Burkina Faso: Statistical Annex

International Monetary Fund

doi:10.5089/9781451803730.002.A001

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Burkina Faso

Statistical Annex

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International Monetary Fund

International Monetary Fund
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Publication Date:: 30 Jun 2003

eISBN:: 9781451803730

Language:: English

Keywords:: ISCR; CR; gross domestic product; debt service; CFA franc; net

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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Abstract

Burkina Faso: Basic Data, 1998-2002

Sources: Burkinabè authorities; and staff estimates.

^1/GDI per capita at constant 1995 U.S. dollars.

^{^2/}End of period; and before HIPC initiative assistance.

^{^3/}In percent of exports of goods and services; and before HIPC initiative assistance.

Burkina Faso: Basic Data, 1998-2002

Area:				274,200 square kilometers
Population: Total (2000)				11.27 million
			Growth rate	2.5 percent
GDP per capita (2000)				US$252
				1998	1999	2000	2001	2002
					(In billions of CFA francs)
Gross Domestic Product				1,648.6	1,730.9	1,851.6	2,039.7	2,179.2
	Total
	At constant 1985 prices			1,124.0	1,199.1	1,218.1	1,274.3	1,332.5
					(In percent of GDP)
	Primary sector			34.5	35.5	33.9	33.3	31.8
	Secondary sector			17.2	16.9	16.2	17.4	18.5
	Tertiary sector			46.0	45.0	48.4	48.0	48.8
					(Annual percentage change)
	Nominal GDP			8.5	5.0	7.0	10.2	6.8
	Real GDP			1.0	6.7	1.6	4.6	4.6
Prices
	GDP deflator			7.5	−1.6	5.3	5.3	2.2
	Consumer price index (end of period)			5.5	−1.1	2.4	1	3.9
					(In billions of CFA francs)
Central government finance
	Revenue and grants			319.0	377.7	354.2	376.3	378.1
	Total expenditure and net lending			363.8	438.3	421.1	457.5	486.4
		Of which; current expenditure		160.5	180.6	194.3	218.8	258.9
			capital expenditure	203.9	257.4	223.7	240.5	230.3
	Overall deficit (commitment basis, excluding grants)			−148.5	−201.7	−201.8	−229.5	−227.0
	Change in domestic arrears			−5.5	−8.3	0.0	0.0	−3.3
	Overall deficit (cash basis, including grants)			−50.3	−69.9	−67.0	−60.9	−68.7
	Financing			50.3	63.8	63.6	66.1	42.3
		Foreign		52.4	57.8	62.0	36.6	85.4
		Domestic		−2.1	1.8	1.6	29.0	−37.4
Money and credit
	Net foreign assets			172.7	163.5	125.8	128.1	136.5
	Net domestic assets			204.2	225.3	285.1	296.2	291.1
		Of which: net claims to government		37.1	49.8	80.3	58.8	13.7
			credit to the economy	180.2	187.2	219.1	249.6	294.8
	Money and quasi money			376.9	388.8	410.8	424.4	427.7
Balance of payments
	Exports, f.o.b.			190.6	156.2	146.4	163.8	164.2
	Imports, f.o.b			−374.2	−357.4	−368.6	−373.3	−381.7
		Trade balance		−183.6	−201.2	−222.2	−209.5	−217.5
	Services (net)			−80.5	−82.0	−91.5	−94.6	−89.0
	Transfers			106.5	85.7	86.8	90.8	81.7
		Current account		−157.6	−197.5	−227.0	−213.3	−224.8
		Excluding official transfers		−225.2	−246.5	−278.1	−278.3	−281.5
	Capital inflows (net)			128.9	120.4	115.4	126.0	92.1
	Errors and omissions			−30.8	−5.7	−5.3	−17.0	3.7
		Overall balance		−23.7	−13.3	−47.5	−24.1	−26.6
		Financing		23.7	13.3	47.5	24.1	12.4
	Change in net foreign assets			20.9	9.1	37.7	−2.4	−8.4
	Change in arrears			0.0	0.0	0.0	0.0	0.0
	Debt relief			0.0	0.0	7.2	26.5	20.8
Gross official reserves
	Gross official reserves (change)			210.1	192.2	171.3	194.0	196.3
	In months of imports, c.i.f.			7.1	6.3	5.5	6.1	5.4
External public debt
	Disbursed and outstanding ^2/			800.9	843.8	1,097.0	1,064.5	944.1
	Debt service ratio ^3/			15.8	21.1	24.5	26.5	26.4
	Arrears			0	0	0	0	0
					(CFA francs per U.S. dollar)
Exchange rate
	End of period			562.2	653.0	731.3	744.3	652.4
	Period average			590.0	614.9	710.0	732.4	694.8

Sources: Burkinabè authorities; and staff estimates.

^1/GDI per capita at constant 1995 U.S. dollars.

^{^2/}End of period; and before HIPC initiative assistance.

^{^3/}In percent of exports of goods and services; and before HIPC initiative assistance.

Burkina Faso: Basic Data, 1998-2002

Area:				274,200 square kilometers
Population: Total (2000)				11.27 million
			Growth rate	2.5 percent
GDP per capita (2000)				US$252
				1998	1999	2000	2001	2002
					(In billions of CFA francs)
Gross Domestic Product				1,648.6	1,730.9	1,851.6	2,039.7	2,179.2
	Total
	At constant 1985 prices			1,124.0	1,199.1	1,218.1	1,274.3	1,332.5
					(In percent of GDP)
	Primary sector			34.5	35.5	33.9	33.3	31.8
	Secondary sector			17.2	16.9	16.2	17.4	18.5
	Tertiary sector			46.0	45.0	48.4	48.0	48.8
					(Annual percentage change)
	Nominal GDP			8.5	5.0	7.0	10.2	6.8
	Real GDP			1.0	6.7	1.6	4.6	4.6
Prices
	GDP deflator			7.5	−1.6	5.3	5.3	2.2
	Consumer price index (end of period)			5.5	−1.1	2.4	1	3.9
					(In billions of CFA francs)
Central government finance
	Revenue and grants			319.0	377.7	354.2	376.3	378.1
	Total expenditure and net lending			363.8	438.3	421.1	457.5	486.4
		Of which; current expenditure		160.5	180.6	194.3	218.8	258.9
			capital expenditure	203.9	257.4	223.7	240.5	230.3
	Overall deficit (commitment basis, excluding grants)			−148.5	−201.7	−201.8	−229.5	−227.0
	Change in domestic arrears			−5.5	−8.3	0.0	0.0	−3.3
	Overall deficit (cash basis, including grants)			−50.3	−69.9	−67.0	−60.9	−68.7
	Financing			50.3	63.8	63.6	66.1	42.3
		Foreign		52.4	57.8	62.0	36.6	85.4
		Domestic		−2.1	1.8	1.6	29.0	−37.4
Money and credit
	Net foreign assets			172.7	163.5	125.8	128.1	136.5
	Net domestic assets			204.2	225.3	285.1	296.2	291.1
		Of which: net claims to government		37.1	49.8	80.3	58.8	13.7
			credit to the economy	180.2	187.2	219.1	249.6	294.8
	Money and quasi money			376.9	388.8	410.8	424.4	427.7
Balance of payments
	Exports, f.o.b.			190.6	156.2	146.4	163.8	164.2
	Imports, f.o.b			−374.2	−357.4	−368.6	−373.3	−381.7
		Trade balance		−183.6	−201.2	−222.2	−209.5	−217.5
	Services (net)			−80.5	−82.0	−91.5	−94.6	−89.0
	Transfers			106.5	85.7	86.8	90.8	81.7
		Current account		−157.6	−197.5	−227.0	−213.3	−224.8
		Excluding official transfers		−225.2	−246.5	−278.1	−278.3	−281.5
	Capital inflows (net)			128.9	120.4	115.4	126.0	92.1
	Errors and omissions			−30.8	−5.7	−5.3	−17.0	3.7
		Overall balance		−23.7	−13.3	−47.5	−24.1	−26.6
		Financing		23.7	13.3	47.5	24.1	12.4
	Change in net foreign assets			20.9	9.1	37.7	−2.4	−8.4
	Change in arrears			0.0	0.0	0.0	0.0	0.0
	Debt relief			0.0	0.0	7.2	26.5	20.8
Gross official reserves
	Gross official reserves (change)			210.1	192.2	171.3	194.0	196.3
	In months of imports, c.i.f.			7.1	6.3	5.5	6.1	5.4
External public debt
	Disbursed and outstanding ^2/			800.9	843.8	1,097.0	1,064.5	944.1
	Debt service ratio ^3/			15.8	21.1	24.5	26.5	26.4
	Arrears			0	0	0	0	0
					(CFA francs per U.S. dollar)
Exchange rate
	End of period			562.2	653.0	731.3	744.3	652.4
	Period average			590.0	614.9	710.0	732.4	694.8

Sources: Burkinabè authorities; and staff estimates.

^1/GDI per capita at constant 1995 U.S. dollars.

^{^2/}End of period; and before HIPC initiative assistance.

^{^3/}In percent of exports of goods and services; and before HIPC initiative assistance.

Table 1.

Burkina Faso: Gross Domestic Product by Sector at Constant 1985 Prices, 1998-2002

Sources: Burkinabè authorities; and staff estimates.

Table 1.

Burkina Faso: Gross Domestic Product by Sector at Constant 1985 Prices, 1998-2002

			1998	1999	2000	2001	2002
							Est.
			(In billions of 1985 CFA francs, unless otherwise indicated)
Primary sector			392.3	406.9	391.7	424.2	429.3
	Agriculture		269.9	280.6	261.1	290.1	291.5
	Livestock		68.5	70.2	71.9	73.7	75.6
	Forestry and fishing		54.0	56.1	58.6	60.4	62.2
Secondary sector			189.0	200.2	216.8	218.3	241.1
	Mining and industry		135.9	138.1	149.3	148.7	162.1
	Electricity, gas, and water		8.7	10.2	11.4	12.4	12.9
	Construction and public works		44.4	51.9	56.1	57.1	66.0
Tertiary sector			518.2	561.9	592.7	617.7	650.5
	Trade		160.7	181.1	191.5	200.3	211.3
	Transport		47.8	51.3	54.3	56.8	59.9
	Nonmarket services		181.5	191.8	201.5	208.4	218.7
	Other services		128.2	137.6	145.5	152.2	160.6
GDP at factor cost			1,099.4	1,169.0	1,201.2	1,260.2	1,320.9
	Import taxes and duties		37.2	43.6	31.2	29.1	27.2
GDP at market prices			1,124.0	1,199.1	1,218.1	1,274.3	1,332.5
Memorandum items:
		Nominal GDP	1,648.6	1,730.9	1,851.6	2,039.7	2,179.2
		GDP deflator (1985 = 100)	134.0	130.6	131.4	136.0	138.3
			(Changes in percent)
	Nominal GDP		8.5	5.0	7.0	10.2	6.8
	Real GDP		1.0	6.7	1.6	4.6	4.6
	GDP deflator		3.2	−2.6	0.6	3.5	1.7
	Primary sector		7.1	3.7	−3.7	8.3	1.2
	Secondary sector		−9.7	6.0	8.3	0.7	10.4
	Tertiary sector		1.7	8.4	5.5	4.2	5.3
			(In percent of GDP at factor costs)
	Primary sector		35.7	34.8	32.6	33.7	32.5
	Secondary sector		17.2	17.1	18.1	17.3	18.2
	Tertiary sector		47.1	48.1	49.3	49.0	49.2

Sources: Burkinabè authorities; and staff estimates.

Table 1.

Burkina Faso: Gross Domestic Product by Sector at Constant 1985 Prices, 1998-2002

			1998	1999	2000	2001	2002
							Est.
			(In billions of 1985 CFA francs, unless otherwise indicated)
Primary sector			392.3	406.9	391.7	424.2	429.3
	Agriculture		269.9	280.6	261.1	290.1	291.5
	Livestock		68.5	70.2	71.9	73.7	75.6
	Forestry and fishing		54.0	56.1	58.6	60.4	62.2
Secondary sector			189.0	200.2	216.8	218.3	241.1
	Mining and industry		135.9	138.1	149.3	148.7	162.1
	Electricity, gas, and water		8.7	10.2	11.4	12.4	12.9
	Construction and public works		44.4	51.9	56.1	57.1	66.0
Tertiary sector			518.2	561.9	592.7	617.7	650.5
	Trade		160.7	181.1	191.5	200.3	211.3
	Transport		47.8	51.3	54.3	56.8	59.9
	Nonmarket services		181.5	191.8	201.5	208.4	218.7
	Other services		128.2	137.6	145.5	152.2	160.6
GDP at factor cost			1,099.4	1,169.0	1,201.2	1,260.2	1,320.9
	Import taxes and duties		37.2	43.6	31.2	29.1	27.2
GDP at market prices			1,124.0	1,199.1	1,218.1	1,274.3	1,332.5
Memorandum items:
		Nominal GDP	1,648.6	1,730.9	1,851.6	2,039.7	2,179.2
		GDP deflator (1985 = 100)	134.0	130.6	131.4	136.0	138.3
			(Changes in percent)
	Nominal GDP		8.5	5.0	7.0	10.2	6.8
	Real GDP		1.0	6.7	1.6	4.6	4.6
	GDP deflator		3.2	−2.6	0.6	3.5	1.7
	Primary sector		7.1	3.7	−3.7	8.3	1.2
	Secondary sector		−9.7	6.0	8.3	0.7	10.4
	Tertiary sector		1.7	8.4	5.5	4.2	5.3
			(In percent of GDP at factor costs)
	Primary sector		35.7	34.8	32.6	33.7	32.5
	Secondary sector		17.2	17.1	18.1	17.3	18.2
	Tertiary sector		47.1	48.1	49.3	49.0	49.2

Sources: Burkinabè authorities; and staff estimates.

Table 2.

Burkina Faso: Gross Domestic Product by Sector at Current Prices, 1998-2002

Sources: Burkinabè authorities; and staff estimates.

Table 2.

Burkina Faso: Gross Domestic Product by Sector at Current Prices, 1998-2002

		1998	1999	2000	2001	2002
						Est.
		(In billions of CFA francs)
Primary sector		568.4	614.5	627.2	680.0	692.6
	Agriculture	318.6	345.1	343.2	380.8	388.3
	Livestock	177.6	192.0	200.8	210.0	208.8
	Forestry and fishing	72.2	77.4	83.2	89.2	95.5
Secondary sector		283.6	292.6	300.3	355.8	403.0
	Mining and manufacturing	205.8	193.7	200.3	242.5	274.6
	Electricity, gas, and water	22.1	18.9	22.8	28.0	31.7
	Construction and public works	55.6	80.0	77.2	85.3	96.6
Tertiary sector		758.6	778.3	896.7	979.2	1,062.6
	Trade	224.9	209.8	251.0	281.7	306.8
	Transport	60.3	61.8	68.4	77.1	84.0
	Nonmarket services	304.6	344.3	384.2	404.0	436.2
	Other services	168.9	162.5	193.1	216.4	235.7
GDP at factor cost		1,610.7	1,685.5	1,824.2	2,015.0	2,158.2
	Import taxes and duties	52.2	60.2	45.5	44.9	42.4
	Imputed for bank services	−14.3	−14.7	−18.0	−20.3	−21.3
GDP at market prices		1,648.6	1,730.9	1,851.6	2,039.7	2,179.2
		(In percent of GDP at market prices)
Primary sector		34.5	35.5	33.9	33.3	31.8
	Agriculture	19.3	19.9	18.5	18.7	17.8
	Livestock	10.8	11.1	10.8	10.3	9.6
	Forestry and fishing	4.4	4.5	4.5	4.4	4.4
Secondary sector		17.2	16.9	16.2	17.4	18.5
	Mining and manufacturing	12.5	11.2	10.8	11.9	12.6
	Electricity, gas, and water	1.3	1.1	1.2	1.4	1.5
	Construction and public works	3.4	4.6	4.2	4.2	4.4
Tertiary sector		46.0	45.0	48.4	48.0	48.8
	Trade	13.6	12.1	13.6	13.8	14.1
	Transport	3.7	3.6	3.7	3.8	3.9
	Nonmarket services	18.5	19.9	20.8	19.8	20.0
	Other services	10.2	9.4	10.4	10.6	10.8
GDP at factor cost		97.7	97.4	98.5	98.8	99.0
	Import taxes and duties	3.2	3.5	2.5	2.2	1.9
	Imputed for bank services	−0.9	−0.8	−1.0	−1.0	−1.0
GDP at market prices		100.0	100.0	100.0	100.0	100.0

Sources: Burkinabè authorities; and staff estimates.

Table 2.

Burkina Faso: Gross Domestic Product by Sector at Current Prices, 1998-2002

		1998	1999	2000	2001	2002
						Est.
		(In billions of CFA francs)
Primary sector		568.4	614.5	627.2	680.0	692.6
	Agriculture	318.6	345.1	343.2	380.8	388.3
	Livestock	177.6	192.0	200.8	210.0	208.8
	Forestry and fishing	72.2	77.4	83.2	89.2	95.5
Secondary sector		283.6	292.6	300.3	355.8	403.0
	Mining and manufacturing	205.8	193.7	200.3	242.5	274.6
	Electricity, gas, and water	22.1	18.9	22.8	28.0	31.7
	Construction and public works	55.6	80.0	77.2	85.3	96.6
Tertiary sector		758.6	778.3	896.7	979.2	1,062.6
	Trade	224.9	209.8	251.0	281.7	306.8
	Transport	60.3	61.8	68.4	77.1	84.0
	Nonmarket services	304.6	344.3	384.2	404.0	436.2
	Other services	168.9	162.5	193.1	216.4	235.7
GDP at factor cost		1,610.7	1,685.5	1,824.2	2,015.0	2,158.2
	Import taxes and duties	52.2	60.2	45.5	44.9	42.4
	Imputed for bank services	−14.3	−14.7	−18.0	−20.3	−21.3
GDP at market prices		1,648.6	1,730.9	1,851.6	2,039.7	2,179.2
		(In percent of GDP at market prices)
Primary sector		34.5	35.5	33.9	33.3	31.8
	Agriculture	19.3	19.9	18.5	18.7	17.8
	Livestock	10.8	11.1	10.8	10.3	9.6
	Forestry and fishing	4.4	4.5	4.5	4.4	4.4
Secondary sector		17.2	16.9	16.2	17.4	18.5
	Mining and manufacturing	12.5	11.2	10.8	11.9	12.6
	Electricity, gas, and water	1.3	1.1	1.2	1.4	1.5
	Construction and public works	3.4	4.6	4.2	4.2	4.4
Tertiary sector		46.0	45.0	48.4	48.0	48.8
	Trade	13.6	12.1	13.6	13.8	14.1
	Transport	3.7	3.6	3.7	3.8	3.9
	Nonmarket services	18.5	19.9	20.8	19.8	20.0
	Other services	10.2	9.4	10.4	10.6	10.8
GDP at factor cost		97.7	97.4	98.5	98.8	99.0
	Import taxes and duties	3.2	3.5	2.5	2.2	1.9
	Imputed for bank services	−0.9	−0.8	−1.0	−1.0	−1.0
GDP at market prices		100.0	100.0	100.0	100.0	100.0

Sources: Burkinabè authorities; and staff estimates.

Table 3.

Burkina Faso: Implicit GDP Deflators by Sector, 1998-2002

Sources: Burkinabè authorities; and staff estimates.

Table 3.

Burkina Faso: Implicit GDP Deflators by Sector, 1998-2002

		1998	1999	2000	2001	2002
						Est.
		(1985=100)
Primary sector		144.9	151.0	160.2	160.3	161.3
	Agriculture	118.1	123.0	131.4	131.3	133.2
	Livestock	259.4	273.6	279.2	284.9	276.3
	Forestry and fishing	133.9	137.9	141.9	147.6	153.5
Secondary sector		150.1	146.2	138.5	163.0	167.2
	Mining and manufacturing	151.5	140.2	134.2	163.0	169.4
	Electricity, gas, and water	255.7	185.2	199.2	226.2	245.2
	Construction and public works	125.3	154.2	137.6	149.3	146.4
Tertiary sector		146.4	138.5	151.3	158.5	163.3
	Trade	139.9	115.8	131.1	140.6	145.2
	Transport	126.1	120.3	126.0	135.8	140.2
	Nonmarket services	167.8	179.5	190.7	193.9	199.4
	Other services	131.7	118.1	132.7	142.2	146.7
GDP at factor cost		146.5	144.2	151.9	159.9	163.4
GDP at market prices		146.7	144.4	152.0	160.1	163.5
		(Changes in percent)
Primary sector		7.0	4.2	6.1	0.1	0.6
	Agriculture	6.7	4.2	6.9	−0.1	1.5
	Livestock	11.8	5.5	2.0	2.0	−3.0
	Forestry and fishing	3.5	3.0	3.0	4.0	4.0
Secondary sector		22.8	−2.6	−5.3	17.7	2.5
	Mining and manufacturing	28.3	−7.4	−4.3	21.5	3.9
	Electricity, gas, and water	10.8	−27.6	7.6	13.6	8.4
	Construction and public works	4.7	23.1	−10.8	8.5	−1.9
Tertiary sector		2.0	−5.4	9.2	4.8	3.0
	Trade	−8.1	−17.3	13.2	7.3	3.2
	Transport	2.0	−4.6	4.7	7.8	3.2
	Nonmarket services	3.9	7.0	6.2	1.7	2.9
	Other services	12.0	−10.4	12.4	7.1	3.2
GDP at factor cost		7.2	−1.6	5.3	5.3	2.2
GDP at market prices		7.5	−1.6	5.3	5.3	2.2

Sources: Burkinabè authorities; and staff estimates.

Table 3.

Burkina Faso: Implicit GDP Deflators by Sector, 1998-2002

		1998	1999	2000	2001	2002
						Est.
		(1985=100)
Primary sector		144.9	151.0	160.2	160.3	161.3
	Agriculture	118.1	123.0	131.4	131.3	133.2
	Livestock	259.4	273.6	279.2	284.9	276.3
	Forestry and fishing	133.9	137.9	141.9	147.6	153.5
Secondary sector		150.1	146.2	138.5	163.0	167.2
	Mining and manufacturing	151.5	140.2	134.2	163.0	169.4
	Electricity, gas, and water	255.7	185.2	199.2	226.2	245.2
	Construction and public works	125.3	154.2	137.6	149.3	146.4
Tertiary sector		146.4	138.5	151.3	158.5	163.3
	Trade	139.9	115.8	131.1	140.6	145.2
	Transport	126.1	120.3	126.0	135.8	140.2
	Nonmarket services	167.8	179.5	190.7	193.9	199.4
	Other services	131.7	118.1	132.7	142.2	146.7
GDP at factor cost		146.5	144.2	151.9	159.9	163.4
GDP at market prices		146.7	144.4	152.0	160.1	163.5
		(Changes in percent)
Primary sector		7.0	4.2	6.1	0.1	0.6
	Agriculture	6.7	4.2	6.9	−0.1	1.5
	Livestock	11.8	5.5	2.0	2.0	−3.0
	Forestry and fishing	3.5	3.0	3.0	4.0	4.0
Secondary sector		22.8	−2.6	−5.3	17.7	2.5
	Mining and manufacturing	28.3	−7.4	−4.3	21.5	3.9
	Electricity, gas, and water	10.8	−27.6	7.6	13.6	8.4
	Construction and public works	4.7	23.1	−10.8	8.5	−1.9
Tertiary sector		2.0	−5.4	9.2	4.8	3.0
	Trade	−8.1	−17.3	13.2	7.3	3.2
	Transport	2.0	−4.6	4.7	7.8	3.2
	Nonmarket services	3.9	7.0	6.2	1.7	2.9
	Other services	12.0	−10.4	12.4	7.1	3.2
GDP at factor cost		7.2	−1.6	5.3	5.3	2.2
GDP at market prices		7.5	−1.6	5.3	5.3	2.2

Sources: Burkinabè authorities; and staff estimates.

Table 4.

Burkina Faso: Supply and Use of Resources at Current Prices, 1998-2002

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Goods and services.

Table 4.

Burkina Faso: Supply and Use of Resources at Current Prices, 1998-2002

					1998	1999	2000	2001	2002
									Est.
					(In billions of CFA francs)
Resources					2,119.1	2,179.6	2,319.8	2,028.8	2,178.2
	GDP at market prices				1,648.6	1,730.9	1,851.6	2,039.7	2,179.2
	Imports ^1/				470.5	448.7	468.2	476.8	482.9
Use of resources					2,119.1	2,179.6	2,319.8	2,028.8	2,178.2
	Consumption				1,737.3	1,884.3	2,032.4	1,440.5	1,532.4
		Public			1,518.8	1,668.6	1,798.5	1,935.7	2,074.9
		Private			218.4	215.7	233.9	251.4	293.4
	Investment				386.9	334.3	352.6	390.2	397.7
		Fixed capital formation			386.9	334.3	352.6	390.2	397.7
			Public		142.7	180.2	156.6	168.4	161.2
				Of which: externally financed	98.3	134.1	123.3	124.0	143.5
			Private		244.1	154.2	196.1	221.8	236.5
		Change in inventories			0.0	0.0	0.0	0.0	0.0
	Exports ^1/				213.4	176.7	168.7	190.6	189.5
Resource gap					−257.1	−272.0	−299.5	−286.2	−293.4
	Gross domestic savings				129.7	62.3	53.2	104.0	104.3
	Net factors services				−7.0	−11.3	−14.3	−17.9	−13.1
	Private transfers				38.9	36.8	35.6	25.8	25.0
						(In percent of GDP)
Consumption					105.4	108.9	109.8	70.6	70.3
	Public consumption				92.1	96.4	97.1	94.9	95.2
	Private consumption				13.2	12.5	12.6	12.3	13.5
Investment					23.5	19.3	19.0	19.1	18.3
	Public investment				8.7	10.4	8.5	8.3	7.4
	Private investment				14.8	8.9	10.6	10.9	10.9
Gross domestic saving					129.7	62.3	53.2	104.0	104.3
	Public domestic saving				86.6	92.4	61.0	59.3	64.4
	Private domestic saving				43.2	−30.0	−7.8	44.6	40.0

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Goods and services.

Table 4.

Burkina Faso: Supply and Use of Resources at Current Prices, 1998-2002

					1998	1999	2000	2001	2002
									Est.
					(In billions of CFA francs)
Resources					2,119.1	2,179.6	2,319.8	2,028.8	2,178.2
	GDP at market prices				1,648.6	1,730.9	1,851.6	2,039.7	2,179.2
	Imports ^1/				470.5	448.7	468.2	476.8	482.9
Use of resources					2,119.1	2,179.6	2,319.8	2,028.8	2,178.2
	Consumption				1,737.3	1,884.3	2,032.4	1,440.5	1,532.4
		Public			1,518.8	1,668.6	1,798.5	1,935.7	2,074.9
		Private			218.4	215.7	233.9	251.4	293.4
	Investment				386.9	334.3	352.6	390.2	397.7
		Fixed capital formation			386.9	334.3	352.6	390.2	397.7
			Public		142.7	180.2	156.6	168.4	161.2
				Of which: externally financed	98.3	134.1	123.3	124.0	143.5
			Private		244.1	154.2	196.1	221.8	236.5
		Change in inventories			0.0	0.0	0.0	0.0	0.0
	Exports ^1/				213.4	176.7	168.7	190.6	189.5
Resource gap					−257.1	−272.0	−299.5	−286.2	−293.4
	Gross domestic savings				129.7	62.3	53.2	104.0	104.3
	Net factors services				−7.0	−11.3	−14.3	−17.9	−13.1
	Private transfers				38.9	36.8	35.6	25.8	25.0
						(In percent of GDP)
Consumption					105.4	108.9	109.8	70.6	70.3
	Public consumption				92.1	96.4	97.1	94.9	95.2
	Private consumption				13.2	12.5	12.6	12.3	13.5
Investment					23.5	19.3	19.0	19.1	18.3
	Public investment				8.7	10.4	8.5	8.3	7.4
	Private investment				14.8	8.9	10.6	10.9	10.9
Gross domestic saving					129.7	62.3	53.2	104.0	104.3
	Public domestic saving				86.6	92.4	61.0	59.3	64.4
	Private domestic saving				43.2	−30.0	−7.8	44.6	40.0

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Goods and services.

Table 5.

