Nicaragua: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Textiles and agriculture make up half of the country's exports. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): United States, Mexico, and China |
| 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) | $36,899,427,406 (2020) |
| GDP Growth Rate (annual %) | -1.977% (2020) |
| GDP Per Capita, PPP (current international) | $5,570 (2020) |
GDP Country Rank 126/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 3.682% (2020) |
| External debt stocks, total (DOD, current US$) | $11,690,864,308 (2019) |
| Total tax rate (% of commercial profits) | 60.6% (2019) |
| Real Interest Rate (5 year average %) | 5.019% (2020) |
| Manufacturing, value added (% of GDP) | 12.886% (2020) |
| Current Account Balance (BoP, current US$) | $957,800,000 (2020) |
Labor and Employment [1]
| Labor Force, Total | 3,028,201 (2020) |
| Employment in Agriculture (% of total employment) | 30.599% (2020) |
| Employment in Industry (% of total employment) | 15.58% (2020) |
| Employment in Services (% of total employment) | 53.821% (2020) |
| Unemployment Rate | 5.82% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $5,951,266,812 (2020) |
| Exports of goods and services (current US$) | $5,341,781,662 (2020) |
| Total Merchandise Trade (% of GDP) | 94.308% (2020) |
| FDI, net inflows (BoP, current US$) | $503,000,000 (2019) |
| Commercial Service Exports (current US$) | $882,300,000 (2020) |
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.