Niger GDP Per Capita NERGDPPC Economic
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What is Niger GDP Per Capita?
Niger GDP Per Capita (NERGDPPC) represents the total economic output of Niger divided by its population. This metric is a crucial measure of a nation's average economic prosperity and living standards. Economists and policymakers utilize it to gauge the effectiveness of economic policies, compare Niger's development against other countries, and identify trends in income distribution. Calculation involves dividing the Gross Domestic Product (GDP), the sum of all goods and services produced within Niger, by the total population. An increasing GDP Per Capita generally signifies economic growth, improved productivity, and potentially rising living standards. Conversely, a declining figure can signal economic contraction, reduced productivity, or population growth outpacing economic expansion, potentially indicating economic hardship or stagnation. It's a key indicator for understanding the well-being of the average citizen.
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