Burkina Faso: Production of Principal Crops, 1998/99-2002/03

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Sorghum, millet, maize, rice, and fonio.

Table 5.

Burkina Faso: Production of Principal Crops, 1998/99-2002/03

			1998/99	1999/00	2000/01	2001/02	2002/03
			(In thousands of metric tons)
Cereals			2,656.8	2,699.9	2,286.2	3,109.1	3,119.0
	Sorghum		1,202.8	1,178.4	1,016.3	1,371.6	1,373.3
	Millet		972.8	945.0	725.6	1,009.0	994.7
	Maize		377.8	469.0	423.5	606.3	653.1
	Rice (paddy)		89.0	94.2	109.1	109.9	89.1
	Fonio		14.4	13.3	17.8	12.3	8.9
Oilseed crops			271.8	361.4	272.2	432.8	468.6
	Groundnuts (shelled)		214.8	282.8	169.2	301.1	323.6
	Sesame		13.0	12.6	7.4	31.2	34.4
	Shea nuts		44.0	66.0	95.7	100.5	110.5
Tubers and root crops			441.0	413.1	236.0	532.2	435.0
	Niébé and voandzou		377.9	348.8	149.7	413.9	366.5
	Yams		45.5	43.0	55.0	70.7	25.2
	Sweet potatoes		13.6	17.3	27.4	41.7	37.0
	Manioc		4.0	4.0	4.0	6.0	6.3
Seed cotton			284.5	257.1	276.0	378.4	400.0
Fruit and vegetables			445.3	525.5	683.2	696.8	787.1
			(Change in percent, unless otherwise indicated)
Cereals			31.9	1.6	−15.3	36.0	0.3
	Sorghum		27.6	−2.0	−13.8	35.0	0.1
	Millet		61.1	−2.9	−23.2	39.1	−1.4
	Maize		31	24.1	−9.7	43.2	7.7
	Rice (paddy)		−0.6	5.9	15.8	0.7	−18.9
	Fonio		33.9	−7.4	33.1	−30.6	−28.0
Oilseed crops			36.2	32.9	−24.7	59.0	8.3
	Groundnuts (shelled)		41.2	31.6	−40.2	78.0	7.5
	Sesame		73.3	−3.1	−41.3	322.6	10.3
	Shea nuts		10.0	50.0	45.0	5.0	10.0
Tubers and root crops			66.7	−6.3	−42.9	125.5	−18.3
	Niébé and voandzou		81.6	−7.7	−57.1	176.6	−11.5
	Yams		25.0	−5.5	27.8	28.6	−64.4
	Sweet potatoes		−15.5	27.1	58.3	52.2	−11.2
	Manioc		0.0	0.0	0.0	50.0	5.0
Seed cotton			−15.8	−9.6	7.3	37.1	5.7
Fruit and vegetables			0.5	18.0	30.0	2.0	13.0
Memorandum items:
	Cultivated area for cereals ^1/
		(in thousands of hectares)	3,279.6	3,292.4	…	…	3,297.90
	Yield for cereals (tons per hectare)		0.81	0.82	…	…	0.95
	Cultivated area for seed cotton
		(in thousands of hectares)	352.6	240.5	276.00	361.10	400.00
	Yield for seed cotton (tons per hectare)
		Burkina Faso	0.81	1.07	1.00	1.05	1.00
		Benin	1.11	…	…	…	…
		Senegal	0.26	0.96	…	…	…
		Cameroon	1.13	1.14	…	…	…

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Sorghum, millet, maize, rice, and fonio.

Table 5.

Burkina Faso: Production of Principal Crops, 1998/99-2002/03

			1998/99	1999/00	2000/01	2001/02	2002/03
			(In thousands of metric tons)
Cereals			2,656.8	2,699.9	2,286.2	3,109.1	3,119.0
	Sorghum		1,202.8	1,178.4	1,016.3	1,371.6	1,373.3
	Millet		972.8	945.0	725.6	1,009.0	994.7
	Maize		377.8	469.0	423.5	606.3	653.1
	Rice (paddy)		89.0	94.2	109.1	109.9	89.1
	Fonio		14.4	13.3	17.8	12.3	8.9
Oilseed crops			271.8	361.4	272.2	432.8	468.6
	Groundnuts (shelled)		214.8	282.8	169.2	301.1	323.6
	Sesame		13.0	12.6	7.4	31.2	34.4
	Shea nuts		44.0	66.0	95.7	100.5	110.5
Tubers and root crops			441.0	413.1	236.0	532.2	435.0
	Niébé and voandzou		377.9	348.8	149.7	413.9	366.5
	Yams		45.5	43.0	55.0	70.7	25.2
	Sweet potatoes		13.6	17.3	27.4	41.7	37.0
	Manioc		4.0	4.0	4.0	6.0	6.3
Seed cotton			284.5	257.1	276.0	378.4	400.0
Fruit and vegetables			445.3	525.5	683.2	696.8	787.1
			(Change in percent, unless otherwise indicated)
Cereals			31.9	1.6	−15.3	36.0	0.3
	Sorghum		27.6	−2.0	−13.8	35.0	0.1
	Millet		61.1	−2.9	−23.2	39.1	−1.4
	Maize		31	24.1	−9.7	43.2	7.7
	Rice (paddy)		−0.6	5.9	15.8	0.7	−18.9
	Fonio		33.9	−7.4	33.1	−30.6	−28.0
Oilseed crops			36.2	32.9	−24.7	59.0	8.3
	Groundnuts (shelled)		41.2	31.6	−40.2	78.0	7.5
	Sesame		73.3	−3.1	−41.3	322.6	10.3
	Shea nuts		10.0	50.0	45.0	5.0	10.0
Tubers and root crops			66.7	−6.3	−42.9	125.5	−18.3
	Niébé and voandzou		81.6	−7.7	−57.1	176.6	−11.5
	Yams		25.0	−5.5	27.8	28.6	−64.4
	Sweet potatoes		−15.5	27.1	58.3	52.2	−11.2
	Manioc		0.0	0.0	0.0	50.0	5.0
Seed cotton			−15.8	−9.6	7.3	37.1	5.7
Fruit and vegetables			0.5	18.0	30.0	2.0	13.0
Memorandum items:
	Cultivated area for cereals ^1/
		(in thousands of hectares)	3,279.6	3,292.4	…	…	3,297.90
	Yield for cereals (tons per hectare)		0.81	0.82	…	…	0.95
	Cultivated area for seed cotton
		(in thousands of hectares)	352.6	240.5	276.00	361.10	400.00
	Yield for seed cotton (tons per hectare)
		Burkina Faso	0.81	1.07	1.00	1.05	1.00
		Benin	1.11	…	…	…	…
		Senegal	0.26	0.96	…	…	…
		Cameroon	1.13	1.14	…	…	…

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Sorghum, millet, maize, rice, and fonio.

Table 6.

Burkina Faso: Performance of the Cotton Sector, 1998/99-2002/03

Source: Burkinabè authorities.

^{^1/}Crop and financial years run from October 1 to September 30.

^{^2/}Current crop only.

^{^3/}Includes sales from previously accumulated stocks.

Table 6.

Burkina Faso: Performance of the Cotton Sector, 1998/99-2002/03

			1998/99	1999/00	2000/01	2001/02	2002/03
			(In thousands of hectare)
Cultivated areas			352.6	240.5	276.0	361.2	400.0
				(In kilogram per hectare)
Yield			806.9	1,069.1	999.9	1,048.0	1,000.0
			(In thousands of metric tons, unless otherwise indicated)
Production and sales ^1/ ^2/
	Yield cotton fiber/cotton seed		41.83	41.54	42.19	41.86	41.81
	Yield cotton fiber/cotton seed		0.42	0.42	0.42	0.42	0.42
	Production of seed cotton		285.5	254.2	275.9	378.4	400.0
	Production of ginned cotton		119.4	105.6	116.4	158.4	167.24
		Exports	118.5	109.1	113.3	154.6	163.1
		Domestic sales	0.3	0.7	3.1	3.8	4.1340
		Stocks	0.0	0.0	0.0	0.0	0.0
			(In CFA francs per kilogram)
Unit values of ginned cotton
	Average f.o.b. export price (Abidjan)		697.0	662.0	826.0	630.0	722.0
	Average c.i.f. export price		757.0	710.0	…	…	…
	Average f.a.b export cost		693.0	679.0	710.4	646.8	650.4
	Average c.i.f. export cost		723.0	722.0	…	…	…
			(In millions of CFA francs)
Financial operations
	Income from sales ^3/		85,689	73,539	95,075	99,310	120,036
	Profits		3,277	−501	14,935	−8,706	3158
			(In CFA francs per kilogram)
Memorandum items:
	Producer price		159	158	160	175	175
	Bonus		25	25	10	25	0
	Variable cost per kilogram of fiber		598	582	588	621	618
	Fixed cost per kilogram of fiber		95	97	101	82	81
	Average profit per kilogram of fiber		28	−5	128	−76	19
			(In millions of CFA francs)
Taxes on value added			3,000	3,000	1,700	2,000	…
Import duties			6,000	6,000	2,000	3,000	…

Source: Burkinabè authorities.

^{^1/}Crop and financial years run from October 1 to September 30.

^{^2/}Current crop only.

^{^3/}Includes sales from previously accumulated stocks.

Table 6.

Burkina Faso: Performance of the Cotton Sector, 1998/99-2002/03

			1998/99	1999/00	2000/01	2001/02	2002/03
			(In thousands of hectare)
Cultivated areas			352.6	240.5	276.0	361.2	400.0
				(In kilogram per hectare)
Yield			806.9	1,069.1	999.9	1,048.0	1,000.0
			(In thousands of metric tons, unless otherwise indicated)
Production and sales ^1/ ^2/
	Yield cotton fiber/cotton seed		41.83	41.54	42.19	41.86	41.81
	Yield cotton fiber/cotton seed		0.42	0.42	0.42	0.42	0.42
	Production of seed cotton		285.5	254.2	275.9	378.4	400.0
	Production of ginned cotton		119.4	105.6	116.4	158.4	167.24
		Exports	118.5	109.1	113.3	154.6	163.1
		Domestic sales	0.3	0.7	3.1	3.8	4.1340
		Stocks	0.0	0.0	0.0	0.0	0.0
			(In CFA francs per kilogram)
Unit values of ginned cotton
	Average f.o.b. export price (Abidjan)		697.0	662.0	826.0	630.0	722.0
	Average c.i.f. export price		757.0	710.0	…	…	…
	Average f.a.b export cost		693.0	679.0	710.4	646.8	650.4
	Average c.i.f. export cost		723.0	722.0	…	…	…
			(In millions of CFA francs)
Financial operations
	Income from sales ^3/		85,689	73,539	95,075	99,310	120,036
	Profits		3,277	−501	14,935	−8,706	3158
			(In CFA francs per kilogram)
Memorandum items:
	Producer price		159	158	160	175	175
	Bonus		25	25	10	25	0
	Variable cost per kilogram of fiber		598	582	588	621	618
	Fixed cost per kilogram of fiber		95	97	101	82	81
	Average profit per kilogram of fiber		28	−5	128	−76	19
			(In millions of CFA francs)
Taxes on value added			3,000	3,000	1,700	2,000	…
Import duties			6,000	6,000	2,000	3,000	…

Source: Burkinabè authorities.

^{^1/}Crop and financial years run from October 1 to September 30.

^{^2/}Current crop only.

^{^3/}Includes sales from previously accumulated stocks.

Table 7.

Burkina Faso: Livestock, 1998-2002

(In thousands of heads)

Source: Burkinabè authorities.

Table 7.

Burkina Faso: Livestock, 1998-2002

(In thousands of heads)

		1998	1999	2000	2001	2002
Estimated population		19,156	19,684	20,787	21,362	21,953
	Cattle	4,612	4,704	4,894	4,992	5,092
	Sheep	6,393	6,585	6,986	7,196	7,411
	Goats	8,151	8,395	8,907	9,174	9,450
Registered slaughtering		1,229	1,147	1,209	1,244	…
	Cattle	154	147	166	177	…
	Sheep	291	296	337	359	…
	Goats	783	705	707	707	…
Exports of live animals		478	442	679	845	802.4
	Cattle	134	132	230	304	285.6
	Other	344	310	449	541	516.8

Source: Burkinabè authorities.

Table 7.

Burkina Faso: Livestock, 1998-2002

(In thousands of heads)

		1998	1999	2000	2001	2002
Estimated population		19,156	19,684	20,787	21,362	21,953
	Cattle	4,612	4,704	4,894	4,992	5,092
	Sheep	6,393	6,585	6,986	7,196	7,411
	Goats	8,151	8,395	8,907	9,174	9,450
Registered slaughtering		1,229	1,147	1,209	1,244	…
	Cattle	154	147	166	177	…
	Sheep	291	296	337	359	…
	Goats	783	705	707	707	…
Exports of live animals		478	442	679	845	802.4
	Cattle	134	132	230	304	285.6
	Other	344	310	449	541	516.8

Source: Burkinabè authorities.

Table 8.

Burkina Faso: Industrial Production, 1998-2002

Source: Burkinabè authorities.

Table 8.

Burkina Faso: Industrial Production, 1998-2002

		Units	1998	1999	2000	2001	2002
							Est.
Foodstuff, beverages, and tobacco
	Edible oils	Metric tons	16,070	11,850	17,888	19,452	19,626
	Sheanut butter	Metric tons	316	121	186	101	21
	Flour	Metric tons	41,577	21,454	12,289	13,686	10,005
	Pasta	Metric tons	257	496	211	0	…
	Sugar	Metric tons	44,088	29,905	43,412	46,662	47,743
	Beer	Thousand hectoliters	501	387	494	500	546
	Soft drinks	Thousand hectoliters	195	201	221	222	250
	Cigarettes	Millions of packets	74	84	85	78	78
Textiles and leather
	Spun	Metric tons	130	21	2	0	0
	Woven	Metric tons	35	8	0	0	0
	Printed fabric	Thousands of square meters	3,818	1,462	275	0	0
Chemicals
	Soap	Metric tons	12,349	9,910	12,079	9,240	9,923
	Matches	Cartons	8,814	8,056	9,358	4,956	3,009
Miscellaneous
	Bicycles	Units	35,924	24,079	22,215	17,718	20,849
	Mopeds	Units	20,875	17,364	16,531	19,333	19,702
	Tires	Thousands	314	417	397	599	670
	Inner tubes	Thousands	1,755	2,540	2,655	3,217	2,751

Source: Burkinabè authorities.

Table 8.

Burkina Faso: Industrial Production, 1998-2002

		Units	1998	1999	2000	2001	2002
							Est.
Foodstuff, beverages, and tobacco
	Edible oils	Metric tons	16,070	11,850	17,888	19,452	19,626
	Sheanut butter	Metric tons	316	121	186	101	21
	Flour	Metric tons	41,577	21,454	12,289	13,686	10,005
	Pasta	Metric tons	257	496	211	0	…
	Sugar	Metric tons	44,088	29,905	43,412	46,662	47,743
	Beer	Thousand hectoliters	501	387	494	500	546
	Soft drinks	Thousand hectoliters	195	201	221	222	250
	Cigarettes	Millions of packets	74	84	85	78	78
Textiles and leather
	Spun	Metric tons	130	21	2	0	0
	Woven	Metric tons	35	8	0	0	0
	Printed fabric	Thousands of square meters	3,818	1,462	275	0	0
Chemicals
	Soap	Metric tons	12,349	9,910	12,079	9,240	9,923
	Matches	Cartons	8,814	8,056	9,358	4,956	3,009
Miscellaneous
	Bicycles	Units	35,924	24,079	22,215	17,718	20,849
	Mopeds	Units	20,875	17,364	16,531	19,333	19,702
	Tires	Thousands	314	417	397	599	670
	Inner tubes	Thousands	1,755	2,540	2,655	3,217	2,751

Source: Burkinabè authorities.

Table 9.

Burkina Faso: Index of Industrial Production, 1998-2002 ^1/

(1990 = 100)

Source: Burkinabè authorities.

^{^1/}The index does not cover all the manufacturing activities and in particular new enterprises; its weighting system based on 1990 leads to underestimating growth of overall industrial activity in recent years.

^{^2/}Based on the average share in value added during 1990.

^{^3/}Data for 1999 is provisional and is not yet fully consistent with national accounts data for that year.

Table 9.

Burkina Faso: Index of Industrial Production, 1998-2002 ^1/

(1990 = 100)

		Weights ^2/	1998	1999 ^3/	2000	2001	2002
							Est.
Mining		46	5.4	5.0	1.1	…	…
Food, beverages, and tobacco		342	116.4	98.4	109.2	118.5	111.8
	Baked goods	67	83.1	43.7	24.9	27.2	19.2
	Beverages and tobacco	82	170.5	187.2	189.4	207	183
	Other food industry	192	102.8	76.0	103.5	111.4	113.6
Textiles		208	123.1	84.9	109.4	99.4	131.98
Chemical industry		140	73.9	95.0	74.3	73.8	72.4
Woodworking and metalworking		73	148.3	87.7	71.2	79.1	75.6
Electricity, gas, and water		191	133.8	192.9	201.9	200.5	209.3
Overall index		1,000	112.0	107.5	114.2	115.4	121.4

Source: Burkinabè authorities.

^{^2/}Based on the average share in value added during 1990.

^{^3/}Data for 1999 is provisional and is not yet fully consistent with national accounts data for that year.

Table 9.

Burkina Faso: Index of Industrial Production, 1998-2002 ^1/

(1990 = 100)

		Weights ^2/	1998	1999 ^3/	2000	2001	2002
							Est.
Mining		46	5.4	5.0	1.1	…	…
Food, beverages, and tobacco		342	116.4	98.4	109.2	118.5	111.8
	Baked goods	67	83.1	43.7	24.9	27.2	19.2
	Beverages and tobacco	82	170.5	187.2	189.4	207	183
	Other food industry	192	102.8	76.0	103.5	111.4	113.6
Textiles		208	123.1	84.9	109.4	99.4	131.98
Chemical industry		140	73.9	95.0	74.3	73.8	72.4
Woodworking and metalworking		73	148.3	87.7	71.2	79.1	75.6
Electricity, gas, and water		191	133.8	192.9	201.9	200.5	209.3
Overall index		1,000	112.0	107.5	114.2	115.4	121.4

Source: Burkinabè authorities.

^{^2/}Based on the average share in value added during 1990.

^{^3/}Data for 1999 is provisional and is not yet fully consistent with national accounts data for that year.

Table 10.

Burkina Faso: Gold Production, 1998-2002

(Fine gold in kilograms, unless otherwise specified)

Source: Burkinabè authorities.

Table 10.

Burkina Faso: Gold Production, 1998-2002

(Fine gold in kilograms, unless otherwise specified)

		1998	1999	2000	2001	2002
Industrial gold-mining production		1,091	869	553	209	390
	Artisanal gold washing	951	738	515	209	390
	Industrial and semi-industrial	140	131	38	0	0
Official exports of gold		1,600	1,800	995	344	624
International gold price
	(U.S. dollar per fine ounce; London)	288	288	277	273	280

Source: Burkinabè authorities.

Table 10.

Burkina Faso: Gold Production, 1998-2002

(Fine gold in kilograms, unless otherwise specified)

		1998	1999	2000	2001	2002
Industrial gold-mining production		1,091	869	553	209	390
	Artisanal gold washing	951	738	515	209	390
	Industrial and semi-industrial	140	131	38	0	0
Official exports of gold		1,600	1,800	995	344	624
International gold price
	(U.S. dollar per fine ounce; London)	288	288	277	273	280

Source: Burkinabè authorities.

Table 11.

Burkina Faso: Energy Indicators, 1998-2002

Source: Burkinabè authorities.

^{^1/}Converted from cubic meters by using the following coefficients (in cubic meters per metric ton): gasoline, 1.36; kerosene, 126; diesel, 1.19; light distillates, 1.18; and fuel oil, 1.09.

^{^2/}Excluding aviation and jet fuel.

Table 11.

Burkina Faso: Energy Indicators, 1998-2002

			1998	1999	2000	2001	2002
					Est.	Est.	Est.
			(In metric tons) ^1/
Consumption of petroleum products ^2/
	Premium gasoline		12,484	13,090	12,635	9979	9347
	Regular gasoline		70,884	73,161	74,734	74,340	74,632
	Kerosene		26,161	28,268	28,966	29,882	31,926
	Diesel		66,696	71,394	85,573	92,555	94,177
	Light distillates		37,805	51,233	55,835	56,057	56,503
	Fuel oil		41,248	21,724	32,355	22,321	18,817
	Gas		6,375	6,886	8,459	8,253	8,865
Total			261,653	265,756	298,557	293,387	294,267
			(In thousands of kilowatt-hours)
Electricity
	Total production		338,094	359,917	390,322	364,902	361,000
		Of which: hydroelectric	78,342	124,687	98,268	53,182	77,000
	Distributed		322,754	345,173	374,059	414,315	426,000
	Total sales		280,637	306,538	323,214	356,897	384,000
		High voltage	127,239	129,089	136,436	139,631	147,000
		Low voltage	153,398	177,449	186,778	217,266	237,000
			(In kilometers)
Length of distribution network			4,965	5,344	5,970	6,457	6,945
	Medium voltage		1,948	2,054	2,469	2,739	3,010
	Low voltage		3,017	3,290	3,501	3,718	3,935

Source: Burkinabè authorities.

^{^1/}Converted from cubic meters by using the following coefficients (in cubic meters per metric ton): gasoline, 1.36; kerosene, 126; diesel, 1.19; light distillates, 1.18; and fuel oil, 1.09.

^{^2/}Excluding aviation and jet fuel.

Table 11.

Burkina Faso: Energy Indicators, 1998-2002

			1998	1999	2000	2001	2002
					Est.	Est.	Est.
			(In metric tons) ^1/
Consumption of petroleum products ^2/
	Premium gasoline		12,484	13,090	12,635	9979	9347
	Regular gasoline		70,884	73,161	74,734	74,340	74,632
	Kerosene		26,161	28,268	28,966	29,882	31,926
	Diesel		66,696	71,394	85,573	92,555	94,177
	Light distillates		37,805	51,233	55,835	56,057	56,503
	Fuel oil		41,248	21,724	32,355	22,321	18,817
	Gas		6,375	6,886	8,459	8,253	8,865
Total			261,653	265,756	298,557	293,387	294,267
			(In thousands of kilowatt-hours)
Electricity
	Total production		338,094	359,917	390,322	364,902	361,000
		Of which: hydroelectric	78,342	124,687	98,268	53,182	77,000
	Distributed		322,754	345,173	374,059	414,315	426,000
	Total sales		280,637	306,538	323,214	356,897	384,000
		High voltage	127,239	129,089	136,436	139,631	147,000
		Low voltage	153,398	177,449	186,778	217,266	237,000
			(In kilometers)
Length of distribution network			4,965	5,344	5,970	6,457	6,945
	Medium voltage		1,948	2,054	2,469	2,739	3,010
	Low voltage		3,017	3,290	3,501	3,718	3,935

Source: Burkinabè authorities.

^{^1/}Converted from cubic meters by using the following coefficients (in cubic meters per metric ton): gasoline, 1.36; kerosene, 126; diesel, 1.19; light distillates, 1.18; and fuel oil, 1.09.

^{^2/}Excluding aviation and jet fuel.

Table 12.

Burkina Faso: Transport Activity, 1997-2001 ^1/

Source: Burkinabè authorities.

^{^1/}1996 data cover the period October 1, 1995 to September 30, 1996, while 1997 data cover the period October 1, 1996 to November 30, 1997

^{^2/}Excluding passengers in transit.

Table 12.

Burkina Faso: Transport Activity, 1997-2001 ^1/

					1997	1998	1999	2000	2001
					(In thousand of metric tons, unless otherwise indicated)
Rail traffic (freight)
	International traffic				513.0	475.7	420.9	415.2	313.2
		Côte d’Ivoire to Burkina Faso			459.0	427.2	377.7	356.0	279.2
			Of which: cement		5.0	2.5	4.9	25.2	24.8
				flammable liquids	68.0	22.8	33.9	58.2	25.3
		Burkina Faso to Côte d’Ivoire			54.0	48.5	43.2	59.2	34.0
			Of which: cotton		26.0	36.9	29.7	32.9	19.0
				live animals (in thousands)	18.0	11.6	13.5	26.3	15.1
	Total traffic				513.0	475.7	420.9	415.2	313.2
					(In thousands)
Air traffic (Ouagadougou)
	Commercial landings and takeoffs				7.0	9.4	9.1	7.8	7.7
	Passengers ^2/				176.4	205.3	210.2	207.7	220.1
	Freight				7.0	6.3	5.9	5.5	5.3
	Mail				0.5	0.3	1.0	0.3	0.4

Source: Burkinabè authorities.

^{^1/}1996 data cover the period October 1, 1995 to September 30, 1996, while 1997 data cover the period October 1, 1996 to November 30, 1997

^{^2/}Excluding passengers in transit.

Table 12.

Burkina Faso: Transport Activity, 1997-2001 ^1/

					1997	1998	1999	2000	2001
					(In thousand of metric tons, unless otherwise indicated)
Rail traffic (freight)
	International traffic				513.0	475.7	420.9	415.2	313.2
		Côte d’Ivoire to Burkina Faso			459.0	427.2	377.7	356.0	279.2
			Of which: cement		5.0	2.5	4.9	25.2	24.8
				flammable liquids	68.0	22.8	33.9	58.2	25.3
		Burkina Faso to Côte d’Ivoire			54.0	48.5	43.2	59.2	34.0
			Of which: cotton		26.0	36.9	29.7	32.9	19.0
				live animals (in thousands)	18.0	11.6	13.5	26.3	15.1
	Total traffic				513.0	475.7	420.9	415.2	313.2
					(In thousands)
Air traffic (Ouagadougou)
	Commercial landings and takeoffs				7.0	9.4	9.1	7.8	7.7
	Passengers ^2/				176.4	205.3	210.2	207.7	220.1
	Freight				7.0	6.3	5.9	5.5	5.3
	Mail				0.5	0.3	1.0	0.3	0.4

Source: Burkinabè authorities.

^{^1/}1996 data cover the period October 1, 1995 to September 30, 1996, while 1997 data cover the period October 1, 1996 to November 30, 1997

^{^2/}Excluding passengers in transit.

Table 13.

Burkina Faso: Prices of Petroleum Products, 1998-2002

(In CFA francs per liter)

Source: Burkinabè authorities.

^{^1/}Retail prices in other locations differ from those in Ouagadougou.

Table 13.

Burkina Faso: Prices of Petroleum Products, 1998-2002

(In CFA francs per liter)

		1998	1999	2000	2001	2002
Import prices (c.i.f., Abidjan)
	Premier gasoline	79	89	162	146	122
	Regular gasoline	71	85	161	142	117
	Kerosene	69	85	157	146	132
	Diesel	70	77	143	145	139
Retail prices (Ouagadougou) ^1/
	Premium gasoline	397	410	441	488	529
	Regular gasoline	359	366	390	417	459
	Kerosene	205	210	238	261	262
	Diesel	284	285	304	349	376
	Two-stroke mixture	385	390	413	433	457

Source: Burkinabè authorities.

^{^1/}Retail prices in other locations differ from those in Ouagadougou.

Table 13.

Burkina Faso: Prices of Petroleum Products, 1998-2002

(In CFA francs per liter)

		1998	1999	2000	2001	2002
Import prices (c.i.f., Abidjan)
	Premier gasoline	79	89	162	146	122
	Regular gasoline	71	85	161	142	117
	Kerosene	69	85	157	146	132
	Diesel	70	77	143	145	139
Retail prices (Ouagadougou) ^1/
	Premium gasoline	397	410	441	488	529
	Regular gasoline	359	366	390	417	459
	Kerosene	205	210	238	261	262
	Diesel	284	285	304	349	376
	Two-stroke mixture	385	390	413	433	457

Source: Burkinabè authorities.

^{^1/}Retail prices in other locations differ from those in Ouagadougou.

Table 14.

Burkina Faso: Electricity Rates, 1998-2002

(In CFA francs per kilowatt-hour)

Source: Burkinabè authorities.

^{^1/}Hourly rate for 50 kilowatts and over.

^{^2/}For subscriptions of 0.7 kilowatts and under.

^{^3/}For subscriptions of 1.1 kilowatts and over.

Table 14.

