The west African country of Burkina Faso is emerging as a developing nation. The Burkina Faso Business and Economy
is flourishing in most of the areas.
The Burkina Faso Business and Economy
depends upon the banking sector, tourism sector, agricultural sector, insurance sector and many more areas.
The main area of business and economy in the country of Burkina Faso is the sector of agriculture. About 90 percent of the people of the country are engaged in agricultural works. Cotton is the major crop of the country. It contributes extensively in the growth of business and economy of Burkina Faso.
The industries of Burkina Faso include beverages, soap, cotton lint, agricultural processing, gold, cigarettes, which lead to the economic development of Burkina Faso. The business sectors of Burkina Faso can be classified as follows:
- Accounting Firms, News Agencies, Banking, Real Estate Agencies, Consultancy, Road Transport, Legal Advisor, Insurance, Tourism
The Export sector is also an area for doing business and increasing the economy of the country. Gold, livestock and cotton are exported from Burkina Faso. To improve the mining industry of the country, the World Bank also had issued a loan in the year of 1966. The annual growth rate of the economy of Burkina Faso as recorded in the year 2005 was 5.6 percent. The major markets of Burkina Faso are Thailand, China, Asia and the European Union.