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Economy of Niger vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Niger has a GDP of $19.9B compared to $1.12B for Vanuatu, ranking 130/197 and 188/197 by economy size, respectively.

Niger has $9.39B in government debt (47.2% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Niger vs Vanuatu GDP by year

Niger
Vanuatu
1x
Year GDP, current $
Niger Vanuatu
2024 $19,876,128,486 $1,117,972,034
2023 $16,698,786,978 $1,115,861,056
2022 $15,433,852,712 $1,055,031,361
2021 $14,915,002,436 $950,394,007
2020 $13,744,653,103 $909,421,044
2019 $12,889,555,561 $936,526,268
2018 $12,837,307,497 $914,727,908
2017 $11,185,104,252 $880,043,284
2016 $10,398,861,982 $804,323,577
2015 $9,683,867,926 $759,690,181
2014 $10,862,943,544 $773,717,011
2013 $10,224,897,438 $758,304,466
2012 $9,426,912,648 $747,839,698
2011 $8,772,950,778 $770,153,588
2010 $7,851,192,502 $670,712,980
2009 $7,352,131,310 $592,622,319
2008 $7,297,600,226 $590,748,429
2007 $5,731,485,052 $516,392,923
2006 $4,756,361,252 $439,358,587
2005 $4,383,315,965 $394,962,433
2004 $3,760,443,738 $364,996,869
2003 $3,394,084,732 $314,471,413
2002 $2,782,192,879 $262,596,536
2001 $2,448,714,704 $257,926,882
2000 $2,241,753,193 $272,014,628
1999 $2,537,789,821 $268,006,973
1998 $2,643,363,519 $262,293,411
1997 $2,290,318,910 $272,771,209
1996 $2,405,686,940 $261,370,044
1995 $2,302,537,562 $249,333,250
1994 $1,938,058,175 $233,701,301
1993 $3,052,673,849 $200,491,853
1992 $3,386,232,579 $209,088,825
1991 $3,285,796,875 $201,334,169
1990 $3,512,356,508 $168,879,207
1989 $2,179,567,114 $154,013,202
1988 $2,280,356,193 $158,351,368
1987 $2,233,006,105 $139,464,174
1986 $1,904,096,998 $126,498,935
1985 $1,440,581,652 $131,856,421
1984 $1,461,243,326 $144,482,515
1983 $1,803,099,561 $117,389,554
1982 $2,017,612,216 $114,501,913
1981 $2,170,893,414 $113,781,796
1980 $2,508,524,721 $121,185,498
1979 $2,109,277,666 $119,258,835
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/vanuatu | CC BY

GDP per capita in Niger vs Vanuatu by year

Niger
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Niger Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $735 $2,050 $3,411 $3,606
2023 $638 $1,875 $3,483 $3,568
2022 $610 $1,840 $3,370 $3,453
2021 $609 $1,586 $3,107 $3,136
2020 $580 $1,497 $3,043 $3,118
2019 $562 $1,419 $3,207 $3,315
2018 $579 $1,276 $3,207 $3,233
2017 $522 $1,208 $3,160 $3,146
2016 $503 $1,189 $2,956 $3,030
2015 $486 $1,172 $2,855 $2,966
2014 $565 $1,161 $2,973 $2,890
2013 $552 $1,138 $2,980 $2,832
2012 $529 $1,162 $3,005 $2,834
2011 $511 $1,064 $3,163 $2,816
2010 $474 $1,058 $2,815 $2,733
2009 $461 $999 $2,546 $2,730
2008 $475 $1,010 $2,604 $2,701
2007 $387 $955 $2,334 $2,573
2006 $333 $935 $2,035 $2,496
2005 $319 $888 $1,874 $2,287
2004 $283.5 $832 $1,774 $2,157
2003 $265.2 $837 $1,567 $2,070
2002 $225.3 $832 $1,341 $1,995
2001 $205.4 $809 $1,350 $2,125
2000 $194.8 $764 $1,460 $2,206
1999 $228.3 $783 $1,472 $2,084
1998 $246.1 $801 $1,471 $2,091
1997 $220.6 $745 $1,562 $2,087
1996 $239.5 $746 $1,529 $1,998
1995 $237 $757 $1,492 $1,961
1994 $206.2 $748 $1,431 $1,946
1993 $335 $742 $1,257 $1,789
1992 $384 $746 $1,344 $1,777
1991 $384 $738 $1,326 $1,737
1990 $424 $739 $1,141 $1,670
1989 $271.3 - $1,067 -
1988 $292.6 - $1,125 -
1987 $295.3 - $1,017 -
1986 $259.6 - $946 -
1985 $202.4 - $1,012 -
1984 $211.5 - $1,137 -
1983 $268.8 - $947 -
1982 $310 - $946 -
1981 $343 - $962 -
1980 $409 - $1,048 -
1979 $354 - $1,055 -
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/vanuatu | CC BY

Niger's GDP per capita is $735, ranking 187/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Niger ranks 186th at $2,050, while Vanuatu ranks 170th at $3,606.

