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Niger Economy
Niger Economy: A summary of information about Niger Economy, from government research data as well as independent research and other sources.
Niger: Economy
Economy - overview
Niger is a poor, landlocked Sub-Saharan nation, whose economy centers on subsistence agriculture, animal husbandry, reexport trade, and increasingly less on uranium, its major export since the 1970s. The 50% devaluation of the West African franc in January 1994 boosted exports of livestock, cowpeas, onions, and the products of Niger's small cotton industry. The government relies on bilateral and multilateral aid - which was suspended following the April 1999 coup d'etat - for operating expenses and public investment. Short-term prospects depend on upcoming negotiations with the World Bank and the IMF on debt relief and extended aid.
GDP
purchasing power parity - $9.6 billion (1999 est.)
GDP - real growth rate
2% (1999 est.)
GDP - per capita
purchasing power parity - $1,000 (1999 est.)
GDP - composition by sector
agriculture: 40% industry: 18% services: 42% (1998)
Population below poverty line
NA%
Household income or consumption by percentage share
lowest 10%: 3% highest 10%: 29.3% (1992)
Inflation rate (consumer prices)
4.8% (1999)
Labor force
70,000 receive regular wages or salaries
Labor force - by occupation
agriculture 90%, industry and commerce 6%, government 4%
Unemployment rate
NA%
Budget
revenues: $377 million, including $146 million from foreign sources expenditures: $377 million, including capital expenditures of $105 million (1999 est.)
Industries
uranium mining, cement, brick, textiles, food processing, chemicals, slaughterhouses
Industrial production growth rate
NA%
Electricity - production
180 million kWh (1998)
Electricity - production by source
fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (1998)
Electricity - consumption
363 million kWh (1998)
Electricity - exports
0 kWh (1998)
Electricity - imports
196 million kWh (1998)
Agriculture - products
cowpeas, cotton, peanuts, millet, sorghum, cassava (tapioca), rice; cattle, sheep, goats, camels, donkeys, horses, poultry
Exports
$269 million (f.o.b., 1997)
Exports - commodities
uranium ore 65%, livestock products, cowpeas, onions (1998 est.)
Exports - partners
US, Greece, Japan, France, Nigeria, Benin
Imports
$295 million (c.i.f., 1997)
Imports - commodities
consumer goods, primary materials, machinery, vehicles and parts, petroleum, cereals
Imports - partners
France, Cote d'Ivoire, US, Benelux, Nigeria
Debt - external
$1.3 billion (1999 est.)
Economic aid - recipient
$222 million (1995)
Currency
1 Communaute Financiere Africaine franc (CFAF) = 100 centimes
Exchange rates
Communaute Financiere Africaine francs (CFAF) per US$1 - 670 (January 2000), 560.01 (January 1999), 589.95 (1998), 583.67 (1997), 511.55 (1996), 499.15 (1995) note: since 1 January 1999, the CFAF is pegged to the euro at a rate of 655.957 CFA francs per euro
Fiscal year
calendar year
