Current Account in Nicaragua
Nicaragua - Current Account
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 - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -8.8 | -6.5 | -4.9 | 0.6 | - |
Nicaragua Current Account Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
Nicaragua Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 33.47 | 2.11 % | Jan 01 |
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