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ECON FACTBOOK

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Economy of Nicaragua

Population: 6.1 million in 20131

GDP: $11.3 billion in 20132

GDP per capita: $1,851 nominal3 ($4,571 PPP4) in 2013

GDP growth rate: 4.6% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities2,74531.3%
Agriculture, hunting, forestry, fishing1,73019.7%
Manufacturing1,46516.7%
Wholesale, retail trade, restaurants and hotels1,44216.5%
Transport, storage and communication5646.4%
Construction4355.0%
Mining and utilities3854.4%
Total value added8,767100%

Employment

Unemployment rate: 7.2% in 20137

Employment by Industry 20118

Employment sectorPercent of total
Services50%
Agriculture31%
Industry18%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $12 billion (106% of GDP) in 201410

Household Wealth per Adult: $3,396 in 201410

Gini Coefficient: .405 in 201311

Government

Central Government

Central Government Revenue: $1.8 billion (16% of GDP) in 201312

Central Government Expenditure: $1.7 billion (15% of GDP) in 201312

Central Government Budget Balance: +$0.1 billion (+1% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 13

Corporate Tax Rate: 30% in 201314

* Individual tax thresholds calculated using the exchange rate 26.6 NIO = 1 USD

Monetary Policy

Money Supply (M0): $884 million (8% of GDP) in Dec 2014* 15

Benchmark Interest Rate: N/A

Total Reserves: $2.0 billion (18% of GDP) in 201316

Exchange Rate: 26.6 Nicaraguan Cordoba = 1 U.S. Dollar on Feb 17, 201517

Inflation: 7.1% in 201318

* Money supply calculated using the exchange rate 26.6 NIO = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201319

N/A (data not available at Relbanks.com)

International Accounts

Exports: $2.4 billion (21% of GDP) in 201320

Imports: $5.7 billion (50% of GDP) in 201320

Trade Balance: -$3.3 billion (-29% of GDP) in 201320

Foreign Direct Investment Inflow: $845 million (7% of GDP) in 201321

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $532 million (5% of GDP) in 201222

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Ernst & Young, Worldwide Personal Tax Guide (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Banco Central de Nicaragua, Statistics and Studies, Statistics Database, Monetario, Base Monetaria (Money supply) Go back
16. Source: World Bank Indicators (Total reserves) Go back
17. Source: xe.com (Exchange rate) Go back
18. Source: World Bank Indicators (Inflation rate) Go back
19. Source: Relbanks.com (Financial institutions by assets) Go back
20. Source: CIA World Factbook (Trade data) Go back
21. Source: World Bank Indicators (FDI data) Go back
22. Source: World Bank Indicators (Aid data) Go back