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Economy of Niger

The gross domestic product (GDP) of Niger was $16.617 billion US dollars in 2023, according to official data from the World Bank. This data is based largely on internal markets, subsistence agriculture, and the export of raw commodities: foodstuffs to neighbors and raw minerals to world markets. Economic activity centers on subsistence agriculture, animal husbandry, re-export trade, and export of uranium.

Top Sectors in Niger

Agriculture in Niger

The agricultural economy is based largely upon internal markets, subsistence agriculture, and the export of raw commodities: foodstuffs and cattle to neighbors. Foreign exchange earnings from livestock, although difficult to quantify, are considered the second source of export revenue behind mining and oil exports. Niger's agricultural and livestock sectors are the mainstay of all but 18% of the population. Fourteen percent of Niger's GDP is generated by livestock production (camels, goats, sheep, and cattle), which supports 29% of the population. Thus, 53% of the population is actively involved in crop production. The 15% of Niger's land that is arable is found mainly along its southern border with Nigeria.

Mining in Niger

The Niger mining industry is the main source of national exports, with uranium being the largest export. However, the persistent uranium price slump has led to lower revenues for Niger's uranium sector, though it still provides 72% of national export proceeds. As of 2007, many licenses have been sold to other companies from countries such as India, China, Canada, and Australia to exploit new deposits. In 2013, the government of Niger sought to increase its uranium revenue by subjecting the two mining companies to a 2006 Mining Law. In addition to uranium, exploitable deposits of gold are known to exist in Niger in the region between the Niger River and the border with Burkina Faso. The reserves at the location were estimated at 10,073,626 tons at an average grade of 2.21 grams per ton, from which 19,200 kilograms will be recovered over a six-year mine life.

Transportation infrastructure in Niger

Transport is crucial to the economy and culture of this vast landlocked nation, with cities separated by huge uninhabited deserts, mountain ranges, and other natural features. Primary or paved road systems are limited to bigger cities or connections between major cities. In 2012, there was a 19,675-kilometer (12,225 mi) road network throughout Niger, of which 4,225 kilometers (2,625 mi) were paved. Air transport is mainly concentrated in Niamey. Niger's only international airport is Diori Hamani International Airport, located in the capital, Niamey. Other airports in Niger include the Mano Dayak International Airport in Agadez city and Zinder Airport in Zinder city, but as of January 2015, they were not regularly serviced by any carriers. In 2014, construction for the railway extension connecting Niamey (Niger) to Cotonou via Parakou (Benin) began and was expected to be completed by 2016. It includes the construction of 574 kilometers (357 mi) of new railway from Niamey to connect to the existing line in Parakou (Benin).

Sustainable and Renewable Energy in Niger

Niger also gets partial access to hydroelectric power from dams created alongside the Niger River. Hydroelectric power contributes about 280 megawatts (MW) to Niger's energy collectively from several hydropower sources, including 130 MW from the Kandadji Dam, 122.5 MW from the River Niger in Gambou, and 26 MW from Dyondyonga in Mekrou. Getting renewable energy via hydropower has proven controversial due to the reliance on rainfall. Additionally, these hydroelectric power dams generate energy for Niger via Nigeria. Solar energy has also been used to provide energy access. Niger has the potential to provide sustainable and renewable energy access within the country, which would help increase its energy intake and cope with the growing demands of the population. Several projects have been discussed to make use of clean energy sources such as solar power, hydropower, grid power, and wind power. Many NGOs are working on funding projects to provide sustainable and renewable energy in parts of Africa.


Niger - Key Economic Indicators

Exports & Imports

Niger primarily exports uranium, raw materials, and livestock, while importing food, fuel, and manufactured goods.

Balance of Trade

Niger struggles with a chronic trade deficit, meaning the value of imports consistently exceeds exports. This gap is often financed through foreign aid and investment.

Infrastructure Development

Niger faces challenges in infrastructure development. Road networks are limited, and other infrastructure projects are ongoing.

Fiscal Policy

The Nigerien government is attempting to diversify the economy and reduce poverty through increased spending. However, tax collection remains a hurdle.

Monetary Policy

Niger belongs to the West African Economic and Monetary Union (WAEMU), which sets a common monetary policy for member countries.

Trade Agreements

Niger participates in regional trade agreements like ECOWAS (Economic Community of West African States) to improve trade relations with neighboring countries.

Environmental Regulations

Niger is susceptible to desertification and climate change. Environmental regulations are being developed to address these challenges and promote sustainable practices.

