Current Account in Nicaragua
Nicaragua - Current AccountThe economy likely remained in the doldrums in the first half of the year. Bank deposits shrank sharply in January through April, while liquidity conditions worsened as the money supply continued to contract through May. On a brighter note, the trade deficit narrowed notably in January–April due to tumbling imports, which have been dampened by the effects of the economic crisis, amid falling exports. More positively, remittance inflows in Q1 and at the outset of Q2 should have provided some respite to the battered economy. On the political stage, while the release of some political prisoners under a contentious amnesty law was somewhat of a concession by the Ortega administration in the negotiations with the opposition, a final resolution to the political crisis seems distant.
Nicaragua - Current Account Data
|Current Account (% of GDP)||-10.9||-7.1||-8.8||-6.5||-4.9|
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua Current Account Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
|Exchange Rate||32.92||2.11 %||Jul 11|
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