Over the past two decades, Niger's economic growth has been robust, around 5.2 %, placing the country among the region's growing economies. However, the country's economy has remained fundamentally the same during this period: undiversified, fragile, and highly vulnerable to shocks.
The level of GDP per capita increased by 30%, reflecting an estimated 2% annual growth rate in productivity gains per person employed over the period. However, due to rapid population growth, the number of poor people has increased.
To achieve a more inclusive development trajectory, Niger would benefit from strengthening institutional capacity and fostering political cohesion to agree on, adopt, and implement broad-based economic and social reforms.
The Niger Economic Memorandum identifies three priority areas for creating the conditions for economic emergence: the use of technology to accelerate private sector development; the development and proper management of extractive industries; and the establishment of financial and risk management frameworks for crises and natural disasters.