GDP in Nicaragua
Nicaragua - GDPEconomic 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
|Economic Growth (GDP, annual variation in %)||4.8||4.6||4.6||-4.0||-3.9|
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua GDP Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
|Exchange Rate||33.47||2.11 %||Jan 01|
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