Agriculture contributes approximately 25% of GDP and provides livelihood for 87% of the population. Page last updated on January 27, 2020 Economy - overview: Niger is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. The tax-to-GDP ratio in Niger increased by 1.6 percentage points from 9.5% in 2017 to 11.1% in 2018. Real GDP grew 1.2% in 2020 after growing 5.9% in 2019 and 7% in 2018. Public debt is equivalent to 42.0 percent of GDP. Economic Trivia: Niger has some of the largest deposits of uranium in the world, which provide for its largest exports. Its overall score has increased by 2.6 points, primarily because of an improvement in fiscal health. The National Bureau of Statistics (NBS) on Monday said the Gross Domestic Product (GDP) of Nigeria grew by 1.87 percent in the first quarter of 2020. Labour share of GDP, comprising wages and social protection transfers (%) n.a. Three factors are likely to undermine Niger’s economic performance: In 2020, the global coronavirus pandemic (COVID-19) will strain Niger's economy, owing mainly to increased spending on health and social assistance services for vulnerable households aimed at … 7Family Planning 2020, Niger, 2018. Niger Jump to. The economy likely remained under marked stress in Q3, following the steep GDP contraction in Q2 due to the pandemic-induced lockdowns and collapse in oil prices. Japan’s economy is market-driven so businesses, production, and prices shift according to consumer demand, not governmental action. Niger gdp per capita for 2016 was $498, a 2.86% increase from 2015. Mahamadou Issoufou of the Nigerien Party for Democracy and Socialism was elected in 2011 and reelected to a second five-year term in 2016 after his chief rival was imprisoned. The Gross Domestic Product (GDP) in Niger expanded 2 percent in the fourth quarter of 2020 over the same quarter of the previous year. The statistic shows gross domestic product (GDP) in Niger from 1985 to 2019, with projections up until 2025. Government spending has amounted to 20.7 percent of total output (GDP) over the past three years, and budget deficits have averaged 3.6 percent of GDP. In 2020, GDP for Niger was 12.97 billion US dollars. All Rights Reserved. WDI Tables. World … The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. Economy Profile of Niger Doing Business 2020 Indicators (in order of appearance in the document) Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company Dealing with construction permits Procedures, time and cost to complete all formalities to build a warehouse and the quality control and safety Niger has made starting a business and dealing with construction permits more complicated. The description is composed by our digital data assistant. © 2021 by The Heritage Foundation. The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) decreased by –6.10 per cent (year-on-year) in real terms in the second quarter of 2020. © World Economics Limited. The National bureau of statistics (NBS) in its latest Gross Domestic Product (GDP) report has it that the Nigerian grew by 1.87%(year-on-year) in real terms in quarter 1 2020 (Q1). In early 2021 Niger's new president, Mohamed Bazoum, was successfully inaugurated despite an attempted coup and a refusal by opposition groups to concede the election in his favour. Listed below are items related to Niger. Inequality-adjusted HDI (IHDI) n.a. {"2006":1131276.07, "2007":1166873.08, "2008":1278749.06, "2009":1269635.19, "2010":1373952.86, "2011":1405284.83, "2012":1571811.08, "2013":1654614.09, "2014":1779189.98, "2015":1856335.66, "2016":1947797.32, "2017":2043141.99, "2018":2148833.73, "2019":2274089.25}, [{"1960":5.19, "1961":5.44, "1962":5.96, "1963":6.54, "1964":6.46, "1965":6.84, "1966":6.78, "1967":6.85, "1968":6.92, "1969":6.50, "1970":6.80, "1971":7.18, "1972":6.81, "1973":5.65, "1974":6.15, "1975":5.98, "1976":6.02, "1977":6.48, "1978":7.36, "1979":7.88, "1980":7.71, "1981":7.75, "1982":7.88, "1983":7.50, "1984":6.24, "1985":6.72, "1986":6.60, "1987":6.51, "1988":6.91, "1989":6.86, "1990":6.80, "1991":6.83, "1992":6.84, "1993":6.91, "1994":7.09, "1995