Browse additional economic indicators and data sets

Nicaragua

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

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







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