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Economy of Niger vs South Africa compared: GDP & Debt

Updated on by Georank

Niger has a GDP of $21.6B compared to $427B for South Africa, ranking 129/197 and 40/197 by economy size, respectively.

Niger has $9.82B in government debt (45.4% of GDP), compared to $336B (78.6% of GDP) in South Africa.

Niger vs South Africa GDP by year

Niger
South Africa
1x
Year GDP, current $
Niger South Africa
2025 $21,646,191,388 $427,184,325,997
2024 $19,729,786,047 $401,144,998,374
2023 $16,949,765,464 $381,440,724,491
2022 $15,531,799,641 $407,596,043,068
2021 $14,936,154,253 $419,986,284,375
2020 $13,648,332,190 $337,974,655,408
2019 $12,420,836,507 $389,330,032,224
2018 $12,800,907,986 $405,260,723,893
2017 $11,359,273,443 $381,448,814,653
2016 $10,341,025,540 $323,585,509,674
2015 $9,683,867,926 $346,709,790,459
2014 $10,862,943,544 $381,198,869,776
2013 $10,224,897,438 $400,886,013,596
2012 $9,426,912,648 $434,400,545,086
2011 $8,772,950,778 $458,199,494,831
2010 $7,851,192,502 $417,363,822,802
2009 $7,352,131,310 $329,754,060,647
2008 $7,297,600,226 $316,131,258,616
2007 $5,731,485,052 $333,077,117,254
2006 $4,756,361,252 $303,858,675,364
2005 $4,383,315,965 $288,867,217,197
2004 $3,760,443,738 $255,806,908,595
2003 $3,394,084,732 $197,018,965,309
2002 $2,782,192,879 $129,087,556,612
2001 $2,448,714,704 $135,429,905,923
2000 $2,241,753,193 $151,752,757,215
1999 $2,537,789,821 $151,516,957,079
1998 $2,643,363,519 $152,982,984,557
1997 $2,290,318,910 $168,978,057,328
1996 $2,405,686,940 $163,234,925,381
1995 $2,302,537,562 $171,735,933,897
1994 $1,938,058,175 $153,512,712,382
1993 $3,052,673,849 $147,194,747,566
1992 $3,386,232,579 $146,956,150,987
1991 $3,285,796,875 $135,203,698,238
1990 $3,512,356,508 $126,048,140,142
1989 $2,179,567,114 $108,055,624,082
1988 $2,280,356,193 $103,976,831,871
1987 $2,233,006,105 $96,535,763,418
1986 $1,904,096,998 $73,354,771,399
1985 $1,440,581,652 $64,459,376,087
1984 $1,461,243,326 $84,870,163,366
1983 $1,803,099,561 $96,204,110,942
1982 $2,017,612,216 $85,904,057,409
1981 $2,170,893,414 $93,141,472,164
1980 $2,508,524,721 $89,411,864,402
1979 $2,109,277,666 $63,038,658,089
1978 $1,774,365,590 $51,607,412,902
1977 $1,291,458,041 $45,328,411,332
1976 $1,064,517,601 $41,150,460,288
1975 $1,048,690,933 $42,906,905,672
1974 $1,026,137,111 $41,389,186,095
1973 $946,385,105 $33,262,772,008
1972 $742,779,661 $24,515,919,217
1971 $693,573,704 $23,411,076,638
1970 $649,916,621 $21,218,391,513
1969 $625,867,985 $19,256,992,297
1968 $641,214,226 $17,124,793,150
1967 $665,586,872 $15,821,393,671
1966 $702,296,079 $14,211,394,315
1965 $673,383,511 $13,068,994,772
1964 $582,816,396 $11,955,995,218
1963 $586,294,879 $10,854,195,658
1962 $531,736,599 $9,813,996,074
1961 $485,785,231 $9,225,996,310
1960 $449,526,873 $8,748,596,501

