Niger Economic Forecast

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.


In ranking countries on per capita GDP terms internationally, Niger is one of the poorest of all countries. This sub-Saharan country has an economy that depends on subsistence crops, livestock, and some of the largest uranium deposits in the world. Unfortunately, Niger has been faced with a number of economic challenges due to ongoing cycles of drought, strong general populace growth, and desertification. Because of the state of the economy, this country was granted enhanced public debt relief under the International Monetary Fund program.


In ranking countries on per capita GDP terms internationally, Niger is one of the poorest of all countries. This sub-Saharan country has an economy that depends on subsistence crops, livestock, and some of the largest uranium deposits in the world. Unfortunately, Niger has been faced with a number of economic challenges due to ongoing cycles of drought, strong general populace growth, and desertification. Because of the state of the economy, this country was granted enhanced public debt relief under the International Monetary Fund program. In addition, Niger formed an agreement with the Fund on a Poverty Reduction and Growth Facility program. Under these 2008 agreements, Niger experienced some debt relief to help with the annual public debt service obligations. These programs also made it possible for the country to create an open investment for basic healthcare costs, along with HIV/AIDS prevention, education, rural facilities and infrastructure, and a variety of other programs. Today, approximately 50% of the country’s budget comes from foreign donors and for future growth, natural resources to include coal, oil, gas, gold, and minerals need exploitation.

Niger GDP Forecast

Over the past several years, the government of Niger has taken a number of steps to improve the economy. In addition to this, Niger’s government is searching for foreign private investment, believing these two things will provide the opportunity for better economic growth levels. Because the country has excellent uranium resources, as well as a strong telecommunication sector, a great number of private investments are interested in Niger. However, for experts to determine where the Niger GDP (Gross Domestic Product, Current Prices, US Dollars) will end up in the future, the national currency and exchange rate projections are carefully researched. For 2008, the GDP was $5.40 billion in US dollars. From that time to the end of 2009, a small reduction of 2.48% was seen, which put 2009 at $5.261 billion and ranked it at number 138 worldwide. Now for 2010 and 2015, experts believe the GDP will reach 5.87 billion and 8.347 billion in US dollars, respectively.

Niger Unemployment Forecast

According to reports from 2009, the Niger population is just slightly more than 15 million. Although this country’s government has been working hard to better the economic situation, the Niger unemployment rate remains extremely high. Although no official percentage has been provided by reporting agencies, some believe that as many as 10 million people are without work! The government realizes the devastation, which is why it has reached out for programs, foreign investments, and other means to help the people of this country.

Niger Inflation Rate Forecast

Another area important to forecasters is the Niger inflation rate. For this, various data is used for the given year rather than end-of-period data. For instance, at the close of 2008, the inflation rate for this country was 11.29%. From that time to the end of 2009, a 61.94% reduction occurred, pushing 2009 to 4.298% and placing the country at number 70 for world rankings. Forecasters now believe that by the end of 2010, the country’s inflation rate will see a 95.53% increase to 8.40%. Another huge change is expected for the close of 2015 at which time predictions for the inflation rate take it to 2%.

Niger Current Account Balance Forecast

Classifications used to determine the Niger current account balance include goods, services, income, and current transfers. Now, for transactions, all are used except those with items relating to capital and finance. In 2009, the account balance was a minus $1.172 billion in US dollars. This figure was an increase of 64.38% from the year earlier, which closed at a negative $0.71 billion. For 2010, no significant change is expected with the year ending at minus $1.33 billion. Even for 2015, changes are not major with this year ending at a negative $0.563 billion in US currency.

About EW Content Team PRO INVESTOR

The core team focusing on economics, industries, investing, businesses & personal finance.