Toggle Offcanvas
...
 
Business images of Niger

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%.

42 Live Notices for Niger ....

Showing 1 to 20

Consultant(E) National(E) En Génie Civil Pour Le Projet Pidagres
country Niger
posting date04 Jul 2024
deadline15 Jul 2024
Consultant(E) National(E) Spécialiste En Développement Communautaire
country Niger
posting date04 Jul 2024
deadline15 Jul 2024
Acquisition and commissioning of a platform for continuous monitoring of the quality of service and control of traffic flows of Niger's telephone networks for the benefit of ARCEP.
country Niger
posting date04 Jul 2024
deadline20 Aug 2024
Acquisition De 130 Bibliotheques Mobiles Au Profit Des Eleves D’ecoles Primaires Bilingues Franco-Arabes En Deux (2) Lots - (Sous forme de Tricycle)
country Niger
posting date03 Jul 2024
deadline22 Aug 2024
Construction D Un (01) Centre De Santé De Type Ii A Al Bourdj Open New Window
country Niger
posting date02 Jul 2024
deadline15 Jul 2024
Realisation De 14 Pea A Chetimari, N’Guigmi, Gueskerou, Et Maine Soroa Open New Window
country Niger
posting date02 Jul 2024
deadline15 Jul 2024
Construction D Un (01) Centre De Santé De Type Ii A Al Bourdj Open New Window
country Niger
posting date29 Jun 2024
deadline15 Jul 2024
acquisition et mise en service d'une plateforme de suivi continu de la qualité de service et de contrôle des flux de trafic des réseaux téléphoniques du Niger / acquisition and commissioning of a platform for continuous monitoring of the quality of service and control of traffic flows of Niger's telephone networks
country Niger
posting date28 Jun 2024
deadline20 Aug 2024
Ne-Niger Accelerating Electricity Access Project (Haské) -- P174034
country Niger
posting date31 Jan 2024
deadline29 Jan 2025
Ne-Niger: Smart Villages For Rural Growth And Digital Inclusion -- P167543
country Niger
posting date23 Jan 2024
deadline21 Jan 2025
Ne-Niger Covid-19 Emergency Response Project -- P173846
country Niger
posting date20 Jan 2024
deadline18 Jan 2025
Ne-Niger Accelerating Electricity Access Project (Haské) -- P174034
country Niger
posting date19 Jan 2024
deadline17 Jan 2025
Ne-Rural Mobility And Connectivity Project -- P164498
country Niger
posting date13 Jan 2024
deadline11 Jan 2025
Ne-Niger Integrated Urban Development And Multi-Sectoral Resilienc -- P175857
country Niger
posting date11 Jan 2024
deadline09 Jan 2025
Ne-Niger Learning Improvement For Results In Education Project -- P168779
country Niger
posting date11 Jan 2024
deadline09 Jan 2025
Ne-Niger Learning Improvement For Results In Education Project -- P168779
country Niger
posting date09 Jan 2024
deadline07 Jan 2025
Ne-Niger Integrated Landscape Management Project -- P177043
country Niger
posting date30 Dec 2023
deadline28 Dec 2024
Ne-Niger Covid-19 Emergency Response Project -- P173846
country Niger
posting date08 Dec 2023
deadline06 Dec 2024
Ne-Niger Accelerating Electricity Access Project (Haské) -- P174034
country Niger
posting date02 Dec 2023
deadline30 Nov 2024
Ne-Niger Accelerating Electricity Access Project (Haské) -- P174034
country Niger
posting date29 Nov 2023
deadline27 Nov 2024

1