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/niger/south-africa | CC BY

GDP per capita in Niger vs South Africa by year

Niger
GDP per capita

GDP per capita, PPP
South Africa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Niger South Africa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $775 - $6,598 -
2024 $730 $2,050 $6,267 $15,456
2023 $648 $1,875 $6,034 $15,200
2022 $614 $1,840 $6,534 $14,749
2021 $610 $1,586 $6,829 $13,682
2020 $575 $1,497 $5,581 $12,671
2019 $541 $1,419 $6,534 $13,361
2018 $577 $1,276 $6,914 $13,347
2017 $530 $1,208 $6,618 $13,738
2016 $500 $1,189 $5,651 $13,519
2015 $486 $1,172 $6,112 $13,398
2014 $565 $1,161 $6,857 $13,359
2013 $552 $1,138 $7,332 $13,369
2012 $529 $1,162 $8,077 $12,987
2011 $511 $1,064 $8,646 $13,143
2010 $474 $1,058 $7,973 $12,637
2009 $461 $999 $6,375 $12,261
2008 $475 $1,010 $6,185 $12,525
2007 $387 $955 $6,592 $12,047
2006 $333 $935 $6,077 $11,250
2005 $319 $888 $5,837 $10,441
2004 $283.5 $832 $5,221 $9,714
2003 $265.2 $837 $4,062 $9,139
2002 $225.3 $832 $2,688 $8,792
2001 $205.4 $809 $2,847 $8,428
2000 $194.8 $764 $3,218 $8,095
1999 $228.3 $783 $3,242 $7,667
1998 $246.1 $801 $3,310 $7,463
1997 $220.6 $745 $3,700 $7,433
1996 $239.5 $746 $3,618 $7,208
1995 $237 $757 $3,856 $6,875
1994 $206.2 $748 $3,489 $6,611
1993 $335 $742 $3,400 $6,375
1992 $384 $746 $3,462 $6,275
1991 $384 $738 $3,243 $6,383
1990 $424 $739 $3,093 $6,382
1989 $271.3 - $2,727 -
1988 $292.6 - $2,702 -
1987 $295.3 - $2,586 -
1986 $259.6 - $2,027 -
1985 $202.4 - $1,839 -
1984 $211.5 - $2,504 -
1983 $268.8 - $2,938 -
1982 $310 - $2,717 -
1981 $343 - $3,050 -
1980 $409 - $3,029 -
1979 $354 - $2,202 -
1978 $307 - $1,852 -
1977 $229.8 - $1,671 -
1976 $194.8 - $1,559 -
1975 $197.2 - $1,670 -
1974 $198.3 - $1,656 -
1973 $187.9 - $1,369 -
1972 $151.4 - $1,038 -
1971 $145.2 - $1,020 -
1970 $139.8 - $952 -
1969 $138.3 - $891 -
1968 $145.6 - $817 -
1967 $155.4 - $779 -
1966 $168.6 - $722 -
1965 $166.3 - $685 -
1964 $148.1 - $646 -
1963 $153.3 - $605 -
1962 $143.2 - $563 -
1961 $134.6 - $546 -
1960 $128.3 - $532 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/niger/south-africa | CC BY

Niger's GDP per capita is $775, ranking 188/197, compared to $6,598 in South Africa, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Niger ranks 186th at $2,050, while South Africa ranks 112th at $15,456.

Economic indicators

Niger South Africa
Gross domestic product
$21.6B
2025
$427B
2025
GDP rank
129/197
2025
40/197
2025
GDP growth
7.01%
2024-2025
1.11%
2024-2025
GDP per capita
$775
2025
$6,598
2025
GDP per capita rank
188/197
2025
109/197
2025
GDP per capita, PPP
$2,050
2024
$15,456
2024
GDP per capita PPP rank
186/197
2024
112/197
2024
Government debt
$9.82B
2025
$336B
2025
Debt-to-GDP ratio
45.4%
2025
78.6%
2025
Government debt per person
$352
2025
$5,189
2025
Government debt per person rank
175/185
2025
84/185
2025
Average annual personal income after taxes
$1,418
2026
$4,738
2026
Market capitalization of domestic companies n/a
$1.4T
2025
Number of millionaires n/a
97,000
2026
Number of billionaires n/a
7
2026
Income share by richest 10%
27.8%
2021
42.1%
2022
Income share by poorest 10%
3.8%
2021
1.4%
2022
Government expenditure, % of GDP
14.8%
2025
34.2%
2025
Consumer prices inflation
-4.45%
2024-2025
3.21%
2024-2025
Central bank interest rate n/a
7%
2026
Unemployment rate
0.4%
2022
32.3%
2024
Population
29294628
65829368

