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The result is: 33.74 %. Meanwhile, the oil sector plunged 19.8%, following a 13.9% slump, amid lower crude oil production (1.56 million barrels per day, down from 1.67 mbps in Q3 and 2 mbps a year ago). Annual percentage growth rate of GDP at market prices based on constant local currency. Below you will find the last recordings for the indicator : Growth rate of GDP (%). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Publish your articles and forecasts in our website. Industry and Construction account for the remaining 16 percent of GDP. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. On a quarterly basis, the GDP shrank 14.27%, following a 5.59% expansion in the previous period. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Country Report 2017 - Includes Niger real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Niger: Growth rate of the real gross domestic product (GDP) from 2015 to 2025 … Also, the non-oil sector posted the first decline since the third quarter of 2017 (-6.1% vs 1.6%), as the pandemic hit critical activities such as transportation & storage (-49% vs 2.8% in Q1); accommodation & food services (-40.2% vs -3%); construction (-31.8% vs 1.7%) and internal trade (-16.6% vs -2.8%).On a quarterly basis, the GDP shrank 5%, following a 14.27% plunge in the preceding quarter. Meantime, the information & communication continued to grow notably (14.6% vs 16.5%). It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Real GDP grew 1.2% in 2020 after growing 5.9% in 2019 and 7% in 2018. It was the slowest pace of economic expansion since the third quarter of 2018, reflecting the earliest effects of the disruption, mainly in the non-oil sector (1.55% vs 2.27% in Q4), amid declines in internal trade (-2.82% vs -0.58%); accommodation & food services (-2.99% vs 2.05%); public administration (-8.72% vs 0.06%); administrative & support services (-1.9% vs 1.27%). GDP per Capita (PPP) GDP PPP per land area. GDP growth rate. Sep 2020. The latest comprehensive information for - Nigeria GDP Growth Rate - including latest news, historical data table, charts and more. In the long-term, the Nigeria GDP Annual Growth Rate is projected to trend around 2.30 percent in 2022 and 2.70 percent in 2023, according to our econometric models. -2.5 %. In some instances, these figures are estimates. The information collected for the GDP Real Growth Rate of Niger has been obtained from the Central Intelligence Agency. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. The economy of Nigeria advanced 1.87% year-on-year in the first quarter of 2020 compared to a 2.55% growth in the previous period, against the backdrop of significant global disruptions resulting from the Covid-19 public health crisis, a sharp fall in oil prices and restricted international trade. GDP: Gross domestic product (million current US$) 2014: 8169 : GDP: Gross domestic product (million current US$) 2010: 5719 : GDP: Gross domestic product (million current US$) 2005: 3369 : GDP growth rate (annual %, const. The economy of Nigeria advanced 0.1% yoy in the Q4 of 2020, following a 3.6% contraction in the previous period. In 2020, the economy shrank 1.9%, compared with a 2.3% expansion in 2019. Definition: This entry shows where production takes place in an economy. The statistic shows the growth in real GDP in Niger from 2015 to 2019, with projections up until 2025. GDP – real growth rate: 4.9% (2017 est.) It was the first contraction since the Q1 of 2017 and the steepest since the Q1 of 2004, amid still-subdued oil prices and lower levels of global economic activity resulting from nationwide shutdown efforts aimed at containing the Covid-19 pandemic. Niger GDP Growth Rate chart, historic, and current data. Other important contributions came from agriculture (3.4% vs 1.4%) and real estate (2.8% vs -13.4%). Direct access to our calendar releases and historical data. Inflation. Please check your download folder. Please check your download folder. Below you will find the last recordings for the indicator : Growth rate of GDP (%). The oil sector declined 6.6%, after rising 5.1% in the first quarter, amid lower crude oil production (1.81 million barrels per day, down from 2.07 mbpd in Q1 and 2.02 mbpd a year ago). Though Niger real GDP growth fluctuated substantially in recent years, it tended to increase through 2001 - 2020 period ending at 0.5 % in 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. Countries by Real GDP Growth Rate in 2018 (Data from IMF WEO Database, April 2020) This article includes a lists of countries and dependent territories sorted by their real gross domestic product growth rate ; the rate of growth of the value of all final goods and services produced within a … The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. 