Housing Finance in Burkina Faso

Overview

This profile is also available in French here.

To download a pdf version of the full 2021 Burkina Faso country, click here.

Burkina Faso is a land locked West African country with a land mass of 274 200 km2. In 2019, its population was estimated at 20 487 979 inhabitants. It is one of the African countries with the most direct neighbours: Benin, Togo, Ghana, Ivory Coast, Mali, and Niger. With a Human Development Index (HDI) estimated at 0.434 in 2016, Burkina Faso ranked 182 out of 188 countries. Thus, 40.1% of its population lives below the income poverty line defined at CFA153 530 (US$278) per year or CFA420.60 (US$0.76) per day. Adequate, affordable housing remains out of reach for much of the population. Given the rapid evolution of cities and the increase in the need for decent housing that is accessible to all, urgent actions are essential to avoid uncontrolled urbanisation, which will be more costly or even risky to repair. Thus, a programme to construct 40 000 housing units was initiated by the current president for the period 2016 to 2020.

Economically, Burkina Faso has recorded acceptable average growth rates over the past ten years. It increased from 5.7% over the period 2005-2015 to 6.3% over the period 2016-2019. However, its GDP contracted by 0.2% in 2020, mainly due to the slowdown in trade, transport, tourism, and hospitality, resulting from measures taken to contain the spread of COVID-19. The inflation rate, which was -3.2% in 2019, increased to 1.4% in 2020, mainly due to rising food prices. Nevertheless, the prices of housing, water, gas, electricity, and other fuels fell by 2.0% and 1.3%, respectively.

The budget deficit increased from 3.5% in 2019 to 5.4% of GDP in 2020. This situation can be explained not only by the increase in public expenditure but also, by the fall in revenues. However, the current account balance recorded a surplus of 1.2% of GDP in 2020 after a deficit of 3.4% of GDP. This performance is the result of an increase in the value of gold exports by 21% and cotton by 13%, while the value of imports of petroleum products fell by 20% due to the decline in economic activity

[1] Worldometers. (2020). Burkina Faso population live.

https://www.worldometers.info/world-population/burkina-faso-population (Accessed on 28 September 2020). Pg. 1.

Find out more information on the housing finance sector of Burkina Faso, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2021 edition, which has up-to-date profiles for 55 African countries.

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