Spending and national debt comparison by year

Niger
Spending

Debt
South Africa
Spending

Debt
1x
Year % of GDP
Niger South Africa
Government spending Government debt Government spending Government debt
2025 14.8% 45.4% 34.2% 78.6%
2024 13.4% 47.7% 33% 76%
2023 15.8% 51.8% 32.5% 73.2%
2022 21.6% 50.7% 31.9% 70.7%
2021 24.3% 51.3% 32.7% 68.8%
2020 22.4% 45% 34.6% 68.9%
2019 21.6% 39.8% 31.4% 56.1%
2018 21.2% 37% 30.2% 51.5%
2017 19.5% 36.5% 29.9% 48.6%
2016 19.4% 32.8% 29.9% 47.1%
2015 24.2% 29.9% 30.2% 45.2%
2014 23.6% 22.1% 29.3% 43.3%
2013 20.4% 19.6% 28.9% 40.4%
2012 16.6% 18.1% 28.6% 37.4%
2011 15.3% 14.7% 28.1% 34.7%
2010 14.3% 15.1% 28.3% 31.2%
2009 17.7% 15.9% 28.5% 27%
2008 16.9% 14.2% 26% 24%
2007 17.4% 17.8% 24.4% 24.3%
2006 15.2% 18.3% 24.7% 28%
2005 15.6% 49.5% 25.1% 29.6%
2004 16.1% 55% 22.7% 30.7%
2003 14% 60.6% 22.6% 31.5%
2002 14.4% 69% 22.2% 31.8%
2001 13.7% 74% 22.6% 38%
2000 13.5% 82.1% 22.6% 37.9%
1999 15% 63.3% 26.7% 45.9%
1998 13.6% 61.3% 27.1% 45.8%
1997 12.9% 69.1% 27.9% 45.8%
1996 10.9% 63.5% 28.5% 44.3%
1995 12.5% 69.4% 27.2% 47%
1994 - - 31.3% 46.4%
1993 - - 29.1% 39.8%
1992 - - 29.8% 34.8%
1991 - - 27.8% 34.7%
1990 - - 28.7% 31.8%
1989 - - 29.6% 33.3%
1988 - - 23.9% 30.6%
1987 - - 28% 33.5%
1986 - - 27.8% 32.5%
1985 - - 26.8% 26.3%
1984 - - 25.2% 23.2%
1983 - - 25.1% 28.7%
1982 - - 23.8% 31.3%
1981 - - 23.3% 27.4%
1980 - - 21.8% 33.3%
1979 - - 26.5% 41.9%
1978 - - 26.8% 44.7%
1977 - - 27.3% 45.3%
1976 - - 23% 35%
1975 - - 21.2% 32.8%
1974 - - 19.1% 33.7%
1973 - - 21% 38.2%
1972 - - 22.9% 41.1%
1971 - - 19.9% 41.1%
1970 - - 20% 43.3%
1969 - - 18.8% 44.4%
1968 - - 19.4% 42.7%
1967 - - 18.8% 41.1%
1966 - - 18.3% 41.4%
1965 - - 18.2% 42.7%
1964 - - 11.3% 30%
1963 - - 15.9% 43.4%
1962 - - 15.9% 45.7%
1961 - - 15.7% 52.8%
1960 - - 16.7% 52.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/niger/south-africa | CC BY

In 2025, Niger's government spending was $3.2B, accounting for 14.8% of its GDP, while South Africa spent $146B, or 34.2% of GDP.

