This article provides a comprehensive comparison between Niger and Tanzania, focusing on various economic indicators and the cost of living in both countries.
Economic Indicators
GDP per capita: Niger's GDP per capita is $723, ranking 187 out of 197 countries. In comparison, Tanzania's GDP per capita is $1,149, ranking 170 out of 197.
Government Deficit: In 2024, Niger's government deficit was -$834 million, equivalent to -4.27% of its GDP. Both Niger and Tanzania have a history of fiscal deficits. Over the past 30 years, Niger recorded a fiscal deficit in 28 of those years, while Tanzania ran a deficit in 28 years.
Inflation Rate: Over the past 29 years, Niger has recorded an average annual inflation rate of 2.49%, compared with 7.45% in Tanzania.
Economic Freedom Index: The Economic Freedom Index for Niger is 51.5, ranking 151 out of 197 countries. Tanzania has a higher index of 59.3, ranking 102 out of 197.
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Understanding Key Economic Terms
- Current Account Balance: 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.
- Gross National Income (GNI): Measures a country's total income, encompassing 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.
- Foreign Direct Investment (FDI):
- Net Inflows: Indicates 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.
- 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.
- Gross Capital Formation: Formerly gross domestic investment, it measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure.
Cost of Living Comparison
The following table compares the cost of various goods and services in Niger and Tanzania. The prices are calculated as a population-weighted mean of 3 cities in Niger and 10 cities in Tanzania. Note that costs can vary significantly between cities, so it's advisable to check specific city pages for more accurate information.
SOUTH AFRICA VS. TANZANIA COST OF LIVING
Prices in Niger vs Tanzania
| Item | Niger | Tanzania |
|---|---|---|
| Eating Out | ||
| Lunch Menu | $6.38 | $3.32 |
| Dinner in a Restaurant, for 2 | $36.3 | $19.9 |
| Fast food meal, equiv. McDonald's | $9.34 | $8.75 |
| Beer in a Pub, 0.5 L or 16 fl oz | $1.47 | $1.1 |
| Cappuccino | $3.01 | $2.05 |
| Pepsi / Coke, 0.5 L or 16.9 fl oz | $1.49 | $0.5 |
| Rent & Utilities | ||
| 1 bedroom apartment in Downtown, 40 m2 or 430 ft2 | $812 | $372 |
| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | $426 | $191 |
| 3 bedroom apartment in Downtown, 80 m2 or 860 ft2 | $804 | $866 |
| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | $432 | $439 |
| Utility Bill one person, electricity, heating, water, etc. | $145 | $50 |
| Utility Bill for a Family, electricity, heating, water, etc. | $226 | $76.7 |
| Internet plan, 50 Mbps+ 1 month unlimited | $70.1 | $38.3 |
| Mortgage Interest Rate for 20 Years | 9.61% | 17.54% |
| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | $1716 | $1321 |
| House price to Buy in Suburbs, 1 m2 or 10 ft2 | $984 | $3950 |
| Transportation | ||
| Local transport ticket | $0.35 | $0.3 |
| Monthly ticket local transport | $12.8 | $15.7 |
| Taxi Ride, 8 km or 5 mi | $3.36 | $13.9 |
| Gas / Petrol, 1 L or 0.26 gal | $0.99 | $1.2 |
| Groceries | ||
| Milk, 1 L or 1 qt | $2.55 | $1.15 |
| Bread, 0.5 kg or 1.1 lb | $0.6 | $0.84 |
| Rice, 1 kg or 2.2 lb | $1.1 | $1.08 |
| Eggs, x12 | $2.68 | $2.22 |
| Cheese, 1 kg or 2.2 lb | $14 | $9.83 |
| Chicken Breast, 1 kg or 2.2 lb | $7.14 | $5.54 |
| Round Steak, 1 kg or 2.2 lb | $7.9 | $4.5 |
| Apples, 1 kg or 2.2 lb | $3.74 | $2.42 |
| Banana, 1 kg or 2.2 lb | $1.47 | $0.93 |
| Oranges, 1 kg or 2.2 lb | $2.94 | $1.06 |
| Tomato, 1 kg or 2.2 lb | $1.87 | $0.89 |
| Potato, 1 kg or 2.2 lb | $1.41 | $0.94 |
| Onion, 1 kg or 2.2 lb | $0.71 | $1.37 |
| Water, 1 L or 1 qt | $0.71 | $0.33 |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | $2.93 | $1.21 |
| Wine (mid-priced), 750 mL bottle | $11.3 | $7.06 |
| Beer, 0.5 L or 16 fl oz | $1.36 | $1 |
| Cigarette pack | $2.39 | $1.97 |
| Other | ||
| Cold medicine, 1 week | $3.26 | $4.25 |
| Hair Shampoo | $3.94 | $3.63 |
| Toilet paper, 4 rolls | $2.34 | $1.46 |
| Toothpaste, 1 tube | $3.06 | $1.2 |
| Gym Membership, 1 month | $55.2 | $66.7 |
| Cinema Ticket, 1 person | $5.06 | $5.94 |
| Doctor's visit | $17.9 | $18.8 |
| Haircut, simple | $7.81 | $4.7 |
| Brand Jeans | $52.1 | $19.8 |
| Brand Sneakers | $52.8 | $38.8 |
| Daycare or Preschool, 1 month | $1051 | $406 |
| International Primary School, 1 year | $5434 | $14608 |
Cost of living in other countries
Cities Comparison in Niger vs Tanzania
More countries to compare Niger vs Tanzania vs Cost of Living in Popular cities In Niger In Tanzania
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