Burkina Faso: Electricity Rates, 1998-2002

(In CFA francs per kilowatt-hour)

			1998	1999	2000	2001	2002
High voltage ^1/
	Peak hours		110	110	110	110	110
	Off-peak hours		51	51	51	51	51
Low voltage
	Lighting, domestic use
		Low tariff ^2/	73	73	73	73	73
		High tariff ^3/	86	86	86	86	86
	Power unit
		Peak hours	130	130	130	130	130
		Off-peak hours	70	70	70	70	70
	Public lighting		120	120	120	120	120

Source: Burkinabè authorities.

^{^1/}Hourly rate for 50 kilowatts and over.

^{^2/}For subscriptions of 0.7 kilowatts and under.

^{^3/}For subscriptions of 1.1 kilowatts and over.

Table 14.

Burkina Faso: Electricity Rates, 1998-2002

(In CFA francs per kilowatt-hour)

			1998	1999	2000	2001	2002
High voltage ^1/
	Peak hours		110	110	110	110	110
	Off-peak hours		51	51	51	51	51
Low voltage
	Lighting, domestic use
		Low tariff ^2/	73	73	73	73	73
		High tariff ^3/	86	86	86	86	86
	Power unit
		Peak hours	130	130	130	130	130
		Off-peak hours	70	70	70	70	70
	Public lighting		120	120	120	120	120

Source: Burkinabè authorities.

^{^1/}Hourly rate for 50 kilowatts and over.

^{^2/}For subscriptions of 0.7 kilowatts and under.

^{^3/}For subscriptions of 1.1 kilowatts and over.

Table 15.

Burkina Faso: Consumer Price Index, 1998-2002

(Average 1996 = 100, unless otherwise indicated)

Source: Burkinabè authorities.

Table 15.

Burkina Faso: Consumer Price Index, 1998-2002

(Average 1996 = 100, unless otherwise indicated)

		New weights	1998	1999	2000	2001	2002
Food, beverages, and stimulants		3,392.0	96.4	107.3	101.7	110.0	113.4
Clothing		635.0	104.8	107.2	106.9	107.1	107.8
Housing		1,050.0	101.5	103.7	104.7	104.7	113.4
Equipment		666.0	104.7	104.7	104.8	104.2	105.9
Health		419.0	96.4	92.8	95.3	94.6	95.8
Transport and communication		1,557.0	101.0	101.4	107.0	116.5	119.9
Cultural activities		394.0	101.1	100.8	100.9	103.3	104.2
Schooling		340.0	106.3	109.8	110.7	112.7	117.2
Hotels and restaurants		996.0	115.3	119.9	121.4	126.3	126.9
Other goods and services		551.0	111.1	116.6	126.1	130.3	127.1
Total		10,000.0
	Annual percentage change		5.0	−1.1	−0.3	4.9	2.3

Source: Burkinabè authorities.

Table 15.

Burkina Faso: Consumer Price Index, 1998-2002

(Average 1996 = 100, unless otherwise indicated)

		New weights	1998	1999	2000	2001	2002
Food, beverages, and stimulants		3,392.0	96.4	107.3	101.7	110.0	113.4
Clothing		635.0	104.8	107.2	106.9	107.1	107.8
Housing		1,050.0	101.5	103.7	104.7	104.7	113.4
Equipment		666.0	104.7	104.7	104.8	104.2	105.9
Health		419.0	96.4	92.8	95.3	94.6	95.8
Transport and communication		1,557.0	101.0	101.4	107.0	116.5	119.9
Cultural activities		394.0	101.1	100.8	100.9	103.3	104.2
Schooling		340.0	106.3	109.8	110.7	112.7	117.2
Hotels and restaurants		996.0	115.3	119.9	121.4	126.3	126.9
Other goods and services		551.0	111.1	116.6	126.1	130.3	127.1
Total		10,000.0
	Annual percentage change		5.0	−1.1	−0.3	4.9	2.3

Source: Burkinabè authorities.

Table 16.

Burkina Faso: Personnel Expenditures, 1998-2002

(In billions of CFA francs)

Source: Burkinabè authorities.

Table 16.

Burkina Faso: Personnel Expenditures, 1998-2002

(In billions of CFA francs)

				1998	1999	2000	2001	2002
Number of civil servants				49,525.0	50,422.0	51,850.0	…	…
Including agents of decentralised administrative entities				49,088.0	50,233.0	…	…	…
Total wage bill (in billions of CFA francs)
	Budget			71.7	76.8	84.5	98.2	104.3
	Actual			72.0	86.4	88.7	98.2	103
		Implementation ratio (in percent)		100.4	112.6	105.0	100	98.8
		Civilian		54.8	68.4	70.2	…	…
		Military		17.2	18.0	18.5	…	…
Memorandum items:
	Average annual civilian wage bill
			In millions of CFA francs	1.1	1.3	1.3	…	…
Ratio of per capita civilian wage bill to per capita GDP				8.4	9.9	9.8	…	…

Source: Burkinabè authorities.

Table 16.

Burkina Faso: Personnel Expenditures, 1998-2002

(In billions of CFA francs)

				1998	1999	2000	2001	2002
Number of civil servants				49,525.0	50,422.0	51,850.0	…	…
Including agents of decentralised administrative entities				49,088.0	50,233.0	…	…	…
Total wage bill (in billions of CFA francs)
	Budget			71.7	76.8	84.5	98.2	104.3
	Actual			72.0	86.4	88.7	98.2	103
		Implementation ratio (in percent)		100.4	112.6	105.0	100	98.8
		Civilian		54.8	68.4	70.2	…	…
		Military		17.2	18.0	18.5	…	…
Memorandum items:
	Average annual civilian wage bill
			In millions of CFA francs	1.1	1.3	1.3	…	…
Ratio of per capita civilian wage bill to per capita GDP				8.4	9.9	9.8	…	…

Source: Burkinabè authorities.

Table 17.

Burkina Faso: Military Expenditures, 1998-2002 ^1/

(In billions of CFA francs, unless otherwise indicated)

Source: Burkinabè authorities.

^{^1/}Budgetary data only.

Table 17.

Burkina Faso: Military Expenditures, 1998-2002 ^1/

(In billions of CFA francs, unless otherwise indicated)

		1998	1999	2000	2001	2002
Salaries		17.1	18.0	18.5	20.8	23.4
	Percentage change	4.9	5.3	2.8	12.4	12.5
Goods and services		3.9	4.4	4.5	4.3	5.6
	Percentage change	5.4	10.3	4.7	−4.4	30.2
Current transfers		0.2	0.3	0.4	0.5	1.7
Investments		1.9	2.9	1.4	1.3	2.6
	Percentage change	−13.6	52.6	−51.7	−7.1	100.0
	Total	23.1	25.5	24.8	27.0	33.3
	Percentage change	2.6	10.4	−2.7	8.9	23.3

Source: Burkinabè authorities.

^{^1/}Budgetary data only.

Table 17.

Burkina Faso: Military Expenditures, 1998-2002 ^1/

(In billions of CFA francs, unless otherwise indicated)

		1998	1999	2000	2001	2002
Salaries		17.1	18.0	18.5	20.8	23.4
	Percentage change	4.9	5.3	2.8	12.4	12.5
Goods and services		3.9	4.4	4.5	4.3	5.6
	Percentage change	5.4	10.3	4.7	−4.4	30.2
Current transfers		0.2	0.3	0.4	0.5	1.7
Investments		1.9	2.9	1.4	1.3	2.6
	Percentage change	−13.6	52.6	−51.7	−7.1	100.0
	Total	23.1	25.5	24.8	27.0	33.3
	Percentage change	2.6	10.4	−2.7	8.9	23.3

Source: Burkinabè authorities.

^{^1/}Budgetary data only.

Table 18.

Burkina Faso: Consolidated Operations of the Central Government, 1998-2002 ^1/

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Includes HIPC resources, and staff assessment of the impact of the crisis in Côte d’Ivoire.

^{^2/}Revenue includes taxes on goods and services paid during the execution of public investment projects using checks issued by the treasury.

^{^3/}On a commitment basis and including the tax component of the public investment projects, which is paid by the treasury.

^{^4/}Revenue (excluding grants) minus expenditure, excluding foreign-financed investment outlays.

^{^5/}Float during the year. Decline of stack of expenditure committed but not paid: (−).

^{^6/}Contentious debt under negotiation with non-Pans Club creditors.

Table 18.

Burkina Faso: Consolidated Operations of the Central Government, 1998-2002 ^1/

					1998	1999	2000	2001	2002
									Est
					(In billions of CFA francs)
Total revenue and grants ^2/					319.0	377.7	354.2	376.3	378.1
	Current revenue ^2/				215.2	236.5	219.3	228.0	259.4
		Tax revenue			199.5	220.7	202.9	213.2	240.9
			Income and profits		43.5	53.7	61.4	56.1	61.7
			Domestic goods and services		94.7	106.4	97.7	111.8	130.2
			International trade		55.4	55.3	38.2	39.2	42.4
			Other		5.9	5.3	5.7	6.2	6.6
		Nontax revenue			15.6	15.8	16.4	14.7	18.5
	Capital revenue				0.0	0.0	0.0	0.0	0.0
	Grants				103.7	141.1	134.8	148.3	118.6
		Project			84.1	117.4	111.9	121.1	88.7
		Program			19.6	23.7	22.9	27.2	29.9
Expenditure and net lending ^3/					363.8	438.3	421.1	457.5	486.4
	Current expenditures				160.5	180.6	194.3	218.8	258.9
		of which: HIPC			…	…	…	1.7	11.0
		Wages and salaries			72.0	82.6	88.7	98.2	103.0
		Goods and services			34.6	37.6	40.0	40.5	62.5
		Other expenditure			0.0	0.0	0.0	0.0	5.1
		Interest payments			12.7	13.7	16.6	17.5	16.8
			Domestic		3.2	3.3	3.5	5.0	3.9
			External		9.5	10.4	13.1	12.5	12.9
		Current transfers			41.2	46.8	49.0	60.1	70.1
		Safety net / oil and gas subsidies			n.a.	n.a.	n.a.	2.6	1.5
	Investment expenditure				203.9	257.4	223.7	240.5	230.3
	Domestically financed				63.5	65.8	47.5	63.5	86.7
		of which: HIPC			…	…	…	4.9	17.2
		of which: tax component			15.9	22.9	14.3	17.6	13.4
	Externally financed				140.4	191.5	176.2	177.1	143.5
	Net lending and capital transfers				−0.6	0.3	3.1	−1.9	−2.7
Overall surplus/deficit (commitment basis)					−44.7	−60.6	−67.0	−81.2	−108.3
			Excluding grants		−148.4	−201.7	−201.8	−229.5	−227.0
Basic balance ^4/					−8.0	−10.2	−25.6	−52.4	−83.4
			Excluding use of HIFC resources		n.a.	−10.2	−25.6	−45.8	−55.3
Cash basis adjustment					−5.5	−9.3	−0.1	20.3	39.7
	Change in payments arrears				−5.5	−8.3	0.0	0.0	−3.3
			Domestic		−5.5	−8.3	0.0	0.0	−3.3
			External		0.0	0.0	0.0	0.0	0.0
	Expenditures committed but not paid ^5/				0.0	−1.0	−10.0	14.8	12.4
		Of which: HIPC			…	…	…	1.8	10.2
	Change in treasury’s commitments				0.0	0.0	9.9	5.5	30.6
	HIPC adjustment				0.0	0.0	−7.1	−21.7	0.0
Overall deficit (cash basis)					−50.2	−69.9	−67.0	−60.9	−68.7
		Excluding grants			−153.9	−211.0	−201.8	−209.2	−187.3
Financing					50.2	69.9	75.3	59.3	70.4
	Foreign				49.6	64.0	43.6	88.4	94.1
	Drawings				69.6	90.2	71.4	115.5	100.8
				Project loans	56.3	74.1	66.5	56.0	54.8
				Adjustment and	13.3	16.1	0.0	33.1	46.0
	HIPC Initiative				n.a.	n.a.	7.1	26.5	20.8
	Amortization				−20.0	−26.2	−27.8	−27.1	−27.4
	Domestic financing				−2.1	2.4	29.0	−29.2	−23.8
	Bank financing				−6.7	12.2	19.8	−11.9	−43.8
				Central bank	−5.8	14.5	23.1	−9.4	−36.3
				of which: HIPC Account	0.0	0.0	0.0	0.0	−3.1
				Commercial banks	−0.9	−2.3	−3.3	−2.5	−7.5
		Nonbank financing			4.6	−9.8	9.2	−17.3	20.0
				Government bonds	−1.9	−13.5	−5.4	1.4	6.1
				Privatization revenue	6.5	3.7	14.6	3.0	0.9
				Other	0.0	0.0	0.0	0.0	13.1
				HIPC Account	n.a.	n.a.	0.0	−21.7	0.0
	Debt under discussion ^6/				2.8	4.2	2.6	0.0	0.0
Errors and omissions					0.0	0.7	−8.2	1.6	−1.7
Financing gap					0.0	0.0	0.0	0.0	0.0
Memorandum items:
	Poverty-reducing social expenditures				42.4	53.6	56.4	62.1	109.2
		of winch: Education			…	…	…	35.1	42.7
		of which: Health			…	…	…	27.3	38.5
	Military expenditure				23.3	25.7	26.1	27.0	33.4
					(In percent of GDP, unless otherwise specified)
Total revenue and grants					19.4	21.8	19.1	18.4	17.3
Tax revenue					12.1	12.8	11.0	10.5	11.1
Grants					6.3	8.2	7.3	7.3	5.4
Expenditure and net lending					22.1	25.3	22.7	22.4	22.3
	Current expenditure				9.7	10.4	10.5	10.7	11.9
	Capital expenditure				12.4	14.9	12.1	11.8	10.6
	Domestically financed				3.9	3.8	2.6	3.1	4.0
	Foreign financed				3.0	3.7	2.4	4.3	4.3
Overall balance (commitment basis)					−2.7	−3.5	−3.6	−4.0	−5.0
			Including grants
			Excluding grants		−9.3	−12.2	−10.9	−10.3	−8.6
Basic balance ^4/					−0.5	−0.6	−1.4	−2.6	−3.8
			Excluding use of HIPC resources		…	−0.6	−1.4	−2.2	−2.5
Financing gap
GDP (in billions of CEA francs)					1,648.6	1,730.9	1,851.6	2,039.7	2,179.2

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Includes HIPC resources, and staff assessment of the impact of the crisis in Côte d’Ivoire.

^{^2/}Revenue includes taxes on goods and services paid during the execution of public investment projects using checks issued by the treasury.

^{^3/}On a commitment basis and including the tax component of the public investment projects, which is paid by the treasury.

^{^4/}Revenue (excluding grants) minus expenditure, excluding foreign-financed investment outlays.

^{^5/}Float during the year. Decline of stack of expenditure committed but not paid: (−).

^{^6/}Contentious debt under negotiation with non-Pans Club creditors.

Table 18.

Burkina Faso: Consolidated Operations of the Central Government, 1998-2002 ^1/

					1998	1999	2000	2001	2002
									Est
					(In billions of CFA francs)
Total revenue and grants ^2/					319.0	377.7	354.2	376.3	378.1
	Current revenue ^2/				215.2	236.5	219.3	228.0	259.4
		Tax revenue			199.5	220.7	202.9	213.2	240.9
			Income and profits		43.5	53.7	61.4	56.1	61.7
			Domestic goods and services		94.7	106.4	97.7	111.8	130.2
			International trade		55.4	55.3	38.2	39.2	42.4
			Other		5.9	5.3	5.7	6.2	6.6
		Nontax revenue			15.6	15.8	16.4	14.7	18.5
	Capital revenue				0.0	0.0	0.0	0.0	0.0
	Grants				103.7	141.1	134.8	148.3	118.6
		Project			84.1	117.4	111.9	121.1	88.7
		Program			19.6	23.7	22.9	27.2	29.9
Expenditure and net lending ^3/					363.8	438.3	421.1	457.5	486.4
	Current expenditures				160.5	180.6	194.3	218.8	258.9
		of which: HIPC			…	…	…	1.7	11.0
		Wages and salaries			72.0	82.6	88.7	98.2	103.0
		Goods and services			34.6	37.6	40.0	40.5	62.5
		Other expenditure			0.0	0.0	0.0	0.0	5.1
		Interest payments			12.7	13.7	16.6	17.5	16.8
			Domestic		3.2	3.3	3.5	5.0	3.9
			External		9.5	10.4	13.1	12.5	12.9
		Current transfers			41.2	46.8	49.0	60.1	70.1
		Safety net / oil and gas subsidies			n.a.	n.a.	n.a.	2.6	1.5
	Investment expenditure				203.9	257.4	223.7	240.5	230.3
	Domestically financed				63.5	65.8	47.5	63.5	86.7
		of which: HIPC			…	…	…	4.9	17.2
		of which: tax component			15.9	22.9	14.3	17.6	13.4
	Externally financed				140.4	191.5	176.2	177.1	143.5
	Net lending and capital transfers				−0.6	0.3	3.1	−1.9	−2.7
Overall surplus/deficit (commitment basis)					−44.7	−60.6	−67.0	−81.2	−108.3
			Excluding grants		−148.4	−201.7	−201.8	−229.5	−227.0
Basic balance ^4/					−8.0	−10.2	−25.6	−52.4	−83.4
			Excluding use of HIFC resources		n.a.	−10.2	−25.6	−45.8	−55.3
Cash basis adjustment					−5.5	−9.3	−0.1	20.3	39.7
	Change in payments arrears				−5.5	−8.3	0.0	0.0	−3.3
			Domestic		−5.5	−8.3	0.0	0.0	−3.3
			External		0.0	0.0	0.0	0.0	0.0
	Expenditures committed but not paid ^5/				0.0	−1.0	−10.0	14.8	12.4
		Of which: HIPC			…	…	…	1.8	10.2
	Change in treasury’s commitments				0.0	0.0	9.9	5.5	30.6
	HIPC adjustment				0.0	0.0	−7.1	−21.7	0.0
Overall deficit (cash basis)					−50.2	−69.9	−67.0	−60.9	−68.7
		Excluding grants			−153.9	−211.0	−201.8	−209.2	−187.3
Financing					50.2	69.9	75.3	59.3	70.4
	Foreign				49.6	64.0	43.6	88.4	94.1
	Drawings				69.6	90.2	71.4	115.5	100.8
				Project loans	56.3	74.1	66.5	56.0	54.8
				Adjustment and	13.3	16.1	0.0	33.1	46.0
	HIPC Initiative				n.a.	n.a.	7.1	26.5	20.8
	Amortization				−20.0	−26.2	−27.8	−27.1	−27.4
	Domestic financing				−2.1	2.4	29.0	−29.2	−23.8
	Bank financing				−6.7	12.2	19.8	−11.9	−43.8
				Central bank	−5.8	14.5	23.1	−9.4	−36.3
				of which: HIPC Account	0.0	0.0	0.0	0.0	−3.1
				Commercial banks	−0.9	−2.3	−3.3	−2.5	−7.5
		Nonbank financing			4.6	−9.8	9.2	−17.3	20.0
				Government bonds	−1.9	−13.5	−5.4	1.4	6.1
				Privatization revenue	6.5	3.7	14.6	3.0	0.9
				Other	0.0	0.0	0.0	0.0	13.1
				HIPC Account	n.a.	n.a.	0.0	−21.7	0.0
	Debt under discussion ^6/				2.8	4.2	2.6	0.0	0.0
Errors and omissions					0.0	0.7	−8.2	1.6	−1.7
Financing gap					0.0	0.0	0.0	0.0	0.0
Memorandum items:
	Poverty-reducing social expenditures				42.4	53.6	56.4	62.1	109.2
		of winch: Education			…	…	…	35.1	42.7
		of which: Health			…	…	…	27.3	38.5
	Military expenditure				23.3	25.7	26.1	27.0	33.4
					(In percent of GDP, unless otherwise specified)
Total revenue and grants					19.4	21.8	19.1	18.4	17.3
Tax revenue					12.1	12.8	11.0	10.5	11.1
Grants					6.3	8.2	7.3	7.3	5.4
Expenditure and net lending					22.1	25.3	22.7	22.4	22.3
	Current expenditure				9.7	10.4	10.5	10.7	11.9
	Capital expenditure				12.4	14.9	12.1	11.8	10.6
	Domestically financed				3.9	3.8	2.6	3.1	4.0
	Foreign financed				3.0	3.7	2.4	4.3	4.3
Overall balance (commitment basis)					−2.7	−3.5	−3.6	−4.0	−5.0
			Including grants
			Excluding grants		−9.3	−12.2	−10.9	−10.3	−8.6
Basic balance ^4/					−0.5	−0.6	−1.4	−2.6	−3.8
			Excluding use of HIPC resources		…	−0.6	−1.4	−2.2	−2.5
Financing gap
GDP (in billions of CEA francs)					1,648.6	1,730.9	1,851.6	2,039.7	2,179.2

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Includes HIPC resources, and staff assessment of the impact of the crisis in Côte d’Ivoire.

^{^2/}Revenue includes taxes on goods and services paid during the execution of public investment projects using checks issued by the treasury.

^{^3/}On a commitment basis and including the tax component of the public investment projects, which is paid by the treasury.

^{^4/}Revenue (excluding grants) minus expenditure, excluding foreign-financed investment outlays.

^{^5/}Float during the year. Decline of stack of expenditure committed but not paid: (−).

^{^6/}Contentious debt under negotiation with non-Pans Club creditors.

Table 19.

Burkina Faso: Economic Classification of Consolidated Government Expenditure, 1998-2002

Sources: Burkinabè authorities; and staff estimates.

Table 19.

Burkina Faso: Economic Classification of Consolidated Government Expenditure, 1998-2002

			1998	1999	2000	2001	2002
			(In billions of CFA francs)
Total expenditure and net lending			363.8	438.3	421.1	457.5	486.4
Total expenditure			364.4	438.0	418.0	459.4	489.1
	Current		160.5	180.6	195.6	219.8	258.1
		Wages and salaries	72.0	82.6	88.9	98.2	103.0
		Goods and services	34.6	37.6	41.1	48.7	62.5
		Other expenditure	0.0	0.0	0.0	0.0	5.1
		Interest	12.7	13.7	16.6	18.0	16.8
		On external debt	9.5	10.4	13.1	12.7	12.9
		On domestic debt	3.2	3.3	3.5	5.3	3.9
		Transfers	41.2	46.8	49.0	51.8	70.1
	Capital		203.9	257.4	223.7	240.5	230.3
		Domestically financed	63.5	65.8	47.5	63.5	86.7
		Externally financed	140.4	191.5	176.2	177.1	143.5
Net lending			−0.6	0.3	3.1	−1.9	−2.7
			(In percent of GDP)
Total expenditure and net lending			22.1	25.3	22.7	22.4	22.3
Total expenditure			22.1	25.3	22.6	22.5	22.4
	Current		9.7	10.4	10.6	10.8	11.8
		Wages and salaries	4.4	4.8	4.8	4.8	4.7
		Goods and services	2.1	2.2	2.2	2.4	2.9
		Interest	0.8	0.8	0.9	0.9	0.8
		Transfers	2.5	2.7	2.6	2.5	3.2
		Capital	12.4	14.9	12.1	11.8	10.6
Net lending			0.0	0.0	0.2	−0.1	−0.1
			(In percent of total expenditure)
Total expenditure and net lending			100.0	100.0	100.0	100.0	100.0
Total expenditure			100.2	99.9	99.3	100.4	100.6
	Current		44.1	41.2	46.4	48.0	53.1
		Wages and salaries	19.8	18.8	21.1	21.5	21.2
		Goods and services	9.5	8.6	9.8	10.7	12.8
		Interest	3.5	3.1	3.9	3.9	3.5
		Transfers	11.3	10.7	11.6	11.3	14.4
		Capital	56.1	58.7	53.1	52.6	47.3
Net lending			−0.2	0.1	0.7	−0.4	−0.6
			(In billions of CFA francs)
Memorandum items:
	Technical assistance-related expenditure		16.1	15.8	…	…	…
		Financed by foreign grants	8.4	8.3	…	…	…
		Financed by foreign loans	7.6	7.5	…	…	…

Sources: Burkinabè authorities; and staff estimates.

Table 19.

Burkina Faso: Economic Classification of Consolidated Government Expenditure, 1998-2002

			1998	1999	2000	2001	2002
			(In billions of CFA francs)
Total expenditure and net lending			363.8	438.3	421.1	457.5	486.4
Total expenditure			364.4	438.0	418.0	459.4	489.1
	Current		160.5	180.6	195.6	219.8	258.1
		Wages and salaries	72.0	82.6	88.9	98.2	103.0
		Goods and services	34.6	37.6	41.1	48.7	62.5
		Other expenditure	0.0	0.0	0.0	0.0	5.1
		Interest	12.7	13.7	16.6	18.0	16.8
		On external debt	9.5	10.4	13.1	12.7	12.9
		On domestic debt	3.2	3.3	3.5	5.3	3.9
		Transfers	41.2	46.8	49.0	51.8	70.1
	Capital		203.9	257.4	223.7	240.5	230.3
		Domestically financed	63.5	65.8	47.5	63.5	86.7
		Externally financed	140.4	191.5	176.2	177.1	143.5
Net lending			−0.6	0.3	3.1	−1.9	−2.7
			(In percent of GDP)
Total expenditure and net lending			22.1	25.3	22.7	22.4	22.3
Total expenditure			22.1	25.3	22.6	22.5	22.4
	Current		9.7	10.4	10.6	10.8	11.8
		Wages and salaries	4.4	4.8	4.8	4.8	4.7
		Goods and services	2.1	2.2	2.2	2.4	2.9
		Interest	0.8	0.8	0.9	0.9	0.8
		Transfers	2.5	2.7	2.6	2.5	3.2
		Capital	12.4	14.9	12.1	11.8	10.6
Net lending			0.0	0.0	0.2	−0.1	−0.1
			(In percent of total expenditure)
Total expenditure and net lending			100.0	100.0	100.0	100.0	100.0
Total expenditure			100.2	99.9	99.3	100.4	100.6
	Current		44.1	41.2	46.4	48.0	53.1
		Wages and salaries	19.8	18.8	21.1	21.5	21.2
		Goods and services	9.5	8.6	9.8	10.7	12.8
		Interest	3.5	3.1	3.9	3.9	3.5
		Transfers	11.3	10.7	11.6	11.3	14.4
		Capital	56.1	58.7	53.1	52.6	47.3
Net lending			−0.2	0.1	0.7	−0.4	−0.6
			(In billions of CFA francs)
Memorandum items:
	Technical assistance-related expenditure		16.1	15.8	…	…	…
		Financed by foreign grants	8.4	8.3	…	…	…
		Financed by foreign loans	7.6	7.5	…	…	…

Sources: Burkinabè authorities; and staff estimates.

Table 20.

Burkina Faso: Total Revenue, 1998-2002 ^1/

Source: Burkinabè authorities.

^{^1/}Starting in 1999, revenue includes taxes on goods and services paid in execution of public investment projects using checks issued by the treasury.

^{^2/}Including the community solidarity levies of the WAEMU and ECOWAS.

Table 20.

