Economy Of Burkina Faso
The economy of Burkina Faso is based primarily on subsistence farming and livestock raising. Burkina Faso has an average income purchasing-power-parity per capita of $1,900 and nominal per capita of $790 in 2014. More than 80% of the population relies on subsistence agriculture, with only a small fraction directly involved in Industrial sector, industry and Service sector, services. Highly variable rainfall, poor soils, lack of adequate communications and other infrastructure, a low literacy rate, and a stagnant economy are all longstanding problems of this landlocked country. The export economy also remained subject to fluctuations in world prices. The country has a high population density, few natural resources, and a fragile soil. Industry remains dominated by unprofitable government-controlled corporations. Following the African franc currency devaluation in January 1994 the government updated its development program in conjunction with international agencies, and exports and ...
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Ouagadougou
Ouagadougou ( , , ) is the capital and largest city of Burkina Faso and the administrative, communications, cultural, and economic centre of the nation. It is also the country's largest city, with a population of 2,415,266 in 2019. The city's name is often shortened to ''Ouaga''. The inhabitants are called ''ouagalais''. The spelling of the name ''Ouagadougou'' is derived from the French orthography common in former French African colonies. Ouagadougou's primary industries are food processing and textiles. It is served by an international airport and is linked by rail to Abidjan in the Ivory Coast and, for freight only, to Kaya. There are several highways linking the city to Niamey, Niger, south to Ghana, and southwest to Ivory Coast. Ouagadougou has one of West Africa's largest markets, which burned down in 2003 and has since reopened with better facilities and improved fire-prevention measures. Other attractions include the National Museum of Burkina Faso, the Moro-Naba ...
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