Nicaraguan Economy Grows at 7%
Monday, May 24, 2021
During March 2021, the Monthly Index of Economic Activity reported a year-on-year variation of 6.5%, a rise that is largely explained by the dynamism of mining and quarrying, manufacturing industry and construction.
In primary activities, growth was registered in mining and quarrying, livestock, agriculture, fishing and aquaculture, and a decrease in forestry and timber extraction, informed the Central Bank of Nicaragua (BCN).

Check out the "System for monitoring markets and the economic situation in Central American countries" of CentralAmericaData.

In the manufacturing industry, the activities of meat and fish processing, sugar, beverages, tobacco, textiles, machinery and equipment, petroleum derivatives, non-metallic products, among others, showed growth, according to the official analysis.

According to the BCN, in services, growth was observed in commerce, education, public administration and defense, home ownership and health; and decreases in hotels and restaurants, financial intermediation and related services, other services, and energy and water.

Agriculture activity showed a 3.9 percent growth (4.1% in the accumulated January-March period), as a result of increased work in sugar cane, bananas, beans and tobacco, among others, said the monetary authority.

Do you know that we are now part of something bigger?
Learn about PREDIK Data-Driven, our new global brand.
 
More on this topic
Nicaraguan Economic Activity Drops 7%
April 2019
At the end of 2018, the Monthly Index of Economic Activity fell by 7% compared to December 2017, a decrease explained by the performance of the Hotels and Restaurants and Construction sectors.
In December, the seasonally adjusted monthly index of economic activity (IMAE) decreased 0.2% with respect to November 2018. The original series showed a 7.1% decrease from December 2017. The average annual variation, which in December corresponds to the accumulated variation, showed a 3.3% decrease, explains a report by the Central Bank of Nicaragua (BCN).
Nicaragua: Economic Activity Still Weakening
January 2019
Up to October 2018, the economic activity index fell 6% with respect to the same month in 2017, mainly because of the performance in the commerce, hotels and restaurants sectors.
The Central Bank of Nicaragua reported that "
... In October, the monthly economic activity index (IMAE) decreased 6.0 percent compared to October 2017. The average annual variation was -1.0 percent and the cumulative variation in the January-October period was -2.3 percent
.
Panama MIEA Grows 6.31% Between January and June
September 2013
The most active sectors were: fishing, construction, mining and quarrying, transport, storage and communications, hotels and restaurants, manufacturing and others.
From information published by the Comptroller General of the Republic of Panama:
Panama: IMAE Grows by 9.42%
October 2012
In the period January-August 2012, the Monthly Economic Activity Index, rose by 9.42% compared to the same period in 2011.
A statement from the Controller General reads:
Countries
Nicaragua
Insight
Economics
RELACIONADO
Economic growth
Economics
Index Measurement of Economic Activity
Index of Economic Activity
Statistics
Daily Update Government PurchasesDownload brochure (only in spanish)Trade Inteligence Subscriber Access NewsletterContact Us MarketDataMexico Español
2008-2021 © CentralAmericaData.com
Trade InteligenceWho we areContact Us