Nicaragua Economic Outlook
October 11, 2016After the deceleration in the first quarter, the Nicaraguan economy now looks in better shape. The monthly economic activity indicator grew more than 5.0% annually in all three months of Q2, suggesting that the economy was shifting into a higher gear. The main driver of the likely economic acceleration was the agricultural sector, which expanded at double-digit rates in both May and June. Despite the enviable economic performance, the political outlook of the country is clouded by the ghosts of its past: after a constitutional reform which allows himself to run for a third consecutive time for the presidential elections, President Daniel Ortega nominated his wife, Rosario Murillo, as the running vice-president—a choice that drew biting criticism from the opposition.
Nicaragua Economy Data
5 years of Nicaragua economic forecasts for more than 30 economic indicators.
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|Exchange Rate||28.63||0.0 %||Oct 25|
Nicaragua Economic Growth
October 11, 2016The expected political turmoil will likely weigh on the country’s economic performance. However, the economy is on a solid footing for the time being, based on strong levels of foreign investment and healthy domestic demand. FocusEconomics panelists expect that GDP will grow 4.4% in 2016, which is up 0.1 percentage points from last month's forecast. In 2017, the panel sees economic growth remaining steady at 4.4%.