Tuesday, June 25, 2024

Niger Economy 6-25-24

Nominal GDP $17.073B, Per capita GDP $630.80, Population 27,202,843, Debt to GDP 38.8%. Inflation 16.8%, Unemployment 0.50%, Labor force participation rate 73.44%,  Land area 489,075 sq miles, Arable land 13.97%, Urban 53.52% Rural 46.48%, Exports $3.24B Imports $3.5B Trade Deficit $0.26B.

The top exports of Niger are Gold ($2.35B), Other Oily Seeds ($291M), Radioactive Chemicals ($150M), Refined Petroleum ($139M), and Uranium and Thorium Ore ($135M), exporting mostly to United Arab Emirates ($2.23B), France ($291M), China ($290M), Nigeria ($91.6M), and Mali ($79.3M).

The top imports of Niger are Weapons Parts and Accessories ($340M), Rice ($278M), Planes, Helicopters, and/or Spacecraft ($185M), Rolled Tobacco ($131M), and Other Large Iron Pipes ($89.5M), importing mostly from China ($783M), France ($491M), Nigeria ($287M), Germany ($186M), and United Arab Emirates ($185M).

Inflation exceeded the west African Economic and Monetary Union (wAEMU) target of 3%, fueled by higher consumer food prices and the deteriorating international economic situation. The budget deficit widened to 6.6% of GDP in 2022 from 6.1% in 2021 due to public spending rising more than public revenue.

https://oec.world/en/profile/country/ner

Norb Leahy, Dunwoody GA Tea Party Leader

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