Economy - overview:
Niger is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes about 40% of GDP and provides livelihood for about 80% of the population. Niger also has sizable reserves of oil, and oil production, refining, and exports are expected to grow significantly between 2011 and 2016. Drought, desertification, and strong population growth have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translated into the forgiveness of approximately US $86 million in debts to the IMF, excluding the remaining assistance under HIPC. The economy was hurt when the international community cut off non-humanitarian aid in response to TANDJA's moves to extend his term as president. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. The governmant has announced an expansionary budget for 2012 with anticipated revenue increases from uranium, oil production, and donor aid, and it has made efforts to secure a new three-year extended credit facility with the IMF following the one that completed in 2011. Food security remains a problem in the north of the country, exacerbated by the return of Libyan migrants.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Niger on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Niger Economy 2012 information contained here. All suggestions for corrections of any errors about Niger Economy 2012 should be addressed to the CIA.
$11.93 billion (2011 est.)
country comparison to the world: 148
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$6.5 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
5.5% (2011 est.)
country comparison to the world: 59
[see also: GDP - real growth rate country ranks ]
$800 (2011 est.)
country comparison to the world: 216
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 40.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 16.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 46.5% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
4.688 million (2007)
country comparison to the world: 79
[see also: Labor force country ranks ]
agriculture: 90%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 6%
[see also: Labor force - by occupation - industry country ranks ]
services: 4% (1995)
[see also: Labor force - by occupation - services country ranks ]
NA%
[see also: Unemployment rate country ranks ]
63% (1993 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 3.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 28.5% (2007)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
34 (2007)
country comparison to the world: 95
[see also: Distribution of family income - Gini index country ranks ]
36.1% of GDP (2011 est.)
country comparison to the world: 15
[see also: Investment (gross fixed) country ranks ]
revenues: $864 million (includes $134 million from foreign sources)
[see also: Budget revenues country ranks ]
expenditures: $1.366 billion (2011 est.)
[see also: Budget expenditures country ranks ]
13.3% of GDP (2011 est.)
country comparison to the world: 195
[see also: Taxes and other revenues country ranks ]
-7.7% of GDP (2011 est.)
country comparison to the world: 183
[see also: Budget surplus (+) or deficit (-) country ranks ]
4% (2011 est.)
country comparison to the world: 97
[see also: Inflation rate (consumer prices) country ranks ]
4.25% (31 December 2009)
country comparison to the world: 79
[see also: Central bank discount rate country ranks ]
4.5% (31 December 2011 est.)
country comparison to the world: 169
[see also: Commercial bank prime lending rate country ranks ]
$1.063 billion (31 December 2011 est.)
country comparison to the world: 143
[see also: Stock of narrow money country ranks ]
$1.329 billion (31 December 2011 est.)
country comparison to the world: 160
[see also: Stock of broad money country ranks ]
$814.4 million (31 December 2011 est.)
country comparison to the world: 161
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
cowpeas, cotton, peanuts, millet, sorghum, cassava (tapioca), rice; cattle, sheep, goats, camels, donkeys, horses, poultry
uranium mining, cement, brick, soap, textiles, food processing, chemicals, slaughterhouses
5.1% (2003 est.)
country comparison to the world: 66
[see also: Industrial production growth rate country ranks ]
200 million kWh (2008 est.)
country comparison to the world: 178
[see also: Electricity - production country ranks ]
626 million kWh (2008 est.)
country comparison to the world: 158
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
440 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 206
[see also: Oil - production country ranks ]
6,000 bbl/day (2010 est.)
country comparison to the world: 164
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 197
[see also: Oil - exports country ranks ]
5,443 bbl/day (2009 est.)
country comparison to the world: 153
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 106
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 113
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 152
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 102
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 173
[see also: Natural gas - proved reserves country ranks ]
-$1.294 billion (2011 est.)
country comparison to the world: 140
[see also: Current account balance country ranks ]
$1.124 billion (2011 est.)
country comparison to the world: 152
[see also: Exports country ranks ]
uranium ore, livestock, cowpeas, onions
Nigeria 68.3%, US 12.2%, Ghana 9.8% (2010)
$1.952 billion (2011 est.)
country comparison to the world: 160
[see also: Imports country ranks ]
foodstuffs, machinery, vehicles and parts, petroleum, cereals
China 17.8%, France 16.5%, French Polynesia 7.2%, Nigeria 6.7%, Algeria 5.3%, Cote dIvoire 4.9% (2010)
$706.2 million (31 December 2011 est.)
country comparison to the world: 145
[see also: Reserves of foreign exchange and gold country ranks ]
$990.9 million (31 December 2009 est.)
country comparison to the world: 156
[see also: Debt - external country ranks ]
Communaute Financiere Africaine francs (XOF) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12