Formerly known as Upper Volta, Burkina Faso gained its name from combining Burkina meaning “free man” and Faso, “land.” Two well-known aspects of the country’s culture are masks and dancing. The masks are used in performing rites and rituals as part of worshipping their gods in the village. Different dances are used to show people that the spirits have blessed the village.

The economy of Burkina Faso relies mainly on agriculture with industry and services making up a smaller fraction of their productivity. A banking industry also plays a key role in enhancing the economic growth of the country. The industry is highly concentrated with only three banks holding 60% of its total financial sector. Although most of its citizens are yet to benefit from the gains made, good macroeconomic management with huge gold and cotton exports have ensured growth in the country at a rate of 5% over the last five years. Unfortunately, it does still have a relatively weak legal system, making it hard to protect personal property.

Average Monthly Earnings

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 27.1%
Industry 25.3%
Services 47.7%

Employment Distribution by Education

Age 15+

Less than Basic 77.4%
Basic 17.6%
Intermediate 2.3%
Advanced 2.7%
Level Not Stated 0%

Age 15-24

Less than Basic 73.5%
Basic 24.9%
Intermediate 1.4%
Advanced 0.2%
Level Not Stated 0%

Age 15-64

Less than Basic 76.8%
Basic 18.1%
Intermediate 2.4%
Advanced 2.8%
Level Not Stated 0%

Age 25+

Less than Basic 78.1%
Basic 16.2%
Intermediate 2.5%
Advanced 3.2%
Level Not Stated 0%

Schedule a Demo

In Romania, starting January 1, 2023, pensioners of the public pension system and beneficiaries whose monthly income is less than or equal to RON 3,000 are eligible for financial aid. #Romania #ComplianceUpdates #GlobalCompliance #GlobalPeopleStrategist

In Luxembourg, the maximum working time cannot exceed 10 hours per day or 48 hours per week. #Luxembourg #ComplianceUpdates #GlobalCompliance #GlobalPeopleStrategist

In Luxembourg, employees must be employed by an organization with the capacity for remote work to request the option. Any employee of a Luxembourg company governed by private law hired under a fixed-term or indefinite-term contract can participate in telework. #ComplianceUpdates

In El Salvador, teleworking is strictly voluntary for both the employee and employer, and there must be a written agreement between the parties where the terms and conditions are established. #ElSalvador #ComplianceUpdates #GlobalCompliance #GlobalPeopleStrategist

In Burundi, labor law provides 20 days of paid annual leave (one and two-thirds of a day for every month of service) after completing 12 months of continuous service. Employees have the right to accumulate annual leave for 2 years. #Burundi #ComplianceUpdates #GlobalCompliance

Load More...