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Economy of Niger vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Niger has a GDP of $19.5B compared to $44.2B for Zimbabwe, ranking 132/197 and 99/197 by economy size, respectively.

Niger has $9.22B in government debt (43.4% of GDP), compared to $41.8B (58.6% of GDP) in Zimbabwe.

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 $
Zimbabwe
GDP, current $

GDP, constant 2015 $
Year GDP
Niger Zimbabwe
Current $ Constant $ Current $ Constant $
1960 $449,526,873 $2,602,180,353 $1,052,990,485 $4,350,191,359
1961 $485,785,231 $2,720,485,699 $1,096,646,688 $4,624,956,287
1962 $531,736,599 $3,000,116,630 $1,117,601,690 $4,691,299,938
1963 $586,294,879 $3,282,974,506 $1,159,511,793 $4,984,240,868
1964 $582,816,396 $3,287,276,512 $1,217,138,098 $4,929,106,598
1965 $673,383,511 $3,514,748,217 $1,311,435,906 $5,171,153,857
1966 $702,296,079 $3,501,304,403 $1,281,749,603 $5,249,917,254
1967 $665,586,872 $3,505,606,409 $1,397,002,112 $5,689,178,300
1968 $641,214,226 $3,519,050,223 $1,479,600,019 $5,801,262,791
1969 $625,867,985 $3,325,997,034 $1,747,998,941 $6,522,257,412
1970 $649,916,621 $3,427,632,151 $1,884,206,452 $7,994,014,635
1971 $693,573,704 $3,622,298,371 $2,178,716,475 $8,706,887,816
1972 $742,779,661 $3,435,160,574 $2,677,729,616 $9,432,151,957
1973 $946,385,105 $2,849,548,704 $3,309,353,866 $9,677,832,605
1974 $1,026,137,111 $3,099,603,386 $3,982,161,721 $10,319,003,882
1975 $1,048,690,933 $3,013,025,468 $4,371,301,052 $10,119,720,881
1976 $1,064,517,601 $3,033,459,909 $4,318,372,348 $10,166,761,281
1977 $1,291,458,041 $3,268,995,364 $4,364,382,451 $9,469,249,965
1978 $1,774,365,590 $3,709,414,437 $4,351,600,850 $9,212,924,709
1979 $2,109,277,666 $3,974,526,141 $5,177,459,817 $9,516,678,098
1980 $2,508,524,721 $3,876,950,088 $6,678,868,738 $10,889,048,165
1981 $2,170,893,414 $3,870,062,063 $8,011,374,445 $12,252,947,710
1982 $2,017,612,216 $3,954,215,023 $8,539,701,388 $12,575,726,762
1983 $1,803,099,561 $3,801,438,868 $7,764,067,625 $12,775,090,445
1984 $1,461,243,326 $3,162,043,119 $6,352,126,411 $12,531,423,466
1985 $1,440,581,652 $3,406,093,637 $5,637,259,754 $13,401,654,104
1986 $1,904,096,998 $3,622,453,381 $6,217,524,201 $13,682,958,727
1987 $2,233,006,105 $3,625,651,332 $6,741,215,643 $13,840,413,624
1988 $2,280,356,193 $3,874,775,279 $7,814,784,729 $14,885,693,494
1989 $2,179,567,114 $3,911,858,659 $8,286,323,367 $15,659,714,790
1990 $3,512,356,508 $3,860,672,838 $8,783,817,407 $16,754,102,247
1991 $3,285,796,875 $3,843,705,602 $8,641,482,396 $17,680,902,722
1992 $3,386,232,579 $3,920,608,632 $6,751,472,744 $16,086,868,547
1993 $3,052,673,849 $3,933,219,485 $6,563,813,829 $16,256,015,317
1994 $1,938,058,175 $4,006,172,006 $6,890,675,555 $17,757,290,653
1995 $2,302,537,562 $4,104,613,432 $7,111,271,273 $17,785,351,734
1996 $2,405,686,940 $4,108,739,820 $8,553,147,289 $19,628,038,096
1997 $2,290,318,910 $4,171,499,823 $8,529,572,287 $20,154,186,142
1998 $2,643,363,519 $4,587,507,438 $6,401,968,715 $20,735,677,098
1999 $2,537,789,821 $4,577,434,991 $6,858,013,652 $20,566,096,369
2000 $2,241,753,193 $4,522,117,709 $6,689,958,139 $19,936,940,457
2001 $2,448,714,704 $4,850,791,324 $6,777,385,246 $20,223,955,722
2002 $2,782,192,879 $5,089,376,068 $6,342,116,911 $18,425,232,321
2003 $3,394,084,732 $5,199,846,593 $5,727,592,261 $15,293,850,319
2004 $3,760,443,738 $5,218,763,717 $5,805,598,867 $14,405,654,147
2005 $4,383,315,965 $5,601,396,628 $5,755,215,663 $13,582,935,180
2006 $4,756,361,252 $5,933,618,262 $5,443,896,938 $13,112,762,532
2007 $5,731,485,052 $6,120,095,512 $5,291,950,526 $12,633,710,460
2008 $7,297,600,226 $6,593,265,447 $4,415,703,156 $10,401,466,939
2009 $7,352,131,310 $6,722,664,934 $9,665,815,601 $11,781,957,805
2010 $7,851,192,502 $7,299,346,342 $12,041,602,762 $14,100,106,033
2011 $8,772,950,778 $7,471,447,187 $14,101,801,031 $16,101,463,201
2012 $9,426,912,648 $8,259,606,009 $17,114,762,914 $18,784,841,116
2013 $10,224,897,438 $8,698,614,859 $19,091,004,042 $19,158,562,814
2014 $10,862,943,544 $9,276,388,745 $19,495,547,523 $19,613,959,113
2015 $9,683,867,926 $9,683,867,926 $19,963,058,858 $19,963,058,858
2016 $10,398,861,982 $10,239,808,437 $20,548,759,858 $20,113,938,470
2017 $11,185,104,252 $10,752,347,793 $51,074,726,484 $21,066,215,031
2018 $12,837,307,497 $11,527,744,540 $34,156,057,417 $22,121,615,842
2019 $12,889,555,561 $12,212,475,571 $25,715,657,177 $20,720,775,635
2020 $13,744,653,103 $12,646,096,747 $26,868,564,055 $19,101,046,520
2021 $14,915,002,436 $12,821,067,681 $27,240,507,842 $20,718,530,621
2022 $15,433,852,714 $14,346,774,736 $32,789,657,378 $21,990,477,716
2023 $16,698,786,973 $14,586,026,438 $35,231,369,343 $23,164,059,016
2024 $19,537,639,288 $15,814,402,934 $44,187,704,410 $23,634,169,921

