Includes Nicaragua real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Nicaragua economic outlook, debt to GDP ratio, international trade performance and population trends.
Economy Reliant On Trade, Foreign Investment And Remittances
Nicaragua’s economy is primarily dependent on light manufacturing, mineral extraction and agriculture. An open economy that benefits from the CAFTA-DR free trade agreement with the United States and from foreign direct investment and remittances, it notwithstanding remains one of the poorest in the region. A weak rule of law, opaque investment frameworks, insufficient infrastructure and chronic underemployment are some of the issues that have constrained its long-term growth potential and per capita incomes.
Nicaragua GDP & Economic Overview
Key Facts
Total Area | 130,370 sq km |
---|---|
Type of Government | Parliamentary republic |
Capital City | Managua |
Total Population | 6.676 million |
Median Age | 25.3 |
Total GDP | USD 17,287 millions |
Adult Per Capita Income (PPP) | USD 10,381.56 |
Nicaragua
Trade & Finance
International Trade
Total Exports | USD 8,453 million |
---|---|
Major Exports |
Clothing and apparel Gold Insulated wiring Aircraft Coffee Beef Cigars |
Major Trade Partners – Export |
United States Mexico El Salvador Honduras Costa Rica |
Total Imports | USD 9,701 million |
Major Imports |
Refined petroleum Clothing and apparel Crude petroleum Packaged medicines Insulated wiring |
Major Trade Partners – Imports |
Mexico China United States Netherlands Guatemala |
Inbound and Outbound Investment
Data Shows Nicaragua’s Debt Load To Be
Among Latin America’s Lightest
The chart at left compares Nicaragua’s debt-to-GDP ratio to the regional average. It illustrates how the country has been successful at keeping its debt burden in line with its national productive capacity.
Nicaragua's Leading Companies
Conglomerate | Grupo Pellas |
---|---|
Real estate | Grupo Sol |
Beverage | Cervecería Nacional |
Telecom | Claro Nicaragua |
Financial | Banpro Grupo Promerica |
Global Finance Rankings & Awards: Nicaragua
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000