Economic indicators

Niger Vanuatu
Gross domestic product
$19.9B
2024
$1.12B
2024
GDP rank
130/197
2024
188/197
2024
GDP growth
10.3%
2023-2024
0.94%
2023-2024
GDP per capita
$735
2024
$3,411
2024
GDP per capita rank
187/197
2024
137/197
2024
GDP per capita, PPP
$2,050
2024
$3,606
2024
GDP per capita PPP rank
186/197
2024
170/197
2024
Government debt
$9.39B
2024
$507M
2024
Debt-to-GDP ratio
47.2%
2024
45.3%
2024
Government debt per person
$347
2024
$1,546
2024
Government debt per person rank
173/185
2024
131/185
2024
Average annual personal income after taxes
$1,163
2026
$3,164
2026
Income share by richest 10%
27.8%
2021
24.7%
2019
Income share by poorest 10%
3.8%
2021
3%
2019
Government expenditure, % of GDP
13.4%
2024
41.1%
2024
Consumer prices inflation
9.07%
2023-2024
11.2%
2022-2023
Unemployment rate
0.4%
2022
4.05%
2020
Population
29080898
344750

Spending and national debt comparison by year

Niger
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Niger Vanuatu
Government spending Government debt Government spending Government debt
2024 13.4% 47.2% 41.1% 45.3%
2023 15.8% 51.8% 41.6% 41.8%
2022 21.6% 50.6% 42% 42.8%
2021 24.3% 51.3% 44.4% 48.5%
2020 22.4% 45% 43.4% 48%
2019 21.6% 39.8% 39.8% 45.1%
2018 21.2% 37% 33.3% 45.3%
2017 19.5% 36.5% 37.1% 52.6%
2016 19.4% 32.8% 35.2% 42.5%
2015 24.2% 29.9% 42.4% 36.3%
2014 23.6% 22.1% 23.3% 20.2%
2013 20.4% 19.6% 22.9% 18.6%
2012 16.6% 18.1% 24.5% 19.3%
2011 15.3% 14.7% 25.1% 21.3%
2010 14.3% 15.1% 28.3% 20.2%
2009 17.7% 15.9% 27.6% 21.1%
2008 16.9% 14.2% 27.8% 21.2%
2007 17.4% 17.8% 22.5% 19.5%
2006 15.2% 18.3% 20.1% 22.2%
2005 15.6% 49.5% 18.3% 26.3%
2004 16.1% 55% 18.5% 30.4%
2003 14% 60.6% 18.8% 38.3%
2002 14.4% 69% 22.3% 38.8%
2001 13.7% 74% 22.3% 37%
2000 13.5% 82.1% 25.4% 36.1%
1999 15% 63.3% 23.9% 30.6%
1998 13.6% 61.3% 27.9% 28%
1997 12.9% 69.1% 22.2% 22.9%
1996 10.9% 63.5% 24.5% 23.1%
1995 12.5% 69.4% 28% 24.1%
1994 - - 24.4% 21.6%
1993 - - 26.2% 20.3%
1992 - - 31.8% 21%
1991 - - 33.2% 15.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2024, Niger's government spending was $2.67B, accounting for 13.4% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 47.2% in Niger and 45.3% in Vanuatu, ranking 114/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Niger

Vanuatu
1x
Year Deficit/surplus, % of GDP
Niger Vanuatu
2024 -4.27% -2.34%
2023 -5.37% -0.95%
2022 -6.77% -6.5%
2021 -6.1% 2.38%
2020 -4.82% -1.95%
2019 -3.56% 2.81%
2018 -3.01% 6.26%
2017 -4.12% -1.2%
2016 -4.46% -0.72%
2015 -6.75% -8.66%
2014 -6.12% 1.44%
2013 -1.93% -0.25%
2012 -0.83% -1.7%
2011 -2.19% -2.19%
2010 -0.99% -2.63%
2009 -3.93% -0.85%
2008 1.11% -0.04%
2007 -0.75% 0.28%
2006 31% 0.49%
2005 -1.53% 1.86%
2004 -2.76% 0.8%
2003 -2.17% -1.35%
2002 -2.21% -3.63%
2001 -2.59% -3.33%
2000 -2.83% -6.28%
1999 -4.27% -0.55%
1998 -2.23% -6.65%
1997 -2.39% -0.51%
1996 -0.36% -1.78%
1995 -3.19% -2.59%
1994 - -1.49%
1993 - -3.67%
1992 - -2.32%
1991 - -2.81%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/niger/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 30 years, Niger recorded a fiscal deficit in 28 of those years, while Vanuatu ran a deficit in 22 years. On average, Niger posted an annual deficit equal to 2.01% of GDP, compared to deficit of 1.34% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Niger

