Economy of Niger
The most important donors in Niger are France, the European Union, the World Bank, the IMF and other United Nations agencies (UNDP, UNICEF, FAO, WFP, and UNFPA). Other principal donors include the United States, Belgium, Germany, Switzerland, Canada, and Saudi Arabia. While USAID does not have an office in Niger, the United States is a major donor, contributing nearly $10 million each year to Niger’s development. The U.S. also is a major partner in policy coordination in such areas as food security and HIV/AIDS. The importance of external support for Niger's development is demonstrated by the fact that about 45% of the government's FY 2002 budget, including 80% of its capital budget, derives from donor resources. In 2005 the UN drew attention to the increased need for foreign aid given severe problems with drought and locusts resulting in a famine endangering the lives around a million people.
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Statistics
GDP: purchasing power parity - $9.6 billion (9.6 G$) (1999 est.)
GDP - real growth rate: 2% (1999 est.)
GDP - per capita: purchasing power parity - $1,000 (1999 est.)
GDP - composition by sector:
agriculture: 40%
industry: 18%
services: 42% (1998)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 29.3% (1992)
Inflation rate (consumer prices): 4.8% (1999)
Labour force: 70,000 receive regular wages or salaries
Labour force - by occupation: agriculture 90%, industry and commerce 6%, government 4%
Unemployment rate: NA%
Budget:
revenues: $377 million, including $146 million from foreign sources
expenditures: $377 million, including capital expenditures of $105 million (1999 est.)
Industries: uranium mining, cement, brick, textiles, food processing, chemicals, slaughterhouses
Industrial production growth rate: 5.1% (2003 est.)
Electricity - production: 180 GWh (1998)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)
Electricity - consumption: 363 GWh (1998)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 196 GWh (1998)
Agriculture - products: cowpeas, cotton, peanuts, pearl millet, sorghum, cassava (tapioca), rice; cattle, sheep, goats, camels, donkeys, horses, poultry
Exports: $269 million (f.o.b., 1997)
Exports - commodities: uranium ore 65%, livestock products, cowpeas, onions (1998 est.)
Exports - partners: US, Greece, Japan, France, Nigeria, Benin
Imports: $295 million (c.i.f., 1997)
Imports - commodities: consumer goods, primary materials, machinery, vehicles and parts, petroleum, cereals
Imports - partners: France, Côte d'Ivoire, US, Benelux, Nigeria
Debt - external: $1.3 billion (1999 est.)
Economic aid - recipient: $222 million (1995)
Currency: 1 Communauté financière africaine franc (CFAF) = 100 centimes
Exchange rates: Communauté financière africaine francs (CFAF) per US$1 - 670 (January 2000), 560.01 (January 1999), 589.95 (1998), 583.67 (1997), 511.55 (1996), 499.15 (1995)
note: since 1 January 1999, the CFAF is pegged to the euro at a rate of 655.957 CFA francs per euro
Fiscal year: calendar year
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References
- ^ IMF, 2006 estimates
- ^ earthtrends.wri.org
- ^ "Niger set to become oil producer", BBC News, 2007-06-03. Retrieved on 2008-06-07.
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External links
- Economy of Niger at the Open Directory Project
- Invest in Niger: Centre de Promotion des Investissements Sis à la Chambre de Commerce d'Agriculture, d'Industrie et d'Atisanat du Niger.
- http://www.niger-tourisme.com: Ministère du tourisme et de l'artisanat nigérien.
- The MBendi website, Niger: A South Africa based business research group. Is especially useful for tracking government mining consessions.
- LA MAISON DE L'AFRIQUE: Niger. Franco-African business group.
- Institut de Recherche pour le Développement au Niger: French government development office in Niger.
- United Kingdom Department of Intenational Development:Niger.
- Canadian International Development Agency:Niger.
- World Trade Organization MEMBER INFORMATION: Niger.
- The World Bank, Niger overview and resources.
- International Monetary Fund: Article IV Executive Board Consultation reports regarding Niger.
- IMF. Niger: Financial Position in the Fund as of January 31, 2008.
- IMF. Niger: Transactions with the Fund from May 01, 1984 to January 31, 2008.
- Estruscan Mining (Canada): corporate report on their Samira Hill Gold Mine, on the Benin border.
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