Tax System in Niger

Capital gains tax: No separate capital gains tax exists in Niger. Profits from most investments are generally taxed as regular income under the income tax bracket applicable to your total income.
Corporate tax rate: The corporate tax rate in Niger is a flat 28%.
Sales tax (VAT): Niger utilizes a Value Added Tax (VAT) system with a standard rate of 19% applied to most goods and services. However, some basic necessities like bread and medicine might be exempt.
Property tax: Property tax applies to both residential and commercial properties in Niger. Rates vary depending on location, property type, and value.
Payroll tax: Yes, Niger has a payroll tax system that includes contributions to social security. The employer typically withholds these taxes from employee salaries.
Tax deductions and credits: Tax deductions and credits in Niger are limited compared to developed countries. Some deductions exist for business expenses and specific investments. Recent information on any changes or updates might be limited due to the timeframe.
Tax burden: The overall tax burden in Niger is considered moderate for individuals due to progressive income tax brackets. Businesses face a higher tax burden due to the flat corporate tax rate of 28%.

48 Live Notices for Niger ....

Showing 1 to 20

Niger - Western And Central Africa- P171767- Niger, Improving Women?S And Girls? Access To Improved Health And Nutrition Services In The Priority Areas Project ? Lafia-Iyali - Procurement Plan (English)
country Niger
posting date18 Nov 2024
deadline16 Nov 2025
Niger - Western And Central Africa- P173846- Niger Covid-19 Emergency Response Project - Procurement Plan (English)
country Niger
posting date18 Nov 2024
deadline16 Nov 2025
Appel À Propositions Nºhcr/Ner/Sup/013/2024 Pour La Fourniture De Services De Maintenance Preventive D'Equipements Informatiques
country Niger
posting date18 Nov 2024
deadline10 Dec 2024
Niger - Western And Central Africa- P168779- Niger Learning Improvement For Results In Education Project - Procurement Plan (English)
country Niger
posting date15 Nov 2024
deadline15 Nov 2025
Ip Pour Assamaka
country Niger
posting date15 Nov 2024
deadline22 Nov 2024
Ip Pour Assamaka
country Niger
posting date15 Nov 2024
deadline22 Nov 2024
Ami - Niger - Development Of The Strategic Orientation Plan Of Anersol - Rana
country Niger
posting date13 Nov 2024
deadline27 Nov 2024
Marie Stopes International Launches Call For Tenders For Supplier Selection, Niger
country Niger
posting date12 Nov 2024
deadline26 Nov 2024
The Niger Red Cross Is Selling Vehicles To The Highest Bidder Under Sealed Envelope, Niger
country Niger
posting date09 Nov 2024
deadline19 Nov 2024
Acquisition And Installation Of Public Lighting Equipment In Several Urban Municipalities
country Niger
posting date08 Nov 2024
deadline24 Dec 2024
Acquisition Of Emergency And Rescue Materials And Equipment For The General Directorate Of Civil Protection
country Niger
posting date08 Nov 2024
deadline23 Dec 2024
Acquisition De Matériels Et Équipements D'Urgence Et De Secours Au Profit De La Direction Générale De La Protection Civile
country Niger
posting date08 Nov 2024
deadline23 Dec 2024
Acquisition Et Installation Des Equipements Pour L'Eclairage Publique Dans Plusieurs Communes Urbaines
country Niger
posting date08 Nov 2024
deadline24 Dec 2024
Travaux De Distribution Pour L’Électrification Rurale Basée Sur Le Réseau Dans La Région De Dosso Ex Lot N°2
country Niger
posting date08 Nov 2024
deadline12 Dec 2024
Demande De Cotations Pour Achat De Mobiliers De Bureau
country Niger
posting date07 Nov 2024
deadline19 Nov 2024
The Ngo Garkua Is Launching A Call For Tenders For The Purchase And Delivery Of Income-Generating Activity Kits For The Beneficiaries Of Goudoumaria In The Diffa Region, Niger
country Niger
posting date05 Nov 2024
deadline19 Nov 2024
Stocking Ponds With Fish
country Niger
posting date02 Nov 2024
deadline18 Nov 2024
Appel A Proposition No Hcr-Ner-Sup-016-2024 La Realisation De Travaux De Construction Et D’Amenagement De Diverses Infrastructures A Ouallam Et A Abala, Region De Tillabery, Niger
country Niger
posting date30 Oct 2024
deadline21 Nov 2024
Niger - Western And Central Africa- P167543- Niger: Smart Villages For Rural Growth And Digital Inclusion - Procurement Plan (English)
country Niger
posting date30 Oct 2024
deadline29 Oct 2025
Niger - Western And Central Africa- P177043- Niger Integrated Landscape Management Project - Procurement Plan (English)
country Niger
posting date26 Oct 2024
deadline25 Oct 2025

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