Agriculture and livestock
Agriculture and livestock contribute on average 35.5% to the GDP and provide employment and income to 80% of the population. The fundamental objective Government is to increase agricultural production by 5 to 10% per year and raise the income level of farmers and ranchers to at least 3% per person per year. The implementation of such an objective requires the Government to seize all opportunities that exist to implement the potential of these two subsectors.
Industry and mining
The manufacturing industry, mining and BTP also hope to see an acceleration of growth in future years. Indeed, the industrial fabric offers real prospects in the field of food processing and import - substitution;
Gold can be found almost everywhere on the entire national territory, along with numerous other minerals;
Massive sulfide deposits at Perkoa contain more than 6 million tons of zinc ore .
More then 19 million tons of manganese ore deposits have been identified at Tambo.
The tertiary sector
Contributing more than 40% to the GDP, the tertiary sector is the first economic branch of the country that can still consolidate its position.
Given its geographical position in the West African community, our country is challenging in its position of becoming a hub and crossroads of the regional economy especially in the tertiary sector: transport, forwarding, insurance, banking, services related to telecommunications, new technologies of Information and communication ... and hence the theme these days is “Investing in Burkina Faso: a door to the large West African market.”
Handicrafts
Handicrafts occupy about 900 000 people and contributes nearly 30% to the GDP.
This is the 2nd main source of employment after agriculture and Livestock.
Burkina Faso stands today as a showcase for African crafts, organizing every two years the International Handicrafts Show at Ouagadougou (SIAO).
The tourism industry - hospitality -
This sector is booming with nearly 310,000 arrivals in 2007 which today places us at the 5th position at the sub regional level.
The government's efforts to promote the tourism sector – hospitality aim especially at strengthening the regulatory framework activities for more professionalism and quality tourism service.
All this great potential is enhanced by our additional rendez-vous that are the International Handicrafts Show of Ouagadougou (SIAO), the eleventh edition of which was held from 31October to 9 November 2008, Pan African Film Festival of Ouagadougou (FESPACO), the International Book Fair of Ouagadougou (FILO) and the National Cultural Week (SNC).
With its six tourism zones, Burkina Faso can offer visitors a variety of products ranging from business tourism and vacation conventions through hunting and hiking;
Finally, to diversify its promotion strategies as well as to contribute to the development of sub regional tourism, Burkina Faso has created the SITHO, the International Exhibition of Tourism and Hospitality of Ouagadougou
This is a new space for contacts and partnership opportunities that we want to share with all professionals in the tourism and hospitality sector. |
