Niger GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Niger is expected to expand 3.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Niger is reported by the Institut National de la Statistique du Niger. GDP Annual Growth Rate in Niger averaged 2.65 Percent from 1961 until 2013, reaching an all time high of 13.48 Percent in 1978 and a record low of -17.06 Percent in 1973. Niger, a landlocked sub-Saharan nation, is one of the poorest countries in the world. More than half of Niger’s population earn their living from subsistence agriculture prone to droughts. Niger’s economy is upheld by uranium exports and foreign financial assistance. Low skilled labour force, inexistent infrastructures and lack of security act as a blockade to foreign direct investments. This page provides - Niger GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.60 11.10 13.48 -17.06 13.24 | 2014/06 1961 - 2013 Percent Yearly

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Niger GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 6.57 2012-12-31 6.02 6.57 0.45 7.14 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 3.60 2013-12-31 11.10 13.48 -17.06 13.24 2014-06-30 Percent [+]
GDP per capita 246.23 2012-12-31 230.09 559.70 230.09 251.90 2013-12-31 USD [+]
GDP per capita PPP 573.01 2012-12-31 535.44 946.89 535.44 595.73 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Niger Inflation Rate at -0.40 Percent  
The inflation rate in Niger was recorded at -0.40 percent in March of 2014. Inflation Rate in Niger is reported by the Institut National de la Statistique du Niger.
Niger Balance of Trade at -34372.70 FCFA Million  
Niger recorded a trade deficit of 34372.70 FCFA Million in the third quarter of 2013. Balance of Trade in Niger is reported by the Institut National de la Statistique du Niger.
Niger Exports at 139556.10 FCFA Million  
Exports in Niger increased to 139556.10 FCFA Million in the third quarter of 2013 from 127393.56 FCFA Million in the second quarter of 2013. Exports in Niger is reported by the Institut National de la Statistique du Niger.
Niger Imports at 173928.80 FCFA Million  
Imports in Niger decreased to 173928.80 FCFA Million in the third quarter of 2013 from 185523.50 FCFA Million in the second quarter of 2013. Imports in Niger is reported by the Institut National de la Statistique du Niger.
Niger Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Niger stands at 18 percent. Sales Tax Rate in Niger is reported by the Ministry of Finance.
Niger Interest Rate at 3.50 Percent  
The benchmark interest rate in Niger was last recorded at 3.50 percent. Interest Rate in Niger is reported by the Central Bank of West African States (BCEAO).
Niger Current Account at -576.00 FCFA Million  
Niger recorded a Current Account deficit of 576 FCFA Million in 2013. Current Account in Niger is reported by the Institut National de la Statistique du Niger.
Niger Current Account to GDP at -28.20 Percent  
Niger is expected to record a Current Account deficit of 28.20 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Niger is reported by the Institut National de la Statistique du Niger.
Niger Government Budget at 0.10 Percent of GDP  
Niger is expected to record a Government Budget surplus equal to 0.10 percent of the country's Gross Domestic Product in 2013. Government Budget in Niger is reported by the Institut National de la Statistique du Niger.
Niger GDP Annual Growth Rate at 3.60 Percent  
The Gross Domestic Product (GDP) in Niger is expected to expand 3.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Niger is reported by the Institut National de la Statistique du Niger.
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