Money in Nicaragua
Nicaragua - Money
The economy likely contracted in the second quarter even in the absence of a domestic lockdown, due to a collapse in tourism, weaker activity abroad and domestic uncertainty generated by the health crisis. Economic activity was down 9.5% year-on-year in April—the latest month of available data—with the hospitality, manufacturing and financial services sectors suffering particularly marked declines. Moreover, credit to the economy was down sharply in annual terms throughout Q2. A recovery should be taking hold in Q3, however, amid stronger momentum abroad. In early September, parliament authorized a USD 172 million loan from the BCIE, which should prop up the government’s finances. However, diplomatic isolation will continue to limit multilateral support and therefore the potential for sizable fiscal measures to support the economy.Nicaragua - Money Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Money (annual variation in %) | 19.1 | 10.5 | 13.0 | -19.7 | 3.2 |
Nicaragua Money 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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