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 (2017): United States, China, and Mexico
Top 3 Exported Goods (2017): Apparel: Knit, Electrical Machinery, and Meat

Top Industries Source: CIA World Factbook

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

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $36,324,176,883 (2017)
GDP Growth Rate (annual %) 4.861% (2017)
GDP Per Capita, PPP (current international) $5,842 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 121/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.851% (2017)
External debt stocks, total (DOD, current US$) $11,457,134,411 (2017)
Total tax rate (% of commercial profits) 60.2% (2017)
Real Interest Rate (5 year average %) 5.594% (2017)
Manufacturing, value added (% of GDP) 13.72% (2017)
Current Account Balance (BoP, current US$) ($694,000,000) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,939,653 (2017)
Employment in Agriculture (% of total employment) 29.354% (2017)
Employment in Industry (% of total employment) 17.697% (2017)
Employment in Services (% of total employment) 52.949% (2017)
Unemployment Rate 4.443% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $7,656,420,754 (2017)
Exports of goods and services (current US$) $5,695,185,101 (2017)
Total Merchandise Trade (% of GDP) 89.036% (2017)
FDI, net inflows (BoP, current US$) $896,600,000 (2017)
Commercial Service Exports (current US$) $1,464,800,000 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank