Highlights

  • The world’s fourth-largest producer of uranium, Niger has been producing crude oil since 2011.  These two products are the country’s main export products. 
  • Niger’s economy growth is estimated at 5.1% in 2019, down by 1.9 points compared to 2018. The growth outlook remains less favorable in 2020, with a projected growth rate of 1.0% in line with the impact of the COVID-19 on economic activity, particularly in the secondary and tertiary sectors. Thus, the contribution to growth in the secondary sector will fall from 1.7 points in 2019 to 0.1 points in 2020. As for the contribution to growth in the tertiary sector, it would be negative in 2020 after a contribution of 2.2 points in 2019. Notwithstanding the security challenge to which Niger is exposed and the shocks still facing its economy, the country has experienced an average growth of 5.5% over the last five years.
  • The dynamism of the economy is boosted by the implementation of the Economic and Social Development Plan (PDES) over the 2017-2021 period, one of the objectives of which is to achieve sustained and inclusive growth.
  • The public investment expenditure under the PDES and the expenditure incurred in the fight against insecurity have contributed to the deterioration of Niger’s budget balance. Related to GDP, the budget deficit of the country was above the community standard of 3.0% over the 2015-2017 period. The improved performance of financial institutions and the measures taken by the Government to control public expenditure helped reduce the budget deficit from 6.7% in 2015 to 4.1% in 2017 before reaching 3.0% in 2018. The budget deficit is estimated at 3.6% of GDP in 2019, it would settle at 5.0% in 2020.   
  • Given the realization of investments within the framework of the PDES and the fall in world uranium prices, the current account deficit in Niger widened over the 2015-2017 period with an estimated average level of 12.8% of GDP over the period. In 2019, the current account deficit related to GDP is estimated at 11.4%, down by 1.3 percentage points compared to 2018. It is projected to increase in 2020 at 14.0% of GDP. 
  • The deterioration in the budget balance contributed to increase in the debt rate of Niger from 39.0 % in 2018 to 42.0 % in 2019, an increase of 3.0 percentage points. In 2020, Niger’s debt rate would reach 47.1%. Despite this increasing trend, Niger’s debt rate is expected to remain below the community standard of 70%.

 

  2015 2016 2017 2018 2019 2020
Real GDP growth (%) 4.7 5.7 5.0 7.0 5.1 1.0
Inflation rate (annual average)   1.0 0.2 0.1 2.8 -2.6 1.1
Underlying budget balance / Nominal GDP * -6.7 -4.5 -4.1 -3.0 -3.6 -5.0
Investment ratio* 32.2 27.7 28.3 29.3 31.0 31.6
Current balance, grants included* -15.4 -11.5 -11.4 -12.7 -11.4 -14.0
Overall debt* 39.9 44.6 39.6 39.0 42.0 47.1

Sources : BCEAO, February 2020. except overall debt (IMF, Regional Economic Outlook : sub-Saharan Africa, April 2020) * in % of GDP 

Loading...

IssuerInstrumentAdditional detailsDate of operationValue dateDeadlineMore infoStatus
NigerT-Bill08/04/202109/04/202107/04/2022More info | CompletedrealizedNiger 08/04/2021
Niger
SI (Security 1)
T-BondObligations de Relance (OdR)11/03/202112/03/202112/03/2024More info | CompletedrealizedSI - Niger 11/03/2021
Niger
SI (Security 2)
T-BondObligations de Relance (OdR)11/03/202112/03/202112/03/2026More info | CompletedrealizedSI - Niger 11/03/2021
Niger
SI (Security 3)
T-BondObligations de Relance (OdR)11/03/202112/03/202112/03/2028More info | CompletedrealizedSI - Niger 11/03/2021
NigerT-Bill11/02/202112/02/202110/02/2022More info | CompletedrealizedNiger 11/02/2021
NigerT-Bond14/01/202115/01/202115/01/2024More info | CompletedrealizedNiger 14/01/2021
NigerT-BillBons COVID-1910/11/202011/11/202008/12/2020More info | CompletedrealizedNiger 10/11/2020
NigerT-Bill26/11/202027/11/202025/11/2021More info | CompletedrealizedNiger 26/11/2020
NigerT-Bond12/11/202013/11/202013/11/2025More info | CompletedrealizedNiger 12/11/2020
NigerT-Bill15/10/202016/10/202014/10/2021More info | CompletedrealizedNiger 15/10/2020
NigerT-Bill27/08/202028/08/202026/08/2021More info | CompletedrealizedNiger 27/08/2020
NigerT-BillBons COVID-1911/08/202012/08/202010/11/2020More info | CompletedrealizedNiger 11/08/2020
NigerT-Bill17/09/202018/09/202018/03/2021More info | CompletedrealizedNiger 17/09/2020
NigerT-Bill03/09/202004/09/202002/09/2021More info | CompletedrealizedNiger 03/09/2020
NigerT-Bill13/08/202014/08/2020--More info
canceled | Completed

canceled
Niger 13/08/2020
NigerT-Bill09/07/202010/07/202008/07/2021More info | CompletedrealizedNiger 09/07/2020
NigerT-Bill31/05/201601/06/201630/08/2016More info | CompletedrealizedNiger 31/05/2016
NigerT-Bill14/04/201615/04/201613/10/2016More info | CompletedrealizedNiger 14/04/2016
NigerT-Bill06/10/201607/10/201604/10/2018More info | CompletedrealizedNiger 06/10/2016
NigerT-Bond21/08/201422/08/201422/08/2019More info | CompletedrealizedNiger 21/08/2014
NigerT-Bond02/04/201403/04/201403/04/2019More info | CompletedrealizedNiger 02/04/2014
NigerT-Bill12/12/2019----More info
canceled | Completed

canceled
Niger 12/12/2019
NigerT-BillBons COVID-1912/05/202013/05/202011/08/2020More info | CompletedrealizedNiger 12/05/2020
NigerT-Bill25/06/202026/06/202024/06/2021More info | CompletedrealizedNiger 25/06/2020
NigerT-Bill11/06/202012/06/202010/06/2021More info | CompletedrealizedNiger 11/06/2020
NigerT-Bond28/05/202029/05/202029/05/2023More info | CompletedrealizedNiger 28/05/2020
NigerT-Bond24/04/202027/04/202027/04/2025More info | CompletedrealizedNiger 24/04/2020
NigerT-Bond12/03/202013/03/202013/03/2023More info | CompletedrealizedNiger 12/03/2020
NigerT-Bond13/02/202014/02/202014/02/2027More info | CompletedrealizedNiger 13/02/2020
NigerT-Bond09/05/201910/05/201910/05/2022More info | CompletedrealizedNiger 09/05/2019
NigerT-Bond28/03/201929/03/201929/03/2022More info | CompletedrealizedNiger 28/03/2019
NigerT-Bond14/03/201915/03/201915/03/2024More info | CompletedrealizedNiger 14/03/2019
NigerT-Bond22/11/201823/11/201805/10/2021More info | CompletedrealizedNiger 22/11/2018
NigerT-Bond30/10/201831/10/201831/10/2023More info | CompletedrealizedNiger 30/10/2018
NigerT-Bond08/02/201809/02/201816/10/2020More info | CompletedrealizedNiger 08/02/2018
NigerT-Bond15/09/201718/09/201718/09/2020More info | CompletedrealizedNiger 15/09/2017
NigerT-Bond17/08/201718/08/201718/08/2022More info | CompletedrealizedNiger 17/08/2017
NigerT-Bond13/10/201716/10/201716/10/2020More info | CompletedrealizedNiger 13/10/2017
NigerT-Bond28/06/201729/06/201729/06/2022More info | CompletedrealizedNiger 28/06/2017
NigerT-Bond17/11/201618/11/201618/11/2023More info | CompletedrealizedNiger 17/11/2016
NigerT-Bond31/03/201601/04/201601/04/2019More info | CompletedrealizedNiger 31/03/2016
NigerT-Bond17/08/201618/08/201618/08/2021More info | CompletedrealizedNiger 17/08/2016
NigerT-Bond08/09/201509/09/201525/02/2020More info | CompletedrealizedNiger 08/09/2015
NigerT-Bond28/07/201529/07/201529/07/2018More info | CompletedrealizedNiger 28/07/2015
NigerT-Bond09/06/201510/06/201525/02/2020More info | CompletedrealizedNiger 09/06/2015
NigerT-Bond24/02/201525/02/201525/02/2020More info | CompletedrealizedNiger 24/02/2015
NigerT-Bill14/01/201615/01/201612/01/2017More info | CompletedrealizedNiger 14/01/2016
NigerT-Bill21/10/201522/10/201520/04/2016More info | CompletedrealizedNiger 21/10/2015
NigerT-Bill23/04/201524/04/201522/10/2015More info | CompletedrealizedNiger 23/04/2015
NigerT-Bill21/01/201522/01/201520/01/2016More info | CompletedrealizedNiger 21/01/2015
NigerT-Bill30/10/201431/10/201430/04/2015More info | CompletedrealizedNiger 30/10/2014
NigerT-Bill06/05/201407/05/201405/11/2014More info | CompletedrealizedNiger 06/05/2014
NigerT-Bill30/01/201431/01/201429/01/2015More info | CompletedrealizedNiger 30/01/2014
NigerT-Bill04/01/201805/01/201805/04/2018More info
canceled | Completed

canceled
Niger 04/01/2018
NigerT-Bill12/12/201713/12/201713/03/2018More info
canceled | Completed

canceled
Niger 12/12/2017
NigerT-Bill28/11/201729/11/201727/11/2018More info
canceled | Completed

canceled
Niger 28/11/2017
NigerT-Bill09/04/202010/04/202008/04/2021More info | CompletedrealizedNiger 09/04/2020
NigerT-Bill05/12/201906/12/201904/06/2020More info | CompletedrealizedNiger 05/12/2019
NigerT-Bill29/11/201902/12/201929/11/2020More info | CompletedrealizedNiger 29/11/2019
NigerT-Bill07/11/201908/11/201905/11/2020More info | CompletedrealizedNiger 07/11/2019
NigerT-Bill24/10/201925/10/201922/10/2020More info | CompletedrealizedNiger 24/10/2019
NigerT-Bill02/10/201903/10/201930/09/2020More info | CompletedrealizedNiger 02/10/2019
NigerT-Bill26/09/201927/09/201926/12/2019More info | CompletedrealizedNiger 26/09/2019
NigerT-Bill12/09/201913/09/201910/09/2020More info | CompletedrealizedNiger 12/09/2019
NigerT-Bill22/08/201923/08/201920/08/2020More info | CompletedrealizedNiger 22/08/2019
NigerT-Bill08/08/201909/08/201906/08/2020More info | CompletedrealizedNiger 08/08/2019
NigerT-Bill30/07/201931/07/201928/07/2020More info | CompletedrealizedNiger 30/07/2019
NigerT-Bill04/07/201905/07/201902/07/2020More info | CompletedrealizedNiger 04/07/2019
NigerT-Bill27/06/201928/06/201925/06/2020More info | CompletedrealizedNiger 27/06/2019
NigerT-Bill20/06/201921/06/201919/12/2019More info | CompletedrealizedNiger 20/06/2019
NigerT-Bill28/05/201929/05/201926/05/2020More info | CompletedrealizedNiger 28/05/2019
NigerT-Bill11/04/201912/04/201909/04/2020More info | CompletedrealizedNiger 11/04/2019
NigerT-Bill14/02/201915/02/201913/02/2020More info | CompletedrealizedNiger 14/02/2019
NigerT-Bill17/01/201918/01/201916/01/2020More info | CompletedrealizedNiger 17/01/2019
NigerT-Bill30/11/201803/12/201801/12/2019More info | CompletedrealizedNiger 30/11/2018
NigerT-Bill13/11/201814/11/201814/05/2019More info | CompletedrealizedNiger 13/11/2018
NigerT-Bill23/10/201824/10/201820/11/2018More info | CompletedrealizedNiger 23/10/2018
NigerT-Bill13/09/201814/09/201813/12/2018More info | CompletedrealizedNiger 13/09/2018
NigerT-Bill30/08/201831/08/201829/08/2019More info | CompletedrealizedNiger 30/08/2018
NigerT-Bill19/07/201820/07/201818/07/2019More info | CompletedrealizedNiger 19/07/2018
NigerT-Bill27/04/201830/04/201828/10/2018More info | CompletedrealizedNiger 27/04/2018
NigerT-Bill26/03/201827/03/201824/09/2018More info | CompletedrealizedNiger 26/03/2018
NigerT-Bill22/02/201823/02/201823/08/2018More info | CompletedrealizedNiger 22/02/2018
NigerT-Bill25/01/201826/01/201824/01/2019More info | CompletedrealizedNiger 25/01/2018
NigerT-Bill15/01/201816/01/201805/04/2018More info | CompletedrealizedNiger 15/01/2018
NigerT-Bill16/11/201717/11/201717/05/2018More info | CompletedrealizedNiger 16/11/2017
NigerT-Bill29/09/201702/10/201731/12/2017More info | CompletedrealizedNiger 29/09/2017
NigerT-Bill23/02/201724/02/201725/05/2017More info | CompletedrealizedNiger 23/02/2017
NigerT-Bill10/01/201711/01/201709/01/2018More info | CompletedrealizedNiger 10/01/2017
Niger
SI (Security 1)
T-Bond18/10/201819/10/201805/10/2021More info | CompletedrealizedSI - Niger 18/10/2018
Niger
SI (Security 2)
T-Bond18/10/201819/10/201813/07/2023More info | CompletedrealizedSI - Niger 18/10/2018
Niger
SI (Security 1)
T-Bill04/10/201805/10/201803/10/2019More info | CompletedrealizedSI - Niger 04/10/2018
Niger
SI (Security 2)
T-Bond04/10/201805/10/201805/10/2021More info | CompletedrealizedSI - Niger 04/10/2018
Niger
SI (Security 1)
T-Bill27/09/201828/09/201826/09/2019More info | CompletedrealizedSI - Niger 27/09/2018
Niger
SI (Security 2)
T-Bond27/09/201828/09/201802/08/2021More info | CompletedrealizedSI - Niger 27/09/2018
Niger
SI (Security 1)
T-Bill14/08/201816/08/201814/08/2019More info | CompletedrealizedSI - Niger 14/08/2018
Niger
SI (Security 2)
T-Bond14/08/201816/08/201802/08/2021More info | CompletedrealizedSI - Niger 14/08/2018
Niger
SI (Security 1)
T-Bill01/08/201802/08/201831/07/2019More info | CompletedrealizedSI - Niger 01/08/2018
Niger
SI (Security 2)
T-Bond01/08/201802/08/201802/08/2021More info | CompletedrealizedSI - Niger 01/08/2018
Niger
SI (Security 1)
T-Bill12/07/201813/07/201811/07/2019More info | CompletedrealizedSI - Niger 12/07/2018
Niger
SI (Security 2)
T-Bond12/07/201813/07/201813/07/2023More info | CompletedrealizedSI - Niger 12/07/2018
Niger
SI (Security 1)
T-Bond06/07/201809/07/201809/07/2023More info | CompletedrealizedSI - Niger 06/07/2018
Niger
SI (Security 2)
T-Bond06/07/201809/07/201809/07/2025More info | CompletedrealizedSI - Niger 06/07/2018
Niger
SI (Security 1)
T-Bill07/06/201808/06/201806/12/2018More info | CompletedrealizedSI - Niger 07/06/2018
Niger
SI (Security 2)
T-Bond07/06/201808/06/201823/03/2023More info | CompletedrealizedSI - Niger 07/06/2018
Niger
SI (Security 1)
T-Bill17/05/201818/05/201815/11/2018More info | CompletedrealizedSI - Niger 17/05/2018
Niger
SI (Security 2)
T-Bond17/05/201818/05/201823/03/2023More info | CompletedrealizedSI - Niger 17/05/2018
Niger
SI (Security 1)
T-Bill08/05/201809/05/201807/08/2018More info | CompletedrealizedSI - Niger 08/05/2018
Niger
SI (Security 2)
T-Bond08/05/201809/05/201823/03/2023More info | CompletedrealizedSI - Niger 08/05/2018
Niger
SI (Security 1)
T-Bill22/03/201823/03/201821/06/2018More info | CompletedrealizedSI - Niger 22/03/2018
Niger
SI (Security 2)
T-Bond22/03/201823/03/201823/03/2023More info | CompletedrealizedSI - Niger 22/03/2018
Niger
SI (Security 1)
T-Bill19/05/201722/05/201719/11/2017More info | CompletedrealizedSI - Niger 19/05/2017
Niger
SI (Security 2)
T-Bill19/05/201722/05/201720/05/2018More info | CompletedrealizedSI - Niger 19/05/2017
Niger
SI (Security 1)
T-Bill30/03/201731/03/201728/09/2017More info | CompletedrealizedSI - Niger 30/03/2017
Niger
SI (Security 2)
T-Bill30/03/201731/03/201729/03/2018More info | CompletedrealizedSI - Niger 30/03/2017