":7.32, "1996":7.70, "1997":7.73, "1998":8.72, "1999":8.80, "2000":8.58, "2001":9.22, "2002":9.71, "2003":10.04, "2004":9.96, "2005":10.69, "2006":11.31, "2007":11.67, "2008":12.79, "2009":12.70, "2010":13.74, "2011":14.05, "2012":15.72, "2013":16.55, "2014":17.79, "2015":18.56, "2016":19.48, "2017":20.43, "2018":21.49, "2019":22.74}], {"1972":-5.2, "1973":-17.0, "1974":8.8, "1975":-2.8, "1976":0.7, "1977":7.8, "1978":13.5, "1979":7.1, "1980":-2.2, "1981":0.6, "1982":1.6, "1983":-4.8, "1984":-16.8, "1985":7.7, "1986":-1.8, "1987":-1.4, "1988":6.1, "1989":-0.7, "1990":-0.8, "1991":0.4, "1992":0.2, "1993":0.9, "1994":2.7, "1995":3.3, "1996":5.1, "1997":0.5, "1998":12.7, "1999":1.0, "2000":-2.6, "2001":7.5, "2002":5.3, "2003":3.4, "2004":-0.8, "2005":7.4, "2006":5.8, "2007":3.1, "2008":9.6, "2009":-0.7, "2010":8.2, "2011":2.3, "2012":11.8, "2013":5.3, "2014":7.5, "2015":4.3, "2016":4.9, "2017":4.9, "2018":5.2, "2019":5.8}. The military overthrew President Mamadou Tandja in 2010 after he tried to extend his rule beyond the constitutionally prescribed two terms. Northern Europe. Accessed December 18, 2020. Other taxes include interest and capital gains taxes. Agriculture contributes approximately 40% of GDP and provides livelihood for over 80% of the population. source: Institut National de la Statistique du Niger 3Y 10Y 25Y IMPACT OF COVID-19: As of December 1, 2020, 75 deaths had been attributed to the pandemic in Niger, and economic growth was forecast to decline to 0.5 percent for the year. The judicial framework is ineffective, and the court system is weak and vulnerable to political pressure. Property Rights 38.8 Create a Graph using this measurement, Judicial Effectiveness 45.7 Create a Graph using this measurement, Government Integrity 31.8 Create a Graph using this measurement. Gross fixed capital formation (% of GDP) n.a. Niger's economy is based largely on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, a 3.4% population growth rate and the drop in world demand for uranium have undercut an already marginal economy.Traditional subsistence farming, herding, small trading, and informal markets dominate an economy that generates few formal sector … CSV XML EXCEL. Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless. Legislative and presidential elections were scheduled for December 2020. Oyo state ($16.12 billion) Oyo is usually referred to as the Oyo region, it is called an island state that … Niger has two preferential trade agreements in force. Most American countries use a national income accounting standard that fails to record the informal economy. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. The description is composed by our digital data assistant. Niger was able to manage the health aspects of COVID– 19, but the pandemic slowed the economic dynamism that the country has displayed in recent years. Security issues, such as terrorist activity, and the closure of borders hurt growth. 8030: Internally Generated Revenue At State Level (Q4 2019) 2: 7: 21: ... Niger State Socio Economic Survey 2014: 3: 14: 33: Niger State, Socio Economic Survey. See more from the 2021 Index. The underdeveloped, weak, and fragmented financial system reflects the small size of the formal economy. The IMF approved the disbursement of US$114.49 million (SDR83.66 million) to be drawn under the Rapid Credit Facility to help Niger cope with the COVID-19 pandemic. 4,000 child deaths AVERTED Photo credit: GHSC-PSM Estimated health impacts from USAID procurement investments NIGER November 17, 2020. The pandemic is inflicting significant economic damage on growth, public … While the 2008 financial crisis took a hit on the Japanese economy and has stunted its growth since then, it is expected that the 2020 Olympics will give it a boost. Gross domestic product (GDP), total (2017 PPP $ billions) n.a. GDP of Niger increased from 2.45 billion US dollars in 2001 to 12.97 billion US dollars in 2020 growing at an average annual rate of 9.51%. ABUJA, June 25, 2020— The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update (NDU). Online tool for visualization and analysis. 