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FAST FACTS AFRICA: Burkina Faso

July 15, 2014 - 15:45 GMT Location: Johannesburg

KEYWORDS: Africa , economy

Burkina Faso is a landlocked country in West Africa, neighbouring Côte d’Ivoire, Mali, Niger, Benin, Togo and Ghana. Its key metals interests include gold, zinc and manganese.

The country covers an area of 274,200 sq km. It has a population of about 16.5 million, with an unemployment rate of 3.3%, and the official language is French. Burkina Faso lacks manufacturing industries because of poor infrastructure, access to energy, and a lack of skilled labour. GDP growth forecast Burkina Faso’s economic growth is affected by gold prices. In 2012, when gold prices were at historic highs, the country had GDP growth of 9%. In 2013, the rate fell to 6.9% and is expected to remain around this level for 2014. According to forecasts...

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