Debt-to-GDP ratio is 45.4% in Niger and 78.6% in South Africa, ranking 114/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Niger

South Africa
1x
Year Deficit/surplus, % of GDP
Niger South Africa
2025 -3.28% -5.78%
2024 -4.27% -5.67%
2023 -5.37% -5.6%
2022 -6.77% -4.25%
2021 -6.1% -5.54%
2020 -4.82% -9.62%
2019 -3.56% -5.07%
2018 -3.01% -3.73%
2017 -4.12% -4.02%
2016 -4.46% -3.72%
2015 -6.75% -4.37%
2014 -6.12% -3.93%
2013 -1.93% -3.9%
2012 -0.83% -4.04%
2011 -2.19% -3.7%
2010 -0.99% -4.51%
2009 -3.93% -4.67%
2008 1.11% -0.49%
2007 -0.75% 1.22%
2006 31% 0.81%
2005 -1.53% -0.1%
2004 -2.76% -1.04%
2003 -2.17% -1.59%
2002 -2.21% -0.96%
2001 -2.59% -1.02%
2000 -2.83% -1.38%
1999 -4.27% -2.21%
1998 -2.23% -2.56%
1997 -2.39% -4.08%
1996 -0.36% -4.53%
1995 -3.19% -4.38%
1994 - -8.09%
1993 - -8.54%
1992 - -7.09%
1991 - -4.85%
1990 - -3.82%
1989 - -8.3%
1988 - -3.29%
1987 - -6.36%
1986 - -5.69%
1985 - -4.86%
1984 - -5.24%
1983 - -5.3%
1982 - -3.88%
1981 - -3.72%
1980 - -1.91%
1979 - -4.65%
1978 - -5.42%
1977 - -5.52%
1976 - -4.19%
1975 - -2.62%
1974 - -1.5%
1973 - -4.54%
1972 - -5.39%
1971 - -1.96%
1970 - -3.19%
1969 - -3.94%
1968 - -3.38%
1967 - -3.8%
1966 - -3.04%
1965 - -3.15%
1964 - -1.19%
1963 - -2.26%
1962 - -1.4%
1961 - -3.25%
1960 - -2.36%
1959 - -4.4%
1958 - -3.5%
1957 - -2.8%
1956 - -2.12%
1955 - -2.9%
1954 - -2.53%
1953 - -3.72%
1952 - -4.14%
1951 - -0.4%
1950 - -2.33%
1949 - -6.87%
1948 - -6.03%
1947 - -1.82%
1946 - -4.03%
1945 - -7.41%
1944 - -8.94%
1943 - -8.49%
1942 - -9.08%
1941 - -7.3%
1940 - -10.9%
1939 - -2.96%
1938 - -3.91%
1937 - -2.16%
1936 - -2.58%
1935 - -3.2%
1934 - -3.29%
1933 - -3.31%
1932 - -4.72%
1931 - -5.31%
1930 - -5.19%
1929 - -4.41%
1928 - -3.29%
1927 - -3.79%
1926 - -4.76%
1925 - -4.92%
1924 - -4.72%
1923 - -5.53%
1922 - -4.51%
1921 - -5.38%
1920 - -5.52%
1919 - -2.6%
1918 - -3.7%
1917 - -3.52%
1916 - -2.57%
1915 - -10.7%
1914 - -11.6%
1913 - -4.15%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/niger/south-africa | CC BY

In 2025, Niger's government deficit, the difference between spending and revenue, was $711M, equivalent to 3.28% of GDP. This compares to South Africa's deficit of $24.7B, or 5.78% of GDP.

Over the past 31 years, Niger recorded a fiscal deficit in 29 of those years, while South Africa ran a deficit in 29 years. On average, Niger posted an annual deficit equal to 2.05% of GDP, compared to deficit of 3.37% of GDP for South Africa.

Inflation comparison by year

Inflation
Niger

South Africa
1x
Year Consumer prices inflation
Niger South Africa
2025 -4.45% 3.21%
2024 9.07% 4.36%
2023 3.7% 6.08%
2022 4.23% 7.04%
2021 3.84% 4.62%
2020 2.9% 3.23%
2019 -2.49% 4.1%
2018 2.97% 4.51%
2017 2.8% 5.19%
2016 1.65% 6.6%
2015 -0.58% 4.52%
2014 -0.93% 6.13%
2013 2.3% 5.78%
2012 0.46% 5.74%
2011 2.94% 5%
2010 0.8% 4.07%
2009 0.58% 7.24%
2008 11.3% 9.91%
2007 0.05% 6.18%
2006 0.04% 3.24%
2005 7.8% 2.06%
2004 0.26% -0.69%
2003 -1.61% 5.68%
2002 2.63% 9.49%
2001 4.01% 5.7%
2000 2.9% 5.34%
1999 -2.3% 5.18%
1998 4.55% 6.88%
1997 2.93% 8.6%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/niger/south-africa | CC BY

Over the past 29 years, Niger has recorded an average annual inflation rate of 2.15%, compared with 5.34% in South Africa. In 2025, inflation was -4.45% in Niger and 3.21% in South Africa.

