Nicaragua Economy

Economic growth:

The economy recorded average annual growth of 3.3% in the decade to 2022. To read more about GDP growth in Nicaragua, go to our dedicated page.

Fiscal policy:

Nicaragua's fiscal deficit averaged 1.6% of GDP in the decade to 2022. Find out more on our dedicated page.

Unemployment:

The unemployment rate averaged 5.1% in the decade to 2022. For more information on Nicaragua's unemployment click here.

Inflation:

Inflation averaged 5.6% in the decade to 2022. Go to our Nicaragua inflation page for extra insight.

Exchange Rate:

From end-2012 to end-2022 the córdoba weakened by 34% vs the U.S. dollar. For more info on the córdoba, click here.

Year-on-year economic growth eased to 4.4% in Q2 from 4.9% in Q1. The deceleration was driven by smaller expansions in private spending and fixed investment. On the flip side, public spending rebounded and exports fell at a softer rate. Shifting to the third quarter, economic activity grew at a softer pace in July relative to Q2 due to weaker momentum in the agricultural, mining and domestic trade sectors. That said, external sector data is more promising. In July, merchandise exports growth broadly matched Q2’s pace, as did remittances inflows growth over July–August. In other news, the government exiled 135 political prisoners to Guatemala in September. The decision to free the prisoners came after talks with the U.S., which stated that it had not given any concessions to Nicaragua for the release. Relations between the two countries are likely to remain strained going forward.

Projections out to 2034.

45 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 11 expert analysts.

Want to get insight on the economic outlook for Nicaragua in the coming years? FocusEconomics collects projections out to 2034 on 45 economic indicators for Nicaragua from a panel of 11 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. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Nicaragua economy. To download a sample report on the Nicaragua's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.