Burkina Faso: Total Revenue, 1998-2002 ^1/

						1998	1999	2000	2001	2002
						(In millions of CFA francs)
Total revenue						215,163	236,548	219,345	227,962	259,406
	Tax revenue					199,531	220,744	202,936	213,220	240,876
		Income taxes				43,532	53,740	61,421	56,105	61,681
			Corporate income tax			18,891	24,879	32,221	26,138	29,013
			Personal income tax			19,735	22,404	23,773	23,717	26,903
			Other			4,906	6,457	5,427	6,249	5,765
		Payroll taxes				2,234	2,429	2,727	2,716	3,002
		Property taxes				1,080	893	884	1,038	1,147
		Taxes on goods and services ^1/				94,703	106,449	97,659	111,773	130,176
				Turnover tax		0.0	0.0	0.0	0.0	0.0
				Value-added tax		58,850	63,838	62,566	84,779	89,523
					Value-added tax (import)	31,464	30,735	28,030	37,102	32,055
					Value-added tax (domestic)	27,386	33,103	34,529	47,675	54,790
			Selected excises on goods			13,824	17,629	16,129	12,058	24,074
				Of which: Single tax on petroleum products		8,229	11,652	10,515	6,158	17,492
			Other ^1/			22,029	24,982	18,964	14,936	16,579
	Taxes on international trade ^1/ ^2/					55,396	55,255	38,167	39,160	42,391
		Import duties				43,882	42,086	24,943	30,668	34,241
			Customs duty			32,235	29,040	21,589	27,446	30,624
			Statistical tax			11,647	13,046	3,274	3,108	3,078
		Of which: Other import taxes				…	…	…	0.0	0.0
		Special intervention tax				2,942	…	0.0	0.0	0.0
					Special community tax	2,391	2,302	…	0.0	0.0
				Transfers from WAEMU		…	582	…	0.0	0.0
		Contribution of the livestock sector				687	618	572	525	326
		Other taxes on international trade ^1/ ^2/				8,572	13,169	13,223	8,492	8,150
	Other tax revenue					2,586	6,837	5,123	6,271	5,848
Non tax revenue						15,632	15,804	16,409	14,742	18,530
		Dividends				6,138	5,860	5,817	2,828	4,287
		Other				9,494	9,945	10,592	11,913	14,242
	Capital revenue					0.0	0.0	0.0	0.0	0.0
						(In percent of GDP)
Total revenue						13.1	13.7	11.8	11.2	11.9
		Tax revenue				12.1	12.8	11.0	10.5	11.1
		Income taxes				2.6	3.1	3.3	2.8	2.8
			Of which: corporate income tax			1.1	1.4	1.7	1.3	1.3
					personal income tax	1.2	1.3	1.3	1.2	1.2
		Tax on manpower				0.3	0.4	0.3	0.3	0.3
		Property taxes				0.1	0.1	0.1	0.1	0.1
		Taxes on goods and services				5.7	6.1	5.3	5.5	6.0
				Of which: value-added tax		3.6	3.7	3.4	4.2	4.1
		Taxes on international trade				3.4	3.2	2.1	1.9	1.9
			Of which: taxes on imports			2.7	2.4	1.3	1.5	1.6
		Other tax receipts				0.2	0.4	0.3	0.3	0.3
		Nontax revenue				0.9	0.9	0.9	0.7	0.9
						(in percent of total revenue)
Total revenue						100.0	100.0	100.0	100.0	100.0
		Tax revenue				92.7	93.3	92.5	93.5	92.9
		Income taxes				20.2	22.7	28.0	24.6	23.8
			Of which: corporate income tax			8.8	10.5	14.7	11.5	11.2
					personal income tax	9.2	9.5	10.8	10.4	10.4
		Payroll taxes				1.0	1.0	1.2	1.2	1.2
		Property taxes				0.5	0.4	0.4	0.5	0.4
		Taxes on goods and services				44.0	45.0	44.5	49.0	50.2
			Of which; Value-added tax			27.4	27.0	28.5	37.2	34.5
		Taxes on international trade				25.7	23.4	17.4	17.2	16.3
			Of which: taxes on imports			20.4	17.8	11.4	13.5	13.2
		Other tax receipts				1.2	2.9	2.3	2.8	2.3
	Nontax revenue					7.3	6.7	7.5	6.5	7.1
		Of which: dividends				2.9	2.5	2.7	1.2	1.7
	Capital revenue					0.0	0.0	0.0	0.0	0.0
GDP (in billions of CFA francs)						1,649	1,731	1,852	2,040	2,179

Source: Burkinabè authorities.

^{^1/}Starting in 1999, revenue includes taxes on goods and services paid in execution of public investment projects using checks issued by the treasury.

^{^2/}Including the community solidarity levies of the WAEMU and ECOWAS.

Table 20.

Burkina Faso: Total Revenue, 1998-2002 ^1/

						1998	1999	2000	2001	2002
						(In millions of CFA francs)
Total revenue						215,163	236,548	219,345	227,962	259,406
	Tax revenue					199,531	220,744	202,936	213,220	240,876
		Income taxes				43,532	53,740	61,421	56,105	61,681
			Corporate income tax			18,891	24,879	32,221	26,138	29,013
			Personal income tax			19,735	22,404	23,773	23,717	26,903
			Other			4,906	6,457	5,427	6,249	5,765
		Payroll taxes				2,234	2,429	2,727	2,716	3,002
		Property taxes				1,080	893	884	1,038	1,147
		Taxes on goods and services ^1/				94,703	106,449	97,659	111,773	130,176
				Turnover tax		0.0	0.0	0.0	0.0	0.0
				Value-added tax		58,850	63,838	62,566	84,779	89,523
					Value-added tax (import)	31,464	30,735	28,030	37,102	32,055
					Value-added tax (domestic)	27,386	33,103	34,529	47,675	54,790
			Selected excises on goods			13,824	17,629	16,129	12,058	24,074
				Of which: Single tax on petroleum products		8,229	11,652	10,515	6,158	17,492
			Other ^1/			22,029	24,982	18,964	14,936	16,579
	Taxes on international trade ^1/ ^2/					55,396	55,255	38,167	39,160	42,391
		Import duties				43,882	42,086	24,943	30,668	34,241
			Customs duty			32,235	29,040	21,589	27,446	30,624
			Statistical tax			11,647	13,046	3,274	3,108	3,078
		Of which: Other import taxes				…	…	…	0.0	0.0
		Special intervention tax				2,942	…	0.0	0.0	0.0
					Special community tax	2,391	2,302	…	0.0	0.0
				Transfers from WAEMU		…	582	…	0.0	0.0
		Contribution of the livestock sector				687	618	572	525	326
		Other taxes on international trade ^1/ ^2/				8,572	13,169	13,223	8,492	8,150
	Other tax revenue					2,586	6,837	5,123	6,271	5,848
Non tax revenue						15,632	15,804	16,409	14,742	18,530
		Dividends				6,138	5,860	5,817	2,828	4,287
		Other				9,494	9,945	10,592	11,913	14,242
	Capital revenue					0.0	0.0	0.0	0.0	0.0
						(In percent of GDP)
Total revenue						13.1	13.7	11.8	11.2	11.9
		Tax revenue				12.1	12.8	11.0	10.5	11.1
		Income taxes				2.6	3.1	3.3	2.8	2.8
			Of which: corporate income tax			1.1	1.4	1.7	1.3	1.3
					personal income tax	1.2	1.3	1.3	1.2	1.2
		Tax on manpower				0.3	0.4	0.3	0.3	0.3
		Property taxes				0.1	0.1	0.1	0.1	0.1
		Taxes on goods and services				5.7	6.1	5.3	5.5	6.0
				Of which: value-added tax		3.6	3.7	3.4	4.2	4.1
		Taxes on international trade				3.4	3.2	2.1	1.9	1.9
			Of which: taxes on imports			2.7	2.4	1.3	1.5	1.6
		Other tax receipts				0.2	0.4	0.3	0.3	0.3
		Nontax revenue				0.9	0.9	0.9	0.7	0.9
						(in percent of total revenue)
Total revenue						100.0	100.0	100.0	100.0	100.0
		Tax revenue				92.7	93.3	92.5	93.5	92.9
		Income taxes				20.2	22.7	28.0	24.6	23.8
			Of which: corporate income tax			8.8	10.5	14.7	11.5	11.2
					personal income tax	9.2	9.5	10.8	10.4	10.4
		Payroll taxes				1.0	1.0	1.2	1.2	1.2
		Property taxes				0.5	0.4	0.4	0.5	0.4
		Taxes on goods and services				44.0	45.0	44.5	49.0	50.2
			Of which; Value-added tax			27.4	27.0	28.5	37.2	34.5
		Taxes on international trade				25.7	23.4	17.4	17.2	16.3
			Of which: taxes on imports			20.4	17.8	11.4	13.5	13.2
		Other tax receipts				1.2	2.9	2.3	2.8	2.3
	Nontax revenue					7.3	6.7	7.5	6.5	7.1
		Of which: dividends				2.9	2.5	2.7	1.2	1.7
	Capital revenue					0.0	0.0	0.0	0.0	0.0
GDP (in billions of CFA francs)						1,649	1,731	1,852	2,040	2,179

Source: Burkinabè authorities.

^{^1/}Starting in 1999, revenue includes taxes on goods and services paid in execution of public investment projects using checks issued by the treasury.

^{^2/}Including the community solidarity levies of the WAEMU and ECOWAS.

Table 21.

Burkina Faso: Monetary Survey, 1998-2002

Source: Central Bank of West African States (BCEAO).

^{^1/}Excluding net external position of the postal checking system; excluding gold.

^{^2/}Definition of government comprises central government as well as CGP, CSPPA, and OFNACER.

Table 21.

Burkina Faso: Monetary Survey, 1998-2002

							1998	1999	2000	2001	2002
											Est.
							(In billions of CFA francs)
Net foreign assets ^1/							172.7	163.5	125.8	128.1	136.5
	BCEAO						113.1	91.8	54.1	76.5	77.6
	Commercial banks						59.5	67.6	71.7	51.6	59.0
Net domestic assets							204.2	225.3	285.1	296.2	291.1
	Domestic credit						217.3	237.0	299.3	308.4	308.4
		Net claims on government ^2/					37.1	49.8	80.3	58.8	13.7
		Credit to private sector					180.2	187.2	219.1	249.6	294.8
			Credit to other financial institutions				1.1	1.1	1.1	1.1	1.1
			Performing credit				171.7	180.6	208.8	239.2	285.9
				Short term			123.7	137.7	159.1	176.3	215.8
					Of which: crop credit		21.0	16.3	28.5	38.3	47.6
					Medium and long term		46.8	42.4	49.4	62.3	69.3
				Nonperforming credit			5.0	3.7	5.5	6.3	3.6
	Other items (net)						−13.1	−11.8	−14.2	−12.2	−17.3
Money and quasi money							376.9	388.8	410.8	424.4	427.7
	Currency						165.0	142.6	136.1	120.6	80.7
	Demand deposits						96.9	113.8	122.9	141.4	161.2
	Time and savings deposits						115.0	132.4	151.8	162.4	185.8
Long-term foreign liabilities							4.7	8.5	5.8	6.4	8.8
SDR allocations							7.6	7.9	9.0	8.8	8.7
							(In percent of beginning-of-period broad money, unless otherwise indicated)
Memorandum items:
	Net foreign assets						−5.6	−2.4	−9.7	0.6	2.0
	Net domestic assets						7.4	5.6	15.4	2.7	−1.2
		Of which: net claims on government					0.4	3.4	7.8	−5.2	−10.6
						credit to private sector	3.0	1.9	8.2	7.4	10.6
	Money and quasi money						1.7	3.1	5.7	3.3	0.8
	Nonperforming credit/total credit (percent)						2.5	1.7	4.4	2.0	1.2

Source: Central Bank of West African States (BCEAO).

^{^1/}Excluding net external position of the postal checking system; excluding gold.

^{^2/}Definition of government comprises central government as well as CGP, CSPPA, and OFNACER.

Table 21.

Burkina Faso: Monetary Survey, 1998-2002

							1998	1999	2000	2001	2002
											Est.
							(In billions of CFA francs)
Net foreign assets ^1/							172.7	163.5	125.8	128.1	136.5
	BCEAO						113.1	91.8	54.1	76.5	77.6
	Commercial banks						59.5	67.6	71.7	51.6	59.0
Net domestic assets							204.2	225.3	285.1	296.2	291.1
	Domestic credit						217.3	237.0	299.3	308.4	308.4
		Net claims on government ^2/					37.1	49.8	80.3	58.8	13.7
		Credit to private sector					180.2	187.2	219.1	249.6	294.8
			Credit to other financial institutions				1.1	1.1	1.1	1.1	1.1
			Performing credit				171.7	180.6	208.8	239.2	285.9
				Short term			123.7	137.7	159.1	176.3	215.8
					Of which: crop credit		21.0	16.3	28.5	38.3	47.6
					Medium and long term		46.8	42.4	49.4	62.3	69.3
				Nonperforming credit			5.0	3.7	5.5	6.3	3.6
	Other items (net)						−13.1	−11.8	−14.2	−12.2	−17.3
Money and quasi money							376.9	388.8	410.8	424.4	427.7
	Currency						165.0	142.6	136.1	120.6	80.7
	Demand deposits						96.9	113.8	122.9	141.4	161.2
	Time and savings deposits						115.0	132.4	151.8	162.4	185.8
Long-term foreign liabilities							4.7	8.5	5.8	6.4	8.8
SDR allocations							7.6	7.9	9.0	8.8	8.7
							(In percent of beginning-of-period broad money, unless otherwise indicated)
Memorandum items:
	Net foreign assets						−5.6	−2.4	−9.7	0.6	2.0
	Net domestic assets						7.4	5.6	15.4	2.7	−1.2
		Of which: net claims on government					0.4	3.4	7.8	−5.2	−10.6
						credit to private sector	3.0	1.9	8.2	7.4	10.6
	Money and quasi money						1.7	3.1	5.7	3.3	0.8
	Nonperforming credit/total credit (percent)						2.5	1.7	4.4	2.0	1.2

Source: Central Bank of West African States (BCEAO).

^{^1/}Excluding net external position of the postal checking system; excluding gold.

^{^2/}Definition of government comprises central government as well as CGP, CSPPA, and OFNACER.

Table 22.

Burkina Faso: Summary Accounts of the Central Bank, 1998-2002

(In billions of CFA francs; end of period)

Source: Central Bank of West African States (BCEAO).

^{^1/}Excluding gold.

Table 22.

Burkina Faso: Summary Accounts of the Central Bank, 1998-2002

(In billions of CFA francs; end of period)

			1998	1999	2000	2001	2002
							Est.
Net foreign assets ^1/			113.2	91.6	54.1	76.5	77.6
	Assets		210.0	192.4	171.3	194.0	185.3
	Liabilities		97.0	100.6	117.2	117.5	107.7
Net claims on government			44.5	58.8	81.7	68.9	32.7
	Claims		92.9	103.7	104.4	110.7	112.5
	Liabilities		48.4	44.9	22.7	41.8	79.9
Net claims on banks			8.6	−9.3	−8.5	−32.5	−32.5
	Claims		24.7	3.9	10.3	3.3	0.0
		Advances to money market	0.0	0.0	0.0	0.0	0.0
		Rediscounts	24.7	3.9	10.3	3.3	0.0
		Other	0.0	0.0	0.0	0.0	0.0
	Liabilities		16.1	13.2	18.8	35.8	32.5
		Deposits on money market	0.0	0.0	0.0	0.0	0.0
		Other deposits	11.0	7.3	11.5	26.6	22.9
		Currency	5.1	5.9	7.2	9.2	9.6
Net claims on other financial institutions			1.1	1.1	1.1	1.1	1.1
Currency outside banks			165.0	142.6	136.1	120.6	80.7
Public enterprise deposits			5.2	4.3	5.5	3.8	5.0
Other items (net)			−2.9	−4.7	−13.3	−10.4	−6.9

Source: Central Bank of West African States (BCEAO).

^{^1/}Excluding gold.

Table 22.

Burkina Faso: Summary Accounts of the Central Bank, 1998-2002

(In billions of CFA francs; end of period)

			1998	1999	2000	2001	2002
							Est.
Net foreign assets ^1/			113.2	91.6	54.1	76.5	77.6
	Assets		210.0	192.4	171.3	194.0	185.3
	Liabilities		97.0	100.6	117.2	117.5	107.7
Net claims on government			44.5	58.8	81.7	68.9	32.7
	Claims		92.9	103.7	104.4	110.7	112.5
	Liabilities		48.4	44.9	22.7	41.8	79.9
Net claims on banks			8.6	−9.3	−8.5	−32.5	−32.5
	Claims		24.7	3.9	10.3	3.3	0.0
		Advances to money market	0.0	0.0	0.0	0.0	0.0
		Rediscounts	24.7	3.9	10.3	3.3	0.0
		Other	0.0	0.0	0.0	0.0	0.0
	Liabilities		16.1	13.2	18.8	35.8	32.5
		Deposits on money market	0.0	0.0	0.0	0.0	0.0
		Other deposits	11.0	7.3	11.5	26.6	22.9
		Currency	5.1	5.9	7.2	9.2	9.6
Net claims on other financial institutions			1.1	1.1	1.1	1.1	1.1
Currency outside banks			165.0	142.6	136.1	120.6	80.7
Public enterprise deposits			5.2	4.3	5.5	3.8	5.0
Other items (net)			−2.9	−4.7	−13.3	−10.4	−6.9

Source: Central Bank of West African States (BCEAO).

^{^1/}Excluding gold.

Table 23.

Burkina Faso: Summary Accounts of Deposit Money Banks, 1998-2002 ^1/

(In billions of CFA francs; end-of-period)

Source: Central Bank of West African States (BCEAO).

^{^1/}Including treasury operations with private sector, Postal Checking (CCP), and National Savings Banks (CNE).

^{^2/}Including public corporations.

Table 23.

Burkina Faso: Summary Accounts of Deposit Money Banks, 1998-2002 ^1/

(In billions of CFA francs; end-of-period)

				1998	1999	2000	2001	2002
Net foreign assets				59.5	67.6	71.7	51.6	59.0
	Assets			97.2	152.1	153.4	140.5	125.5
	Liabilities			37.7	84.5	81.7	88.9	66.5
Net money market position				0.0	0.0	0.0	0.0	0.0
	Deposits			0.0	0.0	0.0	0.0	0.0
	Advances			0.0	0.0	0.0	0.0	0.0
Other reserves				16.5	16.3	21.2	35.4	31.8
	Currency			5.1	5.9	7.2	9.2	9.6
	Deposits at BCEAO			11.4	10.3	14.0	26.2	22.2
Net claims on government				−29.9	−34.4	−31.2	−42.2	−54.7
	Claims			28.1	26.1	24.0	15.0	20.5
	Deposits			58.0	60.5	55.1	57.1	75.2
Claims on economy ^2/				177.9	185.6	217.6	247.9	292.8
	Performing credits			170.5	180.1	208.5	238.7	285.1
		Short term		123.7	137.7	159.1	176.3	215.8
			Of which: crop credit	21.0	16.3	28.5	38.3	47.6
		Medium and long term		46.8	42.4	49.4	62.3	69.3
	Nonperforming credit			7.4	5.5	9.1	9.2	7.7
		Unpaid claims		2.4	1.8	3.6	3.0	4.2
		Doubtful and litigious credit		5.0	3.7	5.5	6.3	3.6
Claims on other financial institutions				0.0	0.0	0.0	0.0	0.0
Deposits				183.7	216.0	239.4	267.4	305.3
	Demand deposits			89.5	107.4	115.1	135.7	153.6
		Public enterprises		…	…	…	…	…
		Other		…	…	…	…	…
	Time deposits			94.3	108.6	124.4	131.7	151.8
		Public enterprises		…	…	…	…	…
		Other		…	…	…	…	…
BCEAO claims				24.7	3.9	11.0	3.3	0.0
Other items (net)				15.7	19.5	−13.5	−23.1	−24.6

Source: Central Bank of West African States (BCEAO).

^{^1/}Including treasury operations with private sector, Postal Checking (CCP), and National Savings Banks (CNE).

^{^2/}Including public corporations.

Table 23.

Burkina Faso: Summary Accounts of Deposit Money Banks, 1998-2002 ^1/

(In billions of CFA francs; end-of-period)

				1998	1999	2000	2001	2002
Net foreign assets				59.5	67.6	71.7	51.6	59.0
	Assets			97.2	152.1	153.4	140.5	125.5
	Liabilities			37.7	84.5	81.7	88.9	66.5
Net money market position				0.0	0.0	0.0	0.0	0.0
	Deposits			0.0	0.0	0.0	0.0	0.0
	Advances			0.0	0.0	0.0	0.0	0.0
Other reserves				16.5	16.3	21.2	35.4	31.8
	Currency			5.1	5.9	7.2	9.2	9.6
	Deposits at BCEAO			11.4	10.3	14.0	26.2	22.2
Net claims on government				−29.9	−34.4	−31.2	−42.2	−54.7
	Claims			28.1	26.1	24.0	15.0	20.5
	Deposits			58.0	60.5	55.1	57.1	75.2
Claims on economy ^2/				177.9	185.6	217.6	247.9	292.8
	Performing credits			170.5	180.1	208.5	238.7	285.1
		Short term		123.7	137.7	159.1	176.3	215.8
			Of which: crop credit	21.0	16.3	28.5	38.3	47.6
		Medium and long term		46.8	42.4	49.4	62.3	69.3
	Nonperforming credit			7.4	5.5	9.1	9.2	7.7
		Unpaid claims		2.4	1.8	3.6	3.0	4.2
		Doubtful and litigious credit		5.0	3.7	5.5	6.3	3.6
Claims on other financial institutions				0.0	0.0	0.0	0.0	0.0
Deposits				183.7	216.0	239.4	267.4	305.3
	Demand deposits			89.5	107.4	115.1	135.7	153.6
		Public enterprises		…	…	…	…	…
		Other		…	…	…	…	…
	Time deposits			94.3	108.6	124.4	131.7	151.8
		Public enterprises		…	…	…	…	…
		Other		…	…	…	…	…
BCEAO claims				24.7	3.9	11.0	3.3	0.0
Other items (net)				15.7	19.5	−13.5	−23.1	−24.6

Source: Central Bank of West African States (BCEAO).

^{^1/}Including treasury operations with private sector, Postal Checking (CCP), and National Savings Banks (CNE).

^{^2/}Including public corporations.

Table 24.

Central Bank Interest Rates, January 1999-December 2002

(In percent per year)

Source: Central Bank of West African States (BCEAO).

^{^1/}The penalty rate applies to central bank credit to the government in excess of statutory limits and is equivalent to the repurchase rate plus 0.5 percentage points.

Table 24.

Central Bank Interest Rates, January 1999-December 2002

(In percent per year)

	Rediscount	Repurchase	Rate on Treasury	Penalty
	Rate	Rate	Advances	Rate ^1/
1999
January	5.75	5.25	4.95	5.75
February	5.75	5.25	4.95	5.75
March	5.75	5.25	4.95	5.75
April	5.75	5.25	4.95	5.75
May	5.75	5.25	4.95	5.75
June	5.75	5.25	4.95	5.75
July	5.75	5.25	4.95	5.75
August	5.75	5.25	4.95	5.75
September	5.75	5.25	4.95	5.75
October	5.75	5.25	4.95	5.75
November	5.75	5.25	4.95	5.75
December	5.75	5.25	4.95	5.75
2000
January	5.75	5.25	4.95	5.75
February	5.75	5.25	4.95	5.75
March	5.75	5.25	4.95	5.75
April	5.75	5.25	4.95	5.75
May	5.75	5.25	4.95	5.75
June	6.50	6.00	4.95	6.50
July	6.50	6.00	4.95	6.50
August	6.50	6.00	4.95	6.50
September	6.50	6.00	4.95	6.50
October	6.50	6.00	4.95	6.50
November	6.50	6.00	4.95	6.50
December	6.50	6.00	4.95	6.50
2001
January	6.50	6.00	4.95	6.50
February	6.50	6.00	4.95	6.50
March	6.50	6.00	4.95	6.50
April	6.50	6.00	4.95	6.50
May	6.50	6.00	4.95	6.50
June	6.50	6.00	4.95	6.50
July	6.50	6.00	4.95	6.50
August	6.50	6.00	4.95	6.50
September	6.50	6.00	4.95	6.50
October	6.50	6.00	4.95	6.50
November	6.50	6.00	4.95	6.50
December	6.50	6.00	4.95	6.50
2002
January	6.50	6.00	4.95	6.50
February	6.50	6.00	4.95	6.50
March	6.50	6.00	4.95	6.50
April	6.50	6.00	4.95	6.50
May	6.50	6.00	4.95	6.50
June	6.50	6.00	4.95	6.50
July	6.50	6.00	4.95	6.50
August	6.50	6.00	4.95	6.50
September	6.50	6.00	4.95	6.50
October	6.50	6.00	4.95	6.50
November	6.50	6.00	4.95	6.50
December	6.50	6.00	4.95	6.50

Source: Central Bank of West African States (BCEAO).

^{^1/}The penalty rate applies to central bank credit to the government in excess of statutory limits and is equivalent to the repurchase rate plus 0.5 percentage points.

Table 24.

Central Bank Interest Rates, January 1999-December 2002

(In percent per year)

	Rediscount	Repurchase	Rate on Treasury	Penalty
	Rate	Rate	Advances	Rate ^1/
1999
January	5.75	5.25	4.95	5.75
February	5.75	5.25	4.95	5.75
March	5.75	5.25	4.95	5.75
April	5.75	5.25	4.95	5.75
May	5.75	5.25	4.95	5.75
June	5.75	5.25	4.95	5.75
July	5.75	5.25	4.95	5.75
August	5.75	5.25	4.95	5.75
September	5.75	5.25	4.95	5.75
October	5.75	5.25	4.95	5.75
November	5.75	5.25	4.95	5.75
December	5.75	5.25	4.95	5.75
2000
January	5.75	5.25	4.95	5.75
February	5.75	5.25	4.95	5.75
March	5.75	5.25	4.95	5.75
April	5.75	5.25	4.95	5.75
May	5.75	5.25	4.95	5.75
June	6.50	6.00	4.95	6.50
July	6.50	6.00	4.95	6.50
August	6.50	6.00	4.95	6.50
September	6.50	6.00	4.95	6.50
October	6.50	6.00	4.95	6.50
November	6.50	6.00	4.95	6.50
December	6.50	6.00	4.95	6.50
2001
January	6.50	6.00	4.95	6.50
February	6.50	6.00	4.95	6.50
March	6.50	6.00	4.95	6.50
April	6.50	6.00	4.95	6.50
May	6.50	6.00	4.95	6.50
June	6.50	6.00	4.95	6.50
July	6.50	6.00	4.95	6.50
August	6.50	6.00	4.95	6.50
September	6.50	6.00	4.95	6.50
October	6.50	6.00	4.95	6.50
November	6.50	6.00	4.95	6.50
December	6.50	6.00	4.95	6.50
2002
January	6.50	6.00	4.95	6.50
February	6.50	6.00	4.95	6.50
March	6.50	6.00	4.95	6.50
April	6.50	6.00	4.95	6.50
May	6.50	6.00	4.95	6.50
June	6.50	6.00	4.95	6.50
July	6.50	6.00	4.95	6.50
August	6.50	6.00	4.95	6.50
September	6.50	6.00	4.95	6.50
October	6.50	6.00	4.95	6.50
November	6.50	6.00	4.95	6.50
December	6.50	6.00	4.95	6.50

Source: Central Bank of West African States (BCEAO).

^{^1/}The penalty rate applies to central bank credit to the government in excess of statutory limits and is equivalent to the repurchase rate plus 0.5 percentage points.

Table 25.

Burkina Faso: Money Market Interest Rates, January 1999-December 2002

(In percent per year)

Source: Central Bank of West African States (BCEAO).

^{^1/}The money market was introduced in 1975 and has functioned with an auction system since October 1993. Under this system, only part of the funds offered by commercial banks are accepted by the central bank; the interest can be either fixed by the central bank or determined as a result of the auction.

^{^2/}Bonds issued by the BCEAO to absorb excess liquidity were first emitted in August 1996; emission was suspended between November 1996 and May 1997.

Table 25.

Burkina Faso: Money Market Interest Rates, January 1999-December 2002

(In percent per year)

	Monthly Average Rate ^1/
	Advances and deposits	BCEAO bonds ^2/
	(TMM)
1999
January	4.95	…
February	4.95	…
March	4.95	…
April	4.95	…
May	4.95	…
June	4.95	…
July	4.95	…
August	4.95	3.75
September	4.95	4.00
October	4.95	…
November	4.95	…
December	4.95	…
2000
January	4.95	…
February	4.95	…
March	4.95	…
April	4.95	…
May	4.95	…
June	4.95	…
July	4.95	…
August	4.95	…
September	4.95	…
October	4.95	…
November	4.95	…
December	4.95	…
2001
January	4.95	…
February	4.95	…
March	4.95	…
April	4.95	…
May	4.95	…
June	4.95	…
July	4.95	…
August	4.95	…
September	4.95	…
October	4.95	…
November	4.95	…
December	4.95	…
2002
January	4.95	…
February	4.95	…
March	4.95	…
April	4.95	…
May	4.95	…
June	4.95	…
July	4.95	…
August	4.95	3.74
September	4.95	4.00
October	4.95	…
November	4.95	…
December	4.95	…

Source: Central Bank of West African States (BCEAO).

