Consumption in Nicaragua

Nicaragua Consumption | Economic News & Forecasts

Nicaragua - Consumption

GDP 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

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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