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Why Niger Post Coup Economy is Now the Fastest Growing in Africa

#niger #economy #economics Why Niger Post Coup Economy is Now the Fastest Growing in Africa - Between 2023 and 2028, it is anticipated that Niger's gross domestic product (GDP) will consistently rise, totaling an increase of 9.7 billion U.S. dollars (+56.82 percent). After thirteen successive years of growth, the GDP is projected to hit a new peak of 26.78 billion U.S. dollars in 2028. According to the latest data from IMF, Niger is the fastest growing economy, with a forecasted GDP growth rate of 11.1% in 2024. However, with current sanctions from ECOWAS and other Western nations might lead to a significant impact on a country's GDP, though their effects on Niger's economy would likely depend on various factors, including the nature, scope, and duration of the sanctions, as well as Niger's ability to adapt and respond to them. The Junta government has already cut out its planned spending for 2023 by 40% due to sanctions. As Niger continues with it projected growthy, the world will watch keenly on what happens to the Africa fastest growing economy of 2024. Don't forget to subscribe to Data Pride for more informative videos. ✅Subscribe: https://bit.ly/3CkvjPF DISCLAIMER: This informative video is based on public data, surveys, public comments & discussions and approximate estimations that might be subjected to some degree of error. Numbers and facts listed may not be up to date. All videos featured on Data Pride channel are for educational and informational purposes. If you have a good idea for a video, leave us a comment or you contact us at [email protected]! Thanks for watching and subscribing to our channel. Several segments are licensed under creative commons - https://creativecommons.org/licenses/... comparison video, top 10, in the world, in this video, What if, vs, military power, history, why, country, @datapride ​