Agriculture > products
cowpeas, cotton, peanuts, millet, sorghum, cassava, rice; cattle, sheep, goats, camels, donkeys, horses, poultry |
|
Aid as % of GDP
|
11.6% |
|
[26th of 129]
|
|
Source: CIA World Factbook, 28 July 2005 |
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Debt > External
|
$2,100,000,000.00 |
|
[98th of 136]
|
|
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Distribution of family income > Gini index
|
50.5 |
|
[3rd of 43]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Economic freedom
|
1.6 |
|
[117th of 156]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
Niger is one of the poorest countries in the world, ranking near last on the United Nations Development Fund index of human development. It is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, and a 2.9% population growth rate, have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translates into the forgiveness of approximately US $86 million in debts to the IMF, excluding the remaining assistance under HIPC. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Uranium prices have increased sharply in the last few years. A drought and locust infestation in 2005 led to food shortages for as many as 2.5 million Nigeriens. |
|
Source: The Heritage Foundation |
Exchange rates
Communaute Financiere Africaine francs (XOF) per US dollar - 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001), 711.98 (2000) |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Exports
|
$428,000,000.00 |
|
[157th of 189]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
GDP
|
$3,544,143,000.00 |
|
[125th of 203]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > PPP
|
$10,128,000,000.00 |
|
[123rd of 163]
|
|
Source: World Development Indicators database and CIA World Factbook |
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GDP > Real growth rate
|
3.2% |
|
[139th of 198]
|
|
Source: World Bank. 2005. World Development Indicators 2005. |
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GDP growth > annual %
|
4.5 annual %
|
|
[91st of 187]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GINI index
|
50.54
|
|
[7th of 40]
|
|
Source: World Development Indicators database |
|
Gross National Income
|
$1,981,180,000.00 |
|
[126th of 172]
|
|
Source: World Development Indicators database |
|
Human Development Index
|
0.281 |
|
[178th of 178]
|
|
Income category
|
Low income |
|
|
|
Source: Human Development Report 2006, United Nations Development Programme |
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Income distribution > Poorest 10%
|
0.8% |
|
[108th of 114]
|
|
Source: |
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Income distribution > Richest 10%
|
35.4% |
|
[32nd of 114]
|
|
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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Population under $1 a day
|
61.4 |
|
[5th of 59]
|
|
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Poverty > Share of all poor people
|
0.59 % of world's poor |
|
[20th of 80]
|
|
Source: World Bank 2002b via backone.pdf |
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