Nicaragua: Difference between revisions
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Nicaragua (edit)
Revision as of 18:54, 24 January 2021
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|footnote_a = English and indigenous languages on Caribbean coast are also spoken.
|footnote_b = Significant proportion of information obtained from [https://www.cia.gov​/library/publications​/the-world-factbook/​geos​countries/nicaragua​/​nu.html CIA World Fact Book]
---->| regional_languages = {{unbulleted list |[[English language|English]] |[[Miskito language|Miskito]] |[[Rama language|Rama]] |[[Sumo languages|Sumo]] |{{nowrap|[[Miskito Coast Creole]]}} |[[Garifuna language|Garifuna]] |[[Rama Cay Creole]]}}
| country_code =
[[File:Nicaragua treemap.png|thumb|A proportional representation of Nicaragua's exports.]]
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/​geos​countries/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>
The restrictive tax measures put in place in 2019 and a political crisis over social security negatively affected the country's weak public spending and investor confidence in sovereign debt. According to the update IMF forecasts from 14 April 2020, due to the outbreak of the COVID-19, GDP growth is expected to fall to -6% in 2020.
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