Source: world bank Nominal/PPP
Summary:
Niger GDP Per Capita expanded from 1960 to 2024, increasing from $128.25 to $735.27 .The compound annual growth rate (CAGR) averaged 2.77% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 54.05%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Niger Economic Phases (1960 - 2024)
From 1960 to 2024, Niger economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1963) indicating robust economic expansion
- Contraction (1967–1969) indicating temporary slowdown
- Expansion (1970–1972) indicating steady moderate growth
- High Growth (1973–1974) indicating robust economic expansion
- Contraction (1975–1976) indicating temporary slowdown
- High Growth (1977–1980) indicating robust economic expansion
- Crisis (1983–1984) indicating severe economic downturn
- High Growth (1986–1987) indicating robust economic expansion
- Contraction (1988–1989) indicating temporary slowdown
- Contraction (1991–1992) indicating temporary slowdown
- Crisis (1993–1994) indicating severe economic downturn
- High Growth (2001–2005) indicating robust economic expansion
- High Growth (2007–2008) indicating robust economic expansion
- Expansion (2012–2014) indicating steady moderate growth
- Expansion (2016–2017) indicating steady moderate growth
- Expansion (2022–2023) indicating steady moderate growth
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 1990 with an increase of 56.262%, while the largest decline was in 1994 at -38.522%.