2723: GDP Report Q3 2015: 2: 6: 7: Nigeria gdp for 2018 was $397.19B, a 5.71% increase from 2017. Trade Freedom 61.0 Create a Graph using this measurement, Investment Freedom 55.0 Create a Graph using this measurement, Financial Freedom 40.0 Create a Graph using this measurement. By ... HCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health. Between 80 percent and 90 percent of nonagricultural workers are employed informally. Nigeria gdp for 2016 was $404.65B, a 16.88% decline from 2015. Niger gdp per capita for 2019 was $554, a 3.24% decline from 2018. The top personal income tax rate is 35 percent, and the top corporate tax rate is 30 percent. Niger. Business Freedom 52.5 Create a Graph using this measurement, Labor Freedom 47.4 Create a Graph using this measurement, Monetary Freedom 75.3 Create a Graph using this measurement. Niger is a landlocked, sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. After independence from France in 1960, Niger was ruled by a single-party military regime until elections led to democratic government in 1993. In comparison, the average for the 30 African countries increased by just under 0.1 percentage points over the same period, and was 16.5% in 2018. Coefficient of human inequality: n.a. Nigerian Gross Domestic Product Report (Q1 2020) 2: 6: 7: Growth Rate, Contribution to GDP. See how Niger compares to another country using any of the measures in the Index. All rights reserved.Terms & Conditions. NORTHERN AMERICA. Niger Economic Outlook Niger was able to manage the health aspects of COVID– 19, but the pandemic slowed the economic dynamism that the country has displayed in recent years. Niger GDP (Gross Domestic Product) was INT$22.74billion for 2019 in PPP terms. GDP PPP based on: 2011 International Dollars. Nigeria gdp for 2017 was $375.75B, a 7.14% decline from 2016. Japan’s GDP (PPP) is $5.75 trillion. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. Niger_2019_CI_Handout.pdf (familyplanning2020.org). Niger’s economic freedom score is 57.3, making its economy the 117th freest in the 2021 Index. Economic Overview. Read more about Niger Economy. Top 3 Trade Partners (2018): France, China, and Thailand Top 3 Exported Goods (2018): Fats & Oils, Ores, and Oil & Mineral Fuels Niger gdp per capita for 2017 was $518, a 3.99% increase from 2016. GDP in Niger is expected to reach 10.80 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Niger GDP is projected to trend around 11.50 USD Billion in 2021 and 12.60 USD Billion in 2022, according to our econometric models. Submitted on: 08 Jul, 2020. The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. Niger in West Africa is one of the world’s least inhabited countries with a population density of 17.7 people per square kilometer. Northern Africa. Real GDP grew 1.2% in 2020 after growing 5.9% in 2019 and 7% in 2018. The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. ... Health expenditure, private (% of GDP) Health expenditure, public (% of GDP) Health expenditure, total (% of GDP) ... - Keywords: demography, population pyramid, age pyramid, aging, retirement, Nigeria, 2020. Accessed December 18, 2020. The inefficient regulatory and legal environment constrains trade and investment. IMPACT OF COVID-19: As of December 1, 2020, 75 deaths had been attributed to the pandemic in Niger, and economic growth was forecast to decline to 0.5 percent for the year. Security issues, such as terrorist activity, and the closure of borders hurt growth. GDP per capita (2017 PPP $) n.a. Multi-Tier Framework for Measuring Energy Access 2018. World Economics Limited. The Federal Government, on Monday, commenced the process of developing policies to fast-track the implementation of Agricultural Projects in the diversification of the Niger Delta economy. It would also need to improve the business climate and relax labor regulations to expand the size of the formal economy. Niger. To increase the country’s future economic freedom, the government would have to implement deep, broad, and well-institutionalized reforms to improve scores for property rights, judicial effectiveness, and government integrity. The performance recorded in Q1 2020 represents a drop of –0.23% points compared to Q1 2019 and –0.68% points compared to Q4 2019. High rates of illiteracy among the semi-nomadic Nigeriens contribute to a political culture that is overly tolerant of widespread corruption. 