According to the IMF, Burkina Faso’s economy showed positive growth in 2024, with growth estimated at 5 percent, despite a challenging security situation.
This growth, according to the IMF, was driven by strong performances in the agriculture and services sectors.
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The IMF estimates that Burkina Faso’s GDP grew by 5% in 2024, accelerating from the 3.6% growth in 2023. This growth is projected to continue into 2025.
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The growth is attributed to strong performance in the agriculture and services sectors, particularly in public administration, retail trade, and transportation.
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“Burkina Faso’s economic growth in 2024 reflects the strength of its agriculture and services sectors, but addressing security challenges is essential for sustainable recovery,” the IMF wrote in a statement.
The IMF’s forecast for Burkina Faso’s economy is generally positive, with growth expected to remain strong in 2025, but it emphasizes the importance of addressing security challenges for a sustainable recovery.