Reference Value Report: Living Income and 2024 Update for Rural Burkina Faso

2024 Reference Value Update Report: Living Income Report for Rural Burkina Faso

Abstract

This report updates the Anker Living Income Reference Value for rural Burkina Faso to 2024. This was CFA 86,367 (USD 146) for 2020 in the original report.2 The updated Anker Living Income for 2024 is CFA 107,006 (USD 176). This update takes into account the amount of inflation to mid-2024 for the country since mid-2020. Accumulated inflation in this period was 23.9%3. Without accounting for inflation, the living income estimated in 2020 would not be sufficient for families to have a basic but decent standard of living in 2024, because the purchasing power of the living income would have decreased.

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Original Report

2020 Reference Value Report: Living Income Report for Rural Burkina Faso

Abstract

The Anker Living Income Reference Value for 2020 for rural Burkina Faso is 86,367 CFA (146 USD) per month with a 95% confidence around it from 75,076 CFA to 99,384 CFA. This is the estimated monthly cost of a basic but decent standard of living for a typical rural family in Burkina Faso.

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