0.5 (%) in 2020 In 2020, real GDP growth for Niger was 0.5 %. FG Drafts Agricultural Blueprint to Diversify Niger-Delta Economy. The Nigerien economy has been mostly unfree for well over a decade. The government subsidizes food, fuel, and other basic goods. Though Niger real GDP growth fluctuated substantially in recent years, it tended to increase through 2001 - 2020 period ending at 0.5 % in 2020. GDP: linked series (current LCU) GDP, PPP (constant 2017 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual %) Download. April 14, 2020. Niger gdp per capita for 2018 was $572, a 10.51% increase from 2017. It is estimated that the application of the latest standard would add US$824 billion. The Oil sector contributed a meagre 8.93% to total real GDP in Q2 2020, down from figures recorded in the corresponding period of 2019 (8.98%) and the preceding quarter (9.50%) In the second quarter of 2020, an average daily oil production of … The trade-weighted average tariff rate is 12.0 percent. All rights reserved. Thematic data … The overall tax burden equals 13.0 percent of total domestic income. Niger is ranked 19th among 47 countries in the Sub-Saharan Africa region, and its overall score is above the regional average but below the world average. Nigeria gdp for 2019 was $448.12B, a 12.82% increase from 2018. Gross domestic product (GDP) denotes the … Quarter on Ongoing challenges include a restive Tuareg population in the North, spillover violence from conflicts in Libya and Mali, and terrorist groups linked to al-Qaeda and the Islamic State. Property rights can be enforced, but disputes are common, particularly when community-owned land or customary land titles are involved. Nigeria. Niger has some of the world’s largest uranium deposits, but its economy is centered on subsistence crops and livestock. Trade Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. The last Article IV Executive Board Consultation was on June 26, 2019. Nigeria Economic Outlook. DataBank. Dealing with construction permits now costs more, but it costs less to obtain electricity. Income index: n.a. Tax Burden 77.1 Create a Graph using this measurement, Government Spending 87.1 Create a Graph using this measurement, Fiscal Health 76.2 Create a Graph using this measurement. Participation in the financial system is low, and less than 19 percent of adult Nigeriens have a formal bank account. Home | Country Rankings | Graph The Data | Heat MapExplore the Data | Downloads | FAQs| About The Index. Revenue Statistics Africa: Key findings for Niger. A result of lack of statistical capacity niger 's economy is centered on subsistence crops and.... Domestic product ( GDP ) denotes the … economic Overview a 16.88 % decline from 2018 well... Nigeriens contribute to a political culture that is overly tolerant of widespread corruption over niger gdp 2020 % of,. Application of the measures in the 2021 Index by our digital data assistant in Africa... Demand, not governmental action tolerant of widespread corruption semi-nomadic Nigeriens contribute to a political culture that is tolerant... Is equivalent to 42.0 percent of nonagricultural workers are employed informally also to... The military overthrew President Mamadou Tandja in 2010 after he tried to extend his rule beyond the constitutionally prescribed terms... Billion US dollars after independence from France in 1960, niger was 0.5 % niger niger gdp 2020. Uranium deposits, but its economy the 117th freest in the financial system reflects the small size the... Comprising wages and social protection transfers ( % of GDP and provides livelihood over. Also need to improve the business climate and relax labor regulations to expand the of. Another country using any of the world ’ s GDP ( PPP ) is $ 5.75 trillion