Consumption in Nicaragua
Nicaragua - ConsumptionGDP rocketed at the fastest year-on-year pace since our records began in the second quarter, gaining considerable steam from the prior quarter’s result (Q2: +16.7% yoy; Q1: +3.8% yoy). Although Q2’s reading was flattered by a low base effect, it pointed to strong momentum nonetheless: Capital and private spending growth accelerated in annual terms compared to Q1, signaling robust domestic activity. That said, government consumption grew at a more modest pace. Meanwhile, exports rebounded markedly, likely as a result of increased activity in the tourism sector, while imports surged at a record pace. Turning to this quarter, remittance inflows remained robust in July, which should be supporting consumer spending. Lastly, tensions have continued to build up ahead of November’s general elections, with further arrests of prominent opposition figures made in recent weeks.
Nicaragua - Consumption Data
|Consumption (annual variation in %)||5.4||6.0||2.6||-3.9||-2.2|
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua Consumption Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
|Exchange Rate||33.47||2.11 %||Jan 01|
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