Top exports between countries

Niger
Export category Export value
Precious metals & jewellery $11.2M
Machinery & equipment $527K
Raw materials & minerals $61K
Textiles & consumer goods $4K
South Africa
Export category Export value
Processed food, beverages & tobacco $8.01M
Machinery & equipment $4.1M
Raw materials & minerals $432K
Raw agricultural goods $183K
Metals $171K
Textiles & consumer goods $72K
Chemicals & pharma $70K
Animal & marine products $20K
Precious metals & jewellery $8K
Wood & paper products $5K

Balance of trade

Niger South Africa
Current account balance
-$1.2B
2024
-$1.81B
2025
Current account balance ranking
123/190
2024
135/190
2025
Current account balance, % of GDP
-6.09%
2024
-0.42%
2025
Goods imports
$2B
2024
$104B
2025
Goods exports
$1.52B
2024
$116B
2025
Service imports
$1.03B
2024
$21.8B
2025
Service exports
$248M
2024
$18.1B
2025
Imports of goods and services, % of GDP
18.1%
2025
29.5%
2025
Exports of goods and services, % of GDP
15.8%
2025
31.4%
2025

Economic freedom indices

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

Niger South Africa
Economic freedom 51 58.6
Economic freedom ranking 156/197 110/197
Property rights 16.6 48.8
Government integrity 33.9 46.7
Judicial effectiveness 28 64.6
Tax burden 78.2 65.4
Government spending 91.4 68.4
Fiscal health 47.6 45.3
Business freedom 32.4 67.9
Labor freedom 54.7 70.8
Monetary freedom 67.9 75.8
Trade freedom 65.8 68.8
Investment freedom 55 40
Financial freedom 40 40

Economic freedom comparison by year

Niger
South Africa
1x
Year Economic freedom index
Niger South Africa
2026 51 58.6
2025 51.5 57.3
2024 52.3 55.3
2023 53.7 55.7
2022 54.9 56.2
2021 57.3 59.7
2020 54.7 58.8
2019 51.6 58.3
2018 49.5 63
2017 50.8 62.3
2016 54.3 61.9
2015 54.6 62.6
2014 55.1 62.5
2013 53.9 61.8
2012 54.3 62.7
2011 54.3 62.7
2010 52.9 62.8
2009 53.8 63.8
2008 52.9 63.4
2007 53.2 63.5
2006 52.5 63.7
2005 54.1 62.9
2004 54.6 66.3
2003 54.2 67.1
2002 48.2 64
2001 48.9 63.8
2000 45.9 63.7
1999 48.6 63.3
1998 47.5 64.3
1997 46.6 63.2
1996 45.8 62.5
1995 - 60.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/niger/south-africa | CC BY

The Economic Freedom Index for Niger is 51, ranking 156/197, compared to 58.6 for South Africa, ranking 110/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Niger South Africa
Services, % of GDP
31.1%
2025
63.1%
2025
Industry, % of GDP
18.7%
2025
24.1%
2025
Agriculture, forestry, and fishing, % of GDP
47.6%
2025
2.83%
2025
GNI, Atlas method
$20.9B
2025
$406B
2025
GNI per capita, PPP
$2,150
2025
$15,600
2025
Total reserves including gold n/a
$76B
2025
Total reserves ranking n/a
35/177
2025
Net foreign direct investment
-$337M
2024
-$1.85B
2025
Net inflows of foreign direct investment
$358M
2024
$2.33B
2024
Net outflows of foreign direct investment
$20.7M
2024
-$1.26B
2024
Servicing debt to the IMF, % of GNI
1.96%
2024
5.74%
2024
Poverty at national poverty lines
41.2%
2021
37.9%
2022
Gross capital formation, % of GDP
22%
2025
13.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/niger/south-africa | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.