Nicaragua: Difference between revisions
← Previous edit
Next edit →
Nicaragua (edit)
Revision as of 15:08, 3 April 2021
Dating maintenance tags: {{Update inline}} {{Cn}}
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/the-world-factbook/countries/nicaragua/|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.{{cn|date=April 2021}}{{update inline|date=April 2021}}
According to the [[United Nations Development Programme]], 48% of the population of Nicaragua live below the poverty line,<ref>{{cite web|url=http://www.pnud.org.ni/noticias/343 |title=Programa de las Naciones Unidas para el Desarrollo – Noticias – La pobreza se arraiga en el país |publisher=Pnud.org.ni |access-date=2010-06-26 |url-status=dead |archive-url=https://web.archive.org/web/20110511101524/http://www.pnud.org.ni/noticias/343 |archive-date=May 11, 2011 }}</ref> 79.9% of the population live with less than $2 per day,<ref>{{cite web|url=http://hdrstats.undp.org/indicators/24.html |title=Human Development Report 2009 – Countries' shares of total stock of migrants in Africa (%) |publisher=Hdrstats.undp.org |access-date=2010-06-26 |url-status=dead |archive-url=https://web.archive.org/web/20090221190342/http://hdrstats.undp.org/indicators/24.html |archive-date=2009-02-21 }}</ref> According to UN figures, 80% of the [[indigenous peoples|indigenous people]] (who make up 5% of the population) live on less than $1 per day.<ref>{{cite news|last=Silva |first=JA |title=NICARAGUA: Name and Identity for Thousands of Indigenous Children |url=http://ipsnews.net/news.asp?idnews=43760 |work=IPS |access-date=2008-09-12 |url-status=dead |archive-url=https://web.archive.org/web/20080911133236/http://www.ipsnews.net/news.asp?idnews=43760 |archive-date=September 11, 2008 }}</ref>
Content is available under CC BY-SA 3.0 unless otherwise noted.
Privacy policy
Terms of Use
HomeRandomNearbyLog inSettingsDonateAbout WikipediaDisclaimers