GDP per capita, Purchasing Power Parity: For that indicator, the World Bank provides data for Niger from 1980 to 2011. The average value for Niger during that period was 682.21 U.S. dollars with a minumum of 597.06 U.S. dollars in 2000 and a maximum of 940.95 U.S. dollars in 1980. Below we provide more information about: GDP per capita, PPP in Niger.
GDP per capita in Niger and other countries is calculated as the Gross Domestic Product (GDP) divided by the population.
We show the GDP per capita in Purchasing Power Parity (PPP) terms, i.e. we calculate the GDP per capita in different countries using U.S. prices. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U.S. prices?'
Moreover, we use constant 2005 U.S. prices. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production.
GDP per capita varies considerably across countries. In advanced economies, it exceeds 35,000 dollars per year. In some very poor countries, it is less than 1000 dollars per year.
For insight into the factors that explain economic growth and development in Niger and other countries, visit the economic growth section of our global economy guide.
GDP per capita, PPP rankings for over 200 countries. Create and download charts with the country comparator.
Inflation: percent change in the Consumer Price Index: For that indicator, the World Bank provides data for Niger from 1964 to 2011. The average value for Niger during that period was 5 percent with a minumum of -7.8 percent in 1991 and a maximum of 36 percent in 1994. Below we provide more information about: Inflation in Niger.
Inflation in Niger and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator. You can read about the measures, causes, and consequences of inflation in the inflation articles of our global economy guide.
Most countries try to keep inflation somewhere around 2-3 percent per year. That is too low to cause any problems for the businesses and households. At the same time, it is comfortably away from negative inflation, i.e. from deflation. Of course, this target is often missed.
Inflation rankings for over 200 countries. Create and download charts with the country comparator. Niger:Government budget balance
Government budget balance as percent of GDP: For that indicator, the World Bank provides data for Niger from 2005 to 2007. The average value for Niger during that period was 12.54 percent with a minumum of -1.88 percent in 2005 and a maximum of 40.43 percent in 2006.
The budget balance in Niger and other countries is calculated as the difference between the taxes collected by the government and the government spending. The budget could be in surplus (or deficit) if the tax revenue is greater (smaller) than the spending. A budget surplus is recorded with a plus sign and a deficit is recorded with a minus sign. The budget balance is usually reported as percent of GDP. This tells us how large the deficit or surplus is relative to the economy.
Most governments try to keep their deficits below 3 percent of GDP. Here is the reason. When the government runs a deficit, they borrow money and, as result, their...