世界各国

Burkina Faso

Introduction to Burkina Faso

Burkina Faso (formerly Upper Volta) achieved independence from France in 1960. Repeated military coups during the 1970s and 1980s were followed by multiparty elections in the early 1990s. Burkina Faso's high population density and limited natural resources result in poor economic prospects for the majority of its citizens. Recent unrest in Cote d'Ivoire and northern Ghana has hindered the ability of several hundred thousand seasonal Burkinabe farm workers to find employment in neighboring countries.

Government

Capital:

Ouagadougou

Independence:

5 August 1960 (from France)

National holiday:

Republic Day, 11 December (1958)

Economy

Economy overview:

One of the poorest countries in the world, landlocked Burkina Faso has few natural resources, a fragile soil, and a highly unequal distribution of income. About 90% of the population is engaged in (mainly subsistence) agriculture, which is vulnerable to variations in rainfall. Cotton is the key crop. Industry remains dominated by unprofitable government-controlled corporations. Following the African franc currency devaluation in January 1994 the government updated its development program in conjunction with international agencies, and exports and economic growth have increased. Maintenance of macroeconomic progress depends on continued low inflation, reduction in the trade deficit, and reforms designed to encourage private investment. The internal crisis in neighboring Cote d'Ivoire continues to hurt trade and industrial prospects and deepens the need for international assistance.

GDP:

purchasing power parity - id=mce_marker4.55 billion (2004 est.)

GDP - composition by sector:

agriculture: 39.8%
industry: 19.6%
services: 40.5% (2004 est.)

Agriculture products:

cotton, peanuts, shea nuts, sesame, sorghum, millet, corn, rice; livestock

Industries:

cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, gold

Transportation

Airports:

33 (2003 est.)