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Economy of Niger vs Romania compared: GDP & Debt

Updated on by Georank team

Niger has a GDP of $19.5B compared to $383B for Romania, ranking 132/197 and 43/197 by economy size, respectively.

Niger has $9.22B in government debt (43.4% of GDP), compared to $219B (61.6% of GDP) in Romania.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Niger
GDP, current $

GDP, constant 2015 $
Romania
GDP, current $

GDP, constant 2015 $
Year GDP
Niger Romania
Current $ Constant $ Current $ Constant $
1960 $449,526,873 $2,602,180,353 - -
1961 $485,785,231 $2,720,485,699 - -
1962 $531,736,599 $3,000,116,630 - -
1963 $586,294,879 $3,282,974,506 - -
1964 $582,816,396 $3,287,276,512 - -
1965 $673,383,511 $3,514,748,217 - -
1966 $702,296,079 $3,501,304,403 - -
1967 $665,586,872 $3,505,606,409 - -
1968 $641,214,226 $3,519,050,223 - -
1969 $625,867,985 $3,325,997,034 - -
1970 $649,916,621 $3,427,632,151 - -
1971 $693,573,704 $3,622,298,371 - -
1972 $742,779,661 $3,435,160,574 - -
1973 $946,385,105 $2,849,548,704 - -
1974 $1,026,137,111 $3,099,603,386 - -
1975 $1,048,690,933 $3,013,025,468 - -
1976 $1,064,517,601 $3,033,459,909 - -
1977 $1,291,458,041 $3,268,995,364 - -
1978 $1,774,365,590 $3,709,414,437 - -
1979 $2,109,277,666 $3,974,526,141 - -
1980 $2,508,524,721 $3,876,950,088 - -
1981 $2,170,893,414 $3,870,062,063 - -
1982 $2,017,612,216 $3,954,215,023 - -
1983 $1,803,099,561 $3,801,438,868 - -
1984 $1,461,243,326 $3,162,043,119 - -
1985 $1,440,581,652 $3,406,093,637 - -
1986 $1,904,096,998 $3,622,453,381 - -
1987 $2,233,006,105 $3,625,651,332 $38,067,567,568 -
1988 $2,280,356,193 $3,874,775,279 $40,424,528,302 -
1989 $2,179,567,114 $3,911,858,659 $41,450,777,202 -
1990 $3,512,356,508 $3,860,672,838 $38,247,882,300 $116,460,149,705
1991 $3,285,796,875 $3,843,705,602 $28,850,634,900 $101,415,582,149
1992 $3,386,232,579 $3,920,608,632 $25,121,666,667 $92,524,246,376
1993 $3,052,673,849 $3,933,219,485 $26,361,160,450 $93,938,788,973
1994 $1,938,058,175 $4,006,172,006 $30,072,805,104 $97,632,408,356
1995 $2,302,537,562 $4,104,613,432 $37,430,162,103 $103,718,335,743
1996 $2,405,686,940 $4,108,739,820 $36,937,074,278 $107,771,339,314
1997 $2,290,318,910 $4,171,499,823 $35,575,214,078 $102,545,439,457
1998 $2,643,363,519 $4,587,507,438 $41,696,091,974 $100,463,958,893
1999 $2,537,789,821 $4,577,434,991 $35,953,156,754 $100,085,550,636
2000 $2,241,753,193 $4,522,117,709 $37,253,739,511 $102,548,872,692
2001 $2,448,714,704 $4,850,791,324 $40,395,116,581 $107,900,062,083
2002 $2,782,192,879 $5,089,376,068 $46,065,502,703 $114,053,593,614
2003 $3,394,084,732 $5,199,846,593 $57,806,384,143 $116,723,756,275
2004 $3,760,443,738 $5,218,763,717 $74,973,656,852 $128,895,841,499
2005 $4,383,315,965 $5,601,396,628 $98,454,380,120 $134,912,890,211
2006 $4,756,361,252 $5,933,618,262 $122,023,735,993 $145,744,791,283
2007 $5,731,485,052 $6,120,095,512 $174,588,782,939 $156,287,689,281
2008 $7,297,600,226 $6,593,265,447 $214,315,932,061 $170,834,114,653
2009 $7,352,131,310 $6,722,664,934 $174,110,532,659 $161,409,698,529
2010 $7,851,192,502 $7,299,346,342 $170,064,350,672 $155,105,339,844
2011 $8,772,950,778 $7,471,447,187 $192,623,977,894 $162,078,238,595
2012 $9,426,912,648 $8,259,606,009 $179,117,323,107 $165,163,587,446
2013 $10,224,897,438 $8,698,614,859 $189,798,603,751 $165,624,017,080
2014 $10,862,943,544 $9,276,388,745 $199,722,319,676 $172,441,103,432
2015 $9,683,867,926 $9,683,867,926 $177,885,131,240 $177,885,131,240
2016 $10,398,861,982 $10,239,808,437 $185,290,759,249 $182,972,525,962
2017 $11,185,104,252 $10,752,347,793 $210,147,385,855 $197,967,999,561
2018 $12,837,307,497 $11,527,744,540 $243,468,683,030 $210,085,482,251
2019 $12,889,555,561 $12,212,475,571 $251,677,082,534 $218,327,690,029
2020 $13,744,653,103 $12,646,096,747 $252,033,792,712 $210,305,491,426
2021 $14,915,002,436 $12,821,067,681 $286,578,196,368 $221,968,423,308
2022 $15,433,852,714 $14,346,774,736 $296,354,358,293 $230,770,154,207
2023 $16,698,786,973 $14,586,026,438 $350,775,856,415 $236,318,495,899
2024 $19,537,639,288 $15,814,402,934 $382,767,571,329 $238,241,389,260

