The 50% devaluation of the West African CFA franc in January 1994 boosted exports of livestock, cowpeas, onions, and the products of Niger's small cotton industry.
Drought cycles, desertification, a 3.4% population growth rate and the drop in world demand for uranium have undercut an already marginal economy.
[2] Traditional subsistence farming, herding, small trading, and informal markets dominate an economy that generates few formal sector jobs.
Between 1988 and 1995 28% to 30% of the total economy of Niger was in the unregulated Informal sector, including small and even large scale rural and urban production, transport and services.
[3] Current GDP per capita is very low by world standards, in part explained through the involvement of a majority of the population in very small-scale agriculture, which generates little monetary exchange.
Northern areas which support crops, such as the southern portions of the Aïr Massif and the Kaouar oasis rely upon oases and a slight increase in rainfall due to mountain effects.
[2] Fourteen percent of Niger's GDP is generated by livestock production (camels, goats, sheep and cattle), said to support 29% of the population.
The long-term effect of this, especially to pastoralist populations remains in the 21st century, with those communities which rely upon cattle, sheep, and camels husbandry losing entire herds more than once during this period.
[8] Groundnuts, and to a lesser degree Cotton, introduced by former colonial power France in the 1930s and 1950s respectively, account for most of the world market for Nigerien industrial agriculture.