Latin America, Caribbean 2014 Growth Likely Reached Only 1.1%

Growth in Latin America and the Caribbean likely reached only 1.1% this year, the slowest rate of expansion since 2009, but will jump back up to twice as high next year, the United Nations Economic Commission for Latin America and the Caribbean said. Among the stars in terms of growth for next year, the Eclac forecasts that Panama will expand 7.0%, Bolivia by 5.5%, and the Dominican Republic, Peru and Nicaragua by 5.0%.

 
 
Source
Central bank

Central Bank of Nicaragua

International Reserves

US$ 2.032 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 12 billion (2014 estimate)

GDP (Purchasing Power Parity)

30 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
2.5% 5.3% 4.3% 4.2% 5.3% 2.9% -2.8% 3.3%
2011 2012 2013 2014*        
5.7% 5.0% 4.6% 4.0%        

*Estimate

GDP per capita - current prices

US$ 1,904 (2014 estimate)

GDP per capita - PPP

4,797 International Dollars (20014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.05% 0.03% 0.03% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 17.1% 
  • industry: 25.5% 
  • services: 57.5% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
8.1% 7.2% 7.1% 6.3%

*Estimate

Unemployment rate
2011 2012 2013 2014*
5.9% 5.9% 5.9% 5.9%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
33.7% 32.7% 31.5% 30.9% 29.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
0.1% 0.8% 0.2% -0.6% -0.9%

*Estimate  

Government bond ratings

Standard & Poor's: N/A

Moody's rating: B3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept  2014)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Nicaragua

N/A

 
 
Source
Current account balance

US$ -1.515 billion (2013 estimate)

Current account balance by percentage of GDP

-12.697% of GDP (2013 estimate)

Exports as percent of GDP(Exports of goods and services)

40.5% (2013)

(Data released on October 2014)

Shares in world total merchandising export

0.01% (2012)

(Data were released in March 2014 and refer to 2011)

Shares in world total commercial services export

0.01% (2012)

(Data were released in March 2014)

Total exports

US$2.401 billion (2013 estimate) 

Export commodities

coffee, beef, gold, sugar, peanuts, shrimp and lobster, tobacco, cigars, automobile wiring harnesses, textiles, apparel, cotton

Total imports

US$5.650 billion (2013 estimate) 

 
 
Source
Import commodities

consumer goods, machinery and equipment, raw materials, petroleum products

Exports - major partners

United States 25.2%, Venezuela 16%, Canada 13.1%, El Salvador 8.9%, Costa Rica 5% (2013 est.)

Imports - major partners

Venezuela 18.8% (2013 est.)

FDI inflows
2011 2012 2013
US$968 million US$805 million US$849 million
FDI outflows
2011 2012 2013  
US$7 million US$44million US$64 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
N/A N/A N/A N/A
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 124 out of 189 countries  (2013)

Subcategories:

Starting a business: 123 out of 189 countries

Enforcing Contracts: 47 out of 189 countries

Registering Property: 135 out of 189 countries

Getting credit: 109 out of 189 countries

Protecting investors: 138 out of 189 countries

Trading across border: 82 out of 189 countries

Paying Taxes: 163 out of 189 countries

Dealing with Construction Permits: 152 out of 189 countries

Getting Electricity: 114 out of 189 countries

Resolving Insolvency: 84 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

99

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 102 Score: 58.4 (Mostly Unfree) 

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC-6

Total area

130,370 sq km

Capital

Managua

Currency

cordobas (NIO)

Government type

republic

Languages

Spanish (official) 95.3%, Miskito 2.2%, Mestizo of the Caribbean coast 2%, other 0.5%  note: English and indigenous languages found on the Caribbean coast (2005 est.)

Religions

Roman Catholic 58.5%, Evangelical 21.6%, Moravian 1.6%, Jehovah's Witness 0.9%, other 1.7%, none 15.7% (2005 census)

Total population
1990 2000 2010 2014* 2019**
N/A 5.108 million 5.923 million 6.192 million 6.587 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
39.6% 50% 55% 58%
Population median age

24.2 years (2014 est.)

Population growth rate

1.02% (2014 est.)

Life expectancy

72.72 years (2014 estimate)

Adult literacy

78% (2005 estimate)

% of population living on less than $2 a day

20.8% (2009)

Inequality of wealth distribution (Gini index)

45.7 (2009

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 4
Civil Liberties: 3 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 5.3%   Mobile 112.0%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

15.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Managua: 207th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.8 (2010)

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