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ECONOMIC INDICATORS NICARAGUA
Nicaragua - Economic Indicators

Atlántico Sur
Atlántico Norte
Rio San Juan
Granada
Jinotega
León
Estelí
Matagalpa
Boaco
Economic Overview

Nicaragua, the poorest country in Central America and the second poorest in the Western Hemisphere, has widespread underemployment and poverty. GDP growth of 4.5% in 2017 was insufficient to make a significant difference. Textiles and agriculture combined account for nearly 50% of Nicaragua's exports. Beef, coffee, and gold are Nicaragua’s top three export commodities. The Dominican Republic-Central America-United States Free Trade Agreement has been in effect since April 2006 and has expanded export opportunities for many Nicaraguan agricultural and manufactured goods. In...
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View Factbook for Nicaragua
GDPReferenceLastPreviousUnitsFrequency
Private Consumption2019298,932,600,000289,568,400,000NIOAnnual
Investment201972,709,800,00094,536,500,000NIOAnnual
Nominal Gross Domestic Product2019414,713,600,000412,207,000,000NIOAnnual
Real Fixed Investment (gross fixed capital formation)201758,544,773,30057,578,952,900NCUAnnual
Nominal Fixed Investment (gross fixed capital formation)2017116,675,083,400110,637,342,900NCUAnnual
Real Investment201758,993,571,00059,841,925,100NCUAnnual
Government Consumption201657,93949,595Mil. NICAnnual
Real Gross Domestic Product2016136.67130.53Index 2005=100Annual
PriceReferenceLastPreviousUnitsFrequency
Consumer Price Index (CPI)Mar 2021174.48174.072010=100, NSAMonthly
LaborReferenceLastPreviousUnitsFrequency
Wage & Salaries201927,613,500,00026,796,100,000NIOAnnual
Agriculture Employment2017862,905855,745#Annual
Labor Force20162,882,5402,818,687#Annual
Unemployment Rate20116.37.86%Annual
Unemployment2011189.6220.15Ths.Annual
Labor Force Employment20112,8072,591Ths.Annual
TradeReferenceLastPreviousUnitsFrequency
Imports of Goods2020 Q31,308,100,0001,146,800,000USD, NSAQuarterly
Balance of Goods2020 Q3-186,500,000-170,400,000USD, NSAQuarterly
Current Account Balance2020 Q3354,100,000223,000,000USD, NSAQuarterly
Exports of Goods2020 Q31,121,600,000976,400,000USD, NSAQuarterly
Imports of Goods and Services2019207,228,100,000212,165,400,000NIOAnnual
Exports of Goods and Services2019187,065,100,000173,747,700,000NIOAnnual
Real Exports of Goods and Services201777,108,842,90069,995,665,700NCUAnnual
Real Imports of Goods and Services2017125,459,398,100121,388,429,500NCUAnnual
MarketsReferenceLastPreviousUnitsFrequency
Lending RateMay 199510.1510.15% - End of periodMonthly
BusinessReferenceLastPreviousUnitsFrequency
Industrial ProductionJun 201493.09107.552010=100, NSAMonthly
DemographicsReferenceLastPreviousUnitsFrequency
Population20206,624,5546,545,503#Annual
Net Migration2017-106,342#Annual
Birth Rate201619.5119.92# per Ths. pop.Annual
Death Rate20164.784.77# per Ths. pop.Annual

Factbook
Background
Background:
The Pacific coast of Nicaragua was settled as a Spanish colony from Panama in the early 16th century. Independence from Spain was declared in 1821 and the country became an independent republic in 1838. Britain occupied the Caribbean Coast in the first half of the 19th century, but gradually ceded control of the region in subsequent decades. Violent opposition to governmental manipulation and corruption spread to all classes by 1978 and resulted in a short-lived civil war that brought the Marxist Sandinista guerrillas led by Daniel ORTEGA Saavedra to power in 1979. Nicaraguan aid to leftist rebels in El Salvador prompted the US to sponsor anti-Sandinista contra guerrillas through much of the 1980s. After losing free and fair elections in 1990, 1996, and 2001, former Sandinista President Daniel ORTEGA was elected president in 2006, 2011, and most recently in 2016. Municipal, regional, and national-level elections since 2008 have been marred by widespread irregularities. Nicaragua's infrastructure and economy - hard hit by the earlier civil war and by Hurricane Mitch in 1998 - are being rebuilt, but democratic institutions have weakened under the ORTEGA administration as the president has garnered full control over all four branches of government: the presidency, the judicial, the National Assembly, and the Supreme Electoral Council.
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Economic Indicators for Nicaragua including actual values, historical data, and latest data updates for the Nicaragua economy.


  
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