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Economy of Niger vs Russia compared: GDP & Debt

Updated on by Georank team

Niger has a GDP of $19.9B compared to $2.17T for Russia, ranking 130/197 and 11/197 by economy size, respectively.

Niger has $9.39B in government debt (47.2% of GDP), compared to $440B (20.3% of GDP) in Russia.

Niger vs Russia GDP by year

Niger
Russia
1x
Year GDP, current $
Niger Russia
2024 $19,876,128,486 $2,173,835,806,672
2023 $16,698,786,978 $2,071,505,725,031
2022 $15,433,852,712 $2,291,612,121,335
2021 $14,915,002,436 $1,829,186,719,575
2020 $13,744,653,103 $1,493,075,894,362
2019 $12,889,555,561 $1,693,115,002,708
2018 $12,837,307,497 $1,657,328,773,461
2017 $11,185,104,252 $1,574,199,360,089
2016 $10,398,861,982 $1,276,786,350,881
2015 $9,683,867,926 $1,363,482,182,198
2014 $10,862,943,544 $2,059,241,589,895
2013 $10,224,897,438 $2,292,470,078,346
2012 $9,426,912,648 $2,208,293,553,878
2011 $8,772,950,778 $2,045,922,753,398
2010 $7,851,192,502 $1,524,916,715,224
2009 $7,352,131,310 $1,222,645,900,056
2008 $7,297,600,226 $1,660,848,058,303
2007 $5,731,485,052 $1,299,703,478,482
2006 $4,756,361,252 $989,932,071,353
2005 $4,383,315,965 $764,015,973,481
2004 $3,760,443,738 $591,016,690,732
2003 $3,394,084,732 $430,347,420,185
2002 $2,782,192,879 $345,470,494,418
2001 $2,448,714,704 $306,602,070,621
2000 $2,241,753,193 $259,710,142,197
1999 $2,537,789,821 $195,907,128,351
1998 $2,643,363,519 $270,955,486,862
1997 $2,290,318,910 $404,928,954,192
1996 $2,405,686,940 $391,724,890,744
1995 $2,302,537,562 $395,537,185,735
1994 $1,938,058,175 $395,077,301,248
1993 $3,052,673,849 $435,083,713,851
1992 $3,386,232,579 $460,290,556,901
1991 $3,285,796,875 $517,962,962,963
1990 $3,512,356,508 $517,014,446,228
1989 $2,179,567,114 $506,631,299,735
1988 $2,280,356,193 $554,828,660,436
1987 $2,233,006,105 -
1986 $1,904,096,998 -
1985 $1,440,581,652 -
1984 $1,461,243,326 -
1983 $1,803,099,561 -
1982 $2,017,612,216 -
1981 $2,170,893,414 -
1980 $2,508,524,721 -
1979 $2,109,277,666 -
1978 $1,774,365,590 -
1977 $1,291,458,041 -
1976 $1,064,517,601 -
1975 $1,048,690,933 -
1974 $1,026,137,111 -
1973 $946,385,105 -
1972 $742,779,661 -
1971 $693,573,704 -
1970 $649,916,621 -
1969 $625,867,985 -
1968 $641,214,226 -
1967 $665,586,872 -
1966 $702,296,079 -
1965 $673,383,511 -
1964 $582,816,396 -
1963 $586,294,879 -
1962 $531,736,599 -
1961 $485,785,231 -
1960 $449,526,873 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/niger/russia | CC BY