Economic indicators

Niger Zimbabwe
Gross domestic product
$19.5B
2024
$44.2B
2024
GDP rank
132/197
2024
99/197
2024
GDP growth
17%
2023-2024
25.4%
2023-2024
GDP per capita
$723
2024
$2,656
2024
GDP per capita rank
187/197
2024
144/197
2024
GDP per capita, PPP
$2,015
2024
$3,922
2024
Government debt
$9.22B
2024
$41.8B
2024
Debt-to-GDP ratio
43.4%
2025
58.6%
2025
Government debt per person
$341
2024
$2,513
2024
Government debt per person rank
176/185
2024
111/185
2024
Average annual personal income after taxes
$1,379
2025
$2,797
2025
Market capitalization of domestic companies n/a
$2.46B
1999
Number of billionaires n/a
1
2025
Income share by richest 10%
27.8%
2021
40.5%
2019
Income share by poorest 10%
3.8%
2021
1.9%
2019
Government expenditure, % of GDP
13.4%
2025
19.1%
2025
Consumer prices inflation
9.07%
2023-2024
89%
2024-2025
Central bank interest rate n/a
35%
2024
Unemployment rate
0.4%
2022
9.29%
2023
Population
28638403
17210092

GDP per capita in Niger vs Zimbabwe

Niger's GDP per capita is $723, ranking 187/197, compared to $2,656 in Zimbabwe, ranking 144/197. Adjusted for purchasing power (GDP per capita PPP), Niger ranks 186th at $2,015, while Zimbabwe ranks 167th at $3,922.

