Africa > West Africa > Burkina faso > Burkina Faso Outlook for 2016-17

Burkina Faso: Burkina Faso Outlook for 2016-17


The country (Burkina Faso) is situated in Western Africa, north of Ghana.
It has borders with Benin for 306km, Ivory Coast for 584km, Ghana for 549km, Mali for 1000km, Niger for 628km and Togo for 126km. Land in Burkina Faso is typically flat to dissected, undulating plains; hills in west and southeast. Burkinabe land covers an area of 274200 km².
The climate is tropical with warm and dry winters and hot and wet summers.
Burkinabe (singular and plural) speak French (official), native African languages belonging to Sudanic family spoken by 90% of the people.

Country Overview

Burkina Faso is a low-gain ($690 gross per capita gain in 2014), landlocked Sub-Saharan country, with limited natural resources. Its people, which is growing at an average annual rate of 3%, was estimated at almost 17.9 million inhabitants in 2014. The economy is heavily reliant on agricultural production, with close to 80% of the active people employed in the sector. Cotton is the country’s most significant cash crop, while gold exports have gained importance in recent years.

Political Context

2015 marked a new chapter in Burkina Faso’s history. One year next the popular uprising of October 2014 that forced President Blaise Compaore into exile next 27 years in power, the country organized presidential and legislative elections. On November 29, 2015, Roch Marc Christian Kabore, chief of the People’s Movement for Evolution (MPP), was elected president of Burkina Faso with 53,46% of the votes in the initial round. Zephirin Diabre from the Union for Change and Evolution (UPC), was runner up with 29,62% of the votes.

President Kabore’s party, the MPP, won 55 of the 127 parliamentary seats. Through alliances with certain parties, the MPP is guaranteed a majority in Parliament. For the initial time in the country’s history, the Burkinabe people have chosen a president through free and equitable elections.

On January 15, 2016, Burkina Faso was struck by a terrorist attack which resulted in several casualties.

Economic Overview

While Burkina Faso has experienced average annual increase of 6% over the completed few years, increase slowed to a rate of 4% in 2014. This may be attributed to the significant and persistent fall in the prices of gold and cotton (27% and 8% respectively), the decline in cereal production and the political crisis of 2014.

Economic increase is expected to reach at least 5% in 2016 and 5.9% in 2017 due to the recovery of mining and the return to democratic institutions.

Strengthening security to combat jihadist threats is still a major challenge to economic revival, particularly next the January 2016 terrorist attack.
Urban increase has speeded up in the completed decade and the urban people could reach 35% of the total by 2026, but towns and cities are still poorly equipped to sustainably manage this increase.

Economic prospects for 2016 are good, with in general increase estimate at 5.0% (slightly up from 4.8% in 2015) thanks to the return of democratic institutions next the 2015 elections and the resumption of mineral production. Inflation should remain modest (about 2% in 2016 and 2017) due to a good harvest and low world oil prices.

This increase rate is still far from the robust 2010-13 period, at the same time as it was well above an annual 6%. The economy has been damaged since 2014 by the political transition following the October 2014 popular uprising and two factors that are likely to persist in 2016: a drop in gold and cotton prices and higher defence spending in the final quarter of 2015.

Economic prospects as well still depend on the new democratically elected government’s ability to foster political peace to ensure institutional stability. Stronger security measures to tackle jihadist threats remain a major challenge too, particularly next the January 2016 terrorist attack. Although the poverty rate fell to 40.1% in 2014 (from 46.7% in 2009), the social situation remains worrying, with vast inequalities, so poverty is a source of next uncertainty, along with unemployment and under-employment part urban youth and women.

Burkina Faso is one of the world’s least urbanised nations, but its towns and cities have grown additional quickly in the last decade. Urban-dwellers were 22.7% of the people in 2014 and could reach 35% in 2026. Weak urban governance has produced slums, and the country faces economic, ecological and infrastructural challenges. The dual land management system may seriously threaten national development policy. Large towns and cities are poorly equipped for sustainable development, and the economies of second-category urban areas are dominated by raw materials production, which is an obstacle to real efforts to turn them into centres of sustainable development.

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