GDP in Nicaragua

Nicaragua GDP | Economic News & Forecasts

Nicaragua - GDP

Economic growth slowed to 9.7% in Q3 (Q2: +17.0%), although it remained solid overall. The figure was largely driven by softer private spending growth, as well as a net subtraction from the external sector. Turning to Q4, economic activity grew at a softer pace in October compared to the Q3 average, while growth in both merchandise exports and imports moderated significantly in the same month. That said, remittance inflows picked up in October–November, likely bolstering private spending. In politics, President Daniel Ortega and members of his Sandinista party were sworn in on 9 January following last November’s highly contested elections. Consequently, the U.S. imposed fresh sanctions on Nicaraguan officials closely tied to the president. Lastly, in an effort to forge stronger ties with China, the government signed a cooperation agreement with Beijing on the Belt and Road initiative.

Nicaragua - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)4.8  4.6  4.6  -4.0  -3.9  

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Nicaragua GDP Chart

Nicaragua GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Nicaragua Central Bank and FocusEconomics calculations.

Nicaragua Facts

Value Change Date
Exchange Rate33.472.11 %Jan 01

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