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Niger is one of the poorest countries in the world, ranking near last on the United Nations Development Fund index of human development. It is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, and strong population growth have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translates into the forgiveness of approximately US $86 million in debts to the IMF, excluding the remaining assistance under HIPC. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Uranium prices have increased sharply in the last few years.
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$10.09 billion (2009 est.)
country comparison to the world: 147
$10.21 billion (2008 est.)
$9.34 billion (2007 est.)
note:
data are in 2009 US dollars
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$5.261 billion (2009 est.)
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-1.2% (2009 est.)
country comparison to the world: 132
9.3% (2008 est.)
3.2% (2007 est.)
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$700 (2009 est.)
country comparison to the world: 223
$700 (2008 est.)
$700 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 39%
industry:
17%
services:
44% (2001)
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4.688 million (2007)
country comparison to the world: 77
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agriculture: 90%
industry:
6%
services:
4% (1995)
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NA%
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63% (1993 est.)
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lowest 10%: 2.3%
highest 10%:
35.7% (2005)
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50.5 (1995)
country comparison to the world: 22
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revenues: $320 million (includes $134 million from foreign sources)
expenditures:
$320 million (2002 est.)
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0.1% (2007 est.)
country comparison to the world: 28
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4.75% (31 December 2008)
country comparison to the world: 115
4.25% (31 December 2007)
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NA%
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$617.9 million (31 December 2008)
country comparison to the world: 124
$604.5 million (31 December 2007)
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$226.8 million (31 December 2008)
country comparison to the world: 147
$193.7 million (31 December 2007)
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$NA (31 December 2008)
$318.9 million (31 December 2007)
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$NA
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cowpeas, cotton, peanuts, millet, sorghum, cassava (tapioca), rice; cattle, sheep, goats, camels, donkeys, horses, poultry
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uranium mining, cement, brick, soap, textiles, food processing, chemicals, slaughterhouses
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5.1% (2003 est.)
country comparison to the world: 23
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150 million kWh (2007 est.)
country comparison to the world: 181
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589.5 million kWh (2007 est.)
country comparison to the world: 158
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0 kWh (2008 est.)
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450 million kWh (2007 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 151
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6,000 bbl/day (2009 est.)
country comparison to the world: 163
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0 bbl/day (2007 est.)
country comparison to the world: 159
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5,367 bbl/day (2007 est.)
country comparison to the world: 156
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0 bbl
country comparison to the world: 148
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0 cu m (2008 est.)
country comparison to the world: 154
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0 cu m (2008 est.)
country comparison to the world: 128
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0 cu m (2008 est.)
country comparison to the world: 149
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0 cu m (2008 est.)
country comparison to the world: 109
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0 cu m (1 January 2009 est.)
country comparison to the world: 148
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-$321 million (2007 est.)
country comparison to the world: 98
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$428 million (2006)
country comparison to the world: 169
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uranium ore, livestock, cowpeas, onions
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France 52.63%, Nigeria 22.43%, US 18.24% (2009)
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$800 million (2006)
country comparison to the world: 176
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foodstuffs, machinery, vehicles and parts, petroleum, cereals
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China 16.32%, France 15.95%, Netherlands 7.66%, Algeria 7.15%, French Polynesia 6.11%, Nigeria 5.48%, Cote d'Ivoire 4.15%, US 4.05% (2009)
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$2.1 billion (2003 est.)
country comparison to the world: 131
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Communaute Financiere Africaine francs (XOF) per US dollar - 481.35 (2009), 447.81 (2008), 493.51 (2007), 522.59 (2006), 527.47 (2005)
note:
since 1 January 1999, the West African CFA franc (XOF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; West African CFA franc (XOF) coins and banknotes are not accepted in countries using Central African CFA francs (XAF), and vice versa, even though the two currencies trade at par
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