Niger
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
Year Current $
Niger Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $128.3 - $276.4 -
1961 $134.6 - $279 -
1962 $143.2 - $275.5 -
1963 $153.3 - $277 -
1964 $148.1 - $281.7 -
1965 $166.3 - $294.1 -
1966 $168.6 - $278.6 -
1967 $155.4 - $294.2 -
1968 $145.6 - $302 -
1969 $138.3 - $346 -
1970 $139.8 - $361 -
1971 $145.2 - $405 -
1972 $151.4 - $483 -
1973 $187.9 - $579 -
1974 $198.3 - $674 -
1975 $197.2 - $717 -
1976 $194.8 - $687 -
1977 $229.8 - $677 -
1978 $307 - $665 -
1979 $354 - $779 -
1980 $409 - $949 -
1981 $343 - $1,068 -
1982 $310 - $1,095 -
1983 $268.8 - $959 -
1984 $211.5 - $757 -
1985 $202.4 - $649 -
1986 $259.6 - $692 -
1987 $295.3 - $726 -
1988 $292.6 - $815 -
1989 $271.3 - $840 -
1990 $424 $739 $866 $1,803
1991 $384 $738 $831 $1,917
1992 $384 $746 $631 $1,734
1993 $335 $742 $604 $1,768
1994 $206.2 $748 $634 $1,970
1995 $237 $757 $648 $1,996
1996 $239.5 $746 $767 $2,206
1997 $220.6 $745 $750 $2,261
1998 $246.1 $801 $552 $2,307
1999 $228.3 $783 $582 $2,284
2000 $194.8 $764 $563 $2,243
2001 $205.4 $809 $566 $2,311
2002 $225.3 $832 $525 $2,118
2003 $265.2 $837 $468 $1,771
2004 $283.5 $832 $469 $1,695
2005 $319 $888 $461 $1,633
2006 $333 $935 $431 $1,605
2007 $387 $955 $413 $1,568
2008 $475 $1,010 $341 $1,300
2009 $461 $999 $735 $1,461
2010 $474 $1,058 $902 $1,741
2011 $511 $1,064 $1,037 $1,993
2012 $529 $1,162 $1,239 $2,272
2013 $552 $1,138 $1,362 $2,475
2014 $565 $1,161 $1,372 $2,553
2015 $486 $1,172 $1,386 $2,647
2016 $503 $1,189 $1,407 $2,797
2017 $522 $1,208 $3,448 $7,045
2018 $579 $1,276 $2,272 $2,614
2019 $562 $1,419 $1,684 $3,211
2020 $580 $1,497 $1,730 $3,511
2021 $609 $1,586 $1,724 $3,185
2022 $610 $1,840 $2,041 $3,560
2023 $638 $1,875 $2,156 $3,820
2024 $723 $2,015 $2,656 $3,922

Spending and national debt comparison

In 2024, Niger's government spending was $2.62B, accounting for 13.4% of its GDP, while Zimbabwe's spent $8.24B, or 19.1% of GDP.

Debt-to-GDP ratio is 43.4% in Niger and 58.6% in Zimbabwe, ranking 123/185 and 86/185, respectively.

Niger
Government spending

Government debt
Zimbabwe
Government spending

Government debt
Year % of GDP
Niger Zimbabwe
Government spending Government debt Government spending Government debt
1995 12.5% 69.4% - -
1996 10.9% 63.5% - -
1997 12.9% 69.1% - -
1998 13.6% 61.3% - -
1999 15% 63.3% - -
2000 13.5% 82.1% - -
2001 13.7% 74% - -
2002 14.4% 69% - -
2003 14% 60.6% - -
2004 16.1% 55% - -
2005 15.6% 49.5% 15.5% 33.1%
2006 15.2% 18.3% 8.46% 39.4%
2007 17.4% 17.8% 5.06% 44.7%
2008 16.9% 14.2% 3.75% 61.1%
2009 17.7% 15.9% 11.7% 58.7%
2010 14.3% 15.1% 18.4% 47.6%
2011 15.3% 14.7% 23.2% 42.9%
2012 16.6% 18.1% 20.6% 38.4%
2013 20.4% 19.6% 20.6% 37%
2014 23.6% 22.1% 20.4% 42.3%
2015 24.2% 29.9% 20.8% 48%
2016 19.4% 32.8% 23.6% 49.9%
2017 19.5% 36.5% 27.9% 68.9%
2018 21.2% 37% 20.3% 48.1%
2019 21.6% 39.8% 14.3% 82.3%
2020 22.4% 45% 13.8% 84.5%
2021 24.3% 51.3% 18.6% 58.2%
2022 21.6% 50.6% 21.5% 99.5%
2023 15.8% 51.9% 20% 96.6%
2024 13.4% 47.2% 18.6% 94.6%
2025 13.4% 43.4% 19.1% 58.6%

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 Zimbabwe's deficit of -$910M, or -2.06% of GDP.

Over the past 20 years, Niger recorded a fiscal deficit in 18 of those years, while Zimbabwe ran a deficit in 20 years. On average, Niger posted an annual deficit equal to -1.77% of GDP, compared to deficit of -3.07% of GDP for Zimbabwe.

Deficit/surplus
Niger

Zimbabwe
Year Deficit/surplus, % of GDP
Niger Zimbabwe
1995 -3.19% -
1996 -0.36% -
1997 -2.39% -
1998 -2.23% -
1999 -4.27% -
2000 -2.83% -
2001 -2.59% -
2002 -2.21% -
2003 -2.17% -
2004 -2.76% -
2005 -1.53% -5.12%
2006 31% -2.07%
2007 -0.75% -2.47%
2008 1.11% -1.77%
2009 -3.93% -2.06%
2010 -0.99% -0.15%
2011 -2.19% -2.45%
2012 -0.83% -0.18%
2013 -1.93% -0.97%
2014 -6.12% -1.02%
2015 -6.75% -2.04%
2016 -4.46% -6.59%
2017 -4.12% -10.4%
2018 -3.01% -5.57%
2019 -3.56% -2.64%
2020 -4.82% -0.49%
2021 -6.1% -3.22%
2022 -6.77% -4.88%
2023 -5.37% -5.32%
2024 -4.27% -2.06%
2025 -3.02% -0.5%

Inflation comparison by year

Over the past 29 years, Niger has recorded an average annual inflation rate of 2.49%, compared with 90.4% in Zimbabwe. In 2024, inflation was 9.07% in Niger and 89% in Zimbabwe.

