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The real growth rate of the economy came out at 5.9% in 2019

14/12/2020
Source : AllAfrica
Categories: Economy/Forex

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The real growth rate of the Nigerien economy came out at 5.9% in 2019 after 7.1% a year earlier. According to Bceao, the situation of countries' public finances, at the end of December 2019, resulted in a budget deficit including grants of 3.6% of GDP, after 3.0% in 2018

In Niger, the economic situation was marked in 2019 by the implementation of the Economic and Social Development Plan (Pdes 2017-2021) and that of the Economic and Financial Program (2017-2020) with the IMF, the holding of the African Union summit, the closure of Nigeria's borders and the management of the security context.

Thus, the  Central Bank of West African States (Bceao) notes that the real growth rate of the economy came out at 5.9% in 2019 after 7.1% a year earlier. According to him, the public finance situation at the end of December 2019 resulted in a budget deficit including 3.6% of GDP, after 3.0% in 2018, due to the closure of the borders with Nigeria and the unfavorable economic situation in the mining and oil sectors.

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