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Indicators of economy in Nicaragua

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Nicaragua, on the other hand, reached USD 2,046 per capita, or 14.01 billion USD for the whole country. Nicaragua is one of the smaller economies and is currently ranked 133. If this is calculated per inhabitant, taking purchasing power parity into account, then Nicaragua ranks 136th in the list of the richest countries.

Inflation in Nicaragua in 2021 was around 4.93%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 64.2 percent lower.
The index for perceived corruption in the public sector is 20, which is rather poor by global standards.


Back to overview: Nicaragua

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Nicaragua in 2020 decreased moderatly from 12.60 billion US dollars to 12.59 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 0.077 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 5.2 to 6.1 percent. The inflation rate fell from 5.4 percent previously to 3.7 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Nicaragua
Total
Nicaragua
per capita
EU
Total
EU
per capita
GDP14.01 bn USD2,045.54 USD17.177 tn USD33,384.92 USD
Gross national product13.36 bn USD1,950.23 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Nicaragua
Total
Nicaragua
per capita
EU
Total
EU
per capita
Imports5.94 bn USD866.82 USD8.916 tn USD17,329.02 USD
Exports5.34 bn USD779.37 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1977 - 2021

Exports
Imports



Nicaragua: AirportsThe 4 airports in NicaraguaThe 4 biggest airports in Nicaragua
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Alliance: ASEAN - Association of Southeast Asian NationsMembers of the ASEAN - Association of Southeast Asian NationsThe 10 members of the ASEAN trade agreement, listed with area and population (8.5% of world population)