3.12 NIGER'S ECONOMY (FACTS)
ECONOMY OVERVIEW: Niger is a poor,
land-locked sub-Saharan nation, whose economy, agriculture, animal husbandry
and re export trade, and increasingly because of declining world demand. The
50% devaluation of CFA Francs in January 1994 boosted exports of livestock,
cowpeas, onions and the small cotton industry. The government relies on
bilateral and multilateral relations suspended following the Aril 1999 coup
d'État - for operating expenditures investment. In 2000-01, the World
Bank approves a structural adjustment program to help support fiscal reforms.
However, reforms could provoke government's bleak financial situation. The IMF
approved a $73 million and growth facility for Niger in 2000 and announced $115
million in Heavily Indebted Poor Countries (HIPC) initiatives. Further,
disbursen in 2002. Future growth may be sustained by exploration of oil, gold
mineral resources.
GDP: Purchasing power Parity - $8713 billion (2002 est.)
GDP: Real Growth Rate; 2.9% (2002 est.)
GDP: Per capital: Purchasing power Parity - $800 (2002
est.)
GDP: Composition by sector
Agriculture - 39%
Industry - 17%
Services - 44% (2001 est.)
Population below poverty line: 63% (1993 est.)
House Below poverty line: 63% (1993 est.)
Lowest 10%: 0.8%
Highest 10%: 35.4 (1995)
Inflation Rate (Consumer Prices) - 3% (2002 est.).
Labour force: 70,000 Receive regular wages or salaries
Labour force - by occupation: Agriculture 90%, industry and
commerce 6%, Government 4%.
Unemployment Rate: NA
Budget: Revenues: $320 million - including capital
expenditures of $178 million
Industries: Uranium mining, cement, brick, textile, food
processing, chemicals
Industrial production by source: Fossil fuel - 100%, Hydro -
0%, Nuclear - 0%
Electricity - Consumption: 325.1 million kwh (2001)
Electricity - Export: 0 kwh (2001)
Electricity - imports 100million kwh (2001)
Agriculture products: Cowpeas, Cotton, peanuts, millet,
sorghum, cassava (Tapioca), rice, camels, donkeys, horses and poultry.
Exports: $293 million f.o.b. (2002 est.)
Exports-Commodities: Uranium ore, livestock, cowpeas, onions
Exports-partners: France 39%, Nigeria 33.2%, Japan 17.1%,
(2002)
Imports; $368 million f.o.b. (2002 est.)
Imports-Commodities: Foodstuffs, Machinery, Vehicles and parts
petroleum and cereals
Imports partners: France 16.8%, Cote d'Ivoire 14.9%, China
9.8%, Nigeria 7.4%, U.S. 5.4%, and India 4.4% (2002).
Debt - External: $1.6 million (1999 est.)
ECONOMIC aid recipient: $341milion (1997)
Currency: Communauté Financière en Afrique
Francs (XOF), Responsible at the Central Bank of West African States (BCEAO)
Currency Code: XOF
Exchange Rate: Communauté Financière en Afrique
Francs (XOF) per dollars - 696.9 (2001), 711.98 (2000), 615.7 (1999), 589.95
(1998).
Fiscal Year: Calendar year
3.13 TRANSPORTATION
Railways: 0km
Highways: Total 10,100km, paved: 798km, unpaved 9,302km, (1999
est.)
Waterways: 300kmnote: the Niger River is navigable from Niamey
to Gaya on the Benin frontier from mid December through March
Ports and Habours: None
Airports; 27 (2002) Airports - with pave runways: Total,
92,438 to 3,047m, 2,914 to 1,523m; 14 under 914m 2002)
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