Current Account in Nicaragua

Nicaragua Current Account | Economic News & Forecasts

Nicaragua - Current Account

The economy in Q1 failed to live up to Q4 2021’s double-digit growth, in part due to a base effect. An improvement in fixed capital growth wasn’t enough to outweigh the drags from slower expansion of exports and private and public consumption. In Q2, higher global fertilizer and fuel prices amid the war in Ukraine are likely depressing agricultural output. Rising import costs and inflation should also be denting private consumption despite strong remittances growth. Nevertheless, the government extended April’s price freeze on fuels and gas, with the measure to continue till late August, boosting household and public spending. In other news, on 7 June, President Ortega authorized the deployment of Russian military forces on home soil later in 2022, increasing the probability of new international sanctions.

Nicaragua - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-8.8  -6.5  -4.9  0.6  -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Nicaragua Current Account Chart


Nicaragua Current Account
Note: Current account balance as % of GDP.
Source: Nicaragua Central Bank and FocusEconomics calculations.

Nicaragua Facts

Value Change Date
Exchange Rate33.472.11 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

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.

Sign Up

Economic News

Search form