Niger/Economy

Economy - overview: Niger is a poor, landlocked Sub-Saharan nation, whose economy centers on subsistence agriculture, animal husbandry, reexport trade, and increasingly less on uranium, its major export since the 1970s. The 50% devaluation of the [West African franc]? in January 1994 boosted exports of livestock?, cowpeas?, onions?, and the products of Niger's small cotton? industry. The government relies on bilateral and multilateral aid - which was suspended following the April 1999 coup d'etat - for operating expenses and public investment. Short-term prospects depend on upcoming negotiations with the World Bank and the IMF on [debt relief]? and extended aid.

GDP: purchasing power parity - $9.6 billion (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)

Labor force: 70,000 receive regular wages or salaries

Labor 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: NA%

Electricity - production: 180 million kWh (1998)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 363 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 196 million kWh (1998)

Agriculture - products: cowpeas?, cotton?, peanuts?, 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, [Cote d'Ivoire]?, US, Benelux, Nigeria

Debt - external: $1.3 billion (1999 est.)

Economic aid - recipient: $222 million (1995)

Currency: 1 [Communaute Financiere Africaine franc]? (CFAF) = 100 centimes

Exchange rates: Communaute Financiere 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