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Nicaragua

Headline economic indicators for Nicaragua, with the most recent official readings.

Prices

Prices — Nicaragua
Indicator Value Change
Inflation rate · 2.1% -2.54 (-55.0%)
Consumer price index · 226.4 +4.62 (+2.1%)
GDP deflator inflation · 7.6% +0.27 (+3.7%)

GDP

GDP — Nicaragua
Indicator Value Change
GDP growth rate · 4.9% +1.34 (+37.5%)
GDP per capita · 3,173.34 +325.46 (+11.4%)
GDP per capita, long-run history · 5,093 +114.00 (+2.3%)
GDP · 22,237,167,113.09 +2,540,855,263 (+12.9%)
GDP, PPP · 65,057,109,096 +4,742,356,554 (+7.9%)
GDP per capita, PPP · 9,284 +563.05 (+6.5%)
GDP per capita growth · 3.6% +1.36 (+62.0%)
GNI per capita · 2,850 +340.00 (+13.5%)
Agriculture to GDP · 14.5% -0.04 (-0.3%)
Industry to GDP · 29.3% +1.82 (+6.7%)
Manufacturing to GDP · 12.6% -0.84 (-6.2%)
Services to GDP · 45.2% -1.64 (-3.5%)
Household consumption to GDP · 76.1% -4.04 (-5.0%)
Gross capital formation to GDP · 25.8% +1.01 (+4.1%)
Gross savings to GDP · 28.5% -1.37 (-4.6%)

Labour

Labour — Nicaragua
Indicator Value Change
Unemployment rate · 5.0% +0.06 (+1.2%)
Labour force participation rate · 66.1% +0.04 (+0.1%)
Female labour force participation rate · 51.3% +0.17 (+0.3%)
Youth unemployment rate · 9.5% -0.04 (-0.4%)
Employment to population ratio · 62.7% -0.00 (-0.0%)
Employment in agriculture · 30.5% -0.20 (-0.6%)
Employment in industry · 16.9% -0.03 (-0.2%)
Employment in services · 52.6% +0.23 (+0.4%)

Money

Money — Nicaragua
Indicator Value Change
Real interest rate · 1.4% -2.20 (-60.3%)
Broad money to GDP · 39.3% -0.32 (-0.8%)
Private sector credit to GDP · 32.3% +2.32 (+7.7%)
Lending rate · 9.2% -2.08 (-18.5%)
Bank deposit rate · 2.3% +0.02 (+0.8%)
Bank nonperforming loans · 1.0% -0.21 (-16.6%)
Official exchange rate · 36.62 +0.00 (+0.0%)

Trade

Trade — Nicaragua
Indicator Value Change
Current account to GDP · 4.2% -4.08 (-49.6%)
Exports to GDP · 41.6% +0.61 (+1.5%)
Imports to GDP · 54.9% -3.30 (-5.7%)
Trade to GDP · 96.4% -2.70 (-2.7%)
Exports of goods and services · 9,249,209,961.69 +1,176,410,342 (+14.6%)
Imports of goods and services · 12,198,469,835.6 +743,151,288 (+6.5%)
Trade balance, goods and services (annual) · -3,302,581,709.96 -1,031,281,710 (-45.4%)
Current account balance (annual) · 817,618,290.04 -647,781,710 (-44.2%)
Foreign direct investment to GDP · 6.8% -0.11 (-1.6%)
Remittances received to GDP · 26.6% +0.45 (+1.7%)
Total reserves, including gold · 8,324,385,226.76 +2,219,518,133 (+36.4%)
Reserves in months of imports · 5.7 +0.11 (+2.0%)
External debt to GNI · 82.8% -7.54 (-8.3%)

Government

Government — Nicaragua
Indicator Value Change
Government revenue to GDP · 21.5% +0.01 (+0.1%)
Government expense to GDP · 16.3% -0.41 (-2.4%)
Tax revenue to GDP · 20.1% +0.15 (+0.7%)
Government budget balance to GDP · 2.3% -0.32 (-12.2%)
Government consumption to GDP · 11.4% -0.89 (-7.2%)
Education spending to GDP · 2.9% -0.93 (-24.5%)
Health spending to GDP · 8.3% -0.68 (-7.6%)

Demography

Demography — Nicaragua
Indicator Value Change
Population · 7,007,502 +91,362 (+1.3%)
Population, long-run history · 6,433 +90.60 (+1.4%)
Population growth · 1.3% -0.03 (-2.6%)
Life expectancy · 75.1 +0.15 (+0.2%)
Fertility rate · 2.21 -0.01 (-0.5%)
Birth rate · 19.1 -0.24 (-1.2%)
Death rate · 4.6 +0.05 (+1.1%)
Urban population share · 59.4% +0.18 (+0.3%)
Population aged 65 and over · 5.7% +0.16 (+3.0%)
Under-five mortality rate · 11.2 -2.60 (-18.8%)
Population density · 56.7 +0.77 (+1.4%)
Net migration · -8,371 -182.00 (-2.2%)
Gini index · 46.2 +2.30 (+5.2%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Nicaragua; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.