Nicaragua

Nicaragua Economic Outlook

October 14, 2014

In the second quarter, the economy grew 3.2% in annual terms, which marked a notable slowdown from the 5.4% expansion recorded in Q1. Q2’s deceleration was driven by lower growth of consumption and exports, as well as by declining investment. On the production side, transport, post and communications, and trade made the greatest contributions to the expansion, while notable declines were recorded in the production of basic grains, petroleum products and construction. Despite a deceleration, remittances growth remained solid in August.

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 %Oct 30

Nicaragua Economic Growth

October 14, 2014

FocusEconomics panelists expect the economy to grow 4.3% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, the panel expects economic growth of 4.5%.

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Nicaragua Economic News

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