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Nicaragua Economy 2017
http://www.theodora.com/wfbcurrent/nicaragua/nicaragua_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Nicaragua Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
Nicaragua, the poorest country in Central America and the second poorest in the Western Hemisphere, has widespread underemployment and poverty. Textiles and agriculture combined account for nearly 50% of Nicaragua's exports.The Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) has been in effect since April 2006 and has expanded export opportunities for many Nicaraguan agricultural and manufactured goods.In 2013, the government granted a 50-year concession to a newly formed Chinese-run company to finance and build an inter-oceanic canal and related projects, at an estimated cost of $50 billion. The canal construction has not started.

GDP (purchasing power parity):
$33.49 billion (2016 est.) $32.04 billion (2015 est.) $30.54 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 127
[see also: GDP country ranks ]

GDP (official exchange rate):
$13.41 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.5% (2016 est.) 4.9% (2015 est.) 4.6% (2014 est.)
country comparison to the world: 49
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$5,300 (2016 est.) $5,100 (2015 est.) $4,900 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 169
[see also: GDP - per capita country ranks ]

Gross national saving:
22.8% of GDP (2016 est.) 23.6% of GDP (2015 est.) 19.7% of GDP (2014 est.)
country comparison to the world: 63
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 79.4%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 7.2%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 32.1%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 1.6%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 36.2%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -54.9% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 16.9%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 24.3%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 58.8% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
coffee, bananas, sugarcane, rice, corn, tobacco, cotton, sesame, soya, beans; beef, veal, pork, poultry, dairy products; shrimp, lobsters

Industries:
food processing, chemicals, machinery and metal products, knit and woven apparel, petroleum refining and distribution, beverages, footwear, wood, electric wire harness manufacturing, mining

Industrial production growth rate:
5% (2016 est.)
country comparison to the world: 34
[see also: Industrial production growth rate country ranks ]

Labor force:
3.013 million (2016 est.)
country comparison to the world: 103
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 31%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 18%
[see also: Labor force - by occupation - industry country ranks ]
services: 50% (2011 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
6% (2016 est.) 6.1% (2015 est.)
note: underemployment was 46.5% in 2008
country comparison to the world: 64
[see also: Unemployment rate country ranks ]

Population below poverty line:
29.6% (2015 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 41.8% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
40.5 (2010) 60.3 (1998)
country comparison to the world: 59
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $3.454 billion
[see also: Budget revenues country ranks ]
expenditures: $3.738 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
25.7% of GDP (2016 est.)
country comparison to the world: 110
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.1% of GDP (2016 est.)
country comparison to the world: 69
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
46.2% of GDP (2016 est.) 45.7% of GDP (2015 est.)
note: official data; data cover general Government Debt, and includes debt instruments issued (or owned) by Government entities other than the treasury; the data include treasury debt held by foreign entities, as well as intra-governmental debt; intra-governmen
country comparison to the world: 97
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
4.1% (2016 est.) 4% (2015 est.)
country comparison to the world: 165
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
3% (31 December 2010)
country comparison to the world: 104
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
15% (31 December 2016 est.) 12.05% (31 December 2015 est.)
country comparison to the world: 41
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.228 billion (31 December 2016 est.) $1.093 billion (31 December 2015 est.)
country comparison to the world: 145
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$4.453 billion (31 December 2013 est.) $4.136 billion (31 December 2012 est.)
country comparison to the world: 133
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$5.732 billion (31 December 2016 est.) $5.677 billion (31 December 2015 est.)
country comparison to the world: 117
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$1.077 billion (2016 est.) -$1.045 billion (2015 est.)
country comparison to the world: 127
[see also: Current account balance country ranks ]

Exports:
$3.108 billion (2016 est.) $3.341 billion (2015 est.)
country comparison to the world: 123
[see also: Exports country ranks ]

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

Exports - partners:
US 56.5%, Mexico 10.7%, Venezuela 5.4%, El Salvador 4.3% (2015)

Imports:
$6.039 billion (2016 est.) $6.083 billion (2015 est.)
country comparison to the world: 116
[see also: Imports country ranks ]

Imports - commodities:
consumer goods, machinery and equipment, raw materials, petroleum products

Imports - partners:
US 19.9%, Mexico 14.9%, China 10.6%, Venezuela 7%, Costa Rica 7%, El Salvador 5.7%, Guatemala 5.6%, Netherlands Antilles 5.5% (2015)

Reserves of foreign exchange and gold:
$2.442 billion (31 December 2016 est.) $2.492 billion (31 December 2015 est.)
country comparison to the world: 109
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$11.1 billion (31 December 2016 est.) $10.64 billion (31 December 2015 est.)
country comparison to the world: 107
[see also: Debt - external country ranks ]

Exchange rates:
cordobas (NIO) per US dollar - 28.68 (2016 est.) 27.257 (2015 est.) 27.257 (2014 est.) 26.01 (2013 est.) 23.55 (2012 est.)


NOTE: The information regarding Nicaragua on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nicaragua Economy 2017 information contained here. All suggestions for corrections of any errors about Nicaragua Economy 2017 should be addressed to the CIA.




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