^{^2/}Bonds issued by the BCEAO to absorb excess liquidity were first emitted in August 1996; emission was suspended between November 1996 and May 1997.

Table 25.

Burkina Faso: Money Market Interest Rates, January 1999-December 2002

(In percent per year)

	Monthly Average Rate ^1/
	Advances and deposits	BCEAO bonds ^2/
	(TMM)
1999
January	4.95	…
February	4.95	…
March	4.95	…
April	4.95	…
May	4.95	…
June	4.95	…
July	4.95	…
August	4.95	3.75
September	4.95	4.00
October	4.95	…
November	4.95	…
December	4.95	…
2000
January	4.95	…
February	4.95	…
March	4.95	…
April	4.95	…
May	4.95	…
June	4.95	…
July	4.95	…
August	4.95	…
September	4.95	…
October	4.95	…
November	4.95	…
December	4.95	…
2001
January	4.95	…
February	4.95	…
March	4.95	…
April	4.95	…
May	4.95	…
June	4.95	…
July	4.95	…
August	4.95	…
September	4.95	…
October	4.95	…
November	4.95	…
December	4.95	…
2002
January	4.95	…
February	4.95	…
March	4.95	…
April	4.95	…
May	4.95	…
June	4.95	…
July	4.95	…
August	4.95	3.74
September	4.95	4.00
October	4.95	…
November	4.95	…
December	4.95	…

Source: Central Bank of West African States (BCEAO).

^{^2/}Bonds issued by the BCEAO to absorb excess liquidity were first emitted in August 1996; emission was suspended between November 1996 and May 1997.

Table 26.

Burkina Faso: Maximum Lending Rates Applied by Commercial Banks, February 1997-December2002 ^1/

(In percent per annun)

Source: Central Bank of West African States (BCEAO).

^{^1/}All rate ceilings were unified in October 2, 1989 and set equal to the discount rate plus 5 percent. In October 1, 1993, maximum rates were revised to twice the level of the discount rate. In July 1997, the usury rate was fixed at 18 percent.

^{^2/}With maturity of more than 2 years and less than 15 years.

^{^3/}Of any member state of the West African Monetary Union.

Table 26.

Burkina Faso: Maximum Lending Rates Applied by Commercial Banks, February 1997-December2002 ^1/

(In percent per annun)

		After	After	After	After	After	After	After
		Feb. 17, 1997	June 30, 1997	Jan. 1, 1998	Jan. 1, 1999	Jan. 1, 2000	Jan. 1, 2001	Jan. 1, 2002
Short- and medium-term credit
	Crop financing and export credit	12.5	18.0	18.0	18.0	11.0	11.0	15.5
	Financing of storage of agricultural products	12.5	18.0	18.0	18.0	11.0	11.0	15.5
	Credit to small and medium-sized national enterprises	12.5	18.0	18.0	18.0	15.0	15.0	15.5
	Credit to nationals ^2/ for construction of first primary residence	12.5	18.0	18.0	18.0	13.0	13.0	15.5
	Other credits	12.5	18.0	18.0	18.0	17.5	17.5	15.5
Long-term credit ^2/
	Credit to small and medium-sized national enterprises	12.5	18.0	18.0	18.0	15.0	15.0	15.5
	Credit to nationals ^3/ for construction of first primary residence	12.5	18.0	18.0	18.0	13.0	13.0	15.5
	Other credits	12.5	18.0	18.0	18.0	17.5	17.5	15.5

Source: Central Bank of West African States (BCEAO).

^{^2/}With maturity of more than 2 years and less than 15 years.

^{^3/}Of any member state of the West African Monetary Union.

Table 26.

Burkina Faso: Maximum Lending Rates Applied by Commercial Banks, February 1997-December2002 ^1/

(In percent per annun)

		After	After	After	After	After	After	After
		Feb. 17, 1997	June 30, 1997	Jan. 1, 1998	Jan. 1, 1999	Jan. 1, 2000	Jan. 1, 2001	Jan. 1, 2002
Short- and medium-term credit
	Crop financing and export credit	12.5	18.0	18.0	18.0	11.0	11.0	15.5
	Financing of storage of agricultural products	12.5	18.0	18.0	18.0	11.0	11.0	15.5
	Credit to small and medium-sized national enterprises	12.5	18.0	18.0	18.0	15.0	15.0	15.5
	Credit to nationals ^2/ for construction of first primary residence	12.5	18.0	18.0	18.0	13.0	13.0	15.5
	Other credits	12.5	18.0	18.0	18.0	17.5	17.5	15.5
Long-term credit ^2/
	Credit to small and medium-sized national enterprises	12.5	18.0	18.0	18.0	15.0	15.0	15.5
	Credit to nationals ^3/ for construction of first primary residence	12.5	18.0	18.0	18.0	13.0	13.0	15.5
	Other credits	12.5	18.0	18.0	18.0	17.5	17.5	15.5

Source: Central Bank of West African States (BCEAO).

^{^2/}With maturity of more than 2 years and less than 15 years.

^{^3/}Of any member state of the West African Monetary Union.

Table 27.

Burkina Faso: Deposit Rates Applied by Commercial Banks, October 1994-December 2002 ^1/

(In percent per year)

Source: Central Bank of West African States (BCEAO).

^{^1/}Fixed rates, unless marked with an asterisk (*), in which case it is a minimum rate.

^{^2/}Includes deposits of the Treasury, Post Office, Savings Bank, and other government agencies, public and mixed enterprises, and special private sector deposits resulting from legal requirements, such as reserves of insurance companies.

^{^3/}Deposit rates no longer fixed by the Central Bank of West African States (BCEAO).

^{^4/}Monthly average money market rate (TMM), published by the BCEAO, minus 2 percent.

^{^5/}Applicable to savings deposits of less than CFAF 5 million.

Table 27.

Burkina Faso: Deposit Rates Applied by Commercial Banks, October 1994-December 2002 ^1/

(In percent per year)

			From	From	From	From	From
			Jan. 19,	July 8,	Sep. 26,	Apr.1,	Jan. 1, 1997
			1994	1994	1994	1996	to Dec. 31, 2002
			(Below CFAF 5 million)
Public deposits ^2/				Determined by agreement
Private deposits
	Time deposits
		Less than six months	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/
		Six months to less than one year	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/
		One year or more	…^3/	…^3/	…^3/	…^3/	…^3/
	Certificates of deposit
		Six months to less than one year	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/
		One year or more	…^3/	…^3/	…^3/	…^3/	…^2/
	Savings deposits ^5/		8.0	5.0	4.5	3.5	3.5
			(Above CFAF 5 million)
Private deposits
	Time deposits
		Less than six months	…^3/	…^3/	…^3/	…^3/	…^3/
		Six months to less than one year	…^3/	…^3/	…^3/	…^3/	…^3/
		One year or more	…^3/	…^3/	…^3/	…^3/	…^3/
	Certificates of deposit
		Six months to less than one year	…^3/	…^3/	…^3/	…^3/	…^3/
		One year and more	…^3/	…^3/	…^3/	…^3/	…^3/
	Savings deposits		…^3/	…^3/	…^3/	…^3/	…^3/

Source: Central Bank of West African States (BCEAO).

^{^1/}Fixed rates, unless marked with an asterisk (*), in which case it is a minimum rate.

^{^3/}Deposit rates no longer fixed by the Central Bank of West African States (BCEAO).

^{^4/}Monthly average money market rate (TMM), published by the BCEAO, minus 2 percent.

^{^5/}Applicable to savings deposits of less than CFAF 5 million.

Table 27.

Burkina Faso: Deposit Rates Applied by Commercial Banks, October 1994-December 2002 ^1/

(In percent per year)

			From	From	From	From	From
			Jan. 19,	July 8,	Sep. 26,	Apr.1,	Jan. 1, 1997
			1994	1994	1994	1996	to Dec. 31, 2002
			(Below CFAF 5 million)
Public deposits ^2/				Determined by agreement
Private deposits
	Time deposits
		Less than six months	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/
		Six months to less than one year	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/
		One year or more	…^3/	…^3/	…^3/	…^3/	…^3/
	Certificates of deposit
		Six months to less than one year	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/	TMM-2 ^4/
		One year or more	…^3/	…^3/	…^3/	…^3/	…^2/
	Savings deposits ^5/		8.0	5.0	4.5	3.5	3.5
			(Above CFAF 5 million)
Private deposits
	Time deposits
		Less than six months	…^3/	…^3/	…^3/	…^3/	…^3/
		Six months to less than one year	…^3/	…^3/	…^3/	…^3/	…^3/
		One year or more	…^3/	…^3/	…^3/	…^3/	…^3/
	Certificates of deposit
		Six months to less than one year	…^3/	…^3/	…^3/	…^3/	…^3/
		One year and more	…^3/	…^3/	…^3/	…^3/	…^3/
	Savings deposits		…^3/	…^3/	…^3/	…^3/	…^3/

Source: Central Bank of West African States (BCEAO).

^{^1/}Fixed rates, unless marked with an asterisk (*), in which case it is a minimum rate.

^{^3/}Deposit rates no longer fixed by the Central Bank of West African States (BCEAO).

^{^4/}Monthly average money market rate (TMM), published by the BCEAO, minus 2 percent.

^{^5/}Applicable to savings deposits of less than CFAF 5 million.

Table 28.

Burkina Faso: Balance of Payments, 1998-2002

Sources: Central Bank of West African States (BCEAO); and staff estimates and projections.

^{^1/}The World Bank program loans have been reclassified to budgetary program grants from 2003

^{^2/}Outstanding government bonds and T-bills issued on the regional market that are held by resident in countries other than Burkina Faso.

^{^3/}Includes portfolio investment and foreign direct investment.

^{^4/}In 2003-06, does not include the increase in liabilities owing to possible IMF disbursements.

^{^5/}In 2003-06, IMF financing is included in the financing gap.

^{^6/}Contentious debt in negotiation with non-Paris Club creditors.

^{^7/}Includes IMF financing in 2003-06.

^{^8/}In percent of exports of goods and non factor services.

Table 28.

Burkina Faso: Balance of Payments, 1998-2002

					1998	1999	2000	2001	2002
									Est.
					(In billions of CFA francs)
Exports, f.o.b.					190.6	156.2	146.4	163.8	164.2
	Of which: cotton				120.9	83.6	72.2	96.0	88.8
				gold	9.5	9.2	6.2	2.2	3.9
Imports, f.o.b.					−374.2	−357.4	−368.6	−373.3	−381.7
	Of which: capital goods				−114.5	−125.0	−122.8	−115.5	−124.5
Trade balance					−183.6	−201.2	−222.2	−209.5	−217.5
Services and income (net)					−80.5	−82.0	−91.5	−94.6	−89.0
	Services				−73.5	−70.8	−77.3	−76.7	−75.9
	Income				−7.0	−11.3	−14.3	−17.9	−13.1
		Of which: interest payments			−10.2	−11.1	−13.2	−15.8	−13.8
			Of which: budget		−10.2	−10.4	−13.1	−12.5	−12.9
Current transfers (net)					106.5	85.7	86.8	90.8	81.7
	Private				38.9	36.8	35.6	25.8	25.0
		Of which; workers’ remittances (gross)			54.4	50.3	44.5	32.0	30.0
	Official				67.6	48.9	51.2	65.0	56.7
		Of which: budgetary (program grants) ^1/			24.5	28.1	24.5	29.2	35.6
Current account (deficit = -)					−157.6	−197.5	−227.0	−213.3	−224.8
	Excluding current official transfers				−225.2	−246.5	−278.1	−278.3	−281.5
Capital transfers					128.9	120.4	115.4	126.0	92.1
	Project grants				123.9	117.4	111.9	121.1	88.7
	Other capital transfers				5.0	3.0	3.5	5.0	3.4
Financial operations					35.9	69.5	69.3	80.2	116.6
	Official capital				49.6	64.0	39.5	63.7	73.9
		Disbursements			69.6	90.2	60.7	89.1	101.3
			Project loans		16.6	19.1	0.0	35.5	54.7
			Program loans ^1/		16.6	19.1	0.0	35.5	54.7
		Amortization			−25.0	−31.2	−22.7	−27.2	−32.6
	Government securities ^2/				…	…	…	…	14.3
	Private capital ^3/				−13.7	5.5	29.8	16.5	28.5
Errors and omissions					−30.8	−5.7	−5.3	−17.0	3.7
Overall balance					−23.7	−13.3	−47.5	−24.1	−26.6
Financing					23.7	13.3	47.5	24.1	12.4
	Net foreign assets				20.9	9.1	37.7	−2.4	−8.4
		Net official reserves ^4/			12.7	21.5	37.6	−22.5	−1.0
			Of which: gross official reserves		3.8	14.6	39.3	−28.7	−2.3
			Of which: IMF (net)		8.9	7.0	−1.7	6.2	1.3
				Use of resources ^5/	13.3	12.2	5.6	16.8	12.0
				Repayments	−2.2	−3.9	−7.5	−10.1	−10.4
		Net foreign assets, commercial banks			8.2	−12.4	0.2	20.1	−7.4
	Change in arrears (reduction = -)				0.0	0.0	0.0	0.0	0.0
	HIPC Initiative				0.0	0.0	7.2	26.5	20.8
	Debt under discussion ^6/				2.8	4.2	2.6	0.0	0.0
	Financing gap ^7/				0.0	0.0	0.0	0.0	0.0
Memorandum items:					(In percent of GDP; unless otherwise indicated)
	Trade balance (deficit = -)				−11.1	−11.6	−12.0	−10.3	−10.0
	Cotton export volume (thousands of metric tons)				138.9	114.7	109.1	113.3	141.9
	Current account (deficit = -)				−9.6	−11.4	−12.3	−10.5	−10.3
			Excluding current official transfers		−13.7	−14.2	−15.0	−13.6	−12.9
	Overall balance (deficit = -)				−1.4	−0.8	−2.6	−1.2	−1.2
	Total debt-service ratio before HIPC ^8/				15.0	23.0	24.5	26.5	26.4
	Total debt-service ratio after HIPC ^8/				n.a.	23.0	20.3	12.6	15.4
	Debt-service ratio after HIPC (in percent of government revenue)				n.a.	10.7	12.9	11.0	12.0
	Gross international reserves (in billions of CFA francs)				210.1	192.2	171.3	194.0	196.3
			In months of imports of goods, c.i.f.		7.1	6.3	5.5	6.1	5.5
			In months of imports of goods and services		5.4	5.1	4.3	4.2	4.3
	GDP at current prices (in billions of CFA francs)				1,649	1,731	1,852	2,040	2,179

Sources: Central Bank of West African States (BCEAO); and staff estimates and projections.

^{^1/}The World Bank program loans have been reclassified to budgetary program grants from 2003

^{^2/}Outstanding government bonds and T-bills issued on the regional market that are held by resident in countries other than Burkina Faso.

^{^3/}Includes portfolio investment and foreign direct investment.

^{^4/}In 2003-06, does not include the increase in liabilities owing to possible IMF disbursements.

^{^5/}In 2003-06, IMF financing is included in the financing gap.

^{^6/}Contentious debt in negotiation with non-Paris Club creditors.

^{^7/}Includes IMF financing in 2003-06.

^{^8/}In percent of exports of goods and non factor services.

Table 28.

Burkina Faso: Balance of Payments, 1998-2002

					1998	1999	2000	2001	2002
									Est.
					(In billions of CFA francs)
Exports, f.o.b.					190.6	156.2	146.4	163.8	164.2
	Of which: cotton				120.9	83.6	72.2	96.0	88.8
				gold	9.5	9.2	6.2	2.2	3.9
Imports, f.o.b.					−374.2	−357.4	−368.6	−373.3	−381.7
	Of which: capital goods				−114.5	−125.0	−122.8	−115.5	−124.5
Trade balance					−183.6	−201.2	−222.2	−209.5	−217.5
Services and income (net)					−80.5	−82.0	−91.5	−94.6	−89.0
	Services				−73.5	−70.8	−77.3	−76.7	−75.9
	Income				−7.0	−11.3	−14.3	−17.9	−13.1
		Of which: interest payments			−10.2	−11.1	−13.2	−15.8	−13.8
			Of which: budget		−10.2	−10.4	−13.1	−12.5	−12.9
Current transfers (net)					106.5	85.7	86.8	90.8	81.7
	Private				38.9	36.8	35.6	25.8	25.0
		Of which; workers’ remittances (gross)			54.4	50.3	44.5	32.0	30.0
	Official				67.6	48.9	51.2	65.0	56.7
		Of which: budgetary (program grants) ^1/			24.5	28.1	24.5	29.2	35.6
Current account (deficit = -)					−157.6	−197.5	−227.0	−213.3	−224.8
	Excluding current official transfers				−225.2	−246.5	−278.1	−278.3	−281.5
Capital transfers					128.9	120.4	115.4	126.0	92.1
	Project grants				123.9	117.4	111.9	121.1	88.7
	Other capital transfers				5.0	3.0	3.5	5.0	3.4
Financial operations					35.9	69.5	69.3	80.2	116.6
	Official capital				49.6	64.0	39.5	63.7	73.9
		Disbursements			69.6	90.2	60.7	89.1	101.3
			Project loans		16.6	19.1	0.0	35.5	54.7
			Program loans ^1/		16.6	19.1	0.0	35.5	54.7
		Amortization			−25.0	−31.2	−22.7	−27.2	−32.6
	Government securities ^2/				…	…	…	…	14.3
	Private capital ^3/				−13.7	5.5	29.8	16.5	28.5
Errors and omissions					−30.8	−5.7	−5.3	−17.0	3.7
Overall balance					−23.7	−13.3	−47.5	−24.1	−26.6
Financing					23.7	13.3	47.5	24.1	12.4
	Net foreign assets				20.9	9.1	37.7	−2.4	−8.4
		Net official reserves ^4/			12.7	21.5	37.6	−22.5	−1.0
			Of which: gross official reserves		3.8	14.6	39.3	−28.7	−2.3
			Of which: IMF (net)		8.9	7.0	−1.7	6.2	1.3
				Use of resources ^5/	13.3	12.2	5.6	16.8	12.0
				Repayments	−2.2	−3.9	−7.5	−10.1	−10.4
		Net foreign assets, commercial banks			8.2	−12.4	0.2	20.1	−7.4
	Change in arrears (reduction = -)				0.0	0.0	0.0	0.0	0.0
	HIPC Initiative				0.0	0.0	7.2	26.5	20.8
	Debt under discussion ^6/				2.8	4.2	2.6	0.0	0.0
	Financing gap ^7/				0.0	0.0	0.0	0.0	0.0
Memorandum items:					(In percent of GDP; unless otherwise indicated)
	Trade balance (deficit = -)				−11.1	−11.6	−12.0	−10.3	−10.0
	Cotton export volume (thousands of metric tons)				138.9	114.7	109.1	113.3	141.9
	Current account (deficit = -)				−9.6	−11.4	−12.3	−10.5	−10.3
			Excluding current official transfers		−13.7	−14.2	−15.0	−13.6	−12.9
	Overall balance (deficit = -)				−1.4	−0.8	−2.6	−1.2	−1.2
	Total debt-service ratio before HIPC ^8/				15.0	23.0	24.5	26.5	26.4
	Total debt-service ratio after HIPC ^8/				n.a.	23.0	20.3	12.6	15.4
	Debt-service ratio after HIPC (in percent of government revenue)				n.a.	10.7	12.9	11.0	12.0
	Gross international reserves (in billions of CFA francs)				210.1	192.2	171.3	194.0	196.3
			In months of imports of goods, c.i.f.		7.1	6.3	5.5	6.1	5.5
			In months of imports of goods and services		5.4	5.1	4.3	4.2	4.3
	GDP at current prices (in billions of CFA francs)				1,649	1,731	1,852	2,040	2,179

Sources: Central Bank of West African States (BCEAO); and staff estimates and projections.

^{^1/}The World Bank program loans have been reclassified to budgetary program grants from 2003

^{^2/}Outstanding government bonds and T-bills issued on the regional market that are held by resident in countries other than Burkina Faso.

^{^3/}Includes portfolio investment and foreign direct investment.

^{^4/}In 2003-06, does not include the increase in liabilities owing to possible IMF disbursements.

^{^5/}In 2003-06, IMF financing is included in the financing gap.

^{^6/}Contentious debt in negotiation with non-Paris Club creditors.

^{^7/}Includes IMF financing in 2003-06.

^{^8/}In percent of exports of goods and non factor services.

Table 29.

Burkina Faso: Balance of Payments, 1998-2002

Sources: Central Bank of West African States (BCEAO); and staff estimates and projections.

^{^1/}The World Bank program loans have been reclassified to budgetary program grants from 2003

^{^2/}Outstanding government bonds and T-bills issued on the regional market that are held by resident in countries other than Burkina Faso.

^{^3/}Includes portfolio investment and foreign direct investment.

^{^4/}In 2003-06, does not include the increase in liabilities owing to possible IMF disbursements.

^{^5/}In 2003-06, IMF financing is included in the financing gap.

^{^6/}Contentious debt in negotiation with non-Paris Club creditors.

^{^7/}Includes IMF financing in 2003-06.

^{^8/}In percent of exports of goods and non factor services.

Table 29.

Burkina Faso: Balance of Payments, 1998-2002

					1998	1999	2000	2001	2002
									Est.
						(In millions of SDRs)
Exports, f.o.b.					238.2	185.8	156.3	175.7	182.5
	Of which: cotton				151.1	99.4	77.1	103.0	98.7
				gold
Imports, f.o.b.					167.7	−425.1	−393.6	−400.4	−424.3
	Of which: capital goods				−143.1	−148.7	−131.1	−123.8	−138.4
Trade balance					−229.5	−239.3	−237.3	−224.7	−258.7
Services and income (net)					−100.6	−97.6	−97.8	−101.5	−105.9
	Services				−91.8	−84.2	−82.5	−82.3	−90.3
	Income				−8.8	−13.4	−15.3	−19.2	−15.6
		Of which: interest payments			−12.7	−13.2	−14.1	−16.9	−16.4
			Of which: budget		−12.7	−12.4	−14.0	−13.4	−15.3
Current transfers (net)					133.1	101.9	92.7	97.4	97.2
	Private				48.6	43.7	38.0	27.7	29.7
		Of which: workers’ remittances (gross)			68.0	59.8	47.5	34.3	35.7
	Official				84.5	58.2	54.6	69.7	67.5
		Of which: budgetary (program grants) ^1/			24.5	28.1	24.5	29.2	35.6
Current account (deficit = -)					−197.0	−235.0	−242.4	−228.8	−267.3
	Excluding current official transfers				−281.4	−293.2	−297.0	−298.5	−334.8
Capital transfers					161.1	143.2	123.2	135.2	109.5
	Project grants				154.8	139.7	119.5	129.9	105.5
	Other capital transfers				6.2	3.5	3.7	5.3	4.0
Financial operations					44.8	82.6	74.0	86.0	138.6
	Official capital				62.0	76.1	42.2	68.3	87.8
		Disbursements			87.0	107.2	64.9	95.5	120.5
			Project loans		16.6	19.1	0.0	35.5	54.7
			Program loans ^1/		16.6	19.1	0.0	35.5	54.7
		Amortization			−25.0	−31.2	−22.7	−27.2	−32.6
	Government securities ^2/				…	…	…	…	16.9
	Private capital ^3/				−17.2	6.5	31.8	17.7	33.8
Error; and omissions					−38.5	−6.8	−5.7	−18.3	4.4
Overall balance					−29.6	−15.9	−50.8	−25.8	−31.7
Financing					29.6	15.9	50.8	25.8	14.7
	Net foreign assets				26.1	10.9	40.3	−2.6	−10.0
		Net official reserves ^4/			15.8	25.6	40.1	−24.1	−1.2
			Of which: gross official reserves		4.7	17.3	42.0	−30.8	−2.7
			Of which: IMF (net)		11.1	8.3	−1.9	6.7	1.5
				Use of resources ^5/	13.3	12.2	5.6	16.8	12.0
				Repayments	−2.2	−3.9	−7.5	−10.1	−10.4
		Net foreign assets, commercial banks			10.3	−14.7	0.2	21.5	8.8
	Change in arrears (reduction = -)				0.0	0.0	0.0	0.0	0.0
	HIPC Initiative				0.0	0.0	7.7	28.4	24.7
	Debt under discussion ^6/				3.5	5.0	2.8	0.0	0.0
	Financing gap ^7/				0.0	0.0	0.0	0.0	0.0
Memorandum items:					(In percent of GDP; unless otherwise indicated)
	Trade balance (deficit = -)				−13.9	−13.8	−12.8	−11.0	−11.9
	Cotton export volume (thousands of metric tons)
	Current account (deficit = -)				−11.9	−13.6	−13.1	−11.2	−12.3
			Excluding current official transfers		−17.1	−16.9	−16.0	−14.6	−15.4
	Overall balance (deficit = -)				−1.8	−0.9	−2.7	−1.3	−1.5
	Total debt-service ratio before HIPC ^8/				18.7	27.3	26.2	28.5	31.4
	Total debt-service ratio after HIPC ^8/				0.0	27.3	21.6	13.6	18.4
	Debt-service ratio after HIPC (in percent of government revenue)
	Gross international reserves (in billions of CFA francs)				262.6	228.6	182.9	208.1	233.5
				In months of imports of goods, c.i.f.	8.8	7.4	5.9	6.5	6.6
	GDP at current prices (in billions of CFA francs)				2,060	2,059	1,977	2,188	2,592

Sources: Central Bank of West African States (BCEAO); and staff estimates and projections.

^{^1/}The World Bank program loans have been reclassified to budgetary program grants from 2003

^{^2/}Outstanding government bonds and T-bills issued on the regional market that are held by resident in countries other than Burkina Faso.

^{^3/}Includes portfolio investment and foreign direct investment.

^{^4/}In 2003-06, does not include the increase in liabilities owing to possible IMF disbursements.

^{^5/}In 2003-06, IMF financing is included in the financing gap.

^{^6/}Contentious debt in negotiation with non-Paris Club creditors.

^{^7/}Includes IMF financing in 2003-06.

^{^8/}In percent of exports of goods and non factor services.

Table 29.

Burkina Faso: Balance of Payments, 1998-2002

					1998	1999	2000	2001	2002
									Est.
						(In millions of SDRs)
Exports, f.o.b.					238.2	185.8	156.3	175.7	182.5
	Of which: cotton				151.1	99.4	77.1	103.0	98.7
				gold
Imports, f.o.b.					167.7	−425.1	−393.6	−400.4	−424.3
	Of which: capital goods				−143.1	−148.7	−131.1	−123.8	−138.4
Trade balance					−229.5	−239.3	−237.3	−224.7	−258.7
Services and income (net)					−100.6	−97.6	−97.8	−101.5	−105.9
	Services				−91.8	−84.2	−82.5	−82.3	−90.3
	Income				−8.8	−13.4	−15.3	−19.2	−15.6
		Of which: interest payments			−12.7	−13.2	−14.1	−16.9	−16.4
			Of which: budget		−12.7	−12.4	−14.0	−13.4	−15.3
Current transfers (net)					133.1	101.9	92.7	97.4	97.2
	Private				48.6	43.7	38.0	27.7	29.7
		Of which: workers’ remittances (gross)			68.0	59.8	47.5	34.3	35.7
	Official				84.5	58.2	54.6	69.7	67.5
		Of which: budgetary (program grants) ^1/			24.5	28.1	24.5	29.2	35.6
Current account (deficit = -)					−197.0	−235.0	−242.4	−228.8	−267.3
	Excluding current official transfers				−281.4	−293.2	−297.0	−298.5	−334.8
Capital transfers					161.1	143.2	123.2	135.2	109.5
	Project grants				154.8	139.7	119.5	129.9	105.5
	Other capital transfers				6.2	3.5	3.7	5.3	4.0
Financial operations					44.8	82.6	74.0	86.0	138.6
	Official capital				62.0	76.1	42.2	68.3	87.8
		Disbursements			87.0	107.2	64.9	95.5	120.5
			Project loans		16.6	19.1	0.0	35.5	54.7
			Program loans ^1/		16.6	19.1	0.0	35.5	54.7
		Amortization			−25.0	−31.2	−22.7	−27.2	−32.6
	Government securities ^2/				…	…	…	…	16.9
	Private capital ^3/				−17.2	6.5	31.8	17.7	33.8
Error; and omissions					−38.5	−6.8	−5.7	−18.3	4.4
Overall balance					−29.6	−15.9	−50.8	−25.8	−31.7
Financing					29.6	15.9	50.8	25.8	14.7
	Net foreign assets				26.1	10.9	40.3	−2.6	−10.0
		Net official reserves ^4/			15.8	25.6	40.1	−24.1	−1.2
			Of which: gross official reserves		4.7	17.3	42.0	−30.8	−2.7
			Of which: IMF (net)		11.1	8.3	−1.9	6.7	1.5
				Use of resources ^5/	13.3	12.2	5.6	16.8	12.0
				Repayments	−2.2	−3.9	−7.5	−10.1	−10.4
		Net foreign assets, commercial banks			10.3	−14.7	0.2	21.5	8.8
	Change in arrears (reduction = -)				0.0	0.0	0.0	0.0	0.0
	HIPC Initiative				0.0	0.0	7.7	28.4	24.7
	Debt under discussion ^6/				3.5	5.0	2.8	0.0	0.0
	Financing gap ^7/				0.0	0.0	0.0	0.0	0.0
Memorandum items:					(In percent of GDP; unless otherwise indicated)
	Trade balance (deficit = -)				−13.9	−13.8	−12.8	−11.0	−11.9
	Cotton export volume (thousands of metric tons)
	Current account (deficit = -)				−11.9	−13.6	−13.1	−11.2	−12.3
			Excluding current official transfers		−17.1	−16.9	−16.0	−14.6	−15.4
	Overall balance (deficit = -)				−1.8	−0.9	−2.7	−1.3	−1.5
	Total debt-service ratio before HIPC ^8/				18.7	27.3	26.2	28.5	31.4
	Total debt-service ratio after HIPC ^8/				0.0	27.3	21.6	13.6	18.4
	Debt-service ratio after HIPC (in percent of government revenue)
	Gross international reserves (in billions of CFA francs)				262.6	228.6	182.9	208.1	233.5
				In months of imports of goods, c.i.f.	8.8	7.4	5.9	6.5	6.6
	GDP at current prices (in billions of CFA francs)				2,060	2,059	1,977	2,188	2,592

Sources: Central Bank of West African States (BCEAO); and staff estimates and projections.

