Economy Of Niger - Niger Information

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Economy Of Niger
Niger Information - Country Guides

Economy overview	Niger is a poor, landlocked Sub-Saharan nation, whose economy centers on subsistence agriculture, animal husbandry, and reexport trade, and increasingly less on uranium, because of declining world demand. 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. In 2000-01, the World Bank approved a structural adjustment loan of $105 million to help support fiscal reforms. However, reforms could prove difficult given the government's bleak financial situation. The IMF approved a $73 million poverty reduction and growth facility for Niger in 2000 and announced $115 million in debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Further disbursements of aid occurred in 2002. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources.
GDP	purchasing power parity - $9.062 billion (2004 est.)
GDP - real growth rate	3.8% (2004 est.)
GDP - per capita	purchasing power parity - $800 (2004 est.)
GDP - composition by sector	agriculture: 39% industry: 17% services: 44% (2001)
Investment gross fixed
Population below poverty line	63% (1993 est.)
Household income or consumption by percentage share	lowest 10%: 0.8% highest 10%: 35.4% (1995)
Distribution of family income - Gini index	50.5 (1995)
Inflation rate consumer prices	3% (2002 est.)
Labor force	70,000 receive regular wages or salaries (2002 est.)
Labor force by occupation	agriculture 90%, industry and commerce 6%, government 4%
Unemployment rate	NA (2002 est.)
Budget	revenues: $320 million - including $134 million from foreign sources expenditures: $320 million, including capital expenditures of $178 million (2002 est.)
Public debt
Agriculture products	cowpeas, cotton, peanuts, millet, sorghum, cassava (tapioca), rice; cattle, sheep, goats, camels, donkeys, horses, poultry
Industries	uranium mining, cement, brick, textiles, food processing, chemicals, slaughterhouses
Industrial production growth rate	NA (2001 est.)
Electricity production	242 million kWh (2001)
Electricity production by source	fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%
Electricity consumption	325.1 million kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	100 million kWh (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	5,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
Exports	$280 million f.o.b. (2002 est.)
Exports commodities	uranium ore, livestock, cowpeas, onions
Exports partners	France 42.2%, Nigeria 28.9%, Japan 17.2%, Spain 4.4% (2003)
Imports	$400 million f.o.b. (2002 est.)
Imports commodities	foodstuffs, machinery, vehicles and parts, petroleum, cereals
Imports partners	France 16.4%, Cote d'Ivoire 13.8%, China 10.5%, Nigeria 7.7%, US 5.5%, Japan 4.9% (2003)
Reserves of foreign exchange gold
Debt external	$1.6 billion (1999 est.)
Economic aid recipient	$341 million (1997)
Currency	Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States
Currency code	XOF
Exchange rates	Communaute Financiere Africaine francs (XOF) per US dollar - 581.2 (2003), 696.988 (2002), 733.039 (2001), 711.976 (2000), 615.699 (1999)
Fiscal year	calendar year

Nigerien Flag Map Of Niger Herero language Zarma language

Economy Of NigerNiger Information - Country Guides

Economy Of Niger
Niger Information - Country Guides