Nicaragua

Nicaragua Economic Outlook

August 12, 2014

The monthly indicator of economic activity (IMAE) posted 3.0% growth in May, which was slightly down from April’s 3.4% expansion. According to the Central Bank, this deceleration reflects a high statistical base effect and not a general slowdown of economic activity. May’s expansion was mainly driven by growth in trade and services, agriculture, livestock, forestry, fishing and mining, as well as manufacturing. Meanwhile, the country is experiencing a severe drought and there are concerns that this could negatively affect agricultural production and GDP growth.

Nicaragua Economic Data

2009 2010 2011 2012 2013
Population (million)5.85.96.06.16.1
GDP per capita (USD)1,4611,5031,6511,7491,844
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 %)-29.1-6.721.65.5-8.3
Unemployment Rate8.27.85.95.96.2
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 (%)14.0513.3210.7912.0014.99
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)1.61.81.91.91.8
External Debt (% of GDP)44.143.841.440.639.8

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Nicaragua Facts

Value Change Date
Exchange Rate25.89-1.12 %Sep 11

Nicaragua Economic Growth

August 12, 2014

FocusEconomics panelists expect the economy to grow 4.4% in 2014, which is unchanged from last month’s forecast. For 2015, the panel expects economic growth of 4.5%.

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