Current Account Balance in Nicaragua
The current account balance in Nicaragua averaged -4.3% of GDP in the decade leading up to 2022; this is below the Central America and Caribbean average of -1.5% of GDP. The 2022 reading for Nicaragua stood at -1.4% of GDP. For more current account information, visit our dedicated page.
Nicaragua Current Account Chart
Note: This chart displays Current Account (% of GDP) for Nicaragua from 2014 to 2023.
Source: Macrobond.
Nicaragua Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 5.9 | 3.7 | -3.8 | -2.5 | 7.7 |
| Current Account Balance (USD bn) | 0.8 | 0.5 | -0.5 | -0.4 | 1.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nicaraguan current account projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Nicaraguan current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nicaraguan current account projections.
Want to get access to the full dataset of Nicaraguan current account forecasts? Send an email to info@focus-economics.com.