Browse additional economic indicators and data sets

Niger

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)
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)

Inflation & Debt

Inflation 2015: 1%
2016: 0.2%
2017: 0.2%
2018*: 2.7%
2019*: -1.3%

(*Estimate)
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

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

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
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

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