Niger
Niger, located in Sahel, is poorly distributed economy. The economy is mostly dependent on agriculture for its 40% of its GDP and large oil production. In 2023, the Real GDP was 4.1% reduced from 11.9 during 2022. If the proper steps are taken by the government then the Niger’s GDP is expected to reach 11.1%.
| Metric | Value |
|---|---|
| Population | 28,238,972 |
| Real GDP Growth (Projected) | 11.1% |
| GDP per Capita (Projected) | $695.723 |
Government Initiative: Government initiative to improve economy of NIger are as follows
- To invest in financial, digital and critical infrastructure.
- Establish strong foundation for diversification and and steady MSME economy
- Creating healthy business environment
- Promoting development opportunities to reduce the social and economic difference across the states.
Top 10 Fastest Growing Economies in the World
The top 10 fastest-growing Economies in the World are Macao SAR, Guyana, Palau, Niger, Senegal, Libya, Rwanda, Côte d’Ivoire, Burkina Faso, and Benin as per IMF projection for 2024. Every country on the globe faced a massive setback in their economic growth during the pandemic. This led to a massive fall in the global economy. Consequently, it became tough for the countries to regain their growth rate of the pre-pandemic period.