The monthly minimum wage in Burkina Faso is USD 62. Burkina Faso has a public debt of 126.1% of the country's gross domestic product (GDP) as measured in 2012. In relation to consumer prices, the inflation rate in Burkina Faso is 2.1%. The currency of Burkina Faso is the West African CFA franc. The plural form of the word West African CFA franc is CFA francs. The symbol used for this currency is Fr and is abbreviated as XOF. The West African CFA franc is subdivided into centimes; There are 100 CFA francs in one CFA franc. Every year, consumers spend around US$57,644 million. The ratio of consumer spending to GDP in Burkina Faso is 0.46%, and the ratio of consumer spending to world consumer market is 16.62%. Corporate tax in Burkina Faso is 27.5%. Personal income tax ranges from 2% to 30% depending on your specific situation and income level. The VAT in Burkina Faso is 18%. In 2013, Burkina Faso received US$1158.5 million in foreign aid. In 2014, foreign aid totaled $995.1.
Gross domestic product The total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in Burkina Faso is US$29,417 billion. The gross domestic product (GDP) calculated as purchasing power parity (PPP) per capita in Burkina Faso was last at 1,489,344 US dollars. The PPP in Burkina Faso is considered very good compared to other countries. A very good PPP indicates that citizens of this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Burkina Faso is 12.547 billion. Based on this statistic, Burkina Faso is considered medium-economical. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Burkina Faso was last at 635,238 US dollars. The average citizen in Burkina Faso has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Burkina Faso averaged 6.7% in 2014. According to this percentage, Burkina Faso is currently experiencing significant growth. Countries that experience significant growth offer the best opportunities for a significant return on investment, as the GDP growth rate is the most important indicator of economic health. As GDP grows, so do businesses, jobs and personal income.