GDP per capita in Niger vs Russia by year

Niger
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Niger Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $735 $2,050 $15,145 $47,405
2023 $638 $1,875 $14,403 $44,269
2022 $610 $1,840 $15,888 $40,939
2021 $609 $1,586 $12,637 $38,638
2020 $580 $1,497 $10,280 $31,491
2019 $562 $1,419 $11,640 $30,964
2018 $579 $1,276 $11,399 $28,629
2017 $522 $1,208 $10,835 $25,778
2016 $503 $1,189 $8,804 $24,012
2015 $486 $1,172 $9,427 $23,994
2014 $565 $1,161 $14,277 $25,688
2013 $552 $1,138 $15,941 $26,020
2012 $529 $1,162 $15,402 $24,274
2011 $511 $1,064 $14,305 $22,790
2010 $474 $1,058 $10,675 $20,490
2009 $461 $999 $8,563 $19,390
2008 $475 $1,010 $11,635 $20,164
2007 $387 $955 $9,101 $16,648
2006 $333 $935 $6,920 $14,912
2005 $319 $888 $5,323 $11,822
2004 $283.5 $832 $4,102 $10,227
2003 $265.2 $837 $2,975 $9,255
2002 $225.3 $832 $2,378 $8,037
2001 $205.4 $809 $2,100 $7,361
2000 $194.8 $764 $1,772 $6,825
1999 $228.3 $783 $1,331 $5,914
1998 $246.1 $801 $1,835 $5,465
1997 $220.6 $745 $2,738 $5,700
1996 $239.5 $746 $2,644 $5,518
1995 $237 $757 $2,666 $5,613
1994 $206.2 $748 $2,662 $5,734
1993 $335 $742 $2,931 $6,420
1992 $384 $746 $3,099 $6,862
1991 $384 $738 $3,490 $7,858
1990 $424 $739 $3,494 $8,028
1989 $271.3 - $3,430 -
1988 $292.6 - $3,778 -
1987 $295.3 - - -
1986 $259.6 - - -
1985 $202.4 - - -
1984 $211.5 - - -
1983 $268.8 - - -
1982 $310 - - -
1981 $343 - - -
1980 $409 - - -
1979 $354 - - -
1978 $307 - - -
1977 $229.8 - - -
1976 $194.8 - - -
1975 $197.2 - - -
1974 $198.3 - - -
1973 $187.9 - - -
1972 $151.4 - - -
1971 $145.2 - - -
1970 $139.8 - - -
1969 $138.3 - - -
1968 $145.6 - - -
1967 $155.4 - - -
1966 $168.6 - - -
1965 $166.3 - - -
1964 $148.1 - - -
1963 $153.3 - - -
1962 $143.2 - - -
1961 $134.6 - - -
1960 $128.3 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/niger/russia | CC BY

Niger's GDP per capita is $735, ranking 187/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Niger ranks 186th at $2,050, while Russia ranks 50th at $47,405.

Economic indicators

Niger Russia
Gross domestic product
$19.9B
2024
$2.17T
2024
GDP rank
130/197
2024
11/197
2024
GDP growth
10.3%
2023-2024
4.34%
2023-2024
GDP per capita
$735
2024
$15,145
2024
GDP per capita rank
187/197
2024
68/197
2024
GDP per capita, PPP
$2,050
2024
$47,405
2024
GDP per capita PPP rank
186/197
2024
50/197
2024
Government debt
$9.39B
2024
$440B
2024
Debt-to-GDP ratio
47.2%
2024
20.3%
2024
Government debt per person
$347
2024
$3,067
2024
Government debt per person rank
173/185
2024
98/185
2024
Average annual personal income after taxes
$1,163
2026
$10,464
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires n/a
140
2025
Income share by richest 10%
27.8%
2021
25.1%
2023
Income share by poorest 10%
3.8%
2021
3.1%
2023
Government expenditure, % of GDP
13.4%
2024
36.9%
2024
Consumer prices inflation
9.07%
2023-2024
8.4%
2023-2024
Central bank interest rate n/a
16%
2025
Unemployment rate
0.4%
2022
2.43%
2024
Population
29080898
141906741