Vanuatu
1x
Year Consumer prices inflation
Niger Vanuatu
2024 9.07% -
2023 3.7% 11.2%
2022 4.23% 6.68%
2021 3.84% 2.34%
2020 2.9% 5.33%
2019 -2.49% 2.76%
2018 2.97% 2.33%
2017 2.8% 3.08%
2016 1.65% 0.84%
2015 -0.58% 2.48%
2014 -0.93% 0.8%
2013 2.3% 1.46%
2012 0.46% 1.35%
2011 2.94% 0.87%
2010 0.8% 2.76%
2009 0.58% 4.3%
2008 11.3% 4.84%
2007 0.05% 3.94%
2006 0.04% 2.04%
2005 7.8% 1.2%
2004 0.26% 1.42%
2003 -1.61% 3.02%
2002 2.63% 1.96%
2001 4.01% 3.58%
2000 2.9% 2.54%
1999 -2.3% 2%
1998 4.55% 3.28%
1997 2.93% 2.83%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 27 years, Niger has recorded an average annual inflation rate of 2.14%, compared with 3.01% in Vanuatu. In 2023, inflation was 9.07% in Niger and 11.2% in Vanuatu.

Balance of trade

Niger Vanuatu
Current account balance
-$2.33B
2023
-$127M
2022
Current account balance ranking
146/190
2023
90/190
2022
Current account balance, % of GDP
-14%
2023
-12.1%
2022
Goods imports
$2.59B
2023
$350M
2022
Goods exports
$992M
2023
$73.6M
2022
Service imports
$1.22B
2023
$230M
2022
Service exports
$231M
2023
$78.5M
2022
Imports of goods and services, % of GDP
22.7%
2024
54.2%
2022
Exports of goods and services, % of GDP
27.3%
2024
9.43%
2022

Economic freedom indices

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

Niger Vanuatu
Economic freedom 51 61.1
Economic freedom ranking 156/197 92/197
Property rights 16.6 62.1
Government integrity 33.9 48.3
Judicial effectiveness 28 67.9
Tax burden 78.2 96.9
Government spending 91.4 48.1
Fiscal health 47.6 78.8
Business freedom 32.4 50.3
Labor freedom 54.7 41
Monetary freedom 67.9 72.1
Trade freedom 65.8 62
Investment freedom 55 65
Financial freedom 40 40

Economic freedom comparison by year

Niger
Vanuatu
1x
Year Economic freedom index
Niger Vanuatu
2026 51 61.1
2025 51.5 61.8
2024 52.3 62.2
2023 53.7 62.1
2022 54.9 62.9
2021 57.3 60.5
2020 54.7 60.7
2019 51.6 56.4
2018 49.5 69.5
2017 50.8 67.4
2016 54.3 60.8
2015 54.6 61.1
2014 55.1 59.5
2013 53.9 56.6
2012 54.3 56.6
2011 54.3 56.7
2010 52.9 56.4
2009 53.8 58.4
2008 52.9 -
2007 53.2 -
2006 52.5 -
2005 54.1 -
2004 54.6 -
2003 54.2 -
2002 48.2 -
2001 48.9 -
2000 45.9 -
1999 48.6 -
1998 47.5 -
1997 46.6 -
1996 45.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Niger is 51, ranking 156/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Niger Vanuatu
Services, % of GDP
45%
2024
59.1%
2022
Industry, % of GDP
17.6%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
34.5%
2024
24.3%
2022
GNI, Atlas method
$18.3B
2024
$1.28B
2024
GNI per capita, PPP
$2,030
2024
$4,140
2024
Total reserves including gold n/a
$615M
2024
Total reserves ranking n/a
152/177
2024
Net foreign direct investment
-$1.02B
2023
-$9.21M
2022
Net inflows of foreign direct investment
$358M
2024
$28.9M
2024
Net outflows of foreign direct investment
$20.7M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
2.04%
2024
Poverty at national poverty lines
41.2%
2021
15.9%
2020
Gross capital formation, % of GDP
22.1%
2024
38.3%
2022

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/vanuatu | 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 (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.