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%.
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.
Niger GDP from 1980 to 2024
The total market value of goods and services produced annually in Niger.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
