AgricultureAgriculture and agricultural products constitute the largest sector of Niger's economy in terms of the number of persons employed and the percentage of gross national product (GNP). Millet and sorghum, the main food crops, are grown in the south, as are cassava and sugarcane.
Niger's economy is based largely on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, a 3.4% population growth rate and the drop in world demand for uranium have undercut an already marginal economy.
GDP in Niger averaged 3.71 USD Billion from 1960 until 2020, reaching an all time high of 13.68 USD Billion in 2020 and a record low of 0.45 USD Billion in 1960.
the Bureau of Labor StatisticsThe most widespread measurement of national economic growth is gross domestic product, or GDP. The U.S. government collects and compiles economic data through the Bureau of Labor Statistics, or BLS.
A combination of health, climate, and security shocks and crises has hampered the growth of Niger's economy which, after growing by 5.8% in 2019, slowed to 3.6% in 2020 and could fall back below 1.5% in 2021, a significant deterioration compared to the initial projection of 5.5%.
Lagos StateList of Nigerian states by GDPRankStateGDP (in millions of USD)1Lagos StateUS$33,6792Rivers StateUS$21,0733Delta StateUS$16,7494Oyo StateUS$16,12132 more rows
$2.6 trillionEconomy of AfricaStatisticsGDP$2.6 trillion (Nominal; 2019) $6.7 trillion (PPP; 2019)GDP growth3.7%GDP per capita$1,970 (2021; 6th)Millionaires (US$)140,000 (0.011%)3 more rows
Niger's economic freedom score is 54.9, making its economy the 121st freest in the 2022 Index. Niger is ranked 22nd among 47 countries in the Sub-Saharan Africa region, and its overall score is above the regional average but below the world average.
Semi-presidential systemNiger / GovernmentA semi-presidential system, or dual executive system, is a system of government in which a president exists alongside a prime minister and a cabinet, with the latter two responding to the legislature of the state. Wikipedia
Consumption1. Consumption (C) Consumption represents the sum of goods and services purchased by citizens—such as retail items or rent—and it grows as more is consumed. It's the largest component of GDP.
When using the expenditures approach to calculating GDP the components are consumption, investment, government spending, exports, and imports.
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.