Economy
Niger
Budget
revenues
$2.325 billion (2019 est.)
expenditures
$2.785 billion (2019 est.)
Exports
Exports 2021
$1.487 billion (2021 est.)
Exports 2022
$1.376 billion (2022 est.)
Exports 2023
$1.223 billion (2023 est.)
Imports
Imports 2021
$4.027 billion (2021 est.)
Imports 2022
$4.194 billion (2022 est.)
Imports 2023
$3.808 billion (2023 est.)
Industries
uranium extraction, oil, cement, bricks, soap, textiles, food processing, chemicals, meat processing facilities
Labor force
10.486 million (2024 est.)
Public debt
Public debt 2016
45.2% of GDP (2016 est.)
Remittances
Remittances 2021
2.4% of GDP (2021 est.)
Remittances 2022
4.7% of GDP (2022 est.)
Remittances 2023
3.7% of GDP (2023 est.)
Exchange rates
Currency
Communaute Financiere Africaine francs (XOF) per US dollar -
Exchange rates 2020
575.586 (2020 est.)
Exchange rates 2021
554.531 (2021 est.)
Exchange rates 2022
623.76 (2022 est.)
Exchange rates 2023
606.57 (2023 est.)
Exchange rates 2024
606.345 (2024 est.)
Debt - external
Debt - external 2023
$3.793 billion (2023 est.)
Economic overview
economy of the low-income Sahel region; significant instability and humanitarian crises hinder economic operations; the COVID-19 pandemic reversed recent poverty alleviation progress; economic recovery has been observed since the reopening of the Nigerian border in December 2020 and the influx of new investments; rich in uranium resources
Unemployment rate
Unemployment rate 2022
0.5% (2022 est.)
Unemployment rate 2023
0.5% (2023 est.)
Unemployment rate 2024
0.4% (2024 est.)
Exports - partners
UAE 31%, France 23%, China 18%, India 6%, Sweden 5% (2023)
Imports - partners
China 26%, France 15%, India 12%, Nigeria 7%, UAE 6% (2023)
Real GDP per capita
Real GDP per capita 2022
$1,700 (2022 est.)
Real GDP per capita 2023
$1,700 (2023 est.)
Real GDP per capita 2024
$1,800 (2024 est.)
Real GDP growth rate
Real GDP growth rate 2022
11.9% (2022 est.)
Real GDP growth rate 2023
1.7% (2023 est.)
Real GDP growth rate 2024
8.4% (2024 est.)
Agricultural products
millet, cowpeas, sorghum, onions, milk, sugarcane, cabbages, cassava, groundnuts, tomatoes (2023)
Exports - commodities
gold, oil seeds, uranium and thorium ore, radioactive chemicals, refined petroleum (2023)
Imports - commodities
rice, aircraft components, iron structures, refined petroleum, centrifuges (2023)
Current account balance
Current account balance 2021
-$2.099 billion (2021 est.)
Current account balance 2022
-$2.5 billion (2022 est.)
Current account balance 2023
-$2.333 billion (2023 est.)
GDP (official exchange rate)
$19.538 billion (2024 est.)
GDP - composition, by end use
household consumption
59.2% (2024 est.)
government consumption
11.8% (2024 est.)
investment in inventories
0% (2024 est.)
investment in fixed capital
18.7% (2024 est.)
exports of goods and services
31.2% (2024 est.)
imports of goods and services
-20.8% (2024 est.)
Population below poverty line
45.5% (2021 est.)
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2022
4.2% (2022 est.)
Inflation rate (consumer prices) 2023
3.7% (2023 est.)
Inflation rate (consumer prices) 2024
9.1% (2024 est.)
Industrial production growth rate
12.1% (2024 est.)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2022
$43.474 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$44.199 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$47.921 billion (2024 est.)
Youth unemployment rate (ages 15-24)
male
0.4% (2024 est.)
total
0.3% (2024 est.)
female
0.2% (2024 est.)
GDP - composition, by sector of origin
industry
17.8% (2024 est.)
services
45.4% (2024 est.)
agriculture
33.8% (2024 est.)
Household income or consumption by percentage share
lowest 10%
3.8% (2021 est.)
highest 10%
27.8% (2021 est.)
Gini Index coefficient - distribution of family income
Gini Index coefficient - distribution of family income 2021
32.9 (2021 est.)