
Nicaragua Economic Outlook
April 12, 2022
Q4’s growth remained solid and broadly stable from Q3, in light of a boom in government spending, healthy growth in household spending, and the strong performance of the mining and construction sectors. In contrast, investment momentum slowed sharply. Available data from 2022 points to moderating growth: The expansion in economic activity in January dropped below Q4’s average, as transport and fishing output declined. Inflation also rose, which could have dampened private spending in January–March. Still, households probably got a boost from surging remittances in January–February. Looking to Q2, a recently announced temporary fuel price freeze could offer some relief going forward, but will likely be insufficient to offset higher international commodity prices.Nicaragua Economic Growth
In 2022, growth should simmer down due to a fading base effect and small contractions in public spending and private investment. Still, potential investment from the Belt and Road Initiative and deeper trade ties with China may boost activity. Political tensions, repercussions from Russian sanctions and international backlash over 2021’s elections cloud the outlook. FocusEconomics panelists see GDP expanding 2.6% in 2022, which is down 0.3 percentage points from last month’s forecast, and 2.4% in 2023.Nicaragua Economy Data
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Nicaragua Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 33.47 | 2.11 % | Jan 01 |
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