Nicaragua: Difference between revisions

|footnote_b = Significant proportion of information obtained from [https://www.cia.gov/library/publications/the-world-factbook/geoscountries/nicaragua/nu.html CIA World Fact Book]

Nicaragua is among the poorest countries in the Americas.<ref>{{Cite web|url=http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/LACEXT/NICARAGUAEXTN/0,,contentMDK:22255024~pagePK:1497618~piPK:217854~theSitePK:258689,00.html|title=Nicaragua - Country Brief|website=web.worldbank.org}}</ref><ref>{{cite news|title=Rank Order – GDP – per capita (PPP)|publisher=CIA World Factbook|url=https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html|access-date=2007-05-09}}</ref><ref>{{cite news|title=Social indicators: Per capita GDP|publisher=United Nations|url=http://unstats.un.org/unsd/demographic/products/socind/inc-eco.htm|access-date=2007-05-09}}</ref> Its gross domestic product (GDP) in [[purchasing power parity]] (PPP) in 2008 was estimated at US$17.37&nbsp;billion.<ref name=cia>{{cite news|title=Nicaragua|publisher=CIA World Factbook|url=https://www.cia.gov/library/publications/the-world-factbook/geoscountries/nicaragua/nu.html|access-date=2007-05-09}}</ref> Agriculture represents 15.5% of GDP, the highest percentage in Central America.<ref>{{Cite web|url=https://www.cia.gov/library/publications/the-world-factbook/fields/214.html#NU|title=Field Listing :: GDP - composition, by sector of origin — The World Factbook - Central Intelligence Agency|website=www.cia.gov|access-date=2019-05-05}}</ref> Remittances account for over 15% of the Nicaraguan GDP. Close to one billion dollars are sent to the country by Nicaraguans living abroad.<ref>{{cite web|url=http://www.migrationinformation.org/Feature/display.cfm?id=393|title=Migration Information Source – Remittance Trends in Central America|publisher=Migrationinformation.org|access-date=2010-06-26|date=April 2006}}</ref> The economy grew at a rate of about 4% in 2011.<ref name=cia/> By 2019, given restrictive taxes and a civil conflict, it recorded a negative growth of - 3.9%; the International Monetary Fund forecast for 2020 is a further decline of 6% due to COVID-19.<ref>Nordea (2020). Nicaragua: Economic Outline. https://www.nordeatrade.com/en/explore-new-market/nicaragua/economy</ref>