Economy of Niger
Population: 22.44 M (2018)
GDP per Capita: 414 USD (2018)
9,290 M.

GDP USD

(2018)

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1,460 M.

EXPORTS USD

(2018)

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3,070 M.

IMPORTS USD

(2018)

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54.37 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.48 % (2018)
GDP of 2010 USD USD 9.10 B. (2018)
GDP Current USD USD 9.29 B. (2018)
GDP per Capita Current USD USD 414 (2018)
GDP per capita, PPP USD 944 (2018)
GDP per Capita, 2010 USD USD 403 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 14.52 % (2018)
Government Spending USD 1.35 B. (2018)
Government Debt % GDP 54.37 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 169.15 (2018)
Trade Openness 48.78 % (2018)
Exports of Goods and Services % GDP 15.74 % (2018)
Exports Goods & Services USD 1.46 B. (2018)
Exports Annual Growth 2.60 % (2018)
Imports as % GDP 33.04 % (2018)
Total Imports USD 3.07 B. (2018)
Foreign Direct Investment % GDP 21.50 % (2018)
Foreign Direct Investment USD 0.46 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP -17.30 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP 3.04 % (2018)
Remittances USD 184 M. (2017)
Balance of Payments USD 15 M. (2010)

Labor Market

Indicator Value
Labor Force 9.20 M. (2019)
Unemployment Rate 0.26 % (2019)
Unemployment Rate Females 0.36 % (2019)
Unemployment Rate Males 0.56 % (2019)
Youth Unemployment (ages 15-24) 0.37 % (2019)
Labor Force Participation Rate 78.68 % (2019)
Labor Force (Percent Female) 42.37 % (2019)
Female Labor Force Participation Rate 67.23 % (2019)
Male Labor Force Participation Rate 90.41 % (2019)
Dependent People 110.88 % (2018)

Agriculture Sector

Indicator Value
Forest Area 0.90 % (2016)
Forest Area km² 11,296 km² (2016)
Agricultural Land 36.06 % (2016)
Agricultural Land km² 456,820 km² (2016)
Employment 75.69 % (2019)
Value added % GDP 39.20 % (2018)
Agriculture Value added USD 3.64 B. (2018)
Crop Production Index 235.70 (2016)
Precipitation 151 mm (2014)
Arable Land 13 % (2016)
Cereal Yield 542 kg/hectare (2017)
Food production index 176 (2016)
Rural Population 84 % (2018)
Fertilizer use of Arable Land 0 kg/hectare (2016)
Livestock Production Index 104 (2016)
Economy of Niger

According to the World Bank and its latest published data, the economy of the Niger presents a growth rate of 6.48 % (2018) to the previous year.

With a population that reaches 22.44 M (2018) and a gross domestic product of USD 9.29 B. (2018), it translates a Gross Domestic Product per Capita of USD 414 placing its inhabitants on the threshold of an Low-income country (according to the World Bank's updated classification).

Niger also has a workforce of 9.20 M. (2019) with an unemployment rate of 0.26 % (2019), where women represent 0.36 % (2019) and men 0.56 % (2019), the unemployment rate for young people between 15-24 years old stood at 0.37 % (2019). The total number of dependent people stands at 110.88 % (2018).

The central government spent 14.52 % (2018) of its gross domestic product that year, which in absolute terms is USD 1.35 B. (2018). Its consolidated public debt reached 54.37 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Niger exported USD 1.46 B. (2018), which represents 15.74 % (2018) of its gross domestic product, in that same sense its imports reached USD 3.07 B. (2018) with a direct foreign investment of USD 0.46 B. (2018).

Niger has a forest area of 11,296 km² (2016), which represents 0.90 % (2016) of its total area, an average rainfall of 151 mm (2014) per year and a population of 84 % (2018) living in rural areas. With a total area of 456,820 km² (2016) available for agriculture and 75.69 % (2019) of its employments, the agricultural sector contributes to the economy of the Niger about USD 3.64 B. (2018) (39.20 % (2018) of its GDP).