Inflation
Niger

Zimbabwe
Year Inflation
Niger Zimbabwe Niger Zimbabwe
1996 5.29% 6%
1997 2.93% -1%
1998 4.55% -28%
1999 -2.3% -13.4%
2000 2.9% 4.5%
2001 4.01% -37.2%
2002 2.63% -34.4%
2003 -1.61% -8.6%
2004 0.26% 113.6%
2005 7.8% -31.5%
2006 0.04% 33%
2007 0.05% -72.7%
2008 11.3% 157%
2009 0.58% 6.2%
2010 0.8% 3%
2011 2.94% 3.5%
2012 0.46% 3.7%
2013 2.3% 1.6%
2014 -0.93% -0.2%
2015 -0.58% -2.4%
2016 1.65% -1.6%
2017 2.8% 0.9%
2018 2.97% 10.6%
2019 -2.49% 255.3%
2020 2.9% 557%
2021 3.84% 98.5%
2022 4.23% 193.4%
2023 3.7% 667%
2024 9.07% 736%
2025 - 89%

Balance of trade

Niger Zimbabwe
Current account balance
-$2.33B
2023
$134M
2023
Current account balance ranking
145/189
2023
64/189
2023
Current account balance, % of GDP
-14%
2023
+0.38%
2023
Goods imports
$2.59B
2023
$8.66B
2023
Goods exports
$992M
2023
$7.2B
2023
Service imports
$1.22B
2023
$1.64B
2023
Service exports
$231M
2023
$399M
2023
Imports of goods and services, % of GDP
20.8%
2024
30.6%
2024
Exports of goods and services, % of GDP
31.2%
2024
22.1%
2024

Economic freedom indices

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

Niger Zimbabwe
Economic freedom 51.5 35.1
Economic freedom ranking 151/197 191/197
Property rights 29.6 20.7
Government integrity 31.8 20.7
Judicial effectiveness 37.1 15.8
Tax burden 77.9 73.6
Government spending 87.3 87.6
Fiscal health 34.4 44.4
Business freedom 33.8 39.3
Labor freedom 54 33.2
Monetary freedom 72.6 0
Trade freedom 64 50.4
Investment freedom 55 25
Financial freedom 40 10

Economic freedom by year comparison

The Economic Freedom Index for Niger is 51.5, ranking 151/197, compared to 35.1 for Zimbabwe, ranking 191/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Niger
Zimbabwe
Year Economic freedom index
Niger Zimbabwe
1995 - 48.5
1996 45.8 46.7
1997 46.6 48
1998 47.5 44.6
1999 48.6 47.2
2000 45.9 48.7
2001 48.9 38.8
2002 48.2 36.7
2003 54.2 36.7
2004 54.6 34.4
2005 54.1 35.2
2006 52.5 33.5
2007 53.2 32
2008 52.9 29.5
2009 53.8 22.7
2010 52.9 21.4
2011 54.3 22.1
2012 54.3 26.3
2013 53.9 28.6
2014 55.1 35.5
2015 54.6 37.6
2016 54.3 38.2
2017 50.8 44
2018 49.5 44
2019 51.6 40.4
2020 54.7 43.1
2021 57.3 39.5
2022 54.9 33.1
2023 53.7 39
2024 52.3 38.2
2025 51.5 35.1

More economic indicators

Niger Zimbabwe
Services, % of GDP
45.4%
2024
55.8%
2024
Industry, % of GDP
17.8%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
33.8%
2024
5.44%
2024
GNI, Atlas method
$17.9B
2024
$37.6B
2024
GNI per capita, PPP
$1,990
2024
$3,880
2024
Total reserves including gold n/a
$485M
2024
Total reserves ranking n/a
157/177
2024
Net foreign direct investment
-$1.02B
2023
-$558M
2023
Net inflows of foreign direct investment
$526M
2024
$597M
2024
Net outflows of foreign direct investment
$12.2M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
1.16%
2023
3.34%
2023
Poverty at national poverty lines
41.2%
2021
38.3%
2019
Gross capital formation, % of GDP
18.7%
2024
4.47%
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.