Economic indicators

Niger Romania
Gross domestic product
$19.5B
2024
$383B
2024
GDP rank
132/197
2024
43/197
2024
GDP growth
17%
2023-2024
9.12%
2023-2024
GDP per capita
$723
2024
$20,072
2024
GDP per capita rank
187/197
2024
58/197
2024
GDP per capita, PPP
$2,015
2024
$48,712
2024
Government debt
$9.22B
2024
$219B
2024
Debt-to-GDP ratio
43.4%
2025
61.6%
2025
Government debt per person
$341
2024
$11,490
2024
Government debt per person rank
176/185
2024
49/185
2024
Average annual personal income after taxes
$1,379
2025
$13,200
2025
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
27.8%
2021
21.8%
2023
Income share by poorest 10%
3.8%
2021
2.4%
2023
Government expenditure, % of GDP
13.4%
2025
39.2%
2025
Consumer prices inflation
9.07%
2023-2024
7.3%
2024-2025
Central bank interest rate n/a
6.5%
2024
Unemployment rate
0.4%
2022
5.43%
2024
Population
28638403
18962595

GDP per capita in Niger vs Romania

Niger's GDP per capita is $723, ranking 187/197, compared to $20,072 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Niger ranks 186th at $2,015, while Romania ranks 46th at $48,712.

