Nicaragua

Nicaragua Economic Outlook

September 16, 2014

The monthly indicator of economic activity (IMAE) rose 4.2% in July, which marked a deterioration over the 4.8% rise recorded in June. According to the Central Bank, July’s expansion was mainly driven by growth in manufacturing, fishing and construction. Meanwhile, as the country is experiencing one of the worst droughts in decades, the government has raised concerns over growth prospects and food costs. While the government has already proposed spending cuts to make up for an expected fall in revenues, it is preparing a backup plan that could involve asking the IMF, the World Bank or the Inter-American Development Bank for financial assistance.

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 Rate25.75-0.62 %Sep 30

Nicaragua Economic Growth

September 16, 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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