Living Income 2020:
CFA 86,367 per month (US$146)
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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Cover photo credit: Ollivier Girard/CIFOR
About Anker Reference Values
The Anker Reference Value methodology is the next step on our journey to measure and improve Living Wages and Living Incomes around the world. It builds on data and knowledge gained from 40 complete Anker Methodology benchmark studies (published on the GLWC website). Anker Reference Values provide a credible estimate of living wage or income at a country level, for rural and urban areas. They offer an insightful reference beyond the currently available indicators for many countries, which are mostly limited to poverty lines and minimum wages.
While providing a high confidence level, Anker Reference Values can be estimated more quickly than full-fledged Anker benchmarks. With this new, globally scalable and efficient methodology, members of the Coalition, companies, trade unions, and other stakeholders will be able to understand wage and income gaps to decency for many more countries and start working to reduce them. Reference values enable risk assessments and prioritization on a global scale. Full Anker benchmark studies remain our Gold Standard for highly localized measurement of Living Wage and Living Income.