Niger
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
Year Current $
Niger Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $128.3 - - -
1961 $134.6 - - -
1962 $143.2 - - -
1963 $153.3 - - -
1964 $148.1 - - -
1965 $166.3 - - -
1966 $168.6 - - -
1967 $155.4 - - -
1968 $145.6 - - -
1969 $138.3 - - -
1970 $139.8 - - -
1971 $145.2 - - -
1972 $151.4 - - -
1973 $187.9 - - -
1974 $198.3 - - -
1975 $197.2 - - -
1976 $194.8 - - -
1977 $229.8 - - -
1978 $307 - - -
1979 $354 - - -
1980 $409 - - -
1981 $343 - - -
1982 $310 - - -
1983 $268.8 - - -
1984 $211.5 - - -
1985 $202.4 - - -
1986 $259.6 - - -
1987 $295.3 - $1,659 -
1988 $292.6 - $1,753 -
1989 $271.3 - $1,790 -
1990 $424 $739 $1,648 $5,277
1991 $384 $738 $1,254 $4,792
1992 $384 $746 $1,102 $4,512
1993 $335 $742 $1,158 $4,696
1994 $206.2 $748 $1,323 $4,992
1995 $237 $757 $1,650 $5,425
1996 $239.5 $746 $1,633 $5,744
1997 $220.6 $745 $1,577 $5,563
1998 $246.1 $801 $1,853 $5,544
1999 $228.3 $783 $1,600 $5,596
2000 $194.8 $764 $1,660 $5,849
2001 $205.4 $809 $1,825 $6,521
2002 $225.3 $832 $2,120 $7,162
2003 $265.2 $837 $2,679 $7,560
2004 $283.5 $832 $3,495 $8,991
2005 $319 $888 $4,618 $9,602
2006 $333 $935 $5,758 $11,557
2007 $387 $955 $8,360 $13,703
2008 $475 $1,010 $10,435 $16,782
2009 $461 $999 $8,548 $16,632
2010 $474 $1,058 $8,400 $17,357
2011 $511 $1,064 $9,561 $18,804
2012 $529 $1,162 $8,930 $19,807
2013 $552 $1,138 $9,498 $19,678
2014 $565 $1,161 $10,032 $20,633
2015 $486 $1,172 $8,977 $21,630
2016 $503 $1,189 $9,405 $23,905
2017 $522 $1,208 $10,728 $26,943
2018 $579 $1,276 $12,502 $29,586
2019 $562 $1,419 $12,992 $33,638
2020 $580 $1,497 $13,082 $34,386
2021 $609 $1,586 $14,987 $37,733
2022 $610 $1,840 $15,558 $42,218
2023 $638 $1,875 $18,404 $45,777
2024 $723 $2,015 $20,072 $48,712

Spending and national debt comparison

In 2024, Niger's government spending was $2.62B, accounting for 13.4% of its GDP, while Romania's spent $152B, or 39.2% of GDP.

Debt-to-GDP ratio is 43.4% in Niger and 61.6% in Romania, ranking 123/185 and 74/185, respectively.

Niger
Government spending

Government debt
Romania
Government spending

Government debt
Year % of GDP
Niger Romania
Government spending Government debt Government spending Government debt
1962 - - 43.4% -
1963 - - 23.1% -
1964 - - 25.1% -
1965 - - 25.6% -
1966 - - 27.3% -
1967 - - 30.6% -
1968 - - 31.8% -
1969 - - 32.1% -
1970 - - 28.1% -
1971 - - 27.2% -
1972 - - 29.9% -
1973 - - 32.6% -
1974 - - 37.6% -
1975 - - 40.6% -
1976 - - 37.5% -
1977 - - 39.9% -
1978 - - 42.1% -
1979 - - 42% -
1980 - - 33.6% -
1981 - - 30.4% -
1982 - - 28.5% -
1983 - - 25.8% -
1984 - - 28.6% -
1985 - - 41.6% -
1986 - - 42.5% -
1987 - - 40.7% -
1988 - - 36.6% -
1989 - - 40.1% -
1990 - - 38.4% -
1991 - - 38.3% -
1992 - - 41.5% -
1993 - - 33.5% -
1994 - - 33.1% -
1995 12.5% 69.4% 34.4% 6.91%
1996 10.9% 63.5% 33.5% 11%
1997 12.9% 69.1% 33.5% 15%
1998 13.6% 61.3% 34.7% 16.5%
1999 15% 63.3% 35.1% 21.7%
2000 13.5% 82.1% 35% 29.6%
2001 13.7% 74% 33.2% 27.4%
2002 14.4% 69% 32.1% 27.4%
2003 14% 60.6% 31.8% 24.9%
2004 16.1% 55% 33.7% 21.3%
2005 15.6% 49.5% 32.3% 17.8%
2006 15.2% 18.3% 33.9% 12.7%
2007 17.4% 17.8% 34.6% 12.4%
2008 16.9% 14.2% 35.3% 13%
2009 17.7% 15.9% 36.3% 22.5%
2010 14.3% 15.1% 37.4% 30.2%
2011 15.3% 14.7% 35% 32.6%
2012 16.6% 18.1% 33.5% 36.2%
2013 20.4% 19.6% 34.2% 39.3%
2014 23.6% 22.1% 33.8% 40.5%
2015 24.2% 29.9% 34.2% 39.4%
2016 19.4% 32.8% 31.8% 39.5%
2017 19.5% 36.5% 31% 37.1%
2018 21.2% 37% 31.7% 36.2%
2019 21.6% 39.8% 33.2% 36.5%
2020 22.4% 45% 38.1% 49.3%
2021 24.3% 51.3% 37% 51.5%
2022 21.6% 50.6% 37.4% 51.7%
2023 15.8% 51.9% 36.6% 52.1%
2024 13.4% 47.2% 39.8% 57.2%
2025 13.4% 43.4% 39.2% 61.6%

