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Niger: The most dynamic economy in West Africa, according to the IMF

28/09/2021
Categories: Economy/Forex

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The figures are green for Niger which, despite the security and health crises, is positioning itself as a regional growth champion. With the new government, the reforms follow one another and promise new days for the economy.

Niger's inflation is less than 3%, budget deficits less than 4% and public debt around 44% of gross domestic product (GDP). With growth announced at nearly 7% for 2021, the IMF qualifies it as the most dynamic economy in West Africa. Reforms have followed one another to computerize online tax declarations and payments and to create a one-stop shop for foreign trade. All domestic payment arrears were cleared at the end of 2019. The multi-year budget and economic programming document (DPBEP) presented in July by the Nigerien government provides for a strong and constant acceleration in growth, i.e. 5.5% in 2021, 7.1% in 2022, 8.6% in 2023 and 12.8% in 2024.

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