Niger's GDP changed from approximately $3B 531M in 1980 to $18B 816M in 2024, showing an overall 432.9% sharply increased during the period.
The lowest GDP was recorded in 1994 at $1B 935M, and the highest in 2024 at $18B 816M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.9%.
For comparison, the average annual growth rate of Burkina Faso was 5.2%, and that of Mali was 5.5%.
Niger GDP from 1980 to 2024
The total market value of goods and services produced annually in Niger.
Overview of Niger's GDP (1980–2024)
The Gross Domestic Product (GDP) of Niger recorded a 432.9% sharply increased from 1980 to 2024.
The average GDP during this period was $6B 286M, and the median was $3B 491M.
GDP fluctuated within a range of $16B 881M, with a standard deviation of $4B 738M.
The average annual change was $315M 434K.
Highest and Lowest GDP Records
- Lowest GDP: 1994, $1B 935M
- Highest GDP: 2024, $18B 816M
- Most Recent GDP: 2024, $18B 816M
Notable Annual GDP Changes
- 2024: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Niger's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $12B 917M → $13B 764M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $5B 716M → $7B 324M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $2B 235M → $2B 442M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $2B 285M → $2B 639M
- Outcome: sharply increased
Key Economic Indicators of Niger (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 3B 531M | $ 609.43 | $ 703.20 | $ 4B 74M | 4.886 % | -7.808 % | 12.12 % | 0 % | 5M 794K people |
1981 | $ 3B 56M | $ 510.03 | $ 743.04 | $ 4B 452M | -0.178 % | -5.94 % | 8.11 % | 0 % | 5M 991K people |
1982 | $ 2B 840M | $ 458.11 | $ 779.08 | $ 4B 830M | 2.174 % | -8.198 % | 6.42 % | 0 % | 6M 199K people |
1983 | $ 2B 538M | $ 395.66 | $ 752.15 | $ 4B 825M | -3.864 % | -2.436 % | 6.40 % | 0 % | 6M 415K people |
1984 | $ 2B 56M | $ 310 | $ 626.82 | $ 4B 158M | -16.82 % | 0.058 % | 1.92 % | 0 % | 6M 634K people |
1985 | $ 2B 27M | $ 295.81 | $ 674.18 | $ 4B 621M | 7.718 % | -3.156 % | 5.67 % | 0 % | 6M 854K people |
1986 | $ 2B 680M | $ 378.69 | $ 708.43 | $ 5B 13M | 6.352 % | -5.819 % | 9.84 % | 0 % | 7M 76K people |
1987 | $ 3B 143M | $ 430.39 | $ 704.10 | $ 5B 142M | 0.088 % | -5.624 % | 5.41 % | 0 % | 7M 303K people |
1988 | $ 3B 210M | $ 426.03 | $ 755.10 | $ 5B 689M | 6.871 % | -7.181 % | 10.94 % | 0 % | 7M 534K people |
1989 | $ 3B 68M | $ 394.73 | $ 767.97 | $ 5B 969M | 0.957 % | -8.373 % | 6.10 % | 0 % | 7M 772K people |
1990 | $ 3B 491M | $ 435.34 | $ 762.11 | $ 6B 111M | -1.308 % | -6.757 % | 11.36 % | 0 % | 8M 19K people |
1991 | $ 3B 271M | $ 394.90 | $ 759.44 | $ 6B 290M | -0.44 % | -5.387 % | 12.15 % | 0 % | 8M 282K people |
1992 | $ 3B 372M | $ 393.72 | $ 766.21 | $ 6B 562M | 2.001 % | -4.721 % | 8.54 % | 0 % | 8M 564K people |
1993 | $ 3B 41M | $ 343.18 | $ 760.52 | $ 6B 739M | 0.323 % | -3.196 % | 6.56 % | 0 % | 8M 861K people |
1994 | $ 1B 935M | $ 211.02 | $ 764.48 | $ 7B 11M | 1.858 % | -6.519 % | 13.03 % | 0 % | 9M 171K people |
1995 | $ 2B 296M | $ 241.95 | $ 772.75 | $ 7B 334M | 2.454 % | -6.605 % | 5.69 % | -1.266 % | 9M 490K people |
1996 | $ 2B 397M | $ 243.97 | $ 760.73 | $ 7B 475M | 0.1 % | -4.538 % | 10.26 % | 1.012 % | 9M 827K people |
1997 | $ 2B 285M | $ 224.47 | $ 758.52 | $ 7B 720M | 1.527 % | -5.818 % | 7.96 % | -1.146 % | 10M 178K people |
1998 | $ 2B 639M | $ 250.23 | $ 814.16 | $ 8B 586M | 9.975 % | -5.774 % | 8.88 % | -0.995 % | 10M 546K people |
1999 | $ 2B 532M | $ 231.66 | $ 794.88 | $ 8B 688M | -0.222 % | -5.419 % | 5.81 % | -3.007 % | 10M 930K people |