Spending and national debt comparison by year

Niger
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Niger Russia
Government spending Government debt Government spending Government debt
2024 13.4% 47.2% 36.9% 20.3%
2023 15.8% 51.8% 35.7% 19.5%
2022 21.6% 50.6% 35.2% 18.5%
2021 24.3% 51.3% 34.9% 16.5%
2020 22.4% 45% 39.2% 19.2%
2019 21.6% 39.8% 33.8% 13.7%
2018 21.2% 37% 32.6% 13.6%
2017 19.5% 36.5% 34.8% 14.3%
2016 19.4% 32.8% 36.6% 14.8%
2015 24.2% 29.9% 35.3% 15.3%
2014 23.6% 22.1% 34.9% 15.1%
2013 20.4% 19.6% 34.7% 12.3%
2012 16.6% 18.1% 34% 11.2%
2011 15.3% 14.7% 33.3% 10.3%
2010 14.3% 15.1% 35.5% 10.1%
2009 17.7% 15.9% 38.6% 9.92%
2008 16.9% 14.2% 32% 7.45%
2007 17.4% 17.8% 31.9% 8.03%
2006 15.2% 18.3% 29% 9.8%
2005 15.6% 49.5% 29.5% 14.9%
2004 16.1% 55% 29.6% 20.8%
2003 14% 60.6% 32.6% 28.3%
2002 14.4% 69% 33.8% 37.6%
2001 13.7% 74% 31.5% 44.4%
2000 13.5% 82.1% 30.7% 55.9%
1999 15% 63.3% 34.3% 92.4%
1998 13.6% 61.3% 39.7% 135.2%
1997 12.9% 69.1% - 51.5%
1996 10.9% 63.5% - 51.9%
1995 12.5% 69.4% - 53.7%
1994 - - - 63.5%
1993 - - - 92.4%
1992 - - - 116%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-02-20).

GeoRank.org/economy/niger/russia | CC BY

In 2024, Niger's government spending was $2.67B, accounting for 13.4% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 47.2% in Niger and 20.3% in Russia, ranking 114/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Niger

Russia
1x
Year Deficit/surplus, % of GDP
Niger Russia
2024 -4.27% -1.6%
2023 -5.37% -2.22%
2022 -6.77% -1.34%
2021 -6.1% 0.78%
2020 -4.82% -3.99%
2019 -3.56% 1.93%
2018 -3.01% 2.92%
2017 -4.12% -1.47%
2016 -4.46% -3.67%
2015 -6.75% -3.39%
2014 -6.12% -1.07%
2013 -1.93% -1.16%
2012 -0.83% 0.38%
2011 -2.19% 1.43%
2010 -0.99% -3.19%
2009 -3.93% -5.89%
2008 1.11% 4.55%
2007 -0.75% 5.59%
2006 31% 7.8%
2005 -1.53% 7.6%
2004 -2.76% 4.57%
2003 -2.17% 1.35%
2002 -2.21% 0.67%
2001 -2.59% 2.99%
2000 -2.83% 3.11%
1999 -4.27% -3.59%
1998 -2.23% -7.42%
1997 -2.39% -
1996 -0.36% -
1995 -3.19% -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

GeoRank.org/economy/niger/russia | CC BY

In 2024, Niger's government deficit, the difference between spending and revenue, was $848M, equivalent to 4.27% of GDP. This compares to Russia's deficit of $34.9B, or 1.6% of GDP.

Over the past 27 years, Niger recorded a fiscal deficit in 25 of those years, while Russia ran a deficit in 13 years. On average, Niger posted an annual deficit equal to 2.02% of GDP, compared to surplus of 0.21% of GDP for Russia.

Inflation comparison by year

Inflation
Niger

Russia
1x
Year Consumer prices inflation
Niger Russia
2024 9.07% 8.4%
2023 3.7% 5.9%
2022 4.23% 13.7%
2021 3.84% 6.7%
2020 2.9% 3.4%
2019 -2.49% 4.5%
2018 2.97% 2.9%
2017 2.8% 3.7%
2016 1.65% 7%
2015 -0.58% 15.5%
2014 -0.93% 7.8%
2013 2.3% 6.8%
2012 0.46% 5.1%
2011 2.94% 8.4%
2010 0.8% 6.8%
2009 0.58% 11.6%
2008 11.3% 14.1%
2007 0.05% 9%
2006 0.04% 9.7%
2005 7.8% 12.7%
2004 0.26% 10.9%
2003 -1.61% 13.7%
2002 2.63% 15.8%
2001 4.01% 21.5%
2000 2.9% 20.8%
1999 -2.3% 85.7%
1998 4.55% 27.7%
1997 2.93% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/niger/russia | CC BY

Over the past 28 years, Niger has recorded an average annual inflation rate of 2.39%, compared with 13.4% in Russia. In 2024, inflation was 9.07% in Niger and 8.4% in Russia.

