Nicaragua

Nicaragua Economic Outlook

January 20, 2015

The Nicaraguan economy picked up in the third quarter and grew 3.4% in annual terms, marking an improvement over Q2’s 3.1% growth. Rising consumption and exports were mainly behind the acceleration. In December, the government began construction on the inter-oceanic Nicaragua Canal, which is expected to cost USD 50 billion and to take five years to complete. While Nicaraguan officials expect the mega-project to boost economic growth and employment, many questions remain regarding the feasibility of the project and the potential economic and environmental impacts.

Nicaragua Economic Data

2009 2010 2011 2012 2013
Population (million)5.95.96.06.16.1
GDP per capita (USD)1,4361,5031,6511,7461,839
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 %)-29.1-6.621.65.5-8.3
Unemployment Rate8.27.85.95.95.9
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)-  -  -  -  -  
Exchange Rate (vs USD, aop)-  -  -  -  -  
Current Account (% of GDP)-  -  -  -  -  
Current Account Balance (USD bn)-  -  -  -  -  
Trade Balance (USD billion)-  -  -  -  -  
Exports (USD billion)-  -  -  -  -  
Imports (USD billion)-  -  -  -  -  
Exports (annual variation in %)-  -  -  -  -  
Imports (annual variation in %)-  -  -  -  -  
International Reserves (USD)-  -  -  -  -  
External Debt (% of GDP)-  -  -  -  -  

Sample Report

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

Download

Nicaragua Facts

Value Change Date
Exchange Rate26.14-0.04 %Jan 29

Nicaragua Economic Growth

January 20, 2015

Nicaragua’s economic outlook remains fairly stable. FocusEconomics Consensus Forecast panelists expect the economy to grow 4.4% in 2015. For 2016, the panel also foresees economic growth of 4.4%.

Sample Report

See all the data and analysis available in each of our Regional and Country reports.

Download

Nicaragua Economic News

Search form