Skip to Main Navigation



Niger, which is located in the heart of the Sahel, has a poorly diversified economy, with agriculture accounting for 40% of its GDP. More than 10 million persons (41.8% of the population) were living in extreme poverty in 2021.

Niger is grappling with an influx of refugees fleeing conflicts in Nigeria and Mali. As of August 31, 2022, the United Nations High Commissioner for Refugees (UNHCR) had identified 294,467 refugees and almost 350,000 displaced persons in the country.

Political Context

Mohamed Bazoum, the candidate of the party in power, was elected president in elections held in December 2020 and February 2021, marking the first democratic transfer of power in the country’s history.

Niger is facing a security crisis in the areas bordering Nigeria, Burkina Faso, and Mali, where armed groups carry out repeated attacks against the security forces and civilians. A state of emergency was declared in the Diffa, Tahoua, and Tillaberi regions.

Economic Overview

After weak 1.4% GDP growth in 2021, economic growth in 2022 is estimated at 11.5%. Agricultural production increased by 27%, thanks to a better-than-average rainy season and the expansion of irrigated production, which more than compensated for the decline in mining and manufacturing. At the same time, the services sector benefited from the expansionary fiscal policy and the construction of the oil pipeline, which boosted market services and transport.

Global commodity prices and continuing pressures on the domestic food market pushed the average annual inflation rate to a 10-year high of 4.2% in 2022, up from 3.8% in 2021. Niger nevertheless had the lowest inflation rate in the WAEMU region.


In 2023, real GDP growth is projected to be in line with potential, at 6.9%, and increase further in 2024 to 12.5%. This is due to the launch of large-scale oil production and exports, continued donor support, and an economic reform program designed to boost overall productivity and strengthen economic governance, bringing GDP per capita to a level 15% higher than in 2021.

Inflation is projected to fall to 3.2% in 2023 and to 2.8% in 2024 as food inflation moderates, before rising slightly in 2025 owing to additional demand fueled by oil revenues. As a result of increased food imports, the current account deficit will reach 17% before narrowing to 11.5% with the launch of oil exports.

This outlook is subject to a high degree of uncertainty and multiple risks, owing to intensified climate change-related shocks, deteriorating security conditions that could drain additional resources, a slowdown in global oil prices and/or delays in production expansion, and delays in key structural economic reforms and complementary investments.

Last Updated: Mar 23, 2023

What's new


Niger: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
More Photos

In Depth

  • The World Bank
    Apr 05, 2023

    Africa’s Pulse

    Economic growth in Sub-Saharan Africa is set to slow from 3.6% in 2022 to 3.1% in 2023.

  • cpia
    Sep 12, 2023

    CPIA Africa

    The 2023 Africa Country Policy and Institutional Assessment (CPIA) report covers the period January to December 2022. The overall average score for Sub-Saharan Africa’s IDA-eligible countries remained unchanged in 2022 ...

  • MAdagascar Hoel

    IDA in Africa

    With IDA’s help, hundreds of millions of people have escaped poverty—through the creation of jobs, access to clean water, schools, roads, nutrition, electricity, and more.

  • The World Bank

    World Bank Africa Multimedia

    Watch, listen and click through the latest videos, podcasts and slideshows highlighting the World Bank’s work in Sub-Saharan Africa.

Additional Resources

Country Office Contacts

Main Office Contact
964 Avenue du Fleuve Niger, Plateau
BP 12402, Niamey, Niger
For general information and inquiries
Mouslim Sidi Mohamed
External Affairs Officer
For project-related issues and complaints