Nicaragua Economic Outlook
December 7, 2017The economy remains in good shape. Despite slowing from August, growth in economic activity was robust in September thanks to expansions in the fishing and agriculture sectors. In addition, real wage growth was solid in the year through September, and the tourism sector had an encouraging Q3, with visitors’ average length of stay rising by 15.3% year-on-year. The expansionary 2018 budget—presented to parliament in October—aims to shore up growth and has a marked focus on social spending, especially for health and education. The government is banking on improved revenue collection to finance it. On the political front, on 5 November, municipal elections resulted in a resounding victory for Daniel Ortega’s Sandinista National Liberation Front.
Nicaragua Economic GrowthGrowth should remain strong next year thanks to healthy investment and private consumption growth. Risks are mainly tilted to the downside due to financial difficulties at the Social Security Institute, reduced financing from Venezuela and the possible passage of the NICA Act in the United States. Analysts expect GDP to grow 4.4% in 2018, up 0.1 percentage points from last month’s forecast, and 4.4% again in 2019.
Nicaragua Economy Data
5 years of Nicaragua economic forecasts for more than 30 economic indicators.
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|Exchange Rate||30.66||2.11 %||Dec 06|
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