^{^1/}The World Bank program loans have been reclassified to budgetary program grants from 2003

^{^2/}Outstanding government bonds and T-bills issued on the regional market that are held by resident in countries other than Burkina Faso.

^{^3/}Includes portfolio investment and foreign direct investment.

^{^4/}In 2003-06, does not include the increase in liabilities owing to possible IMF disbursements.

^{^5/}In 2003-06, IMF financing is included in the financing gap.

^{^6/}Contentious debt in negotiation with non-Paris Club creditors.

^{^7/}Includes IMF financing in 2003-06.

^{^8/}In percent of exports of goods and non factor services.

Table 30.

Burkina Faso: Composition of Exports, 1998-2002

Source: Central Bank of West African States (BCEAO).

Table 30.

Burkina Faso: Composition of Exports, 1998-2002

				1998	1999	2000	2001	2002
								Est.
				(Unless otherwise indicated, value in billions of CFA francs, volume in thousands of tons, and price in CFA francs per kilogram)
Total exports, f.o.b.				190.6	156.2	146.4	163.8	164.2
	Cotton			120.9	83.6	72.2	96.0	88.8
		Volume		138.9	114.7	109.1	113.3	141.9
		Price		870.4	728.7	662.0	847.1	625.8
	Livestock products			27.2	29.3	32.1	31.0	34.4
		Live animals		14.7	15.8	16.5	16.5	14.4
			Heads (1000)	300.0	310.0	315.0	315.0	335.0
			Price (1000 CFAF/head)	49.1	51.0	52.4	52.4	42.9
		Meats and slaughtered animals		1.6	1.7	1.8	3.0	2.0
			Volume	1.0	1.1	1.1	2.0	2.0
			Price	1,500.0	1,607.0	1,607.0	1,507.0	1,000.0
		Leather and hides		10.9	11.7	13.8	11.4	18.0
			Volume	3.3	3.4	4.0	3.1	4.5
			Price	3,300.0	3,447.3	3,450.0	3,697.6	3,997.6
		Gold		9.5	9.2	6.2	2.2	3.9
			Volume (metric tons)	1.6	1.8	1.0	0.3	0.6
			Price (1000 CFAF/kg)	5,937.5	5,124.2	6,230.8	6,389.3	6,246.9
		Other		33.0	34.1	35.9	34.7	37.1
				(In percent of total exports)
		Cotton		63.4	53.5	49.3	58.6	54.1
		Livestock products		14.3	18.7	21.9	18.9	20.9
			Live animals	7.7	10.1	11.3	10.1	8.8
			Meats and slaughtered animals	0.8	1.1	1.2	1.8	1.2
			Leather and hides	5.7	7.5	9.4	7.0	11.0
		Gold		5.0	5.9	4.2	1.3	2.4
		Other		17.3	21.8	24.5	21.2	22.6
	Total			100.0	100.0	100.0	100.0	100.0
				(Percentage change)
	Total exports, f.o.b.
		Cotton		62.0	−30.9	−7.8	18.8	−7.7
		Livestock products		−0.2	8.2	17.1	−13.9	10.8
		Gold		5.5	−2.9	−28.3	−68.3	77.0

Source: Central Bank of West African States (BCEAO).

Table 30.

Burkina Faso: Composition of Exports, 1998-2002

				1998	1999	2000	2001	2002
								Est.
				(Unless otherwise indicated, value in billions of CFA francs, volume in thousands of tons, and price in CFA francs per kilogram)
Total exports, f.o.b.				190.6	156.2	146.4	163.8	164.2
	Cotton			120.9	83.6	72.2	96.0	88.8
		Volume		138.9	114.7	109.1	113.3	141.9
		Price		870.4	728.7	662.0	847.1	625.8
	Livestock products			27.2	29.3	32.1	31.0	34.4
		Live animals		14.7	15.8	16.5	16.5	14.4
			Heads (1000)	300.0	310.0	315.0	315.0	335.0
			Price (1000 CFAF/head)	49.1	51.0	52.4	52.4	42.9
		Meats and slaughtered animals		1.6	1.7	1.8	3.0	2.0
			Volume	1.0	1.1	1.1	2.0	2.0
			Price	1,500.0	1,607.0	1,607.0	1,507.0	1,000.0
		Leather and hides		10.9	11.7	13.8	11.4	18.0
			Volume	3.3	3.4	4.0	3.1	4.5
			Price	3,300.0	3,447.3	3,450.0	3,697.6	3,997.6
		Gold		9.5	9.2	6.2	2.2	3.9
			Volume (metric tons)	1.6	1.8	1.0	0.3	0.6
			Price (1000 CFAF/kg)	5,937.5	5,124.2	6,230.8	6,389.3	6,246.9
		Other		33.0	34.1	35.9	34.7	37.1
				(In percent of total exports)
		Cotton		63.4	53.5	49.3	58.6	54.1
		Livestock products		14.3	18.7	21.9	18.9	20.9
			Live animals	7.7	10.1	11.3	10.1	8.8
			Meats and slaughtered animals	0.8	1.1	1.2	1.8	1.2
			Leather and hides	5.7	7.5	9.4	7.0	11.0
		Gold		5.0	5.9	4.2	1.3	2.4
		Other		17.3	21.8	24.5	21.2	22.6
	Total			100.0	100.0	100.0	100.0	100.0
				(Percentage change)
	Total exports, f.o.b.
		Cotton		62.0	−30.9	−7.8	18.8	−7.7
		Livestock products		−0.2	8.2	17.1	−13.9	10.8
		Gold		5.5	−2.9	−28.3	−68.3	77.0

Source: Central Bank of West African States (BCEAO).

Table 31.

Burkina Faso: Composition of Imports, 1998-2002

Sources: Central Bank of West African States (BCEAO); and staff estimates.

^{^1/}Including adjustments for unrecorded imports.

Table 31.

Burkina Faso: Composition of Imports, 1998-2002

		1998	1999	2000	2001	2002
						Est.
		(In billions of CFA francs)
Total imports, f.o.b.		374.2	357.4	368.6	373.3	381.7
	Food products	65.0	45.5	45.0	53.6	48.5
	Petroleum products	42.0	62.4	65.0	67.9	71.0
	Capital equipment	114.5	125.0	122.8	115.5	124.5
	Raw materials	40.0	35.0	33.3	36.5	38.7
	Miscellaneous and unclassified ^1/	94.0	89.5	102.6	99.9	99.0
		(In percent of total)
Total imports, f.o.b.		100.0	100.0	100.0	100.0	100.0
	Food products	22.4	12.3	12.2	14.4	12.7
	Petroleum products	11.2	16.9	17.6	18.2	18.6
	Capital equipment	30.6	36.8	33.3	30.9	32.6
	Raw materials	10.7	9.5	9.0	9.8	10.1
	Miscellaneous and unclassified ^1/	25.1	24.4	27.8	26.8	25.9
		(Percentage change)
Total imports, f.o.b.		25.7	−1.5	3.1	1.3	2.3
	Food products	102.6	−45.6	−1.1	19.1	−9.5
	Petroleum products	4.8	48.6	4.1	4.4	4.6
	Capital equipment	26.7	18.6	−1.8	−6.0	7.8
	Raw materials	70.8	−12.5	−5.0	9.8	6.0
	Miscellaneous and unclassified ^1/	−8.3	−4.3	14.7	−2.6	−0.9

Sources: Central Bank of West African States (BCEAO); and staff estimates.

^{^1/}Including adjustments for unrecorded imports.

Table 31.

Burkina Faso: Composition of Imports, 1998-2002

		1998	1999	2000	2001	2002
						Est.
		(In billions of CFA francs)
Total imports, f.o.b.		374.2	357.4	368.6	373.3	381.7
	Food products	65.0	45.5	45.0	53.6	48.5
	Petroleum products	42.0	62.4	65.0	67.9	71.0
	Capital equipment	114.5	125.0	122.8	115.5	124.5
	Raw materials	40.0	35.0	33.3	36.5	38.7
	Miscellaneous and unclassified ^1/	94.0	89.5	102.6	99.9	99.0
		(In percent of total)
Total imports, f.o.b.		100.0	100.0	100.0	100.0	100.0
	Food products	22.4	12.3	12.2	14.4	12.7
	Petroleum products	11.2	16.9	17.6	18.2	18.6
	Capital equipment	30.6	36.8	33.3	30.9	32.6
	Raw materials	10.7	9.5	9.0	9.8	10.1
	Miscellaneous and unclassified ^1/	25.1	24.4	27.8	26.8	25.9
		(Percentage change)
Total imports, f.o.b.		25.7	−1.5	3.1	1.3	2.3
	Food products	102.6	−45.6	−1.1	19.1	−9.5
	Petroleum products	4.8	48.6	4.1	4.4	4.6
	Capital equipment	26.7	18.6	−1.8	−6.0	7.8
	Raw materials	70.8	−12.5	−5.0	9.8	6.0
	Miscellaneous and unclassified ^1/	−8.3	−4.3	14.7	−2.6	−0.9

Sources: Central Bank of West African States (BCEAO); and staff estimates.

^{^1/}Including adjustments for unrecorded imports.

Table 32.

Burkina Faso: Services and Transfers, 1998-2002

(In billions of CFA francs)

Sources: Central Bank of West African States (BCEAO); and staff estimates.

Table 32.

Burkina Faso: Services and Transfers, 1998-2002

(In billions of CFA francs)

				1998	1999	2000	2001	2002
								Est.
Services and income (net)				−80.5	−82.0	−91.5	−94.6	−89.0
	Income (net)			31.4	28.3	32.0	37.9	34.3
	Services (net)
	Services (net)			−73.5	−70.8	−77.3	−76.7	−75.9
		Credit		22.8	20.5	22.3	26.8	25.3
		Debit		−96.3	−91.3	−99.6	−103.5	−101.2
		Freight and insurance		−69.9	−61.2	−52.4	54.2	52.8
			Credit	0.0	0.0	0.0	0.0	0
			Debit	−69.9	−61.2	−52.4	−54.2	−52.8
		Other transport		−4.5	−4.9	−5.4	−6.7	−7.4
			Credit	2.6	2.5	2.6	3.5	3.7
			Debit	−7.1	−7.4	−8.0	−10.1	−11.1
		Travel		−1.0	−1.4	−0.6	−1.3	−0.3
			Credit	12.8	13.3	13.6	14.6	15.6
			Debit	−13.8	−14.7	−14.2	−15.9	−15.9
		Government services		−1.5	−2.7	−3.8	−1.5	−1.5
			Credit	1.8	0.8	2.1	3.1	3.2
			Debit	−3.2	−3.4	−5.9	−4.6	−4.7
		Other non factor services		3.4	−0.6	−15.1	−13.0	−13.5
			Credit	5.6	3.9	4.0	5.6	5.9
			Debit	−2.2	−4.5	−19.1	−18.7	−19.4
	Income (net)			−7.0	−11.3	−14.3	−17.9	−13.1
		Credit		8.5	7.8	9.6	11.2	9.0
		Debit		−15.6	−19.1	−23.9	−29.1	−22.1
Transfers (net)				235.4	206.1	212.0	211.9	173.8
	Private			43.9	39.7	39.1	25.8	28.4
		Credit		72.9	68.6	66.8	52.8	52.8
			Of which: workers’ remittances	54.4	50.3	44.5	32.0	30.0
		Debit		−29.0	−28.9	−27.8	−27.0	−24.4
	Official			191.5	166.4	172.9	186.1	145.4
		Credit		194.1	169.9	173.9	186.9	146.2
			Of which: capital grants	123.9	117.4	121.7	121.1	88.7
		Debit		−2.6	−3.5	−0.9	−0.8	−0.8

Sources: Central Bank of West African States (BCEAO); and staff estimates.

Table 32.

Burkina Faso: Services and Transfers, 1998-2002

(In billions of CFA francs)

				1998	1999	2000	2001	2002
								Est.
Services and income (net)				−80.5	−82.0	−91.5	−94.6	−89.0
	Income (net)			31.4	28.3	32.0	37.9	34.3
	Services (net)
	Services (net)			−73.5	−70.8	−77.3	−76.7	−75.9
		Credit		22.8	20.5	22.3	26.8	25.3
		Debit		−96.3	−91.3	−99.6	−103.5	−101.2
		Freight and insurance		−69.9	−61.2	−52.4	54.2	52.8
			Credit	0.0	0.0	0.0	0.0	0
			Debit	−69.9	−61.2	−52.4	−54.2	−52.8
		Other transport		−4.5	−4.9	−5.4	−6.7	−7.4
			Credit	2.6	2.5	2.6	3.5	3.7
			Debit	−7.1	−7.4	−8.0	−10.1	−11.1
		Travel		−1.0	−1.4	−0.6	−1.3	−0.3
			Credit	12.8	13.3	13.6	14.6	15.6
			Debit	−13.8	−14.7	−14.2	−15.9	−15.9
		Government services		−1.5	−2.7	−3.8	−1.5	−1.5
			Credit	1.8	0.8	2.1	3.1	3.2
			Debit	−3.2	−3.4	−5.9	−4.6	−4.7
		Other non factor services		3.4	−0.6	−15.1	−13.0	−13.5
			Credit	5.6	3.9	4.0	5.6	5.9
			Debit	−2.2	−4.5	−19.1	−18.7	−19.4
	Income (net)			−7.0	−11.3	−14.3	−17.9	−13.1
		Credit		8.5	7.8	9.6	11.2	9.0
		Debit		−15.6	−19.1	−23.9	−29.1	−22.1
Transfers (net)				235.4	206.1	212.0	211.9	173.8
	Private			43.9	39.7	39.1	25.8	28.4
		Credit		72.9	68.6	66.8	52.8	52.8
			Of which: workers’ remittances	54.4	50.3	44.5	32.0	30.0
		Debit		−29.0	−28.9	−27.8	−27.0	−24.4
	Official			191.5	166.4	172.9	186.1	145.4
		Credit		194.1	169.9	173.9	186.9	146.2
			Of which: capital grants	123.9	117.4	121.7	121.1	88.7
		Debit		−2.6	−3.5	−0.9	−0.8	−0.8

Sources: Central Bank of West African States (BCEAO); and staff estimates.

Table 33.

Burkina Faso: Direction of Recorded Exports, 1998-2002

Source: Central Bank of West African Slates (BCEAO).

Table 33.

Burkina Faso: Direction of Recorded Exports, 1998-2002

				1998	1999	2000	2001	2002
								Est.
					(In billions of CFA francs)
Europe				100.7	75.2	85.8	85.0	75.6
	European Community			51.9	40.2	48.9	46.8	72.7
		Of which: France		32.3	28.5	27.0	28.7	53.7
			Belgium/Luxembourg	15.2	6.9	10.5	5.1	1.6
			Germany	0.4	0.6	0.4	0.9	0.9
			Italy	0.3	1.4	5.0	6.0	2.3
			Denmark	0.3	n.a.	n.a.	0.1	0.4
			United Kingdom	0.2	0.1	1.9	4.0	1.7
	Other			48.8	35.1	36.9	40.3	2.9
Africa				27.0	42.0	29.7	29.5	27.8
	West African Monetary Union			22.5	38.0	27.3	25.0	23.7
		Of which: Cote d’Ivoire		13.7	32.8	14.0	9.4	10.9
			Niger	1.4	0.6	4.3	6.5	2.6
			Togo	2.1	0.8	2.0	1.6	0.5
			Mali	2.4	3.5	6.3	5.1	4.8
			Benin	2.6	0.2	0.2	1.1	0.5
			Ghana	3.0	1.9	1.9	3.0	2.6
			Nigeria	1.1	1.2	0.1	0.1	1.2
			Other	0.4	0.9	0.4	1.4	0.3
Western Hemisphere				4.0	0.2	0.7	1.1	1.2
		Of which: United States		0.2	0.1	0.5	0.8	0.7
			Canada	0.0	0.1	0.1	0.3	0.1
			Colombia	3.7	…	…	0.0	0.0
Asia				8.2	5.9	8.8	10.7	10.8
		Of which
		China, People’s Republic of		0.0	n.a.	0.0	0.4	2.1
		Taiwan, Province of China		0.0	…	…	0.0	0.0
		Japan		0.4	0.9	1.7	1.9	3.5
		Hong Kong, China		0.0	…	…	0.4	…
		Indonesia		0.0	0.0	0.0	0.0	…
		Singapore		7.8	3.5	7.0	8.1	6.0
Other countries				0.2	0.0	0.1	10.1	3.1
Total				140.0	123.4	125.0	136.4	118.6
				(In percent of total)
Europe				71.9	61.0	68.6	62.3	63.8
	European Community			37.1	32.6	39.1	34.3	61.3
		Of which: France		23.1	23.1	21.6	21.0	45.3
			Belgium/Luxembourg	10.8	5.6	8.4	3.8	1.3
			Germany	0.3	0.5	0.3	0.7	0.7
			Italy	0.2	2.0	4.0	4.4	1.9
			Denmark	0.2	…	…	0.1	0.3
			United Kingdom	0.1	0.1	1.5	2.9	1.4
	Other			34.9	28.4	29.5	29.5	2.5
Africa				19.2	34.0	23.8	21.6	23.5
	West African Monetary Union			16.0	30.8	21.8	18.4	20.0
		Of which; Côte d’Ivoire		9.8	26.6	11.2	6.9	9.2
			Niger	1.0	0.5	3.5	4.8	2.2
			Togo	1.5	0.6	1.6	1.1	0.4
			Mali	1.7	2.9	5.0	3.7	4.1
			Benin	1.9	0.2	0.1	0.8	0.4
			Ghana	2.1	1.5	1.5	2.2	2.2
			Nigeria	0.7	1.0	0.1	0.1	1.0
			Other	0.3	0.7	0.4	1.0	0.3
Western Hemisphere				2.8	0.2	0.5	0.8	1.0
	Of which: United Stales			0.2	0.1	0.4	0.6	0.6
			Canada	0.0	0.1	0.0	0.2	0.1
			Colombia	2.0	…	…	0.0	0.0
Asia				5.9	4.8	7.0	7.8	9.1
	Of which			0.0	0.0	0.0	0.3	1.8
		China, People’s Republic of		0.0	0.0	0.0	0.0	0.0
		Taiwan, Province of China		0.3	0.7	1.3	1.4	2.9
		Japan		0.0	…	…	0.3	…
		Hong Kong, China		0.0	0.0	0.0	0.0	…
		Indonesia		5.6	2.9	5.6	5.9	5.0
		Singapore
Other countries				0.1	0.0	0.1	7.4	2.6
Total				100.0	100.0	100.0	100.0	100.0

Source: Central Bank of West African Slates (BCEAO).

Table 33.

Burkina Faso: Direction of Recorded Exports, 1998-2002

				1998	1999	2000	2001	2002
								Est.
					(In billions of CFA francs)
Europe				100.7	75.2	85.8	85.0	75.6
	European Community			51.9	40.2	48.9	46.8	72.7
		Of which: France		32.3	28.5	27.0	28.7	53.7
			Belgium/Luxembourg	15.2	6.9	10.5	5.1	1.6
			Germany	0.4	0.6	0.4	0.9	0.9
			Italy	0.3	1.4	5.0	6.0	2.3
			Denmark	0.3	n.a.	n.a.	0.1	0.4
			United Kingdom	0.2	0.1	1.9	4.0	1.7
	Other			48.8	35.1	36.9	40.3	2.9
Africa				27.0	42.0	29.7	29.5	27.8
	West African Monetary Union			22.5	38.0	27.3	25.0	23.7
		Of which: Cote d’Ivoire		13.7	32.8	14.0	9.4	10.9
			Niger	1.4	0.6	4.3	6.5	2.6
			Togo	2.1	0.8	2.0	1.6	0.5
			Mali	2.4	3.5	6.3	5.1	4.8
			Benin	2.6	0.2	0.2	1.1	0.5
			Ghana	3.0	1.9	1.9	3.0	2.6
			Nigeria	1.1	1.2	0.1	0.1	1.2
			Other	0.4	0.9	0.4	1.4	0.3
Western Hemisphere				4.0	0.2	0.7	1.1	1.2
		Of which: United States		0.2	0.1	0.5	0.8	0.7
			Canada	0.0	0.1	0.1	0.3	0.1
			Colombia	3.7	…	…	0.0	0.0
Asia				8.2	5.9	8.8	10.7	10.8
		Of which
		China, People’s Republic of		0.0	n.a.	0.0	0.4	2.1
		Taiwan, Province of China		0.0	…	…	0.0	0.0
		Japan		0.4	0.9	1.7	1.9	3.5
		Hong Kong, China		0.0	…	…	0.4	…
		Indonesia		0.0	0.0	0.0	0.0	…
		Singapore		7.8	3.5	7.0	8.1	6.0
Other countries				0.2	0.0	0.1	10.1	3.1
Total				140.0	123.4	125.0	136.4	118.6
				(In percent of total)
Europe				71.9	61.0	68.6	62.3	63.8
	European Community			37.1	32.6	39.1	34.3	61.3
		Of which: France		23.1	23.1	21.6	21.0	45.3
			Belgium/Luxembourg	10.8	5.6	8.4	3.8	1.3
			Germany	0.3	0.5	0.3	0.7	0.7
			Italy	0.2	2.0	4.0	4.4	1.9
			Denmark	0.2	…	…	0.1	0.3
			United Kingdom	0.1	0.1	1.5	2.9	1.4
	Other			34.9	28.4	29.5	29.5	2.5
Africa				19.2	34.0	23.8	21.6	23.5
	West African Monetary Union			16.0	30.8	21.8	18.4	20.0
		Of which; Côte d’Ivoire		9.8	26.6	11.2	6.9	9.2
			Niger	1.0	0.5	3.5	4.8	2.2
			Togo	1.5	0.6	1.6	1.1	0.4
			Mali	1.7	2.9	5.0	3.7	4.1
			Benin	1.9	0.2	0.1	0.8	0.4
			Ghana	2.1	1.5	1.5	2.2	2.2
			Nigeria	0.7	1.0	0.1	0.1	1.0
			Other	0.3	0.7	0.4	1.0	0.3
Western Hemisphere				2.8	0.2	0.5	0.8	1.0
	Of which: United Stales			0.2	0.1	0.4	0.6	0.6
			Canada	0.0	0.1	0.0	0.2	0.1
			Colombia	2.0	…	…	0.0	0.0
Asia				5.9	4.8	7.0	7.8	9.1
	Of which			0.0	0.0	0.0	0.3	1.8
		China, People’s Republic of		0.0	0.0	0.0	0.0	0.0
		Taiwan, Province of China		0.3	0.7	1.3	1.4	2.9
		Japan		0.0	…	…	0.3	…
		Hong Kong, China		0.0	0.0	0.0	0.0	…
		Indonesia		5.6	2.9	5.6	5.9	5.0
		Singapore
Other countries				0.1	0.0	0.1	7.4	2.6
Total				100.0	100.0	100.0	100.0	100.0

Source: Central Bank of West African Slates (BCEAO).

Table 34.

Burkina Faso: Origin of Recorded Imports, c.i.f., 1998-2002

Source: Central Bank of West African States (BCEAO).

Table 34.

Burkina Faso: Origin of Recorded Imports, c.i.f., 1998-2002

				1998	1999	2000	2001	2002
								Est
					(In billions of CFA francs)
Europe				194.7	163.7	164.9	167.8	142.2
	European Community			182.1	153.4	156.2	155.3	141.5
		Of which: France		115.2	91.7	82.7	84.8	86.3
			Germany	11.1	12.2	13.3	13.5	26.7
			Netherlands	11.4	8.4	7.8	7.7	10.4
			Belgium/Luxembourg	8.9	8.7	10.5	7.9	12.3
			United Kingdom	5.3	7.3	9.7	8.6	7.2
			Italy	12.8	7.9	11.5	10.8	8.4
	Other			12.6	10.3	8.6	12.5	0.7
Africa				99.0	89.7	130.5	132.2	136.3
	West African Monetary Union			85.0	79.1	100.6	108.6	116.2
		Of which: Côte d’Ivoire		67.0	66.8	83.8	89.5	83.1
			Senegal	4.2	4.4	5.7	3.3	2.3
			Togo	5.3	6.8	9.8	13.5	12.5
			Mali	1.6	0.5	0.5	1.0	0.4
			Ghana	3.5	3.0	4.8	5.1	3.0
			Nigeria	3.7	2.5	6.5	5.1	3.8
			Other	6.8	5.0	18.6	13.5	13.3
Western Hemisphere				14.1	18.9	13.7	19.9	23.3
		Of which: USA		…	11.9	10.1	16.0	14.5
			Canada	1.8	1.8	1.2	0.7	0.6
			Argentina	4.1	0.4	0.7	0.0	0.2
			Brazil	3.3	2.2	1.0	2.1	5.4
Asia				64.3	56.3	59.6	83.7	94.5
		Of which: Japan		20.7	22.9	20.8	21.3	41.1
			China, People’s Republic of	5.9	6.9	15.0	18.9	12.4
			Thailand	5.1	3.8	2.6	3.2	2.5
			Taiwan, Province of China	0.9	1.4	1.5	1.0	0.9
			Pakistan	5.0	3.8	0.9	4.7	1.0
			India	9.8	3.8	2.2	5.0	7.5
			Vietnam	6.4	…	1.3	1.2	3.3
Other countries				28.0	1.1	0.2	0.9	46.9
Total				385.9	329.7	368.9	404.4	443.2
					(In percent of total)
Europe				50.4	49.6	44.7	41.5	32.1
	European Community			47.2	46.5	42.4	38.4	31.9
		Of which: France		29.8	27.8	22.4	21.0	19.6
			Germany	2.9	3.7	3.6	3.3	6.0
			Netherlands	3.0	2.6	2.1	1.9	2.3
			Belgium/Luxembourg	2.3	2.6	2.8	1.9	2.8
			United Kingdom	1.4	2.2	2.6	2.1	1.6
			Italy	3.3	2.4	3.1	2.7	1.9
			Other	3.3	3.1	2.1	3.1	0.2
Africa				25.6	27.2	35.4	32.7	30.7
	West African Monetary Union			22.0	24.0	27.3	26.8	26.2
		Of which: Cote d’Ivoire		17.4	20.3	22.7	22.1	18.8
			Senegal	1.1	1.3	1.5	0.8	0.5
			Togo	1.4	2.1	2.7	3.3	2.8
			Mali	0.4	0.2	0.1	0.2	0.1
			Ghana	0.9	0.9	1.3	1.3	0.7
			Nigeria	1.0	0.8	1.8	1.2	0.9
			Other	1.8	1.5	5.0	3.3	3.0
	Western Hemisphere			3.6	5.7	3.7	4.9	5.3
		Of which: USA			3.6	2.7	4.0	3.3
			Canada	0.5	0.5	0.3	0.2	0.1
			Argentina	1.1	0.1	0.2	0.0	0.0
			Brazil	0.9	0.7	0.3	0.5	1.2
			Canada	0.5	0.5	0.3	0.2	0.1
Asia				16.7	17.1	16.2	20.7	21.3
		Of which: Japan		5.4	7.0	5.6	5.3	9.3
			China, People’s Republic of	1.5	2.1	4.1	4.7	2.8
			Thailand	1.3	1.1	0.7	0.8	0.6
			Taiwan, Province of	0.2	0.4	0.4	0.3	0.2
			Pakistan	1.3	1.2	0.2	1.2	0.2
			India	2.5	1.2	0.6	1.2	1.7
			Vietnam	1.6		0.3	0.3	0.8
Other countries				7.2	0.3	0.1	0.2	10.6
Total				100.0	100.0	100.0	100.0	100.0

Source: Central Bank of West African States (BCEAO).

