Current Account in Nicaragua
Nicaragua - Current AccountWhile hard data is limited, there have been tentative signs the downturn has bottomed out in the second half of the year. The banking sector appears to have stabilized, with bank withdrawals easing and the ratio of non-performing loans declining through September. Moreover, international reserves rose to USD 2.3 billion by the end of Q3, suggesting economic imbalances have waned. In light of this, in November both Fitch Ratings and S&P Global Ratings upgraded their outlooks for Nicaragua to stable; however, they maintained their B- ratings due to ongoing political risk, low economic growth prospects and fragile external financing conditions. In other news, on 7 November the U.S. slapped sanctions on three additional government officials to increase pressure on the Ortega administration, while social tensions resurfaced after the fall of Bolivia’s President Morales re-energized Nicaraguan protests.
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||33.47||2.11 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.