Niger real GDP growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Niger economic outlook, debt to GDP ratio, international trade performance and population trends.
Basic Information
Government Type: Semi-presidential republic
Capital City: Niamey
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank |
Central Bank of West African States (BCEAO) |
---|---|
Currency |
Communaute Financiere Africaine francs (XOF) |
International Reserves | N/A |
Gross Domestic Product – GDP |
USD 9.2 billion (2019, estimate) |
GDP (Purchasing Power Parity) |
Intl$ 23.5 billion (2018, estimate) |
GDP Data
Real GDP growth |
2014: 7.5% 2015: 4.3% 2016: 4.9% 2017*: 4.9% 2018*: 5.2% (*Estimate) |
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GDP per capita – current prices |
USD 477.1 (2018, estimate) |
GDP per capita – PPP |
Intl$ 1,216.8 (2018, estimate) |
GDP (PPP) – share of world total |
0.2% (2019) |
GDP – composition by sector |
agriculture: 39.7% industry: 15.9% services: 38.3% (2016 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2015: 1% 2016: 0.2% 2017: 0.2% 2018*: 2.7% 2019*: -1.3% (*Estimate) |
Niger
Inflation & Debt
Inflation |
2015: 1% 2016: 0.2% 2017: 0.2% 2018*: 2.7% 2019*: -1.3% (*Estimate) |
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Government Bond Ratings |
Standard & Poor’s: N/A Moody’s: N/A Standard & Poor’s / Moody’s (Updated January 2017) |
Unemployment rate | N/A |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2015: 39.9% 2016: 44.6% 2017: 54.4% 2018*: 53.8% 2019*: 55.8% (*Estimate) |
Public deficit (General government net lending/borrowing as a % of GDP) |
2015: 9% 2016: -6.1% 2017: -5.7% 2018*: -4.1% 2019*: -4.2% (*Estimate) |
Market value of publicly traded shares | N/A |
Largest Companies | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) |
16.6% (2015) |
---|---|
Shares in world total merchandising export |
0.01% (2018) |
Shares in world total commercial services export |
0.004% (2018) |
Total exports |
USD 1.1 billion (2016 estimate) |
Export commodities |
Uranium ore, livestock, cowpeas, onions |
Total imports |
USD 3.3 billion (2018 estimate) |
Import commodities |
Foodstuffs, machinery, vehicles and parts, petroleum, cereals |
Exports – major partners |
France 30.2%, Thailand 18.3%, Malaysia 9.9%, Nigeria 8.3%, Mali 5%, Switzerland 4.9% (2017) |
Imports – major partners |
France 28.8%, China 14.4%, Malaysia 5.7%, Nigeria 5.4%, Thailand 5.3%, US 5.1%, India 4.9% (2017) |
Competitiveness & Trade
Current account balance |
USD 1.7 billion (2018 estimate) |
---|---|
Current account balance by percentage of GDP |
-18.1% (2018 estimate) |
FDI inflows |
2016: USD 301 million 2017: USD 338 million 2018: USD 460 million |
FDI Outflows |
2016: USD 40 million 2017: USD 29 million 2018: USD 44 million |
Value of cross-border M&A, by country of purchaser |
N/A United Nations Conference on Trade and Development (UNCTAD) – World Investment Report |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
Best countries for doing business |
Overall ranking: 132 out of 190 countries Starting a Business: 56 out of 190 countries Dealing with Construction Permits: 180 out of 190 countries Getting Electricity: 159 out of 190 countries Registering Property: 115 out of 190 countries Getting Credit: 48 out of 190 countries Protecting Minority Investors: 120 out of 190 countries Paying Taxes: 169 out of 190 countries Trading across Borders: 126 out of 190 countries Enforcing Contracts: 114 out of 190 countries Resolving Insolvency: 114 out of 190 countries World Bank – Doing Business 2019 |
Global competitiveness ranking | 81 out of 141 (2019) |
Index of Economic Freedom |
Ranking: 151 / Score: 51.6 (Mostly unfree) |
Population & Geographic Data
Time Zone |
UTC+1 |
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Total Area |
1.267 million sq km |
Total Population |
1990: 8.2 million 2000: 11.3 million 2010*: 16.5 million 2015*: 20 million 2020*: 24.2 million (*Estimate) |
Urban population as % of total population |
1960: 15.4% 1980: 22% 2000: 34.8% 2018: 50.3% |
Population median age |
15.5 years (2018 estimate) |
Population growth rate |
3.16% (2018 estimate) |
Life expectancy |
56.3 years (2018 estimate) |
% of population living on less than $3.10 a day |
76.9% (2014 estimate) |
Inequality of wealth distribution (Gini index) |
34.3 (2014) (0=perfect equality, 100=absolute inequality) |
Freedom House rating |
Partly Free Political Rights: 4 Civil Liberties: 4 (2019) (1 represents the most free, 7 the least free rating) |
Total telephone subscribers as % of population | Fixed: 0.5% Mobile: 40.6% (2017) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population |
5.25% (2018) |
Language & Religon
Languages |
French (official), Hausa, Djerma |
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Literacy |
Total population: 19.1% Male: 27.3% Female: 11% Definition: age 15 and over can read and write (2015 est. |
Religions |
Muslim 99.3%, Christian .3%, animist .2%, none .1% (2012 est.) |
World Rankings
Population | 24.2 M |
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Mercer Cost of living index | N/A |
C02 Emissions per capita |
0.11 (2014) |
Global Finance Rankings & Awards: Niger
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000