Government deficit by year

In 2024, Niger's government deficit, the difference between spending and revenue, was -$834M, equivalent to -4.27% of GDP. This compares to Romania's deficit of -$33.1B, or -8.65% of GDP.

Over the past 30 years, Niger recorded a fiscal deficit in 28 of those years, while Romania ran a deficit in 30 years. On average, Niger posted an annual deficit equal to -2.01% of GDP, compared to deficit of -4.05% of GDP for Romania.

Deficit/surplus
Niger

Romania
Year Deficit/surplus, % of GDP
Niger Romania
1962 - -4.86%
1963 - -1.61%
1964 - -3.11%
1965 - -1.29%
1966 - 0.91%
1967 - 1.23%
1968 - 1.65%
1969 - 0.93%
1970 - 0.52%
1971 - 0.89%
1972 - 1.21%
1973 - 1.53%
1974 - 0.51%
1975 - 0.41%
1976 - 0.66%
1977 - 0.23%
1978 - 0%
1979 - 0%
1980 - -1.95%
1981 - 0.61%
1982 - 0.36%
1983 - 9.35%
1984 - 15.2%
1985 - 6.36%
1986 - 5.72%
1987 - 2.37%
1988 - 8.4%
1989 - -2.87%
1990 - 1.03%
1991 - 3.23%
1992 - -4.55%
1993 - -0.35%
1994 - -2.2%
1995 -3.19% -3.32%
1996 -0.36% -4.74%
1997 -2.39% -5.19%
1998 -2.23% -5.33%
1999 -4.27% -3.58%
2000 -2.83% -3.99%
2001 -2.59% -3.2%
2002 -2.21% -2.59%
2003 -2.17% -2.29%
2004 -2.76% -3.39%
2005 -1.53% -0.69%
2006 31% -1.36%
2007 -0.75% -3.05%
2008 1.11% -4.6%
2009 -3.93% -6.86%
2010 -0.99% -6.22%
2011 -2.19% -4.14%
2012 -0.83% -2.39%
2013 -1.93% -2.44%
2014 -6.12% -1.76%
2015 -6.75% -1.35%
2016 -4.46% -2.5%
2017 -4.12% -2.86%
2018 -3.01% -2.74%
2019 -3.56% -4.55%
2020 -4.82% -9.54%
2021 -6.1% -6.7%
2022 -6.77% -5.83%
2023 -5.37% -5.61%
2024 -4.27% -8.65%
2025 -3.02% -7.83%

Inflation comparison by year

Over the past 29 years, Niger has recorded an average annual inflation rate of 2.49%, compared with 18.2% in Romania. In 2024, inflation was 9.07% in Niger and 7.3% in Romania.

