Nicaragua

Nicaragua Economic Outlook

November 11, 2014

The economy decelerated significantly from the 5.4% expansion recorded in the first quarter to 3.2% growth in the second. Q2’s slowdown was largely driven by shrinking investment and, to a lesser extent, by falling net exports as well as a moderation in consumption. Low rainfall triggered a notable decline in agricultural output, and a marked drop in construction also added to Q2’s weak performance.

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 Rate26.250.0 %Nov 17

Nicaragua Economic Growth

November 11, 2014

Falling investment and less favorable international conditions weakened Nicaragua’s economic outlook slightly. FocusEconomics panelists expect the economy to grow 4.3% in 2014. For 2015, the panel also expects economic growth of 4.3%, which is down 0.2 percentage points from last month’s Consensus.

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