Nicaragua’s current account shifted to a USD 194.8 million surplus in the first quarter of 2019 from USD 8.6 million deficit in the same period of the previous year. It was the largest current account surplus on record, as the goods shortfall narrowed to USD 241.6 million from USD 451.8 million a year earlier. Also, the primary income gap fell to USD 68.2 million from USD 112.3 million and the secondary income surplus widened to USD 395.8 million from USD 386.3 million. Meanwhile, the services surplus decreased to USD 108.8 million from USD 172.1 million in the corresponding period of 2018. Current Account in Nicaragua averaged -211.41 USD Million from 1990 until 2019, reaching an all time high of 194.80 USD Million in the first quarter of 2019 and a record low of -448 USD Million in the fourth quarter of 2007.

Current Account in Nicaragua is expected to be 240.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Nicaragua to stand at 120.00 in 12 months time. In the long-term, the Nicaragua Current Account is projected to trend around -340.00 USD Million in 2020, according to our econometric models.


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Nicaragua Current Account

Actual Previous Highest Lowest Dates Unit Frequency
194.80 -4.00 194.80 -448.00 1990 - 2019 USD Million Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2018-10-25 11:00 PM Q2 $-73.1M $21.3M $ -150M
2019-01-07 09:00 PM Q3 $191.7M $-10.5M $ -240M
2019-04-05 03:00 PM Q4 $-4.0M $139.9M $ -100M
2019-07-25 03:00 PM Q1 $194.8M $-4.0M $ 65M


News Stream
2019-04-05
Nicaragua Current Account Gap Smallest on Record
Nicaragua’s current account deficit narrowed to USD 4.0 million in the fourth quarter of 2018 from USD 431.7 million in the same period of the previous year. It was the smallest trade gap on record, as the goods shortfall fell to USD 467.8 million from USD 876.5 million in the last quarter of 2017. Also, the primary income gap decreased to USD 59.0 million from USD 82.4 million and the secondary income surplus widened to USD 418.9 million from USD 402.5 million. Meanwhile, the services surplus declined to USD 103.9 million from USD 124.7 million. Considering full 2018, the country’s current account recorded a USD 83.0 million surplus compared to a USD 675.1 million deficit in 2017.


Nicaragua Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Nicaragua Trade Last Previous Highest Lowest Unit
Balance of Trade -116.20 -53.80 -15.80 -370.40 USD Million [+]
Current Account 194.80 -4.00 194.80 -448.00 USD Million [+]
Current Account to GDP 0.60 -4.90 13.60 -63.00 percent [+]
Exports 459.90 478.90 538.50 10.50 USD Million [+]
Imports 576.10 532.70 744.50 53.00 USD Million [+]
Remittances 134.30 144.00 149.50 19.80 USD Million [+]
Terrorism Index 2.95 0.75 2.95 0.00 [+]
Capital Flows 110.10 159.20 2373.40 -602.90 USD Million [+]
External Debt 11602.80 11666.60 11837.20 5785.90 USD Million [+]
Foreign Direct Investment 123.00 45.70 443.50 45.70 USD Million [+]