Consumption in Nicaragua

Nicaragua Consumption | Economic News & Forecasts

Nicaragua - Consumption

The economy contracted 7.9% in Q2 according to recent data, despite the lack of a domestic lockdown. Exports plunged on lockdowns abroad and the collapse in international travel, while private consumption and fixed investment also fell sharply amid uncertainty generated by the pandemic. However, government consumption growth was solid. Turning to the third quarter, momentum appeared to recover somewhat, with the annual decline in economic activity much softer in July and August amid stronger showings from the manufacturing and mining subsectors. Moreover, remittances surged in the quarter, likely propping up private consumption. That said, the hotels and restaurants subsector remained extremely downbeat, likely as foreign visitors stayed away.

Nicaragua - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)5.4  6.0  2.6  -3.9  -2.2  

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Nicaragua Consumption Chart


Nicaragua Consumption
Note: Annual variation of total consumption in %.
Source: Nicaragua Central Bank and FocusEconomics calculations.

Nicaragua Facts

Value Change Date
Exchange Rate33.472.11 %Jan 01

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