Economy of Niger - Economic Growth

Economic Growth

After the economic competitiveness created by the January 1994 CFA franc devaluation contributed to an annual average economic growth of 3.5% throughout the mid-1990s, the economy stagnated due the sharp reduction in foreign aid in 1999, which gradually resumed in 2000, and poor rains in 2000. Reflecting the importance of the agricultural sector, the return of good rains was the primary factor underlying a projected growth of 4.5% for 2001.