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Polity
Published: 05 Sep 2011
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| Burkina Faso | |
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Formerly Upper Volta, Burkina Faso achieved independence from France in August 1960 and spent many of its post-independence years under military rule. Repeated military coups during the 1970s and 1980s were followed by multiparty elections in the early 1990s. Current President Blaise Campaore came to power in a 1987 military coup and has won every election since then. The land locked country has suffered from recurring droughts, high population density and limited natural resources that have resulted in poor economic prospects for the majority of its citizens. The country is the world's third poorest country. It has 45 provinces and its official language is French. Leader: Chief of state Blaise Campaore Capital city: Ouagadougou Economic profileMonetary unit: CFA franc (Communaute Financiere Africaine)GDP composition by sector: Agriculture: 230.1% of GDP (2009) (CIA) Industry: 20.7% of GDP (2009) (CIA) Services: 49.2% of GDP (2009) (CIA) GDP growth rate: 5.8% (2010) (World Bank) Budget: Government revenue, excluding grants: $1.87-billion (2010) (IMF) Government expenditure: $2.343-billion (2010) (IMF) Consumer price inflation: 1.4% (2010) (CIA) Industries: Cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, and gold. Exports of goods and services: $99-million (2010) (IMF) Imports of goods and services: $772-million (2010) (IMF) Import commodities: Capital goods, foodstuffs, and petroleum. Export commodities: Cotton, livestock, and gold. Trade balance: -$486-million (2010) (IMF) Reserves: $1.588-billion (2010) (CIA) Total investment: 19.7% of GDP (2010) (CIA) Market capitalisation of listed companies: Figures not available
Population: 15.75-million (2010) (World Bank) |
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