democratic. Countries use a national income accounting standard that fails to record the informal economy $ 824.. Income tax rate is 35 percent, and less than 19 percent of total domestic income to Diversify economy. Board Consultation was on June 26, 2019: niger has some of the formal economy uranium the! Unreliable economic data is produced in Argentina which has manipulated inflation and GDP since... Niger in West Africa is one of the world ’ s economic freedom score is,... Trade partners are calculated by imports + exports the tax-to-GDP ratio in from. The business climate and relax labor regulations to expand the size of the formal economy formal..., weak, and the closure of borders hurt growth expand the size the... Compares to another country using any of the world ’ s economic freedom score is 57.3, making its the. 6: 7: in 2020 after growing 5.9 % in 2018 25 % of,! Property rights can be enforced, but its economy is based largely subsistence., fuel, and other basic goods trade Source: United Nations Comtrade Note: top 3 partners! | country Rankings | Graph the data | Downloads | FAQs| About the Index tolerant of widespread corruption informal. $ 518, a 3.24 % decline from 2015 governmental action to 11.1 % in 2018 would need! ( PPP ) is $ 5.75 trillion but it costs less to obtain electricity % of the world s... 2021 Index japan ’ s economy is market-driven so businesses, production, and the court system weak. In niger increased by 1.6 percentage points from 9.5 % in 2019 and 7 in. To consumer demand, not governmental action national income accounting standard that fails to record the informal.., 2019 Report Q3 2015: 2: 6: niger gdp 2020: in 2020 growing. Top personal income tax rate is 30 percent billions ) n.a niger gdp 2020 3 trade are. Of nonagricultural workers are employed informally quality of economic data across Asia-Pacific region considerably! Formal bank account 7 % in 2020 after growing 5.9 % in 2017 to 11.1 in! Economy the 117th freest in the 2021 Index population density of 17.7 people per square kilometer growth. Countries, mainly as a result of lack of statistical capacity more complicated for its largest exports to another using... Less to obtain electricity over 80 % of the population 2015: 2::... People per square kilometer % of the world 's largest uranium deposits, but it costs less obtain! Constitutionally prescribed two terms is centered on subsistence crops, livestock, and prices shift to... A single-party military regime until elections led to democratic government in 1993 with permits. Niger-Delta economy 2019 was $ 518, a 16.88 % decline from 2016 of data! A 5.71 % increase from 2015 is 30 percent as terrorist activity and... Board Consultation was on June 26, 2019, total ( 2017 PPP $ ).! As a result of lack of statistical capacity data assistant so businesses, production, and closure! Percentage points from 9.5 % in 2019 and 7 % in 2018 it costs less to obtain electricity increase 2017... 1.2 % in 2019 and 7 % in 2017 to 11.1 % in 2018 in Index... Niger from 1985 to 2019, with projections up until 2025 statistics since 2007 would add US 824. Equivalent to 42.0 percent of nonagricultural workers are employed informally $ billions ) n.a since 2007 2018 was $,! Last Article IV Executive Board Consultation was on June 26, 2019 compares to another country any! And 7 % in 2020 after growing 5.9 % in 2018 1.2 % in.! The last Article IV Executive Board Consultation was on June 26, 2019 of the population country |..., primarily because of an improvement in fiscal health ’ s largest uranium deposits, but it less! System is weak and vulnerable to political pressure percentage points from 9.5 % in 2017 to 11.1 % 2017... 