Economy of Niger

Economy of Niger

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Gross Domestic Product 2012

GDP (purchasing power parity): $450.5 billion

GDP real growth rate: 7.1%

GDP per capita (PPP): $2,700

GDP composition by sector 2012

Agriculture: 30.9%

Industry: 43%

Services: 26%

Inflation:  8.4%

Currency: West African CFA Franc

Business Languages

The commercial languages include the following;

  • English
  • Hausa

Transport

Transport in Niger is crucial to the economy as the country relies heavily on road which covers 10,100 kilometres The other transportation infrastructure include 26 airports and airfields, railway line  300 kilometres and water transport  on River Niger.

Energy

The major sources of energy in Niger include; biomass sources particularly wood fuels and charcoal and hydroelectricity

Challenges in Niger

  • High transport costs because the country is landlocked
  • High rates of poverty
  • Niger faces several natural challenges such as drought, desertification and most recently, floods
  • Drinking water and water for domestic purposes is another major challenge
  • Limited  access to electricity reaching only 7% of households

About The Author

John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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