Worlddata.info

Indicators of economy in Nicaragua

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Nicaragua, on the other hand, reached USD 2.091 per capita, or 14.01 billion USD in the whole country. Nicaragua is one of the smaller economies and is currently ranked 133. If this is calculated per inhabitant taking into account the purchasing power parity, then Nicaragua is in the list of the world's richest countries in place 126.

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

Compared with the USA, prices for daily consumer goods are around 64.2% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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 Dollar to 12.59 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 0.077% 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 has fallen from 5.4 percent previously to 3.7 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Nicaragua
Total
Nicaragua
per capita
EU
Total
EU
per capita
GDP14.01 bn USD2,090.75 USD17.09 tn USD33,228.68 USD
Gross national product13.45 bn USD2,006.13 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2020

 Nicaragua
Total
Nicaragua
per capita
EU
Total
EU
per capita
Imports5.94 bn USD885.98 USD8,916.24 bn USD17,337.55 USD
Exports5.34 bn USD796.60 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 1977 - 2020

Exports
Imports



Nicaragua: AirportsThe 4 airports in NicaraguaThe 4 biggest airports in Nicaragua with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Infected and deaths by the corona virus (COVID 19)Spread of the Corona virus Covid19 (SARS-CoV-2)Worldwide development of the number of cases and deaths due to the corona virus.