Table 34.

Burkina Faso: Origin of Recorded Imports, c.i.f., 1998-2002

				1998	1999	2000	2001	2002
								Est
					(In billions of CFA francs)
Europe				194.7	163.7	164.9	167.8	142.2
	European Community			182.1	153.4	156.2	155.3	141.5
		Of which: France		115.2	91.7	82.7	84.8	86.3
			Germany	11.1	12.2	13.3	13.5	26.7
			Netherlands	11.4	8.4	7.8	7.7	10.4
			Belgium/Luxembourg	8.9	8.7	10.5	7.9	12.3
			United Kingdom	5.3	7.3	9.7	8.6	7.2
			Italy	12.8	7.9	11.5	10.8	8.4
	Other			12.6	10.3	8.6	12.5	0.7
Africa				99.0	89.7	130.5	132.2	136.3
	West African Monetary Union			85.0	79.1	100.6	108.6	116.2
		Of which: Côte d’Ivoire		67.0	66.8	83.8	89.5	83.1
			Senegal	4.2	4.4	5.7	3.3	2.3
			Togo	5.3	6.8	9.8	13.5	12.5
			Mali	1.6	0.5	0.5	1.0	0.4
			Ghana	3.5	3.0	4.8	5.1	3.0
			Nigeria	3.7	2.5	6.5	5.1	3.8
			Other	6.8	5.0	18.6	13.5	13.3
Western Hemisphere				14.1	18.9	13.7	19.9	23.3
		Of which: USA		…	11.9	10.1	16.0	14.5
			Canada	1.8	1.8	1.2	0.7	0.6
			Argentina	4.1	0.4	0.7	0.0	0.2
			Brazil	3.3	2.2	1.0	2.1	5.4
Asia				64.3	56.3	59.6	83.7	94.5
		Of which: Japan		20.7	22.9	20.8	21.3	41.1
			China, People’s Republic of	5.9	6.9	15.0	18.9	12.4
			Thailand	5.1	3.8	2.6	3.2	2.5
			Taiwan, Province of China	0.9	1.4	1.5	1.0	0.9
			Pakistan	5.0	3.8	0.9	4.7	1.0
			India	9.8	3.8	2.2	5.0	7.5
			Vietnam	6.4	…	1.3	1.2	3.3
Other countries				28.0	1.1	0.2	0.9	46.9
Total				385.9	329.7	368.9	404.4	443.2
					(In percent of total)
Europe				50.4	49.6	44.7	41.5	32.1
	European Community			47.2	46.5	42.4	38.4	31.9
		Of which: France		29.8	27.8	22.4	21.0	19.6
			Germany	2.9	3.7	3.6	3.3	6.0
			Netherlands	3.0	2.6	2.1	1.9	2.3
			Belgium/Luxembourg	2.3	2.6	2.8	1.9	2.8
			United Kingdom	1.4	2.2	2.6	2.1	1.6
			Italy	3.3	2.4	3.1	2.7	1.9
			Other	3.3	3.1	2.1	3.1	0.2
Africa				25.6	27.2	35.4	32.7	30.7
	West African Monetary Union			22.0	24.0	27.3	26.8	26.2
		Of which: Cote d’Ivoire		17.4	20.3	22.7	22.1	18.8
			Senegal	1.1	1.3	1.5	0.8	0.5
			Togo	1.4	2.1	2.7	3.3	2.8
			Mali	0.4	0.2	0.1	0.2	0.1
			Ghana	0.9	0.9	1.3	1.3	0.7
			Nigeria	1.0	0.8	1.8	1.2	0.9
			Other	1.8	1.5	5.0	3.3	3.0
	Western Hemisphere			3.6	5.7	3.7	4.9	5.3
		Of which: USA			3.6	2.7	4.0	3.3
			Canada	0.5	0.5	0.3	0.2	0.1
			Argentina	1.1	0.1	0.2	0.0	0.0
			Brazil	0.9	0.7	0.3	0.5	1.2
			Canada	0.5	0.5	0.3	0.2	0.1
Asia				16.7	17.1	16.2	20.7	21.3
		Of which: Japan		5.4	7.0	5.6	5.3	9.3
			China, People’s Republic of	1.5	2.1	4.1	4.7	2.8
			Thailand	1.3	1.1	0.7	0.8	0.6
			Taiwan, Province of	0.2	0.4	0.4	0.3	0.2
			Pakistan	1.3	1.2	0.2	1.2	0.2
			India	2.5	1.2	0.6	1.2	1.7
			Vietnam	1.6		0.3	0.3	0.8
Other countries				7.2	0.3	0.1	0.2	10.6
Total				100.0	100.0	100.0	100.0	100.0

Source: Central Bank of West African States (BCEAO).

Table 35.

Burkina Faso: Nominal and Net Present Value (NPV) of External Debt Outstanding, as of End-December 2001 ^1/

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Figures are based on data at end-2001.

^2/Data are not final. Reflects the estimated external debt situation as of end-2001, and includes the 1996 Paris Club stock-of-debt operation on Naples terms, and a Cologne flow rescheduling starting in July 2000.

Table 35.

Burkina Faso: Nominal and Net Present Value (NPV) of External Debt Outstanding, as of End-December 2001 ^1/

				Nominal Debt			NPV of Debt
				In millions of U.S. dollars	In percent of total	In percent of group	In millions of U.S. dollars	In percent of total	In percent of group
Total				1,430.2	100.0		905.2	100.0
	Multilateral creditors			1,174.4	82.1	100.0	685.5	75.7	100.0
		IDA		636.9	44.5	54.2	322.8	35.7	47.1
		IMF		109.5	7.7	9.3	90.5	10.0	13.2
		AfDB/AfDF		230.7	16.1	19.6	132.8	14.7	19.4
		BADEA		38.5	2.7	3.3	29.9	3.3	4.4
		BOAD		10.2	0.7	0.9	10.0	1.1	1.5
		ECOWAS		4.2	0.3	0.4	4.3	0.5	0.6
		EU		26.2	1.8	2.2	19.8	2.2	2.9
		IFAD		33.0	2.3	2.8	17.2	1.9	2.5
		Is DB		56.0	3.9	4.8	33.6	3.7	4.9
		OPEC Fund		29.2	2.0	2.5	24.7	2.7	3.6
Official bilateral creditors				255.7	17.9		219.7	24.3
	Paris Club			67.2	4.7	100.0	52.5	5.8	100.0
		Pre-cutoff date		37.3	2.6	55.4	29.2	3.2	55.7
			ODA	4.7	0.3	6.9	4.7	0.5	8.9
			Non-ODA	32.6	2.3	48.5	24.5	2.7	46.8
		Post-cutoff date		29.9	2.1	44.6	23.3	2.6	44.3
			ODA	28.5	2.0	42.4	21.8	2.4	41.5
			Non-ODA	1.4	0.1	2.1	1.5	0.2	2.9
		Austria		5.1	0.4	7.5	2.6	0.3	4.9
		France		35.0	2.4	52.1	30.9	3.4	59.0
		Italy		9.8	0.7	14.6	5.0	0.5	9.5
		Netherlands		3.9	0.3	5.9	4.2	0.5	8.0
		Russia		2.1	0.1	3.1	1.0	0.1	2.0
		Spain		9.9	0.7	14.8	7.5	0.8	14.3
		United Kingdom		1.4	0.1	2.1	1.3	0.1	2.4
	Non-Paris Club			188.5	13.2	100.0	167.3	18.5	100.0
		Algeria		2.2	0.2	1.2	2.1	0.2	1.3
		China		20.8	1.5	11.0	19.9	2.2	11.9
		Côte d’Ivoire		42.6	3.0	22.6	40.2	4.4	24.0
		Kuwait		42.7	3.0	22.6	33.3	3.7	19.9
		Libya		15.4	1.1	8.1	15.2	1.7	9.1
		Saudi Arabia		17.7	1.2	9.4	14.8	1.6	8.8
		Taiwan, Province of China		47.2	3.3	25.0	41.8	4.6	25.0

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Figures are based on data at end-2001.

Table 35.

Burkina Faso: Nominal and Net Present Value (NPV) of External Debt Outstanding, as of End-December 2001 ^1/

				Nominal Debt			NPV of Debt
				In millions of U.S. dollars	In percent of total	In percent of group	In millions of U.S. dollars	In percent of total	In percent of group
Total				1,430.2	100.0		905.2	100.0
	Multilateral creditors			1,174.4	82.1	100.0	685.5	75.7	100.0
		IDA		636.9	44.5	54.2	322.8	35.7	47.1
		IMF		109.5	7.7	9.3	90.5	10.0	13.2
		AfDB/AfDF		230.7	16.1	19.6	132.8	14.7	19.4
		BADEA		38.5	2.7	3.3	29.9	3.3	4.4
		BOAD		10.2	0.7	0.9	10.0	1.1	1.5
		ECOWAS		4.2	0.3	0.4	4.3	0.5	0.6
		EU		26.2	1.8	2.2	19.8	2.2	2.9
		IFAD		33.0	2.3	2.8	17.2	1.9	2.5
		Is DB		56.0	3.9	4.8	33.6	3.7	4.9
		OPEC Fund		29.2	2.0	2.5	24.7	2.7	3.6
Official bilateral creditors				255.7	17.9		219.7	24.3
	Paris Club			67.2	4.7	100.0	52.5	5.8	100.0
		Pre-cutoff date		37.3	2.6	55.4	29.2	3.2	55.7
			ODA	4.7	0.3	6.9	4.7	0.5	8.9
			Non-ODA	32.6	2.3	48.5	24.5	2.7	46.8
		Post-cutoff date		29.9	2.1	44.6	23.3	2.6	44.3
			ODA	28.5	2.0	42.4	21.8	2.4	41.5
			Non-ODA	1.4	0.1	2.1	1.5	0.2	2.9
		Austria		5.1	0.4	7.5	2.6	0.3	4.9
		France		35.0	2.4	52.1	30.9	3.4	59.0
		Italy		9.8	0.7	14.6	5.0	0.5	9.5
		Netherlands		3.9	0.3	5.9	4.2	0.5	8.0
		Russia		2.1	0.1	3.1	1.0	0.1	2.0
		Spain		9.9	0.7	14.8	7.5	0.8	14.3
		United Kingdom		1.4	0.1	2.1	1.3	0.1	2.4
	Non-Paris Club			188.5	13.2	100.0	167.3	18.5	100.0
		Algeria		2.2	0.2	1.2	2.1	0.2	1.3
		China		20.8	1.5	11.0	19.9	2.2	11.9
		Côte d’Ivoire		42.6	3.0	22.6	40.2	4.4	24.0
		Kuwait		42.7	3.0	22.6	33.3	3.7	19.9
		Libya		15.4	1.1	8.1	15.2	1.7	9.1
		Saudi Arabia		17.7	1.2	9.4	14.8	1.6	8.8
		Taiwan, Province of China		47.2	3.3	25.0	41.8	4.6	25.0

Sources: Burkinabè authorities; and staff estimates.

^{^1/}Figures are based on data at end-2001.

Burkina Faso: Summary of the Tax System, as of January 1, 2003

(All amounts in CFA francs)

Source: Burkinabè authorities.

			Tax	Nature of Tax	Exemptions and Deductions	Rates
1.			Taxes on income and profits
	1.1		Tax on individuals
		1.1.1	Standard lax on income (impôt forfaitaire sur le revenu). Tax Code Articles 152 to 166.	Eliminated through Ordinance No. 54/94 ADP of December 16, 1994.
		1.1.2	Noncommercial profits tax (impôt sur les benefices non commerciaux). Tax Code Articles 41 to 54 (BNC).	Tax levied on profits from the exercise of noncommercial professions. Based on previous year’s profits. A withholding tax is levied on imports and wholesale purchases, which is creditable against the tax due. Even in case of losses, the tax amount due cannot be below CFAF 50,000 for private nursing offices, CFAF 200,000 for teaching institutions and maternity hospitals and CFAF 500,000 for all other noncommercial professions.	No exemptions; a CFAF 100,000 exemption was abolished in 1972 (Loi No. 10/72/AN of December 23, 1972).	Progressive rate by income tranche ranging from 10 to 35 percent (See Loi No. 0027/99/AN of 11/25/99).
		1.1.3	Progressive income tax (impôt progressifsur les revenus de l’assistance technique francaise).	Started in 1990 in accordance with the Franco-Burkinabè cooperation agreement of February 4, 1986. Levied on French technical assistants’ income.	No exemptions.	4 to 20 percent.
		1.1.4	Single progressive tax on wages and salaries (impôt unique sur les traitements et salaires). Tax Code Articles 55 to 74.	Introduced in 1971, replacing previous specific taxes and the general income tax, and levied on all wages and salaries earned during the current year. Withheld by employers on account of the treasury. To be paid ten days after end of month.	All pensions are exempted. All exemptions and deductions are spelled out in Article 56 (parliamentary indemnities, severance pay, housing allowance, dependency allowance). Abatements are granted for dependents (up to seven).	Rates are 2 percent to 30 percent, payable by monthly installments.
		1.1.5	Tax on rental income (prétèvement sur les loyers).	Levied on rental income collected by owners of rental buildings (whatever their usage).	Exemptions for state-owned buildings, hotel rooms, and new and renovated buildings. Exemption for owners whose cumulated net monthly revenue from rental buildings in the same locality does not exceed CFAF 5,000.	Progressive rates from 0 percent to 25 percent.
		1.1.6	Tax on real estate capital gains. Tax Code Articles 182 to 185.	Effective January 1978; levied on capital gains resulting from real estate sales.	25 percent reduction for new buildings during five years.	15 percent of the capital gain.
	1.2		Corporate taxes
		1.2.1	Industrial, commercial and agricultural profits tax (impôt sur les bénèfices mdustriels, commerciaux et agricoles). Tax Code Articles 1 to 40.	Tax on profits realized in Burkina Faso after deducting all necessary and reasonable charges to produce profit. It is levied on companies and individuals business with a turnover higher than CFAF 25 or 50 million (depending on the type of activity). Tax returns must be filed before April 30. For insurance companies, returns must be filed by May 31. For businesses below a certain turnover threshold, a simplified declaration system applies.	No exemptions; a CFAF 100,000 exemption was abolished in 1972 (Loi No. 10/72/AN of December 23, 1972). Under certain conditions, profits from new industrial and mining enterprises can be exempted for up to five years. Tax reductions may also be granted on profits reinvested. All these incentives may be granted independent of the Investment Code. Exemption on importation in transit; firms exempted from profit tax, oil, water-related material, electricity, and telecommunication-related materials and pharmaceutical products.	For individuals, from 10 percent to 35 percent according to the value of profits.
				A withholding tax is levied on all imports and wholesale purchases greater than CFAF 500,000, creditable against the tax due; a withholding tax is also levied on purchases of services from nonresidents.		The withholding tax rate is 2 percent (1 percent for cement, sugar, and flour, and 0.2 percent for hydrocarbons and cola). Withholding rate of 5 percent on services purchased by nonresident and 1 percent for real estate and public construction.
		1.2.2	With hsolding tax on revenue from professional services accruing on economic agents without an established residence in Burkina Faso.	Tax on professional revenue, payable twenty days after end of month.		20 percent of value of professional services.
	1.3		Other
		1.3.1	Tax on income from securities (impôt sur le revenu des valeurs mobilières).	Withheld at source on dividends, interest, and other income from securities, regardless of the nationality or residence of the beneficiary.	Dividends distributed during the first eight years by new enterprises under the Investment Code are exempt.	12.5 percent for dividends distributed during the first three years of operation of companies; 25 percent afterward.
		1.3.2	Tax on income from claims (itnpôt sur le revenu des creances).	Levied on interest income from claims, deposits, current accounts, and the like.		12.5 percent for deposits at banks or specific financial institutions (e.g., treasury or CNCA). 25 percent for all other claims.
2.			Social security contributions (charges socialies).	(1) Levied on family allowances; (2) Wormen’s compensation; and (3) retirement income.		(1) Employer: 11.5 percent. (2) employer: 2.5 percent; and (3) Employer 4.5 percent; Employee: 4.5 percent.
3.			Payroll taxes
	3.1		Payroll and apprenticeship tax (laxe patronate et d’apprentissage). Tax Code Articles 120 to 130.	Payable by employers, in principle not to be shifted to the employee in the form of lower wages or salaries. The base is the effective cash payments for wages, salaries, and benefits. Fifty percent is transferred to the National Office for Employment Promotion.	Partial or complete exemption may be granted.	4 percent on citizens of Burkina Faso; 8 percent on expatriates.
4.			Taxes on property
	4.1		Recurrent taxes on immovable property
		4.1.1	Land tax (taxe de jouissance).	Tax on real estate.		Depends on region and zoning (commercial, industrial, residential, or rural). In Ouagadougou: CFAF 2,000-3,000 per square meter.
		4.1.2	Residency tax (taxe de résidence). Tax Code Articles 219 to 235, amended by Ordinance No. 92-0016/PRES of 03/19/1992.	Levied on all individuals for the use of dwellings. Proceeds accrue to local governments.	Married women who live with their husband or without earned income, individuals older than 60 or indigent, handicaped with disability pension as the only source of income, students without earned income, draftees and diplomats.	There are three schedules according to geographical zones. Rates take into account locality, and the equipment and construction material used in the dwelling.
	4.2		Estate, inheritance, and gift taxes
		4.2.1	Tax on inheritances	Tax levied at the time of a declaration of succession or of gift.	Military and police personnel deceased while on duly.	Progressive rate.
		4.2.2	Mortmain tax (taxe des biens de main morte). Tax Code Articles 199 to 210.	Tax on transfer of property ownership at death or by gift. Assessed on annual rental value of property after usual deductions.	Government and companies with limited or general partnership are exempted. The following deductions are provided: 40 percent on annual rental value for houses; and 50 percent for factories.	2.5 percent for houses made of mud or other local materials; 10 percent for houses made of concrete or stone.
	4.3		Taxes on financial and capital transactions
		4.3.1	Registration fees (droits d’enregtstrement). Tax Code, various articles.	Tax on issues and registered acts. Levied also on contracts transferring various property and on rental contracts.	Reduced rate on mergers of companies.	Fixed or proportional and sometimes progressive or various rates, depending on the nature of the transaction.
		4.3.2	Real estate registration fee (droit d’immatriculation et d’inscription fancière).	Transfer of ownership of registered real estate and land ownership advertising.	State and local communities fully exempt. Partial exemption for associations, congregations, and other entities recognized by the government for construction for social or cultural purpose.	Depending on the nature of the transaction.
5.			Taxes on goods and services
	5.1		Value-added tax (VAT) (taxe sur la valeur ajoutee). Tax Code Articles 332 to 338.	Replaces the turnover tax. Levied on the value of goods or services produced in Burkina Faso by companies and non-salaried individuals. Required use of registry machine for all sales in cash by the registered VAT taxpayers (Loi 036/97/AN of 12/4/97). Withholding at the rate of 18 percent on government’s and public enterprises’ purchases from local suppliers. Tax to be paid by the 20th of the following month.	Deductions spelled out in Articles 325 and 331 of the Tax Code.	18 percent, effective September 1, 1996.
	5.2		Excises
		5.2.1	Locally manufactured beverages (taxe sur les boissons de fabrication locale). Tax Code Articles 332 to 338.	On value of turnover before tax.		25 percent for alcoholic beverages. 10 percent for nonalcoholic beverages.
		5.2.2	Imported beverages (taxe sur les boissons importées). Tax Code Articles 332 to 338.	On customs value, as defined in Article 22 of Customs Code.		25 percent for alcoholic beverages. 10 percent for nonalcoholic beverages.
		5.2.3	Cola nuts (taxe sur les colas). Tax Code Articles 355 to 358.	On customs value, as defined in Article 22 of Customs Code.		10 percent.
		5.2.4	Coffee- and tea-specific tax.	On customs value, as defined in Article 22 of Customs Code.		10 percent.
		5.2.5	Tobacco, cigars, and cigarettes (taxe sur tabac, cigares el cigarettes). Tax Code Articles 352 to 354, quater. Law 50/95/ADP of 11/15/95.	Levied on the value of imported and locally produced goods. For imported products, tax is collected by customs. Producers file a return with the tax office before the 15th of each month.		95 percent for imported tobacco; 13 percent for locally produced tobacco.
		5.2.6	Single tax on petroleum products (taxe unique sur les produits pétroliers (TUPP)), Law No. 042/2000/AN of 12/20/2000.	Replaces all the taxes, except customs duties, previously levied on petroleum products.		Rates vary according to nature of product and location of warehouse (Bobo Dioulasso or Bingo).
	5.3		Profits of fiscal monopolies
		5.3.1	Tobacco (produits du monopole des tabacs). Tax Code Articles 352 to 354.	New disposition - Loi de Finance 2001		Bottom-of-the-range tobacco 17 percent; luxury tobacco products 22 percent. These rates are applicable to both imported and locally-produced products
	5.4		Taxes on specific services
		5.4.1	Tax on insurance policies (iaxe sur les controls d’assurance). Tax Code Articles 609 to 625.	Annual tax levied on insurance premiums.	Life annuity or life insurance contracts taken out by persons not habitually residing in Burkina Faso and any contract covering a risk situated outside Burkina Faso are exempt, as are reinsurance contracts.	Fire: 20 percent. Life: 8 percent. Travel by sea, river or air: 8 percent Export credits: 0.25 percent. Public transportation vehicles: 24 percent. Private cars: 10 percent. Other: 12 percent.
	5.5		Taxes on use of goods and property, etc
		5.5.1	Business licenses (contribution des patentes). Tax Code Articles 238-278, amended by Ordinance No. 92-017/PRES of 03/19/1992.	Levied on all non-wage-earning individuals and corporations carrying on business in Burkina Faso. Consists of a fixed charge and a variable charge. Receipts accrue to local government.	Exemptions listed in Articles 249 and 271 of the Tax Code for government, subsistence farmers, and agricultural cooperatives.	Fixed charge: depends on the category of business. Variable charge: 8 percent on rental value of business premises.
		5.5.2	Beverage sales licenses (licences de vente à la consommation). Tax Code Articles 367 to 371, bis.	Applicable to entities selling beverages for consumption on the premises or canyout, and to producers of local beverages (dolo and bangui).		CFAF 18,000-150,000 in annual fees, depending on type of enterprises and locality (but not on turnover). For producers of dolo and bangui: CFAF 24,000 for Ouagadougou and Bobo-Dioulasso, CFAF 12,000 elsewhere.
		5.5.3	Informal sector contribution (contribution du secteur informel (CSI). Tax Code Article 37, ter.	Flat levy collected from the informal sector in lieu of all taxes, excluding municipal taxes, and the single tax on wages and salaries; it is applied to businesses with a turnover between CFAF 5 and 15 million. Proceeds accrue fully to local government budgets.	Companies and individuals already taxed under BNC (1.1.2) and CSB (5.5.4) are exempt.	CFAF 3,000-100,000, depending on class of activity and locality.
		5.5.4	Beverage sector contribution (contribution du secteur boisson (CSB)) Tax Code Article 371, quater.	Flat levy collected in lieu of all taxes owed by individuals or corporate entities selling locally produced beverages. Proceeds from the CSB accrue to the budget. The tax is withheld by the producer and paid before the 15th of each month to the tax office.	Producers are exempt.	5 percent on gross value (after tax) of purchases made from producers by wholesalers.
6.			Taxes on international trade
	6.1		Import duties
		6.1.1	Customs duties (droits de douane). Customs Code Articles 8 and 12.	Ad valorem tax levied on the c.i.f. value of all imports.	Exemptions for imports of some industrial products originating from the countries of the Economic Community of West African States (ECOWAS) and, since 1994, for pharmaceutical goods. Preferential tariff for products originating from the countries of the West African Economic and Monetary Union (WAEMU): Agriculture, livestock, and crafts, 100 percent reduction; agreed industrial products, 100 percent reduction, unlisted industrial products 5 percent reduction.	0, 5, 10, and 20 percent, for the categories 0, 1, 2, and 3 of goods defined in Regulation 05/98/CM/WAEMU of July 3, 1998.
		6.1.2	Statistical tax (taxe statistique).	Applied to all imports.		1 percent.
		6.1.3	Solidarity community levy (prélèvemeni communautaire de solidarité (PCS)).	Applied to all imports from outside the WAEMU.	Exemptions are similar to those for fiscal duties.	1 percent.
		6.1.4	Community levy (prélèvemeni communautaire (PC))	Applied to all imports from outside the ECOWAS.	Exemptions are similar to those for fiscal duties.	0.5 percent.
		6.1.5	Declining protection tax (TDP)	Levied on imported products competing with local products, based on WAEMU regulations.		Maximum rate: 5 percent. Minimum rate: 2.5 percent. This rate declines every year, starting in July 1999. In December 2002, the WAEMU decided to extend the implementation of the TDP until end-December 2003.
	6.2		Other taxes on international trade and transactions
		6.2.1	Toll tax (taxe de péage).	Levied on all imports. Receipts accrue to the Chamber of Commerce.	Petroleum products and imports financed by external aid are exempted.	CFAF 75 per ton for rice, cement, and sugar; CFAF 150 per ton for metal works; CFAF 500 per ton for other imports; and CFAF 3,000 per unit for vehicles.
		6.2.2	With holding tax. Law No. 042/2000/AN of 12/20/2000.	Applied to all importations, the tax base is the customs value of product plus customs duties and VAT.		2 percent, except 1 percent for sugar, flour, and ciment; 0.2 percent for hydrocarbon/
7.			Other taxes
	7.1		Stamp taxes (droit de timbre).	Levied on miscellaneous legal documents.	The same exemptions as for registration fees.	Depending on the nature of the document.

Source: Burkinabè authorities.

