Nicaragua Economic Forecast

Nicaragua Economic Outlook

April 21, 2015

Nicaragua’s economy grew a respectable 4.7% last year, helped by a turnaround in exports and solid consumption, which more than compensated for deteriorating investment. The sectors that made the greatest contribution to the expansion were commerce, hotels and restaurants, mining, and transport and communication. While the economy performed better in 2014 than in 2013, economic growth did cool down steadily throughout the course of 2014. More recent indicators suggest that the economy remains on solid footing at the outset of this year and economic activity picked up slightly in February.

Nicaragua Economic Data

2009 2010 2011 2012 2013
Population (million)5.95.96.06.16.1
GDP per capita (USD)1,4361,4691,6341,7301,774
GDP (USD bn)8.48.79.810.510.9
Economic Growth (GDP, annual variation in %)-2.83.26.25.14.5
Consumption (annual variation in %)1.23.52.64.03.8
Investment (annual variation in %)-29.116.529.2-2.01.8
Unemployment Rate8.27.85.95.95.9
Fiscal Balance (% of GDP)-3.2-1.8-0.70.00.1
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 (%)14.0513.3210.7912.0014.98
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)-8.3-9.2-12.2-10.5-11.0
Current Account Balance (USD bn)-0.7-0.8-1.2-1.1-1.2
Trade Balance (USD billion)-2.1-2.3-2.9-3.2-3.2
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)1.61.81.91.92.0
External Debt (% of GDP)46.447.143.942.943.1

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Nicaragua Facts

Value Change Date
Exchange Rate26.390.53 %Apr 23

Nicaragua Economic Growth

April 21, 2015

Nicaragua’s economic prospects improved slightly on expectations that solid consumption and a recovery in investment will sustain growth. FocusEconomics Consensus Forecast panelists see GDP expanding 4.4% in 2015 and 4.3% in 2016.

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