Inflation
Niger

Romania
Year Inflation
Niger Romania Niger Romania
1996 5.29% 38.8%
1997 2.93% 154.8%
1998 4.55% 59.1%
1999 -2.3% 45.8%
2000 2.9% 45.7%
2001 4.01% 34.5%
2002 2.63% 22.5%
2003 -1.61% 15.4%
2004 0.26% 11.9%
2005 7.8% 9%
2006 0.04% 6.6%
2007 0.05% 4.8%
2008 11.3% 7.8%
2009 0.58% 5.6%
2010 0.8% 6.1%
2011 2.94% 5.8%
2012 0.46% 3.3%
2013 2.3% 4%
2014 -0.93% 1.1%
2015 -0.58% -0.6%
2016 1.65% -1.6%
2017 2.8% 1.3%
2018 2.97% 4.6%
2019 -2.49% 3.8%
2020 2.9% 2.6%
2021 3.84% 5%
2022 4.23% 13.8%
2023 3.7% 10.4%
2024 9.07% 5.6%
2025 - 7.3%

Top exports between countries

Niger
Export category Export value
Romania
Export category Export value
Textiles & consumer goods $219K
Raw agricultural goods $117K
Processed food, beverages & tobacco $112K
Machinery & equipment $73K
Wood & paper products $24K
Metals $17K
Precious metals & jewellery $17K
Chemicals & pharma $12K
Raw materials & minerals $7K
Miscellaneous $2K

Balance of trade

Niger Romania
Current account balance
-$2.33B
2023
-$32B
2024
Current account balance ranking
145/189
2023
184/189
2024
Current account balance, % of GDP
-14%
2023
-8.36%
2024
Goods imports
$2.59B
2023
$129B
2024
Goods exports
$992M
2023
$93.3B
2024
Service imports
$1.22B
2023
$30.6B
2024
Service exports
$231M
2023
$42.9B
2024
Imports of goods and services, % of GDP
20.8%
2024
41.7%
2024
Exports of goods and services, % of GDP
31.2%
2024
35.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Niger Romania
Economic freedom 51.5 66.5
Economic freedom ranking 151/197 57/197
Property rights 29.6 81.7
Government integrity 31.8 49.1
Judicial effectiveness 37.1 67
Tax burden 77.9 93.7
Government spending 87.3 59.1
Fiscal health 34.4 36.1
Business freedom 33.8 75.1
Labor freedom 54 67.8
Monetary freedom 72.6 69.2
Trade freedom 64 79.6
Investment freedom 55 70
Financial freedom 40 50

Economic freedom by year comparison

The Economic Freedom Index for Niger is 51.5, ranking 151/197, compared to 66.5 for Romania, ranking 57/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Niger
Romania
Year Economic freedom index
Niger Romania
1995 - 42.9
1996 45.8 46.2
1997 46.6 50.8
1998 47.5 54.4
1999 48.6 50.1
2000 45.9 52.1
2001 48.9 50
2002 48.2 48.7
2003 54.2 50.6
2004 54.6 50
2005 54.1 52.1
2006 52.5 58.2
2007 53.2 61.2
2008 52.9 61.7
2009 53.8 63.2
2010 52.9 64.2
2011 54.3 64.7
2012 54.3 64.4
2013 53.9 65.1
2014 55.1 65.5
2015 54.6 66.6
2016 54.3 65.6
2017 50.8 69.7
2018 49.5 69.4
2019 51.6 68.6
2020 54.7 69.7
2021 57.3 69.5
2022 54.9 67.1
2023 53.7 64.5
2024 52.3 64.4
2025 51.5 66.5

More economic indicators

Niger Romania
Services, % of GDP
45.4%
2024
62.5%
2024
Industry, % of GDP
17.8%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
33.8%
2024
3.28%
2024
GNI, Atlas method
$17.9B
2024
$336B
2024
GNI per capita, PPP
$1,990
2024
$47,420
2024
Total reserves including gold n/a
$73.4B
2024
Total reserves ranking n/a
35/177
2024
Net foreign direct investment
-$1.02B
2023
-$6.21B
2024
Net inflows of foreign direct investment
$526M
2024
$7.35B
2024
Net outflows of foreign direct investment
$12.2M
2024
$1.15B
2024
Servicing debt to the IMF, % of GNI
1.16%
2023
n/a
Poverty at national poverty lines
41.2%
2021
19%
2023
Gross capital formation, % of GDP
18.7%
2024
24.3%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.