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) | 5.9 | 5.9 | 6.0 | 6.1 | 6.1 |
| GDP per capita (USD) | 1,436 | 1,503 | 1,651 | 1,746 | 1,839 |
| GDP (USD bn) | 8.4 | 8.9 | 9.9 | 10.6 | 11.3 |
| Economic Growth (GDP, annual variation in %) | -2.8 | 3.3 | 5.7 | 5.0 | 4.6 |
| Consumption (annual variation in %) | 1.2 | 4.5 | 4.9 | 4.6 | 3.8 |
| Investment (annual variation in %) | -29.1 | -6.6 | 21.6 | 5.5 | -8.3 |
| Unemployment Rate | 8.2 | 7.8 | 5.9 | 5.9 | 5.9 |
| Fiscal Balance (% of GDP) | -3.2 | -1.7 | -0.6 | 0.0 | 0.1 |
| Money (annual variation in %) | 10.4 | 24.7 | 9.4 | 17.1 | 19.6 |
| Inflation Rate (CPI, annual variation in %, eop) | 0.9 | 9.2 | 8.0 | 6.6 | 5.7 |
| Inflation Rate (CPI, annual variation in %) | 3.7 | 5.5 | 8.1 | 7.2 | 7.1 |
| Benchmark Interest Rate (%) | 14.05 | 13.32 | 10.79 | 12.00 | 14.99 |
| 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.
Nicaragua Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 26.14 | -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
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