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Indicators of economy in Niger

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Niger, on the other hand, reached USD 591 per capita, or 14.92 billion USD for the whole country. Niger is one of the smaller economies and is currently ranked 129. If this is calculated per inhabitant, taking purchasing power parity into account, then Niger ranks 186th in the list of the richest countries.

Inflation in Niger in 2021 was around 3.84%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 57.1 percent lower.
The index for perceived corruption in the public sector is 31, which is below average by global standards.


Back to overview: Niger

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Niger in 2020 increased from 12.92 billion US dollars to 13.74 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 6.4 percent increase has been rather unusual this year. While most countries have suffered significant losses, Niger has certainly held its own. The unemployment rate rose from 0.6 to 0.6 percent. The consumer inflation rate has risen from -2.5 percent previously to 2.9 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Niger
Total
Niger
per capita
EU
Total
EU
per capita
GDP14.92 bn USD590.63 USD17.177 tn USD33,384.92 USD
Gross national product14.83 bn USD587.07 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2020

 Niger
Total
Niger
per capita
EU
Total
EU
per capita
Imports3.54 bn USD140.27 USD8.916 tn USD17,329.02 USD
Exports1.34 bn USD52.98 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1974 - 2020

Exports
Imports



Niger: AirportsThe 3 airports in NigerThe 3 biggest airports in Niger
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Germany: household debtsDebts an budget deficits in GermanyBudget surplus and deficits in the last 22 years in Germany incl. a comparison to the European Union