Who Owns Whom

Niger

Country Code: 562

ISO2 Code: NE

ISO3 Code: NER

Country Economic Snapshot

2018-06-14

The Nigerien government remains reliant on foreign donor resources for a large portion of its fiscal budget. After the conclusion of the four-year International Monetary Fund (IMF) Extended Credit Facility (ECF) agreement of US$131m, a further three-year agreement worth US$134m was signed in January 2017. Also introduced in financial year 2017 was the independent US foreign aid agency, Millennium Challenge Corporation (MCC) grant of US$437m to be spent on the promotion of agricultural productivity by investing in large-scale irrigation infrastructure development. Agriculture contributes approximately 25% of GDP and provides a livelihood for an estimated 87% of the population.

Although Niger has sizeable reserves of oil, the recent decline in oil prices has reduced the profitability of the sector. The country is heavily reliant on uranium exports so low commodity prices have also impacted negatively on the economy. GDP growth dropped to 4.2% in 2017 from 5% in 2016 and is projected to be in the region of 4% in 2018.

Info

Capital Niamey
Currency (Name, Abbreviation, Symbol) West African CFA franc , XOF , BCEAO
Area 1.267 million sq km
Type of Government presidential republic
Languages French (official), Hausa, Djerma
Natural Resources uranium, coal, iron ore, tin, phosphates, gold, molybdenum, gypsum, salt, petroleum
Type of Industry uranium mining, cement, brick, soap, textiles, food processing, chemicals, slaughterhouses
Stock Exchange Bourse Rgionale des Valeurs Mobilires
Stock Exchange Location Abidjan, Cote d'Ivoire
Stock Exchange Founded 1996
Tax Rate: Corporate
Tax Rate: Individual
Natural Resources uranium, coal, iron ore, tin, phosphates, gold, molybdenum, gypsum, salt, petroleum

Latest available information as sourced from:

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