Nicaragua

Nicaragua Economic Outlook

December 9, 2014

The Nicaraguan economy decelerated notably from the buoyant expansion tallied in the first quarter to milder growth in the second. Falling investment, declining net exports and lower consumption growth were behind Q2’s slowdown. A drought prompted agricultural output to contract and a notable decline in construction exacerbated Q2’s weak performance. More recent data point to a recovery in the third quarter; the monthly economic activity indicator accelerated in September and recent developments also suggest that investment and the construction sector have picked back up.

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

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Nicaragua Facts

Value Change Date
Exchange Rate26.18-0.80 %Dec 04

Nicaragua Economic Growth

December 9, 2014

Nicaragua’s economic outlook is promising. FocusEconomics panelists expect the economy to grow 4.3% in 2014. For 2015, the panel expects economic growth of 4.4%, which is up 0.1 percentage points from last month’s estimate.

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