0.6 %. GINI index. N/A. The description is composed by our digital data assistant. Nigeria March Inflation Rate at Over 4-Year High, Nigeria Private Sector Growth at 5-Month High, Nigeria Factory Activity Shrinks in December, Nigeria Services Sector Shrinks for 8th Month, Fitch Revises Nigeria Credit Outlook to Negative, South African Shares End at Over 1-Month High, Paris Stocks Extend Gains Above 20-Year Highs, Russia Producer Inflation Picks Up to Over 2-Year High. Nigeria gdp growth rate for 2018 was 1.92%, a 1.12% increase from 2017. Niger gdp growth rate … World Bank national accounts data, and OECD National Accounts data files. It marks the second recession in the country in four years, amid still-subdued oil prices and lingering effects of the restrictions implemented across the country in early Q2 in response to the COVID-19. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Rate of Growth of Real GDP in Niger ... Niger: GDP per capita growth, 1 year (%). GDP Growth rates in this data are only stated annually. Niger GDP Annual Growth Rate. The recorded growth rate was 7.70 per cent points lower compared to the rate recorded during the … The data reached an all-time high of 13.473 % in 1978 and a record low of -17.048 % in 1973. Nigerian Gross Domestic Product Report (Expenditure and Income Approach) (Q1, Q2, Q3, & Q4 2020) 2: 6: 7: 529: ... Growth Rate, Contribution to GDP. Last Release. 1982-2020 Data | 2021-2023 Forecast | Calendar. Also, output grew less in manufacturing (0.43% vs 1.24%) and agriculture (2.20% vs 2.31%). We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Niger - Gross domestic product in constant prices growth rate 0.5 (%) in 2020 In 2020, real GDP growth for Niger was 0.5 %. High inflation will slow an economic recovery in 2021 and force monetary tightening from 2022, limiting the medium-term growth profile as well. Forecast. GDP – per capita: purchasing power parity – $1,200 (2017 est.) The result is: -15.74 %. At the same time, the all-important oil sector lost steam (5.06% vs 6.36%). The result is: -17.05 %. In 2019, Niger's real gross domestic product grew by around 5.9 percent compared to the previous year. The analysed country is : Niger. The percentage change in real GDP per capita for the latest year for which data is published. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. (see Data FAQs) Source: IMF World Economic Outlook Database According to the report, the Nigeria’s annual 2019 real GDP growth rate stood at 2.27%, compared to 2.3% estimated for the year and marginally higher than 1.9% in 2018. Niger The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. The lowest data : 1973 is the lowest year for the indicator : Growth rate of GDP (%). Government expenditure (% of GDP) Government expenditure (Total) Highest and Lowest Point. The oil sector declined 13.9%, following a 6.6% slump in the second quarter, amid lower crude oil production (1.67 million barrels per day, down from 1.81 mbps in Q2 and 2.04 mbps a year ago). ... GDP growth rate - Niger. Meanwhile, the non-oil sector shrank 2.5%, less than 6.1% in the Q2 amid softer declines in transportation & storage (-43% vs -49%); accommodation & food service (-22.6% vs -40.2%); trade (-12.1% vs -17%) and manufacturing (-1.5% vs -8.8%). The analysed country is : Nigeria 2005 prices) 2010: 8.4 : GDP growth rate (annual %, const. The percentage change in GDP per capita for the latest 5 years for which data is published. What is the GDP real growth rate of Niger? It was the first decline in real non-oil GDP growth rate since Q3 2017. Real GDP (constant, inflation adjusted) of Niger reached $8,504,074,484 in 2017. Nigeria gdp growth rate for 2019 was 2.21%, a 0.29% increase from 2018. Niger: GDP/cap growth, 5 years (%). Previous. Services is the largest sector of the economy, accounting for about 50 percent of total GDP. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Crude Petroleum and Natural Gas constitute only 11 percent of total GDP, while being the main exports. