By Africa Risk Control (ARC) – Burkina Faso is a landlocked country of approximately 23 million people in the Sahel region of West Africa. Despite its geographical disadvantage and ongoing security challenges, the economy is showing signs of recovery. According to the World Bank the economy grew by 4.9 % in 2024, up from 3.0 % in 2023 and nominal GDP stood at about USD 23.25 billion in 2024.
