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| Government Type |
parliamentary republic |
| Legal System |
based on French civil law system and customary law |
| Currency |
Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States |
| Economic 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. 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. |
| Natural Resources |
manganese, limestone, marble; small deposits of gold, antimony, copper, nickel, bauxite, lead, phosphates, zinc, silver |
| Primary Industries |
cotton lint, beverages, agricultural processing, soap, cigarettes, textiles, gold |
| Agricultural Products |
cotton, peanuts, shea nuts, sesame, sorghum, millet, corn, rice; livestock |
| Import Commodities |
capital goods, foodstuffs, petroleum |
| Export Commodities |
cotton, livestock, gold |
| Export Partners |
Singapore 14.9%, Italy 13.8%, France 7.3% (2001) |
| AIRPORTS of Burkina Faso |
| Ouagadougou Airport |
International, Ouagadougou 3km (1mile), Position 12°21´14"N, 001°31´41"W,5 Aircraft Stands |
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