Top exports between countries

Niger
Export category Export value
Raw materials & minerals $75K
Machinery & equipment $55K
Russia
Export category Export value
Business & finance services $4.08M
Manufacturing & construction services $1.5M
Chemicals & pharma $876K
Machinery & equipment $461K
Weapons & explosives $328K
Transport & tourism services $237K
Textiles & consumer goods $226K
Wood & paper products $96K
Metals $81K
Raw agricultural goods $65K

Balance of trade

Niger Russia
Current account balance
-$2.33B
2023
$63.4B
2024
Current account balance ranking
146/190
2023
12/190
2024
Current account balance, % of GDP
-14%
2023
+2.91%
2024
Goods imports
$2.59B
2023
$302B
2024
Goods exports
$992M
2023
$434B
2024
Service imports
$1.22B
2023
$81.5B
2024
Service exports
$231M
2023
$43.1B
2024
Imports of goods and services, % of GDP
22.7%
2024
17.6%
2024
Exports of goods and services, % of GDP
27.3%
2024
21.9%
2024

Economic freedom indices

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

Niger Russia
Economic freedom 51 50.3
Economic freedom ranking 156/197 161/197
Property rights 16.6 18.6
Government integrity 33.9 22.8
Judicial effectiveness 28 22.8
Tax burden 78.2 81.9
Government spending 91.4 61.3
Fiscal health 47.6 94.4
Business freedom 32.4 51.4
Labor freedom 54.7 59.1
Monetary freedom 67.9 61.8
Trade freedom 65.8 69.4
Investment freedom 55 30
Financial freedom 40 30

Economic freedom comparison by year

Niger
Russia
1x
Year Economic freedom index
Niger Russia
2026 51 50.3
2025 51.5 51.6
2024 52.3 52
2023 53.7 53.8
2022 54.9 56.1
2021 57.3 61.5
2020 54.7 61
2019 51.6 58.9
2018 49.5 58.2
2017 50.8 57.1
2016 54.3 50.6
2015 54.6 52.1
2014 55.1 51.9
2013 53.9 51.1
2012 54.3 50.5
2011 54.3 50.5
2010 52.9 50.3
2009 53.8 50.8
2008 52.9 49.8
2007 53.2 52.2
2006 52.5 52.4
2005 54.1 51.3
2004 54.6 52.8
2003 54.2 50.8
2002 48.2 48.7
2001 48.9 49.8
2000 45.9 51.8
1999 48.6 54.5
1998 47.5 52.8
1997 46.6 48.6
1996 45.8 51.6
1995 - 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/niger/russia | CC BY

The Economic Freedom Index for Niger is 51, ranking 156/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Niger Russia
Services, % of GDP
45%
2024
57.5%
2024
Industry, % of GDP
17.6%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
34.5%
2024
2.74%
2024
GNI, Atlas method
$18.3B
2024
$2.24T
2024
GNI per capita, PPP
$2,030
2024
$46,780
2024
Total reserves including gold n/a
$597B
2023
Total reserves ranking n/a
6/177
2023
Net foreign direct investment
-$1.02B
2023
$9.37B
2024
Net inflows of foreign direct investment
$358M
2024
-$9.35B
2024
Net outflows of foreign direct investment
$20.7M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
2.65%
2024
Poverty at national poverty lines
41.2%
2021
12.1%
2020
Gross capital formation, % of GDP
22.1%
2024
26.3%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/niger/russia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2012–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.