Niger - Economy
How is the economy of Niger? Based on the information we have, Niger has a low-income Sahel economy; major instability and humanitarian crises limit economic activity; COVID-19 eliminated recent antipoverty gains; economy rebounding since December 2020 Nigerian border reopening and new investments; uranium resource rich. Key agricultural products in this country include: millet, cowpeas, sorghum, onions, milk, sugarcane, cabbages, cassava, groundnuts, tomatoes (2023).
More about the economy of Niger
Labor force 10.486 million (2024 est.)
Industrial production growth rate 12.1% (2024 est.)
Industries uranium mining, petroleum, cement, brick, soap, textiles, food processing, chemicals, slaughterhouses
Population below poverty line 45.5% (2021 est.)
Taxes and other revenues
Fiscal year
Exchange rates
Currency Communaute Financiere Africaine francs (XOF) per US dollar -
Exchange rates 2024 606.345 (2024 est.)
Exchange rates 2023 606.57 (2023 est.)
Exchange rates 2022 623.76 (2022 est.)
Exchange rates 2021 554.531 (2021 est.)
Exchange rates 2020 575.586 (2020 est.)
Debt - external
Debt - external 2023 $3.793 billion (2023 est.)
Current account balance
Current account balance 2023 -$2.333 billion (2023 est.)
Current account balance 2022 -$2.5 billion (2022 est.)
Current account balance 2021 -$2.099 billion (2021 est.)
Budget
Revenues $2.325 billion (2019 est.)
Expenditures $2.785 billion (2019 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 3.7% of GDP (2023 est.)
Remittances 2022 4.7% of GDP (2022 est.)
Remittances 2021 2.4% of GDP (2021 est.)
Household income
Lowest 10% 3.8% (2021 est.)
Highest 10% 27.8% (2021 est.)
Imports
Imports 2023 $3.808 billion (2023 est.)
Imports 2022 $4.194 billion (2022 est.)
Imports 2021 $4.027 billion (2021 est.)
Imports (partners) China 26%, France 15%, India 12%, Nigeria 7%, UAE 6% (2023)
Comodities Imports force rice, aircraft parts, iron structures, refined petroleum, centrifuges (2023)
Exports
Imports 2023 $3.808 billion (2023 est.)
Imports 2022 $4.194 billion (2022 est.)
Imports 2021 $4.027 billion (2021 est.)
Exports (partners) UAE 31%, France 23%, China 18%, India 6%, Sweden 5% (2023)
Comodities Exports force gold, oil seeds, uranium and thorium ore, radioactive chemicals, refined petroleum (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $47.921 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $44.199 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $43.474 billion (2022 est.)
GDP (official exchange rate) $19.538 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $1,800 (2024 est.)
Real GDP per capita 2023 $1,700 (2023 est.)
Real GDP per capita 2022 $1,700 (2022 est.)
GDP - composition, by sector of origin
Agriculture 33.8% (2024 est.)
Industry 17.8% (2024 est.)
Services 45.4% (2024 est.)
GDP - composition, by end use
Household consumption 59.2% (2024 est.)
Government consumption 11.8% (2024 est.)
Investment in fixed capital 18.7% (2024 est.)
Investment in inventories 0% (2024 est.)
Exports of goods and services 31.2% (2024 est.)
Imports of goods and services -20.8% (2024 est.)
Unemployment rate
Unemployment rate 2024 0.4% (2024 est.)
Unemployment rate 2023 0.5% (2023 est.)
Unemployment rate 2022 0.5% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 0.3% (2024 est.)
Male 0.4% (2024 est.)
Female 0.2% (2024 est.)
All Important Facts about Niger

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Niger is found in Western Africa