Nicaragua: Economy

Economic Trivia

Textiles and agriculture make up half of the country's exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): United States, Mexico, and China
Top 3 Exported Goods (2014): Apparel: Knit, Apparel: Non Knit, and Electrical Machinery

Top Industries Source: CIA World Factbook

Food Processing; Chemicals; Machinery and Metal Products; Knit and Woven Apparel

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $29,578,055,571 (2014)
GDP Growth Rate (annual %) 4.703% (2014)
GDP Per Capita, PPP (current international) $4,918 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 123/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 6.036% (2014)
External debt stocks, total (DOD, current US$) $9,601,271,000 (2013)
Total tax rate (% of commercial profits) 63.9% (2015)
Real Interest Rate (5 year average %) 4.059% (2014)
Manufacturing, value added (% of GDP) 15.4% (2014)
Current Account Balance (BoP, current US$) ($838,050,438) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 2,657,353 (2014)
Employment in Agriculture (% of total employment) 32.2% (2010)
Employment in Industry (% of total employment) 16.5% (2010)
Employment in Services (% of total employment) 51.3% (2010)
Unemployment Rate 5.3% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $6,999,084,855 (2014)
Exports of goods and services (current US$) $4,997,358,552 (2014)
Total Merchandise Trade (% of GDP) 102.252% (2014)
FDI, net inflows (BoP, current US$) $883,500,000 (2014)
Commercial Service Exports (current US$) $1,302,081,342 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Nicaragua’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary