A marsh in Niger

Niger Economy

Niger's economy in numbers:

Nominal GDP of USD 15.4 billion in 2022.

GDP per capita of USD 590 compared to the global average of USD 10,589.

Average real GDP growth of 5.3% over the last decade.

Share of the region's population
Share of the region's GDP

Economic structure:

GDP by economic sector
GDP by type of expenditure

Economic growth:

The economy recorded average annual growth of 5.3% in the decade to 2021. To read more about GDP growth in Niger, go to our dedicated page.

Fiscal policy:

Niger's fiscal deficit averaged 3.3% of GDP in the decade to 2021. Find out more on our dedicated page.

Inflation:

Inflation averaged 1.3% in the decade to 2022. Go to our Niger inflation page for extra insight.

Monetary Policy:

Niger's monetary policy rate ended 2022 at 8.77%, on the same level as a decade earlier. See our Niger monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the West African CFA franc weakened by 19.2% vs the U.S. dollar. For more info on the West African CFA franc, click here.
Projections out to 2033.

26 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 5 expert analysts.

Want to get insight on the economic outlook for Niger in the coming years? FocusEconomics collects projections out to 2033 on 26 economic indicators for Niger from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Niger economy. To download a sample report on the Niger's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .

Niger Economic Data

2018 2019 2020 2021 2022
Population (million) 22.4 23.3 24.2 25.1 26.1
GDP (USD bn) 12.8 12.9 13.8 14.9 15.4
GDP per Capita (USD) 569 554 571 592 590
GDP (LCU bn) 7,115 7,565 7,911 8,271 9,632
Economic Growth (Nominal GDP, ann. var. %) 9.5 6.3 4.6 4.6 16.5
Economic Growth (GDP, ann. var. %) 7.0 6.1 3.5 1.4 -
Fiscal Balance (% of GDP) -2.1 -2.6 -3.8 -4.8 -
Public Debt (% of GDP) 37.0 39.8 45.0 51.3 -
Inflation (CPI, ann. var. %, eop) 1.7 -2.4 3.1 4.9 3.1
Inflation (CPI, ann. var. %, aop) 2.8 -2.5 2.7 4.1 4.2
Policy Rate (%, eop) 8.67 8.67 8.77 8.77 8.77
Exchange Rate (XOF per USD, eop) 573 584 535 579 615
Exchange Rate (LCU per USD, aop) 557 586 573 555 626
Current Account Balance (USD bn) -1.6 -1.6 -1.8 -2.1 -
Current Account Balance (% of GDP) -12.7 -12.2 -13.1 -14.1 -
Merchandise Trade Balance (USD bn) -1.7 -1.8 -2.0 -2.3 -2.5
Merchandise Exports (USD bn) 1.2 1.1 1.1 1.2 1.3
Merchandise Imports (USD bn) 2.9 2.9 3.1 3.6 3.8
Merchandise Exports (ann. var. %) -0.3 -6.3 -0.9 8.6 3.6
Merchandise Imports (ann. var. %) 16.9 1.9 6.1 14.4 6.9
Foreign Direct Investment (USD bn) 0.5 0.7 0.4 0.6 0.6
International Reserves (USD bn) 0.0 0.0 0.0 0.0 0.0
International Reserves (months of imports) 0.0 0.0 0.0 0.0 0.0
External Debt (USD bn) 3.2 3.6 4.6 5.0 5.4
External Debt (% of GDP) 24.9 27.8 33.0 33.4 35.2

Free Sample Report

Interested in Niger economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

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