Nicaragua Economic Forecast

Nicaragua Economic Outlook

March 17, 2015

Nicaragua’s economy is expected to have expanded at a slower pace in 2014 than in 2013. Growth was held back in Q2 by drought and contracting construction activity, but the economy improved slightly in Q3 as a result of increases in consumption and exports. Meanwhile, an IMF official who recently concluded his visit to Nicaragua stated that the country has achieved a good amount of progress, having improved its macroeconomic stability and recording substantial economic expansions in recent years. However, the IMF official also pointed out that reforming the electricity sector, improving education and increasing agricultural yields are crucial to supporting growth in the medium term.

Nicaragua Economic Data

2009 2010 2011 2012 2013
Population (million)5.95.96.06.16.1
GDP per capita (USD)1,4361,5031,6511,7461,839
GDP (USD bn)8.48.99.910.611.3
Economic Growth (GDP, annual variation in %)-2.83.35.75.04.6
Consumption (annual variation in %)1.24.54.94.63.8
Investment (annual variation in %)-29.1-6.621.65.5-8.3
Unemployment Rate8.27.85.95.95.9
Fiscal Balance (% of GDP)-3.2-1.7-0.60.00.1
Money (annual variation in %)10.424.79.417.119.6
Inflation Rate (CPI, annual variation in %, eop)0.99.28.06.65.7
Inflation Rate (CPI, annual variation in %)3.75.58.17.27.1
Benchmark Interest Rate (%)14.0513.3210.7912.0014.98
Exchange Rate (vs USD)20.8421.8822.9723.8525.11
Exchange Rate (vs USD, aop)20.2221.3622.4323.5324.47
Current Account (% of GDP)-9.5-10.1-13.1-12.3-11.5
Current Account Balance (USD bn)-0.8-0.9-1.3-1.3-1.3
Trade Balance (USD billion)-2.1-2.3-2.9-3.2-2.8
Exports (USD billion)1.41.92.32.72.4
Imports (USD billion)3.54.25.25.95.6
Exports (annual variation in %)-6.735.721.117.4-11.1
Imports (annual variation in %)-18.620.023.813.5-5.1
International Reserves (USD)1.61.81.91.92.0
External Debt (% of GDP)46.446.143.442.541.6

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5 years of Nicaragua economic forecasts for more than 30 economic indicators.

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Nicaragua Facts

Value Change Date
Exchange Rate26.250.0 %Mar 26

Nicaragua Economic Growth

March 17, 2015

Nicaragua’s growth prospects remain fairly stable. FocusEconomics Consensus Forecast panelists expect the economy to grow a healthy 4.3% in both 2015 and 2016.

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