			Tax	Nature of Tax	Exemptions and Deductions	Rates
1.			Taxes on income and profits
	1.1		Tax on individuals
		1.1.1	Standard lax on income (impôt forfaitaire sur le revenu). Tax Code Articles 152 to 166.	Eliminated through Ordinance No. 54/94 ADP of December 16, 1994.
		1.1.2	Noncommercial profits tax (impôt sur les benefices non commerciaux). Tax Code Articles 41 to 54 (BNC).	Tax levied on profits from the exercise of noncommercial professions. Based on previous year’s profits. A withholding tax is levied on imports and wholesale purchases, which is creditable against the tax due. Even in case of losses, the tax amount due cannot be below CFAF 50,000 for private nursing offices, CFAF 200,000 for teaching institutions and maternity hospitals and CFAF 500,000 for all other noncommercial professions.	No exemptions; a CFAF 100,000 exemption was abolished in 1972 (Loi No. 10/72/AN of December 23, 1972).	Progressive rate by income tranche ranging from 10 to 35 percent (See Loi No. 0027/99/AN of 11/25/99).
		1.1.3	Progressive income tax (impôt progressifsur les revenus de l’assistance technique francaise).	Started in 1990 in accordance with the Franco-Burkinabè cooperation agreement of February 4, 1986. Levied on French technical assistants’ income.	No exemptions.	4 to 20 percent.
		1.1.4	Single progressive tax on wages and salaries (impôt unique sur les traitements et salaires). Tax Code Articles 55 to 74.	Introduced in 1971, replacing previous specific taxes and the general income tax, and levied on all wages and salaries earned during the current year. Withheld by employers on account of the treasury. To be paid ten days after end of month.	All pensions are exempted. All exemptions and deductions are spelled out in Article 56 (parliamentary indemnities, severance pay, housing allowance, dependency allowance). Abatements are granted for dependents (up to seven).	Rates are 2 percent to 30 percent, payable by monthly installments.
		1.1.5	Tax on rental income (prétèvement sur les loyers).	Levied on rental income collected by owners of rental buildings (whatever their usage).	Exemptions for state-owned buildings, hotel rooms, and new and renovated buildings. Exemption for owners whose cumulated net monthly revenue from rental buildings in the same locality does not exceed CFAF 5,000.	Progressive rates from 0 percent to 25 percent.
		1.1.6	Tax on real estate capital gains. Tax Code Articles 182 to 185.	Effective January 1978; levied on capital gains resulting from real estate sales.	25 percent reduction for new buildings during five years.	15 percent of the capital gain.
	1.2		Corporate taxes
		1.2.1	Industrial, commercial and agricultural profits tax (impôt sur les bénèfices mdustriels, commerciaux et agricoles). Tax Code Articles 1 to 40.	Tax on profits realized in Burkina Faso after deducting all necessary and reasonable charges to produce profit. It is levied on companies and individuals business with a turnover higher than CFAF 25 or 50 million (depending on the type of activity). Tax returns must be filed before April 30. For insurance companies, returns must be filed by May 31. For businesses below a certain turnover threshold, a simplified declaration system applies.	No exemptions; a CFAF 100,000 exemption was abolished in 1972 (Loi No. 10/72/AN of December 23, 1972). Under certain conditions, profits from new industrial and mining enterprises can be exempted for up to five years. Tax reductions may also be granted on profits reinvested. All these incentives may be granted independent of the Investment Code. Exemption on importation in transit; firms exempted from profit tax, oil, water-related material, electricity, and telecommunication-related materials and pharmaceutical products.	For individuals, from 10 percent to 35 percent according to the value of profits.
				A withholding tax is levied on all imports and wholesale purchases greater than CFAF 500,000, creditable against the tax due; a withholding tax is also levied on purchases of services from nonresidents.		The withholding tax rate is 2 percent (1 percent for cement, sugar, and flour, and 0.2 percent for hydrocarbons and cola). Withholding rate of 5 percent on services purchased by nonresident and 1 percent for real estate and public construction.
		1.2.2	With hsolding tax on revenue from professional services accruing on economic agents without an established residence in Burkina Faso.	Tax on professional revenue, payable twenty days after end of month.		20 percent of value of professional services.
	1.3		Other
		1.3.1	Tax on income from securities (impôt sur le revenu des valeurs mobilières).	Withheld at source on dividends, interest, and other income from securities, regardless of the nationality or residence of the beneficiary.	Dividends distributed during the first eight years by new enterprises under the Investment Code are exempt.	12.5 percent for dividends distributed during the first three years of operation of companies; 25 percent afterward.
		1.3.2	Tax on income from claims (itnpôt sur le revenu des creances).	Levied on interest income from claims, deposits, current accounts, and the like.		12.5 percent for deposits at banks or specific financial institutions (e.g., treasury or CNCA). 25 percent for all other claims.
2.			Social security contributions (charges socialies).	(1) Levied on family allowances; (2) Wormen’s compensation; and (3) retirement income.		(1) Employer: 11.5 percent. (2) employer: 2.5 percent; and (3) Employer 4.5 percent; Employee: 4.5 percent.
3.			Payroll taxes
	3.1		Payroll and apprenticeship tax (laxe patronate et d’apprentissage). Tax Code Articles 120 to 130.	Payable by employers, in principle not to be shifted to the employee in the form of lower wages or salaries. The base is the effective cash payments for wages, salaries, and benefits. Fifty percent is transferred to the National Office for Employment Promotion.	Partial or complete exemption may be granted.	4 percent on citizens of Burkina Faso; 8 percent on expatriates.
4.			Taxes on property
	4.1		Recurrent taxes on immovable property
		4.1.1	Land tax (taxe de jouissance).	Tax on real estate.		Depends on region and zoning (commercial, industrial, residential, or rural). In Ouagadougou: CFAF 2,000-3,000 per square meter.
		4.1.2	Residency tax (taxe de résidence). Tax Code Articles 219 to 235, amended by Ordinance No. 92-0016/PRES of 03/19/1992.	Levied on all individuals for the use of dwellings. Proceeds accrue to local governments.	Married women who live with their husband or without earned income, individuals older than 60 or indigent, handicaped with disability pension as the only source of income, students without earned income, draftees and diplomats.	There are three schedules according to geographical zones. Rates take into account locality, and the equipment and construction material used in the dwelling.
	4.2		Estate, inheritance, and gift taxes
		4.2.1	Tax on inheritances	Tax levied at the time of a declaration of succession or of gift.	Military and police personnel deceased while on duly.	Progressive rate.
		4.2.2	Mortmain tax (taxe des biens de main morte). Tax Code Articles 199 to 210.	Tax on transfer of property ownership at death or by gift. Assessed on annual rental value of property after usual deductions.	Government and companies with limited or general partnership are exempted. The following deductions are provided: 40 percent on annual rental value for houses; and 50 percent for factories.	2.5 percent for houses made of mud or other local materials; 10 percent for houses made of concrete or stone.
	4.3		Taxes on financial and capital transactions
		4.3.1	Registration fees (droits d’enregtstrement). Tax Code, various articles.	Tax on issues and registered acts. Levied also on contracts transferring various property and on rental contracts.	Reduced rate on mergers of companies.	Fixed or proportional and sometimes progressive or various rates, depending on the nature of the transaction.
		4.3.2	Real estate registration fee (droit d’immatriculation et d’inscription fancière).	Transfer of ownership of registered real estate and land ownership advertising.	State and local communities fully exempt. Partial exemption for associations, congregations, and other entities recognized by the government for construction for social or cultural purpose.	Depending on the nature of the transaction.
5.			Taxes on goods and services
	5.1		Value-added tax (VAT) (taxe sur la valeur ajoutee). Tax Code Articles 332 to 338.	Replaces the turnover tax. Levied on the value of goods or services produced in Burkina Faso by companies and non-salaried individuals. Required use of registry machine for all sales in cash by the registered VAT taxpayers (Loi 036/97/AN of 12/4/97). Withholding at the rate of 18 percent on government’s and public enterprises’ purchases from local suppliers. Tax to be paid by the 20th of the following month.	Deductions spelled out in Articles 325 and 331 of the Tax Code.	18 percent, effective September 1, 1996.
	5.2		Excises
		5.2.1	Locally manufactured beverages (taxe sur les boissons de fabrication locale). Tax Code Articles 332 to 338.	On value of turnover before tax.		25 percent for alcoholic beverages. 10 percent for nonalcoholic beverages.
		5.2.2	Imported beverages (taxe sur les boissons importées). Tax Code Articles 332 to 338.	On customs value, as defined in Article 22 of Customs Code.		25 percent for alcoholic beverages. 10 percent for nonalcoholic beverages.
		5.2.3	Cola nuts (taxe sur les colas). Tax Code Articles 355 to 358.	On customs value, as defined in Article 22 of Customs Code.		10 percent.
		5.2.4	Coffee- and tea-specific tax.	On customs value, as defined in Article 22 of Customs Code.		10 percent.
		5.2.5	Tobacco, cigars, and cigarettes (taxe sur tabac, cigares el cigarettes). Tax Code Articles 352 to 354, quater. Law 50/95/ADP of 11/15/95.	Levied on the value of imported and locally produced goods. For imported products, tax is collected by customs. Producers file a return with the tax office before the 15th of each month.		95 percent for imported tobacco; 13 percent for locally produced tobacco.
		5.2.6	Single tax on petroleum products (taxe unique sur les produits pétroliers (TUPP)), Law No. 042/2000/AN of 12/20/2000.	Replaces all the taxes, except customs duties, previously levied on petroleum products.		Rates vary according to nature of product and location of warehouse (Bobo Dioulasso or Bingo).
	5.3		Profits of fiscal monopolies
		5.3.1	Tobacco (produits du monopole des tabacs). Tax Code Articles 352 to 354.	New disposition - Loi de Finance 2001		Bottom-of-the-range tobacco 17 percent; luxury tobacco products 22 percent. These rates are applicable to both imported and locally-produced products
	5.4		Taxes on specific services
		5.4.1	Tax on insurance policies (iaxe sur les controls d’assurance). Tax Code Articles 609 to 625.	Annual tax levied on insurance premiums.	Life annuity or life insurance contracts taken out by persons not habitually residing in Burkina Faso and any contract covering a risk situated outside Burkina Faso are exempt, as are reinsurance contracts.	Fire: 20 percent. Life: 8 percent. Travel by sea, river or air: 8 percent Export credits: 0.25 percent. Public transportation vehicles: 24 percent. Private cars: 10 percent. Other: 12 percent.
	5.5		Taxes on use of goods and property, etc
		5.5.1	Business licenses (contribution des patentes). Tax Code Articles 238-278, amended by Ordinance No. 92-017/PRES of 03/19/1992.	Levied on all non-wage-earning individuals and corporations carrying on business in Burkina Faso. Consists of a fixed charge and a variable charge. Receipts accrue to local government.	Exemptions listed in Articles 249 and 271 of the Tax Code for government, subsistence farmers, and agricultural cooperatives.	Fixed charge: depends on the category of business. Variable charge: 8 percent on rental value of business premises.
		5.5.2	Beverage sales licenses (licences de vente à la consommation). Tax Code Articles 367 to 371, bis.	Applicable to entities selling beverages for consumption on the premises or canyout, and to producers of local beverages (dolo and bangui).		CFAF 18,000-150,000 in annual fees, depending on type of enterprises and locality (but not on turnover). For producers of dolo and bangui: CFAF 24,000 for Ouagadougou and Bobo-Dioulasso, CFAF 12,000 elsewhere.
		5.5.3	Informal sector contribution (contribution du secteur informel (CSI). Tax Code Article 37, ter.	Flat levy collected from the informal sector in lieu of all taxes, excluding municipal taxes, and the single tax on wages and salaries; it is applied to businesses with a turnover between CFAF 5 and 15 million. Proceeds accrue fully to local government budgets.	Companies and individuals already taxed under BNC (1.1.2) and CSB (5.5.4) are exempt.	CFAF 3,000-100,000, depending on class of activity and locality.
		5.5.4	Beverage sector contribution (contribution du secteur boisson (CSB)) Tax Code Article 371, quater.	Flat levy collected in lieu of all taxes owed by individuals or corporate entities selling locally produced beverages. Proceeds from the CSB accrue to the budget. The tax is withheld by the producer and paid before the 15th of each month to the tax office.	Producers are exempt.	5 percent on gross value (after tax) of purchases made from producers by wholesalers.
6.			Taxes on international trade
	6.1		Import duties
		6.1.1	Customs duties (droits de douane). Customs Code Articles 8 and 12.	Ad valorem tax levied on the c.i.f. value of all imports.	Exemptions for imports of some industrial products originating from the countries of the Economic Community of West African States (ECOWAS) and, since 1994, for pharmaceutical goods. Preferential tariff for products originating from the countries of the West African Economic and Monetary Union (WAEMU): Agriculture, livestock, and crafts, 100 percent reduction; agreed industrial products, 100 percent reduction, unlisted industrial products 5 percent reduction.	0, 5, 10, and 20 percent, for the categories 0, 1, 2, and 3 of goods defined in Regulation 05/98/CM/WAEMU of July 3, 1998.
		6.1.2	Statistical tax (taxe statistique).	Applied to all imports.		1 percent.
		6.1.3	Solidarity community levy (prélèvemeni communautaire de solidarité (PCS)).	Applied to all imports from outside the WAEMU.	Exemptions are similar to those for fiscal duties.	1 percent.
		6.1.4	Community levy (prélèvemeni communautaire (PC))	Applied to all imports from outside the ECOWAS.	Exemptions are similar to those for fiscal duties.	0.5 percent.
		6.1.5	Declining protection tax (TDP)	Levied on imported products competing with local products, based on WAEMU regulations.		Maximum rate: 5 percent. Minimum rate: 2.5 percent. This rate declines every year, starting in July 1999. In December 2002, the WAEMU decided to extend the implementation of the TDP until end-December 2003.
	6.2		Other taxes on international trade and transactions
		6.2.1	Toll tax (taxe de péage).	Levied on all imports. Receipts accrue to the Chamber of Commerce.	Petroleum products and imports financed by external aid are exempted.	CFAF 75 per ton for rice, cement, and sugar; CFAF 150 per ton for metal works; CFAF 500 per ton for other imports; and CFAF 3,000 per unit for vehicles.
		6.2.2	With holding tax. Law No. 042/2000/AN of 12/20/2000.	Applied to all importations, the tax base is the customs value of product plus customs duties and VAT.		2 percent, except 1 percent for sugar, flour, and ciment; 0.2 percent for hydrocarbon/
7.			Other taxes
	7.1		Stamp taxes (droit de timbre).	Levied on miscellaneous legal documents.	The same exemptions as for registration fees.	Depending on the nature of the document.

Source: Burkinabè authorities.

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Burkina Faso: Statistical Annex

Author:

International Monetary Fund

Volume/Issue:: Volume 2003: Issue 198

Publisher:: International Monetary Fund

ISBN:: 9781451803730

ISSN:: 1934-7685

Pages:: 47

DOI:: https://doi.org/10.5089/9781451803730.002

Keywords
Burkina Faso: Summary of the Tax System, as of January 1, 2003

Foresee

			Tax	Nature of Tax	Exemptions and Deductions	Rates
1.			Taxes on income and profits
	1.1		Tax on individuals
		1.1.1	Standard lax on income (impôt forfaitaire sur le revenu). Tax Code Articles 152 to 166.	Eliminated through Ordinance No. 54/94 ADP of December 16, 1994.
		1.1.2	Noncommercial profits tax (impôt sur les benefices non commerciaux). Tax Code Articles 41 to 54 (BNC).	Tax levied on profits from the exercise of noncommercial professions. Based on previous year’s profits. A withholding tax is levied on imports and wholesale purchases, which is creditable against the tax due. Even in case of losses, the tax amount due cannot be below CFAF 50,000 for private nursing offices, CFAF 200,000 for teaching institutions and maternity hospitals and CFAF 500,000 for all other noncommercial professions.	No exemptions; a CFAF 100,000 exemption was abolished in 1972 (Loi No. 10/72/AN of December 23, 1972).	Progressive rate by income tranche ranging from 10 to 35 percent (See Loi No. 0027/99/AN of 11/25/99).
		1.1.3	Progressive income tax (impôt progressifsur les revenus de l’assistance technique francaise).	Started in 1990 in accordance with the Franco-Burkinabè cooperation agreement of February 4, 1986. Levied on French technical assistants’ income.	No exemptions.	4 to 20 percent.
		1.1.4	Single progressive tax on wages and salaries (impôt unique sur les traitements et salaires). Tax Code Articles 55 to 74.	Introduced in 1971, replacing previous specific taxes and the general income tax, and levied on all wages and salaries earned during the current year. Withheld by employers on account of the treasury. To be paid ten days after end of month.	All pensions are exempted. All exemptions and deductions are spelled out in Article 56 (parliamentary indemnities, severance pay, housing allowance, dependency allowance). Abatements are granted for dependents (up to seven).	Rates are 2 percent to 30 percent, payable by monthly installments.
		1.1.5	Tax on rental income (prétèvement sur les loyers).	Levied on rental income collected by owners of rental buildings (whatever their usage).	Exemptions for state-owned buildings, hotel rooms, and new and renovated buildings. Exemption for owners whose cumulated net monthly revenue from rental buildings in the same locality does not exceed CFAF 5,000.	Progressive rates from 0 percent to 25 percent.
		1.1.6	Tax on real estate capital gains. Tax Code Articles 182 to 185.	Effective January 1978; levied on capital gains resulting from real estate sales.	25 percent reduction for new buildings during five years.	15 percent of the capital gain.
	1.2		Corporate taxes
		1.2.1	Industrial, commercial and agricultural profits tax (impôt sur les bénèfices mdustriels, commerciaux et agricoles). Tax Code Articles 1 to 40.	Tax on profits realized in Burkina Faso after deducting all necessary and reasonable charges to produce profit. It is levied on companies and individuals business with a turnover higher than CFAF 25 or 50 million (depending on the type of activity). Tax returns must be filed before April 30. For insurance companies, returns must be filed by May 31. For businesses below a certain turnover threshold, a simplified declaration system applies.	No exemptions; a CFAF 100,000 exemption was abolished in 1972 (Loi No. 10/72/AN of December 23, 1972). Under certain conditions, profits from new industrial and mining enterprises can be exempted for up to five years. Tax reductions may also be granted on profits reinvested. All these incentives may be granted independent of the Investment Code. Exemption on importation in transit; firms exempted from profit tax, oil, water-related material, electricity, and telecommunication-related materials and pharmaceutical products.	For individuals, from 10 percent to 35 percent according to the value of profits.
				A withholding tax is levied on all imports and wholesale purchases greater than CFAF 500,000, creditable against the tax due; a withholding tax is also levied on purchases of services from nonresidents.		The withholding tax rate is 2 percent (1 percent for cement, sugar, and flour, and 0.2 percent for hydrocarbons and cola). Withholding rate of 5 percent on services purchased by nonresident and 1 percent for real estate and public construction.
		1.2.2	With hsolding tax on revenue from professional services accruing on economic agents without an established residence in Burkina Faso.	Tax on professional revenue, payable twenty days after end of month.		20 percent of value of professional services.
	1.3		Other
		1.3.1	Tax on income from securities (impôt sur le revenu des valeurs mobilières).	Withheld at source on dividends, interest, and other income from securities, regardless of the nationality or residence of the beneficiary.	Dividends distributed during the first eight years by new enterprises under the Investment Code are exempt.	12.5 percent for dividends distributed during the first three years of operation of companies; 25 percent afterward.
		1.3.2	Tax on income from claims (itnpôt sur le revenu des creances).	Levied on interest income from claims, deposits, current accounts, and the like.		12.5 percent for deposits at banks or specific financial institutions (e.g., treasury or CNCA). 25 percent for all other claims.
2.			Social security contributions (charges socialies).	(1) Levied on family allowances; (2) Wormen’s compensation; and (3) retirement income.		(1) Employer: 11.5 percent. (2) employer: 2.5 percent; and (3) Employer 4.5 percent; Employee: 4.5 percent.
3.			Payroll taxes
	3.1		Payroll and apprenticeship tax (laxe patronate et d’apprentissage). Tax Code Articles 120 to 130.	Payable by employers, in principle not to be shifted to the employee in the form of lower wages or salaries. The base is the effective cash payments for wages, salaries, and benefits. Fifty percent is transferred to the National Office for Employment Promotion.	Partial or complete exemption may be granted.	4 percent on citizens of Burkina Faso; 8 percent on expatriates.
4.			Taxes on property
	4.1		Recurrent taxes on immovable property
		4.1.1	Land tax (taxe de jouissance).	Tax on real estate.		Depends on region and zoning (commercial, industrial, residential, or rural). In Ouagadougou: CFAF 2,000-3,000 per square meter.
		4.1.2	Residency tax (taxe de résidence). Tax Code Articles 219 to 235, amended by Ordinance No. 92-0016/PRES of 03/19/1992.	Levied on all individuals for the use of dwellings. Proceeds accrue to local governments.	Married women who live with their husband or without earned income, individuals older than 60 or indigent, handicaped with disability pension as the only source of income, students without earned income, draftees and diplomats.	There are three schedules according to geographical zones. Rates take into account locality, and the equipment and construction material used in the dwelling.
	4.2		Estate, inheritance, and gift taxes
		4.2.1	Tax on inheritances	Tax levied at the time of a declaration of succession or of gift.	Military and police personnel deceased while on duly.	Progressive rate.
		4.2.2	Mortmain tax (taxe des biens de main morte). Tax Code Articles 199 to 210.	Tax on transfer of property ownership at death or by gift. Assessed on annual rental value of property after usual deductions.	Government and companies with limited or general partnership are exempted. The following deductions are provided: 40 percent on annual rental value for houses; and 50 percent for factories.	2.5 percent for houses made of mud or other local materials; 10 percent for houses made of concrete or stone.
	4.3		Taxes on financial and capital transactions
		4.3.1	Registration fees (droits d’enregtstrement). Tax Code, various articles.	Tax on issues and registered acts. Levied also on contracts transferring various property and on rental contracts.	Reduced rate on mergers of companies.	Fixed or proportional and sometimes progressive or various rates, depending on the nature of the transaction.
		4.3.2	Real estate registration fee (droit d’immatriculation et d’inscription fancière).	Transfer of ownership of registered real estate and land ownership advertising.	State and local communities fully exempt. Partial exemption for associations, congregations, and other entities recognized by the government for construction for social or cultural purpose.	Depending on the nature of the transaction.
5.			Taxes on goods and services
	5.1		Value-added tax (VAT) (taxe sur la valeur ajoutee). Tax Code Articles 332 to 338.	Replaces the turnover tax. Levied on the value of goods or services produced in Burkina Faso by companies and non-salaried individuals. Required use of registry machine for all sales in cash by the registered VAT taxpayers (Loi 036/97/AN of 12/4/97). Withholding at the rate of 18 percent on government’s and public enterprises’ purchases from local suppliers. Tax to be paid by the 20th of the following month.	Deductions spelled out in Articles 325 and 331 of the Tax Code.	18 percent, effective September 1, 1996.
	5.2		Excises
		5.2.1	Locally manufactured beverages (taxe sur les boissons de fabrication locale). Tax Code Articles 332 to 338.	On value of turnover before tax.		25 percent for alcoholic beverages. 10 percent for nonalcoholic beverages.
		5.2.2	Imported beverages (taxe sur les boissons importées). Tax Code Articles 332 to 338.	On customs value, as defined in Article 22 of Customs Code.		25 percent for alcoholic beverages. 10 percent for nonalcoholic beverages.
		5.2.3	Cola nuts (taxe sur les colas). Tax Code Articles 355 to 358.	On customs value, as defined in Article 22 of Customs Code.		10 percent.
		5.2.4	Coffee- and tea-specific tax.	On customs value, as defined in Article 22 of Customs Code.		10 percent.
		5.2.5	Tobacco, cigars, and cigarettes (taxe sur tabac, cigares el cigarettes). Tax Code Articles 352 to 354, quater. Law 50/95/ADP of 11/15/95.	Levied on the value of imported and locally produced goods. For imported products, tax is collected by customs. Producers file a return with the tax office before the 15th of each month.		95 percent for imported tobacco; 13 percent for locally produced tobacco.
		5.2.6	Single tax on petroleum products (taxe unique sur les produits pétroliers (TUPP)), Law No. 042/2000/AN of 12/20/2000.	Replaces all the taxes, except customs duties, previously levied on petroleum products.		Rates vary according to nature of product and location of warehouse (Bobo Dioulasso or Bingo).
	5.3		Profits of fiscal monopolies
		5.3.1	Tobacco (produits du monopole des tabacs). Tax Code Articles 352 to 354.	New disposition - Loi de Finance 2001		Bottom-of-the-range tobacco 17 percent; luxury tobacco products 22 percent. These rates are applicable to both imported and locally-produced products
	5.4		Taxes on specific services
		5.4.1	Tax on insurance policies (iaxe sur les controls d’assurance). Tax Code Articles 609 to 625.	Annual tax levied on insurance premiums.	Life annuity or life insurance contracts taken out by persons not habitually residing in Burkina Faso and any contract covering a risk situated outside Burkina Faso are exempt, as are reinsurance contracts.	Fire: 20 percent. Life: 8 percent. Travel by sea, river or air: 8 percent Export credits: 0.25 percent. Public transportation vehicles: 24 percent. Private cars: 10 percent. Other: 12 percent.
	5.5		Taxes on use of goods and property, etc
		5.5.1	Business licenses (contribution des patentes). Tax Code Articles 238-278, amended by Ordinance No. 92-017/PRES of 03/19/1992.	Levied on all non-wage-earning individuals and corporations carrying on business in Burkina Faso. Consists of a fixed charge and a variable charge. Receipts accrue to local government.	Exemptions listed in Articles 249 and 271 of the Tax Code for government, subsistence farmers, and agricultural cooperatives.	Fixed charge: depends on the category of business. Variable charge: 8 percent on rental value of business premises.
		5.5.2	Beverage sales licenses (licences de vente à la consommation). Tax Code Articles 367 to 371, bis.	Applicable to entities selling beverages for consumption on the premises or canyout, and to producers of local beverages (dolo and bangui).		CFAF 18,000-150,000 in annual fees, depending on type of enterprises and locality (but not on turnover). For producers of dolo and bangui: CFAF 24,000 for Ouagadougou and Bobo-Dioulasso, CFAF 12,000 elsewhere.
		5.5.3	Informal sector contribution (contribution du secteur informel (CSI). Tax Code Article 37, ter.	Flat levy collected from the informal sector in lieu of all taxes, excluding municipal taxes, and the single tax on wages and salaries; it is applied to businesses with a turnover between CFAF 5 and 15 million. Proceeds accrue fully to local government budgets.	Companies and individuals already taxed under BNC (1.1.2) and CSB (5.5.4) are exempt.	CFAF 3,000-100,000, depending on class of activity and locality.
		5.5.4	Beverage sector contribution (contribution du secteur boisson (CSB)) Tax Code Article 371, quater.	Flat levy collected in lieu of all taxes owed by individuals or corporate entities selling locally produced beverages. Proceeds from the CSB accrue to the budget. The tax is withheld by the producer and paid before the 15th of each month to the tax office.	Producers are exempt.	5 percent on gross value (after tax) of purchases made from producers by wholesalers.
6.			Taxes on international trade
	6.1		Import duties
		6.1.1	Customs duties (droits de douane). Customs Code Articles 8 and 12.	Ad valorem tax levied on the c.i.f. value of all imports.	Exemptions for imports of some industrial products originating from the countries of the Economic Community of West African States (ECOWAS) and, since 1994, for pharmaceutical goods. Preferential tariff for products originating from the countries of the West African Economic and Monetary Union (WAEMU): Agriculture, livestock, and crafts, 100 percent reduction; agreed industrial products, 100 percent reduction, unlisted industrial products 5 percent reduction.	0, 5, 10, and 20 percent, for the categories 0, 1, 2, and 3 of goods defined in Regulation 05/98/CM/WAEMU of July 3, 1998.
		6.1.2	Statistical tax (taxe statistique).	Applied to all imports.		1 percent.
		6.1.3	Solidarity community levy (prélèvemeni communautaire de solidarité (PCS)).	Applied to all imports from outside the WAEMU.	Exemptions are similar to those for fiscal duties.	1 percent.
		6.1.4	Community levy (prélèvemeni communautaire (PC))	Applied to all imports from outside the ECOWAS.	Exemptions are similar to those for fiscal duties.	0.5 percent.
		6.1.5	Declining protection tax (TDP)	Levied on imported products competing with local products, based on WAEMU regulations.		Maximum rate: 5 percent. Minimum rate: 2.5 percent. This rate declines every year, starting in July 1999. In December 2002, the WAEMU decided to extend the implementation of the TDP until end-December 2003.
	6.2		Other taxes on international trade and transactions
		6.2.1	Toll tax (taxe de péage).	Levied on all imports. Receipts accrue to the Chamber of Commerce.	Petroleum products and imports financed by external aid are exempted.	CFAF 75 per ton for rice, cement, and sugar; CFAF 150 per ton for metal works; CFAF 500 per ton for other imports; and CFAF 3,000 per unit for vehicles.
		6.2.2	With holding tax. Law No. 042/2000/AN of 12/20/2000.	Applied to all importations, the tax base is the customs value of product plus customs duties and VAT.		2 percent, except 1 percent for sugar, flour, and ciment; 0.2 percent for hydrocarbon/
7.			Other taxes
	7.1		Stamp taxes (droit de timbre).	Levied on miscellaneous legal documents.	The same exemptions as for registration fees.	Depending on the nature of the document.

Source: Burkinabè authorities.

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Burkina Faso: Summary of the Tax System, as of January 1, 2003

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