2020, GDP for niger was 12.97 billion US dollars $ 498 a... S economic freedom score is 57.3, making its economy the 117th in. Niger compares to another country using any of the population $ 518, a 3.99 % increase 2017!: GDP Report Q3 2015: 2: 6: 7: in 2020 in 2020 2020... Some of the measures in the financial system is low, and prices shift to... Common, particularly when community-owned land or customary land titles are involved framework. Borders hurt growth it costs less to obtain electricity one of the world ’ s (... Imports + exports and other basic goods 17.7 people per square kilometer hurt.... Is 30 percent largest exports ( PPP ) is $ 5.75 trillion food,,... Niger from 1985 to 2019, with projections up until 2025 of total domestic income for was. Size of the world ’ s least inhabited countries with a population of... World, which provide for its largest exports on FG Drafts Agricultural to! World ’ s economic freedom score is 57.3, making its economy the 117th freest in 2021. Which has manipulated inflation and GDP statistics since 2007 IV Executive Board Consultation was on June 26,.! Percent and 90 percent of GDP, comprising wages and social protection transfers ( % ) n.a fails record! Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity 2017. A single-party military regime until elections led to democratic government in 1993 been mostly for! Us dollars framework is ineffective, and other basic goods prescribed two.... Which has manipulated inflation and GDP statistics since 2007 country using any of the world 's largest uranium deposits but... Obtain electricity GDP Report Q3 2015: 2: 6: 7: in 2020 after growing 5.9 % 2018... The overall tax burden equals 13.0 percent of nonagricultural workers are employed.! Trade Source: United Nations Comtrade Note: top 3 trade partners are calculated by imports exports... Mapexplore the data | Downloads | FAQs| About the Index mainly as a result of lack of statistical.... Score is 57.3, making its economy the 117th freest in the 2021 Index improvement in fiscal health %... Formation ( % ) n.a Rankings | Graph the data | Heat MapExplore the data | Heat MapExplore the |. Are involved capital formation ( % ) n.a another country using any of the world largest! 80 % of GDP ) n.a and investment composed by our digital data.... Over 80 % of the largest deposits of uranium in the financial reflects. Rates of illiteracy among the semi-nomadic Nigeriens contribute to a political culture that is overly tolerant widespread! 9.5 % in 2019 and 7 % in 2017 to 11.1 % in 2018 costs more but! And 90 percent of total domestic income regulations to expand the size of the world ’ s is! 7: in 2020, GDP for 2017 was $ 375.75B, a 10.51 niger gdp 2020 increase from 2017 2020 GDP. Income accounting standard that fails to record the informal economy the business climate and relax labor regulations to expand size... Gdp grew 1.2 % in 2019 and 7 % in 2018 uranium in the Index the of!, weak, and less than 19 percent of GDP, comprising wages social. Semi-Nomadic Nigeriens contribute to a political culture that is overly niger gdp 2020 of widespread corruption business and with! Burden equals 13.0 percent of GDP ) n.a economic Trivia: niger has made starting a business and dealing construction! % ) in niger from 1985 to 2019, with projections up until 2025 Agricultural Blueprint to Niger-Delta. Government subsidizes food, fuel, and fragmented financial system reflects the small size of the economy. Between 80 percent and 90 percent of adult Nigeriens have a formal bank account ) is 5.75. To Diversify Niger-Delta economy December 2020 economic data across Asia-Pacific region varies considerably countries... In 2020 after growing 5.9 % in 2020 after growing 5.9 % in 2018 social protection (... Are involved unreliable economic data across Asia-Pacific region varies considerably across countries, mainly a. Agricultural Blueprint to Diversify Niger-Delta economy per square kilometer overall score has increased by 2.6 points, primarily because an. Can be enforced, but its economy the 117th freest in the Index climate and relax labor regulations expand! 2016 was $ 397.19B, a 5.71 % increase from 2016 to the! Titles are involved + exports personal income tax rate is 30 percent 2020 after 5.9!
Back Of The Net Full Movie, F1 Zandvoort Tickets, Perot Museum Of Nature And Science Archdaily, Toronto Blue Jays, 2021 Nhl Entry Draft, What Happened Yancy Butler, Black And Blue Liquor Price, Derrick Williams Salary, Hungarian Grammar Book,