Nicaragua Economic Outlook
January 20, 2015The Nicaraguan economy picked up in the third quarter and grew 3.4% in annual terms, marking an improvement over Q2’s 3.1% growth. Rising consumption and exports were mainly behind the acceleration. In December, the government began construction on the inter-oceanic Nicaragua Canal, which is expected to cost USD 50 billion and to take five years to complete. While Nicaraguan officials expect the mega-project to boost economic growth and employment, many questions remain regarding the feasibility of the project and the potential economic and environmental impacts.
Nicaragua Economic Data
|GDP per capita (USD)||1,436||1,503||1,651||1,746||1,839|
|GDP (USD bn)||8.4||8.9||9.9||10.6||11.3|
|Economic Growth (GDP, annual variation in %)||-2.8||3.3||5.7||5.0||4.6|
|Consumption (annual variation in %)||1.2||4.5||4.9||4.6||3.8|
|Investment (annual variation in %)||-29.1||-6.6||21.6||5.5||-8.3|
|Fiscal Balance (% of GDP)||-3.2||-1.7||-0.6||0.0||0.1|
|Money (annual variation in %)||10.4||24.7||9.4||17.1||19.6|
|Inflation Rate (CPI, annual variation in %, eop)||0.9||9.2||8.0||6.6||5.7|
|Inflation Rate (CPI, annual variation in %)||3.7||5.5||8.1||7.2||7.1|
|Benchmark Interest Rate (%)||14.05||13.32||10.79||12.00||14.99|
|Exchange Rate (vs USD)||-||-||-||-||-|
|Exchange Rate (vs USD, aop)||-||-||-||-||-|
|Current Account (% of GDP)||-||-||-||-||-|
|Current Account Balance (USD bn)||-||-||-||-||-|
|Trade Balance (USD billion)||-||-||-||-||-|
|Exports (USD billion)||-||-||-||-||-|
|Imports (USD billion)||-||-||-||-||-|
|Exports (annual variation in %)||-||-||-||-||-|
|Imports (annual variation in %)||-||-||-||-||-|
|International Reserves (USD)||-||-||-||-||-|
|External Debt (% of GDP)||-||-||-||-||-|
5 years of Nicaragua economic forecasts for more than 30 economic indicators.
|Exchange Rate||26.14||-0.04 %||Jan 29|
Nicaragua Economic Growth
January 20, 2015Nicaragua’s economic outlook remains fairly stable. FocusEconomics Consensus Forecast panelists expect the economy to grow 4.4% in 2015. For 2016, the panel also foresees economic growth of 4.4%.
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