GDP in Nicaragua
Nicaragua - GDPNicaragua’s economy motored ahead last year and grew 4.7%, according to recently released Central Bank data. The economy was propelled by buoyant domestic demand, with rising real wages and employment stoking private consumption, and a surge in public infrastructure investment. 2016 also saw a solid showing from the agricultural sector thanks to supportive climatic conditions, and booming tourism revenues, a testament to the positive security situation in the country. Momentum has shown no signs of letting up so far this year, as demonstrated by January’s lively economic activity indicator. One cloud in an otherwise clear sky is the hefty current account deficit, currently covered through foreign loans and investment, but which could become a problem if global financing conditions tighten.
Nicaragua - GDP Data
|Economic Growth (GDP, annual variation in %)||6.2||5.6||4.5||4.6||4.9|
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua GDP Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
|Exchange Rate||29.42||0.75 %||May 10|
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