Economy of Nicaragua
Population: 6.47 M (2018)
GDP per Capita: 2,029 USD (2018)
13,120 M.

GDP USD

(2018)

Display Chart
5,510 M.

EXPORTS USD

(2018)

Display Chart
6,730 M.

IMPORTS USD

(2018)

Display Chart
52.49 %

PUBLIC DEBT

(2018)

Display Chart
Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.68 % (2017)
GDP of 2010 USD USD 12.00 B. (2018)
GDP Current USD USD 13.12 B. (2018)
GDP per Capita Current USD USD 2,029 (2018)
GDP per capita, PPP USD 4,910 (2018)
GDP per Capita, 2010 USD USD 1,860 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 15.41 % (2018)
Government Spending USD 2.02 B. (2018)
Government Debt % GDP 52.49 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 181.57 (2018)
Trade Openness 93.26 % (2018)
Exports of Goods and Services % GDP 41.98 % (2018)
Exports Goods & Services USD 5.51 B. (2018)
Exports Annual Growth 9.74 % (2017)
Imports as % GDP 51.27 % (2018)
Total Imports USD 6.73 B. (2018)
Foreign Direct Investment % GDP 2.74 % (2018)
Foreign Direct Investment USD 0.36 B. (2018)
Current Account Balance % GDP USD 0.63 % (2018)
Current Account Balance USD 0.08 B. (2018)
Trade Balance % GDP -9.29 % (2018)
Trade Balance USD -1.22 B. (2018)
Foreign Exchange Reserves incl Gold USD 2.26 B. (2018)
Remittances % GDP 11.47 % (2018)
Remittances USD 1,501 M. (2018)
Balance of Payments USD 163 M. (2010)

Labor Market

Indicator Value
Labor Force 3.07 M. (2019)
Unemployment Rate 4.87 % (2019)
Unemployment Rate Females 6.70 % (2019)
Unemployment Rate Males 6.93 % (2019)
Youth Unemployment (ages 15-24) 9.25 % (2019)
Labor Force Participation Rate 66.78 % (2019)
Labor Force (Percent Female) 38.58 % (2019)
Female Labor Force Participation Rate 50.90 % (2019)
Male Labor Force Participation Rate 83.64 % (2019)
Dependent People 54.92 % (2018)

Agriculture Sector

Indicator Value
Forest Area 25.90 % (2016)
Forest Area km² 31,140 km² (2016)
Agricultural Land 42.09 % (2016)
Agricultural Land km² 50,650 km² (2016)
Employment 30.91 % (2019)
Value added % GDP 15.46 % (2018)
Agriculture Value added USD 2.03 B. (2018)
Crop Production Index 137.70 (2016)
Precipitation 2,280 mm (2014)
Arable Land 13 % (2016)
Cereal Yield 2,104 kg/hectare (2017)
Food production index 129 (2016)
Rural Population 41 % (2018)
Fertilizer use of Arable Land 62 kg/hectare (2016)
Livestock Production Index 126 (2016)
Economy of Nicaragua

According to the World Bank and its latest published data, the economy of the Nicaragua presents a growth rate of 4.68 % (2017) to the previous year.

With a population that reaches 6.47 M (2018) and a gross domestic product of USD 13.12 B. (2018), it translates a Gross Domestic Product per Capita of USD 2,029 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Nicaragua also has a workforce of 3.07 M. (2019) with an unemployment rate of 4.87 % (2019), where women represent 6.70 % (2019) and men 6.93 % (2019), the unemployment rate for young people between 15-24 years old stood at 9.25 % (2019). The total number of dependent people stands at 54.92 % (2018).

The central government spent 15.41 % (2018) of its gross domestic product that year, which in absolute terms is USD 2.02 B. (2018). Its consolidated public debt reached 52.49 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Nicaragua exported USD 5.51 B. (2018), which represents 41.98 % (2018) of its gross domestic product, in that same sense its imports reached USD 6.73 B. (2018) with a direct foreign investment of USD 0.36 B. (2018).

Nicaragua has a forest area of 31,140 km² (2016), which represents 25.90 % (2016) of its total area, an average rainfall of 2,280 mm (2014) per year and a population of 41 % (2018) living in rural areas. With a total area of 50,650 km² (2016) available for agriculture and 30.91 % (2019) of its employments, the agricultural sector contributes to the economy of the Nicaragua about USD 2.03 B. (2018) (15.46 % (2018) of its GDP).