basis stands at 254.0 billion FCFA (3.0% of GDP, $418 million)
against 3.817 billion FCFA (4.9% of GDP, $6.29 billion) in 2018, i.e. a reduction of 127.8 billion
of FCFA (-33.5%, $210 million).
In perspective, over the period 2020-2022, economic activity is expected to grow by 6.4% in 2020,
driven mainly by the secondary sector (+9.9%), underlines the report.
Over the 2021-2022 period, it should record annual average growth of 6.5% under the impetus
tertiary sector activities (+7.8% in 2021 and 7.6% in 2022).