Niger gdp per capita for 2018 was $572, a 10.51% increase from 2017. Revenue Statistics Africa: Key findings for Niger. World … The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. 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. Niger. 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. High rates of illiteracy among the semi-nomadic Nigeriens contribute to a political culture that is overly tolerant of widespread corruption. Economic Trivia: Niger has some of the largest deposits of uranium in the world, which provide for its largest exports. Top 3 Trade Partners (2018): France, China, and Thailand Top 3 Exported Goods (2018): Fats & Oils, Ores, and Oil & Mineral Fuels All rights reserved.Terms & Conditions. Nigeria. All rights reserved. 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 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. The underdeveloped, weak, and fragmented financial system reflects the small size of the formal economy. The Gross Domestic Product (GDP) in Niger expanded 2 percent in the fourth quarter of 2020 over the same quarter of the previous year. Between 80 percent and 90 percent of nonagricultural workers are employed informally. Security issues, such as terrorist activity, and the closure of borders hurt growth. Gross fixed capital formation (% of GDP) n.a. Coefficient of human inequality: n.a. The top personal income tax rate is 35 percent, and the top corporate tax rate is 30 percent. Public debt is equivalent to 42.0 percent of GDP. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. Income index: n.a. 4,000 child deaths AVERTED Photo credit: GHSC-PSM Estimated health impacts from USAID procurement investments NIGER Niger gdp per capita for 2017 was $518, a 3.99% increase from 2016. Nigeria gdp for 2016 was $404.65B, a 16.88% decline from 2015. April 14, 2020. ... 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. Though Niger real GDP growth fluctuated substantially in recent years, it tended to increase through 2001 - 2020 period ending at 0.5 % in 2020. Inequality-adjusted HDI (IHDI) n.a. Other taxes include interest and capital gains taxes. The government subsidizes food, fuel, and other basic goods. The description is composed by our digital data assistant. Nigeria gdp for 2017 was $375.75B, a 7.14% decline from 2016. 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. Property rights can be enforced, but disputes are common, particularly when community-owned land or customary land titles are involved. The judicial framework is ineffective, and the court system is weak and vulnerable to political pressure. 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. Security issues, such as terrorist activity, and the closure of borders hurt growth. CSV XML EXCEL. Niger has two preferential trade agreements in force. 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. Gross domestic product (GDP), total (2017 PPP $ billions) n.a. Niger gdp per capita for 2016 was $498, a 2.86% increase from 2015. 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. FG Drafts Agricultural Blueprint to Diversify Niger-Delta Economy. The last Article IV Executive Board Consultation was on June 26, 2019. 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. Nigeria gdp for 2018 was $397.19B, a 5.71% increase from 2017. 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. 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. Niger’s economic freedom score is 57.3, making its economy the 117th freest in the 2021 Index. 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 description is composed by our digital data assistant. Niger_2019_CI_Handout.pdf (familyplanning2020.org). Trade Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. Niger is a landlocked, sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. 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%. Nigeria Economic Outlook. See how Niger compares to another country using any of the measures in the Index. After independence from France in 1960, Niger was ruled by a single-party military regime until elections led to democratic government in 1993. November 17, 2020. 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. By ... HCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health. The tax-to-GDP ratio in Niger increased by 1.6 percentage points from 9.5% in 2017 to 11.1% in 2018. 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. 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 It would also need to improve the business climate and relax labor regulations to expand the size of the formal economy. Northern Europe. Japan’s economy is market-driven so businesses, production, and prices shift according to consumer demand, not governmental action. Labour share of GDP, comprising wages and social protection transfers (%) n.a. Niger's economy is based largely on subsistence crops, livestock, and some of the world's largest uranium deposits. 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). Gross domestic product (GDP) denotes the … 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. Its overall score has increased by 2.6 points, primarily because of an improvement in fiscal health. Submitted on: 08 Jul, 2020. 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. source: Institut National de la Statistique du Niger 3Y 10Y 25Y Niger Jump to. 0.5 (%) in 2020 In 2020, real GDP growth for Niger was 0.5 %. World Economics Limited. Home | Country Rankings | Graph The Data | Heat MapExplore the Data | Downloads | FAQs| About The Index. NORTHERN AMERICA. The overall tax burden equals 13.0 percent of total domestic income. The Nigerien economy has been mostly unfree for well over a decade. Nigeria gdp for 2019 was $448.12B, a 12.82% increase from 2018. Accessed December 18, 2020. The inefficient regulatory and legal environment constrains trade and investment. GDP per capita (2017 PPP $) n.a. 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. Agriculture contributes approximately 25% of GDP and provides livelihood for 87% of the population. Niger gdp per capita for 2019 was $554, a 3.24% decline from 2018. The statistic shows gross domestic product (GDP) in Niger from 1985 to 2019, with projections up until 2025. Multi-Tier Framework for Measuring Energy Access 2018. 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. DataBank. See more from the 2021 Index. 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. 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 … {"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}. 2723: GDP Report Q3 2015: 2: 6: 7: The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. GDP: linked series (current LCU) GDP, PPP (constant 2017 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual %) Download. © 2021 by The Heritage Foundation. Dealing with construction permits now costs more, but it costs less to obtain electricity. Read more about Niger Economy. The military overthrew President Mamadou Tandja in 2010 after he tried to extend his rule beyond the constitutionally prescribed two terms. 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). Participation in the financial system is low, and less than 19 percent of adult Nigeriens have a formal bank account. The pandemic is inflicting significant economic damage on growth, public … WDI Tables. Niger GDP (Gross Domestic Product) was INT$22.74billion for 2019 in PPP terms. Niger in West Africa is one of the world’s least inhabited countries with a population density of 17.7 people per square kilometer. 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. Real GDP grew 1.2% in 2020 after growing 5.9% in 2019 and 7% in 2018. All Rights Reserved. 7Family Planning 2020, Niger, 2018. Japan’s GDP (PPP) is $5.75 trillion. Niger has made starting a business and dealing with construction permits more complicated. Niger has some of the world’s largest uranium deposits, but its economy is centered on subsistence crops and livestock. 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. Agriculture contributes approximately 40% of GDP and provides livelihood for over 80% of the population. Oyo state ($16.12 billion) Oyo is usually referred to as the Oyo region, it is called an island state that … 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. 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. Northern Africa. 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. Real GDP grew 1.2% in 2020 after growing 5.9% in 2019 and 7% in 2018. 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 … Nigerian Gross Domestic Product Report (Q1 2020) 2: 6: 7: Growth Rate, Contribution to GDP. GDP PPP based on: 2011 International Dollars. Online tool for visualization and analysis. 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. Economic Overview. 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 … © World Economics Limited. Listed below are items related to Niger. 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. 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. Quarter on 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. The trade-weighted average tariff rate is 12.0 percent. In 2020, GDP for Niger was 12.97 billion US dollars. Most American countries use a national income accounting standard that fails to record the informal economy. It is estimated that the application of the latest standard would add US$824 billion. Legislative and presidential elections were scheduled for December 2020. Accessed December 18, 2020. Niger. Thematic data … 8030: Internally Generated Revenue At State Level (Q4 2019) 2: 7: 21: ... 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