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. GDP of Niger increased from 2.45 billion US dollars in 2001 to 12.97 billion US dollars in 2020 growing at an average annual rate of 9.51%. Definition: Annual percentage growth rate of GDP at market prices based on constant local currency. The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. On a quarterly basis, the GDP grew 9.7%, after increasing 12.1% in the previous quarter. Imports. This records a decrease from the previous number of 4.926 % for Dec 2016. A low interest rate environment points to further adjustments to the naira's value, with the current account remaining in deficit over 2021. Nigeria is the biggest economy in Africa. Niger’s NE: GDP: Growth data is updated yearly, averaging 3.056 % from Dec 1961 to 2017, with 57 observations. One of the fastest growing segments in Services are Information and Communication, which together account for about 10 percent of the total output. Looking forward, we estimate GDP Annual Growth Rate in Nigeria to stand at 2.40 in 12 months time. Niger’s economic growth remained robust at 6.3% in 2019, driven by agriculture, which benefited from favorable weather conditions and investments aimed at boosting agricultural productivity. Download historical data for 20 million indicators using your browser. 8030: Internally Generated Revenue At State Level (Q4 2019) 2: 7: 21: ... Niger State Socio Economic Survey 2014: 3: 14: 33: Niger State, Socio Economic Survey. Niger’s NE: GDP: Growth data was reported at 4.895 % in Dec 2017. Nigeria - GDP growth (annual %) The value for GDP growth (annual %) in Nigeria was 1.94 as of 2018. Agriculture, which in the past was the biggest sector, now weights around 23 percent. Answer: The GDP real growth rate of Niger is 2.00. Niger GDP Growth Rate table by year, historic, and current data. GDP – composition by sector: agriculture: 41.6% industry: 19.5% services: 38.7% (2017) Population below poverty line: 45.4% (2014 est.) Current Niger GDP Growth Rate is 5.04%. Aggregates are based on constant 2010 U.S. dollars. Compare Countries. The non-oil sector grew 1.7%, recovering modestly from a 2.5% decline in Q3, boosted by telecommunications & information services (17.6% vs 17.4%). The economy of Nigeria shrank 6.1% yoy in the second quarter of 2020 compared to a 1.9% growth in the prior period. The lowest data : 1967 is the lowest year for the indicator : Growth rate of GDP (%). On a quarterly basis, the GDP grew 12.1%, the most since at least the Q2 of 2010, recovering sharply from a 5% contraction in the previous quarter. Current Niger GDP Growth Rate is 5.04%. It marks the first positive quarterly growth in the last three quarters, reflecting the gradual return of economic activities following the easing of restricted movements and limited local and international commercial activities in the preceding quarters. Recent macroeconomic and financial developments Niger was able to manage the health aspects of COVID– 19, but the pandemic slowed the economic dynamism that the country has displayed in recent years. Actual. 2005 prices) 2014: 6.9 : GDP growth rate (annual %, const. The data was obtained from various reports published by the National Bureau of Statistics (NBS). Where buy-to-let property earns the most; Agriculture includes farming, fishing, and forestry. As the graph below shows, over the past 57 years this indicator reached a maximum value of 25.01 in 1970 and a minimum value of -15.74 in 1967. (see Data FAQs) Source: IMF World Economic Outlook Database. GDP growth (annual %) - Nigeria. In 2020, GDP for Niger was 12.97 billion US dollars. International tourism, number of arrivals. This data displays a trend of Nigeria’s Real Gross Domestic Product (GDP) Growth Rate from 1982 to 2017. Industry includes mining, manufacturing, energy production, and construction. Niger : Table - Growth rate of GDP (%) Security issues, such as terrorist activity, and the closure of borders hurt growth. Niger gdp growth rate for 2019 was 5.90%, a 1.32% decline from 2018. The economy of Nigeria shrank 3.6% yoy in the third quarter of 2020, following a 6.1% plunge in the previous period. Intentional homicides. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. In early 2021 Niger's new president, Mohamed Bazoum, was successfully inaugurated despite an attempted coup and a refusal by opposition groups to concede the election in his favour. It's ranking among other countries is 80. 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